OfficialYaMarkets

OfficialYaMarkets

Our preference Short positions below 1.2145 with targets at 1.2080 & 1.2060 in extension. Alternative scenario Above 1.2145 look for further upside with 1.2170 & 1.2190 as targets.

OfficialYaMarkets

Suggestion: BUY GBPJPY AT CMP 136.95 SL BELOW 135.90 TGT 137.50/138.20 ELSE SELL BELOW 135.80 TGT 134.95/134.25 SL ABV 136.95

OfficialYaMarkets

Suggestion: BUY GBPUSD 1.299-30 SL BELOW 1.2960 TGT 1.3090/3100 ELSE SELL BELOW 1.2960 FOR 1.2895/2830 SL ABV 1.3030

OfficialYaMarkets

The Euro remained under pressure and slipped to a one week low due to risk off trades. Dismal German ZEW economic sentiment data showed that rising Covid cases and no deal Brexit fears were increasing uncertainty in the Eurozone Suggestion: BUY EURUSD AT CMP 1.1755 SL BELOW 1.1720 TGT 1.1790-1800 ELSE SELL BELOW 1.1700 TGT 1.1670 SL ABV 1.1730

OfficialYaMarkets

Gold price continue to trade in a narrow range hovering near the $1900 levels amidst a steady dollar, fading chances of a new U.S. fiscal stimulus package being finalized before the November elections. US Treasury Secretary Steve Mnuchin said he and House of Representatives Speaker Nancy Pelosi were "far apart" on another coronavirus economic relief package, that...

OfficialYaMarkets

Crude oil prices nudged lower as hopes faded for another round of U.S. fiscal stimulus before Nov election along with a strong dollar which kept pressure on price. House Speaker Nancy Pelosi rejected proposal from Senate Republican leaders for a smaller scale approach to new stimulus and demanded a revamped offer from the White House. Prices however got some boost...

OfficialYaMarkets

Suggestion: SELL GBPJPY FROM 136.70-80 SL ABV 137.40 TGT 135.90 ELSE BUY GBJPY ABV 137.50 FOR 138.25 SL BELOW 136.60

OfficialYaMarkets

The Bank of England asked banks on 12th October on how ready they are for zero or negative interest rates, following up its announcement last month that it was considering how to take rates below zero if necessary. The BOE set a deadline of Nov. 12 a week after its next monetary policy announcement for banks to respond. Money Markets are expecting BOE's next move...

OfficialYaMarkets

"Confusion", "anxiety", "excitement", are just a few words depicting the market emotions and movement of yesterday. There has been a series of updates which are contributing to the market volatility. Gold is hovering around the $1900 level amidst, a firm dollar and lack of agreement on the new Covid relief bill. Also IMF released their global growth forecast...

OfficialYaMarkets

Suggestion: BUY EURJPY FROM 124.30 TGT 125.20 SL BELOW 123.80 ELSE SELL BELOW 123.80 TGT 123.40/122.80 SL ABV 124.35

OfficialYaMarkets

Crude oil prices slipped, as a string of supply disruption which supported prices is subsided now, with bearish headwinds from easing supply blocks in Norway and Libya which opened up the door to potential rise in global oil production to a market facing feeble demand due to pandemic. Energy Operators have restarted their production in Gulf of Mexico after...

OfficialYaMarkets

Sterling finished the European session on a high note against the US dollar on Monday, despite UK PM Boris Johnson announcing new restrictions in order to help curb the surge in coronavirus cases. Technically, the H4 timeframe tested an interesting area of resistance between 1.31/1.3064 , composed of the 1.31 handle, resistance from 1.3064, August’s opening value...

OfficialYaMarkets

Gold remained steady near its three week peak on Monday as the dollar recovered some ground but the prospects of more US Coronavirus relief spending and uncertainty around next month’s presidential election put a floor under prices. The Trump administration called on Congress to pass a stripped -down Coronavirus relief bill using leftover funds, as negotiations on...

OfficialYaMarkets

Crude prices edged higher, touching levels of $43 on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and prospect of supply losses in Norway along with hopes for some U.S. COVID relief aid supported prices. Prices got supported after reports of Saudi Arabia considering reversing course over OPEC’s planned production increase early next...

OfficialYaMarkets

t was a relatively muted session for EUR/USD Thursday, capped under August’s opening value at 1.1771 on the H4 timeframe. An attempt to draw in fresh bids off October’s opening value at 1.1730 was seen, though price fell short at lows from 1.1732. Overhead, trend line resistance, taken from the high 1.1917, and the 1.18 handle is visible. Beyond here, we do not...

OfficialYaMarkets

Thursday, as can be seen from the H4 chart, retested the 1.29/channel support (1.2805) combination and held firm, printing a close back above October’s opening value at 1.2925. This has potentially transferred energy back towards the key figure 1.30 ( surrounded by H4 resistance at 1.3009 and daily resistance at 1.3017).017/1.30 resistance (red area on the H4)...

OfficialYaMarkets

Gold prices edged higher in the early morning session, supported by a weaker dollar and optimism over a new U.S. coronavirus relief aid after resident Donald Trump said talks with Congress have restarted. Giving a contrary statement as compared to few days back, President Trump said there was a good chance a deal over COVID-19 relief could be reached, but gave no...

OfficialYaMarkets

WTI Crude prices dipped over 1.7 percent to close at $40.2 per barrel as surge in U.S. Crude inventory levels clouded the demand outlook for Crude; however, lingering supply worries limited the fall. As per reports from the Energy Information Administration, U.S. Crude inventory levels rose marginally by 501,000 barrels in the week ending on 2 nd October’20....