August 2015

Friday's UK GDP (Gross Domestic Product) data release was in line with the forecast, revealing that the yearly trend set by the first quarter continues in the second one, the British economy expanding at a similar pace. The report being…
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Crude Oil declines -2% retreating from Friday’s highs Key Notes: New Zealand Building consents m/m 20.4% vs. -3.3% previously Japan preliminary industrial production m/m -0.6% vs. 0.1% Australia MI inflation gauge m/m 0.1% vs.…
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Dow Jones (DJI_5U) 16520 A rising channel … As shown on the chart the market is at the lower boundary of the rectangle patter ( the blue levels ) , and on the lower levels for the bigger rising channel at 17600/17500 levels (…
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Gold (XAUUSD) 1132 Gold penetrate !! A market hit the cheapest price for the yellow metal for the first time since March 2010. The market succeeded to reach the bearish channel’s resistance after breaching 1145 levels ( Penetrated…
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Oil (CL_5v) New Contract 42.40 Longer consolidation phase, but no major changes on the fundamentals of that market After recording the lowest level of the year (41.35 levels) because of a material increase at supply side with a…
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USDJPY 121.30 Bullish Scenario still valid for the pair The market bounced upwards strongly after the sharp decline that happened, and need to stay above 118 , But the price needs to breach 120.50 level then 121.80 to open the…
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GBPUSD 1.5415 Recovering from the bottom with accelerated counter-trend move The pair on a major wide consolidation area, ranging between 1.52s and 1.60s level, as more of the major pair the ranging market which is expected to…
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EURUSD 1.1210 Higher Volatility,, On short-Term the market is ranging between the levels of 1.10 and 1.17, The market breached 1.1700 level, which activates the positive scenario to target testing 1.15 level as a first main target.…
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The currency markets managed to settle back after a tumultuous start to the week with the risk aversion being the major theme. However the Yen emerged on tops with gains of 0.72% over the US Dollar. The Canadian dollar also surprisingly…
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AUDUSD (0.712): The Australian dollar is down -2.65% for the week as the currency briefly dipping to 6-year lows, trading at 0.7128. There was no major economic data from Australia this week but the weakness in the Aussie was set as a…
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