GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UK OIL & GAS PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LLOYDS BANKING GROUP PLC ORD 10P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), ALBA MINERAL RESOURCES PLC ORD 0.1P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Given the recent weakness for the USD we believe this may just be a retracement, looks like Buyers are still lurking at around the 111.500 area and ready to add strength to take price further possibly overcoming the sellers remaining at the 112.550 area and carry on further to reach the recent highs of around 114.00
1150 still looks to be a strong area of Buyers to get in on the sale of gold and buy cheap and take price back up.
Even with a sale of gold, the commodity is still an investment, seen as a safe asset.
For the time being, price has been stuck at around the 1200 price area, and could still contain sellers waiting to drive price further down.
The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade.
However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.
With Brexit a big talking point in Economic News, the is chance of further GBP weakening (Good for Exports) and believe we could have Buyers waiting at the 140.00 level, this is an area reach just recently however we have to go back a Year since the last time this area held, Could it do it Again? Some sneeky Seller perhaps waiting in the wings at around the ...
Keeping a close watch on the USD as looks like Sellers are still waiting in the area around 0.6700 Depending on News and Economic Data such as Core Durable Goods Orders and what Fed Chair Powell has to say, these orders could get filled and take price down lower.
Looks to be a build up of orders waiting to Buy and go Long, although being cautious the are Sellers waiting around the 84.5 area. And with news focusing on National Core CPI for the JPY.
In the past few weeks we've seen the selling of the gold metal becoming hectic as if it was in an alternative gold rush to sell.
A position of sellers still, at around the 1200.00 area, price looks like it had a moment of strength to take it back up to that level and the sellers will enter again for another sell off and take price down further to an area we ...
With note of the economics, for a while the FTSE 100 trading has mostly been contained to between the two zones, an area of support holding buyers at around the 7600.00 price, while the area around the 7800.00 has been keeping the FTSE 100 in check and acting as resistance stopping further upward movement.
The large amount of sellers at around the 7800.00 will ...
For what has been an area of resistance for quite some time and still holding, an amount of sellers are waiting in this area still, and if the dollar is to stay weakened against the Swiss France then again this zone could still hold and expect another downturn in price.
This week we've got the BOE Gov Carney Speaking along with Average Earnings Index as well as CPI and Retail data coming out, these are really good pieces of data for the GBP and if positive could be a peice of strength to the GBP agains the Swiss Franc, and with Buyers in and around the 1.3100 area, these could be good trades.
Depending on Euro weakness this week, we have data for the Aussie Employment Change and Unemployment Rate, if these are to be negative then we could see the current support holding and the uptrend continuing. The does look to be a lot of buyers place around the that support zone of the 1.5700 area.
With US Core Retail Sales m/m and Retail Sales m/m this week, these could mean some strength for the USD and price could break through the current support, however this looks to be a level where Buyers are waiting for a quick drop to get into the market to go long, perhaps the Euro data for Final CPI y/y may have some effect by mid week.
Looking like a build up of orders waiting to get filled into the market for Silver at around the 16.00 area. Although this would most likely be for the short term as sellers look to be waiting at around the 17.20 area keeping price contained within the channel.
For the meantime, price looks to be contained within a channel. For the short term we could be looking for a sell trade with a build up of order at around the 0.8850 area. Depending on the Brexit negotiations (with 9 months to go) and a possible BoE interest rate rise in August, GBP could gain some strength and take price in the downtrend for the long term.
Price for the time looks to be contained within a channel, a big build up of orders looks to be at around the 0.88500 a good place for a sell trade. Depending on how the Brexit negotiations and a possible BoE interest rate rise in August, the GBP could be looking to gain strength in the more longer term and taking price down.
Though believing in the long term in a Buy trade at the right price, the market looks to be heading in a downtrend in the short term, for a sell trade within the build up of orders at around the the 1.1700 area.
Potential for build up of orders waiting to enter the market at around the 1.5800 area, the could be a good short position for a long down trend. The is a chance of a quick buy trade at around around the 1.56 lev el, however being cautious this could only be very short term.
A quick potential long position could happen before we expect a retracement back to the downside. Some build up of order at around the the 0.7400 area. Or even wait for price to move up and catch the movement for the downturn.