July 2015

Gold (XAUUSD) 1096 Gold penetrate !! A market hit the cheapest price for the yellow metal for the first time since March 2010. The market broke a declining symmetrical triangle, 1225 and 1162 represent the expected trading range for…
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Oil (CL_5U) New Contract 47.70 Longer consolidation phase, but no major changes on the fundamentals of that market After recording the lowest level of the year (45/44 levels) because of a material increase at supply side with a…
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USDJPY 123.65 Bullish Scenario still valid for the pair After penetrating the bullish consolidation pattern; the market would still bullish unless the market is traded below 121.80/120.50. Market has rebounded after recording the…
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GBPUSD 1.5635 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 1.1055 Higher Volatility with higher uncertainty On short-Term the market is ranging between the levels of 1.08 and 1.13, any penetration of the market of one of those levels would push the market further on the breakout…
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The currency and fixed income markets (and perhaps the equity markets too) will be keenly following the FOMC's statement later today as the Fed concludes its two-day policy setting meeting. Although not much is expected to be revealed at…
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UK’s ONS (Office for National Statistics) published yesterday GBP estimations for Q2, which show a probable increase of 0.7% compared to Q1’s 0.4% growth, the release marking the 10th milestone for the continued economic expansion. Also,…
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After breaking below the $1150 psychological support few weeks ago, Gold prices remained under pressure as the precious metal was seen trading near five year lows. Keeping up the pressure is the market expectations for the Fed's FOMC…
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A survey came out yesterday which showed that the deal between Greece and its creditors and talks over a third bail-out have boosted investors’ confidence in Europe’s largest leading economy. German business confidence improved this month…
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UK Q2 GDP rises 0.7%, matches expectations Key Notes: UK Q2 GDP Preliminary estimates 0.7% vs. 0.7% UK GDP y/y 2.6% vs. 2.6% UK Index of services 3m/3m 0.4% vs. 0.5%; Index of services m/m 0.3% vs. 0.3% Canada IPPI m/m 0.5% vs.…
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