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 61 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 22 hours 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 September 30, 2016

    Good morning, global indices showed risk appetite reversal, with particular concern regarding the weakness of the biggest banks in the Eurozone. Bank of Japan Kuroda is trying to convince the financial community that his inflation targeting strategy started to work. The reality is a bit different and UsdJpy is showing weakness as the rate made 2 consecutive daily bearish spikes. UsdJpy is trading at 100.78, down 25 pips. German Retail Sales (YoY) were above the consensus, with a +3.7%.  Several relevant data will be released during the European session. British Gross Domestic Product at 08:30 GMT;It is expected a +2.2% growth rate.  At 09:00 GMT would be the turn of Eurozone Unemployment Rate, expected at 10.1%, and CPI as well, with moderate inflationary pressures as core prices are expected that have been grown to +0.9%YoY. The Canadian Read More ...

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