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 174 days ago (0) comments

    GOLD: XAUUSD January 11, 2017

    High: 1,191.16 | Low: 1,185.48 1,1189.53 / 1,190.12

    Gold went close to the overbought level on the RSI(14) indicator. Area 1,200 is a relevant resistance and a breakout would trigger moderate positive market sentiment and the shiny metal could rise to 1,266 to test its 200SMA. The medium term supply line is the change of polarity level that could bring buyers  in control.  Below 1,123 the shiny metal should test 1,100 and then 1,045, the multiple bottom reached on November 2015.     more ...

    Posted 11 days ago (0) comments

    EURJPY January 11, 2017

    High: 122.60 | Low: 122.12 122.42 / 122.46

    EURUSD January 11, 2017

    High: 0.7394 | Low: 0.7352 1.0556 / 1.0559

    USDJPY November 28, 2016

    High: 112.78 | Low: 111.35 112.39 / 112.41

    EURUSD November 28, 2016

    High: 1.0685 | Low: 1.0605 1.0654 / 1.0657

    Economic News January 20, 2017

    Good morning, Inauguration Day today as President Elect Trump will become President Trump. His first official speech as President of the United States will take place in Washington at 14:00 GMT Overnight we saw Retails Sales figures and Gross Domestic Product figures out of China along with Industrial Production and Urban Investment figures. In Australia there were the HIA New Home Sales figures for December, which were up 6.1% on the previous months' figures. AUDUSD trading at 0.7558 at time of writing. In Europe this session the German Producer Price Index for December got the session underway. Also this session we will take a look at Britain's Retail Sales figures for December. As mentioned earlier the US will be focused on Washington DC. Canada will publish Consumer Price Index data for December and retail Sales figures for November. Read More ...

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