Foreign Exchange

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards last week, going below the resistance line at 1.0650. The movement so far this month is essentially bearish and there is a possibility that further bearish movement would continue to hold out, as the support lines at 1.0600, 1.0550 and […]

President Trump yesterday managed to excite financial markets as he announced “something phenomenal” on taxes in in the next two or three weeks in a meeting with US airline executives. During a press briefing later on in the day with the White House Press Secretary, Sean Spicer confirmed the package will be “comprehensive” and that […]

AUS200 Dominant bias: Bearish The market was mostly bearish in January, and that was strong enough to bring about a bearish outlook on the market. Although volatile, price has not trended significantly in February, but it is more likely that further bearish movement would be witnessed. The current bearish outlook would remain valid until price […]

Early morning yesterday, Sterling slumped sharply before recovering in later trading. The volatility in the pound is not surprising as we move closer to the deadline set for triggering article 50. It seems the pound crashed through on sell orders on the downside especially versus the USD and JPY. The fight back came after key […]

Just in the first month of 2017, the demand for precious metals have elevated. Let’s look at some main factors: 1.    Major Inflows The Gold prices have increased 5.2% in January, $1,201.07 per ounce; after falling 13% over the previous three months. In addition, the 10 primary money-drawing EFT’s such as Vaneck Vectors Gold Miners […]

Yesterday, Retail sales figures showed a decrease, which hit the pound slightly. January spending from the British Retail Consortium (BRC) had crept up 0.1% year-on-year, representing a downturn from the 1.7% increase in December and also, the feeblest numbers since August 2016. It led the BRC to state that the New Year may bring more […]

EUR/USD Having threatened to break its ascending trendline last Monday, EUR/USD fought back to put in in its highest close in over two months. The higher close and new swing low may have repainted the ascending trendline and horizontal resistance zone but it does little to change EUR/USD’s core market structure.  This is a market […]

Markets ended the week on a mixed note, following the release of US Jobs data on Friday. Non-Farm Payroll showed 227k growth in the job market in January, much stronger than the expectation of 175k and up from the previous month’s 157k, the headline unemployment rate also rose 0.1% to 4.8%, above expectation of remaining […]

The USD/CHF went downwards last week, but significantly. Price is below the resistance levels at 1.0000 and 0.9950, now moving towards the support level at 0.9900, which is one of the targets for this week. There is a Bearish Confirmation Pattern in the market, and further bearish movement is expected. EUR/USD: The EUR/USD went upwards […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bias on this pair is currently bullish. Price managed to go upwards last week, reaching the resistance line at 1.0800, but not able to stay above it. Several failed attempts were made, to breach the resistance line to the upside, and the goal […]