Weekly Market Update 01/08/16-05/08/16

    Good morning, Last week the US dollar lost ground against all the currencies in the major group.  The Japanese Yen soared, not only against the Greenback, after Bank of Japan's Kuroda disappointed the financial community. It was a very volatile session last Friday night as the daily drop of UsdJpy showed a more complicated price pattern intraday, where it is possible that algo traders made the bulk of the volume.  The BoJ increased its ETF monthly purchases but kept the purchase of domestic sovereign bonds (JBG) an more ...

    Posted 85 days ago (0) comments

    GOLD: XAUUSD September 30, 2016

    High: 1,325.12 | Low: 1,319.28 1,323.94 / 1,324.5

    The commodity is making lower highs but it is still trading above its 200SMA.  Beneath the 38.2% Fibonacci retracement the commodity could test the 200SMA, in area 1,290.  The static 61.8% Fibonacci level is at 1,265. A breakout of the medium term demand line can lift the shiny metal to 1,378 and then to 1,400. more ...

    Posted 26 days ago (0) comments

    EURUSD September 30, 2016

    High: 1.1220 | Low: 1.1203 1.1217 / 1.1219

    USOIL September 30, 2016

    High: 47.72 | Low: 47.44 47.45 / 47.51

    GOLD: XAUUSD September 05, 2016

    High: 1,325.71 | Low: 1,321.58 1,325.66 / 1,326.22

    EURUSD September 05, 2016

    High: 1.1179 | Low: 1.1154 1.1178 / 1.1181

    Economic News October 25, 2016

    Good morning, Asian markets today will have no data of note scheduled for publication. In the coming 24 hours however there will be Corporate Service Price figures for August out of Japan and then the Consumer Price Index out of Australia for the third quarter. AUDJPY trading at 79.71 at time of writing. New Zealand Trade Balance figures will be out later this week, as will Consumer Price Index data from Japan. NZDUSD trading at 0.7158 at time of writing. In Europe this session we first get the Business Climate figures for October out of France. German IFO figures wuill follow along with Italian Industrial Sales & Orders figures for August. Then there will be two significant speeches, one from the Bank of England Governor Mark Carney, before European Central Bank President Mario Draghi is scheduled to speak. EURGBP trading at 0.8897 a Read More ...

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