technical analysis

Gold and Silver have been rising consistently for an entire trading week, ever since the greenback started tumbling.   The bullish sequences appear to be taking forms of impulses; therefore, it can be said that XAU/USD and XAG/USD could… Read More

The U.S. Dollar extended declines on Monday. Economic data on the day was sparse. The Eurogroup meetings kicked off with focus turning to the Brexit deal. The EU's negotiator for Brexit, Michel Barnier said that the EU ministers were in… Read More

EURUSD Non-Commercials reduced their net short positions in the Euro last week buying 10k contracts to take the total position to -37k contracts. This recent round of buying in EUR comes on the back of sustained selling over the past… Read More

Gold The yellow metal managed to recover this week, trading up off initial weekly lows, to put in a positive week. The move was largely a response to the rally in the US Dollar which traded up to fresh 2018 highs this week on better than… Read More

The U.S. Dollar was trading mixed on Thursday. The UK and the Brexit news dominated most of the headlines. A day after the EU and the UK announced a draft deal, key members of the cabinet from British PM Theresa May resigned. The… Read More

The U.S. Dollar was seen attempting to regain some of the losses from the day before. The Dollar managed to post gains as data showed that consumer price index rose 0.3% on the month in October. This was the biggest monthly gain since… Read More

The Euro currency was seen trading weaker with economic data and general sentiment turning negative. The Euro slipped after comments from the ECB's chief economist Peter Praet who struck a dovish tone on monetary policy. Mr. Praet said… Read More

The markets were seen trading reasonably quiet. Economic data on the day saw the release of Japan's producer price index. Data showed that PPI on the year rose to 2.9%, beating estimates of 2.8%. This was, however, slower compared to 3.0%… Read More