Daily Forex Market Preview, 16/08/2018 The U.S. dollar was seen trading a bit subdued on Wednesday. However, price action was seen staying firm for the most part. Economic data over the day saw the Australia wage price index. For the second quarter, wages grew at a pace of 0.6% matching estimates. In the UK, inflation was seen rising for the...
As we advised in the last 3 weeks and as we see over our previous chart Gold still holding downtrend wave after market broke below support 1236 Short-Run outlook see main resistance at 1245 where as long as Gold maintain trades below the downtrend wave is on go toward 1100 target above 1245 the Intraday levels may give farther advance w...
Daily Forex Market Preview, 15/08/2018 The U.S. dollar maintained its dominance on Tuesday. Economic data showed China's industrial production rising 6.0% on the year. The data missed estimates of a 6.3% increase. Retail sales in China also came out lower than expected at 8.8%. The data underlined the fact that the trade wars were starting to h...
Daily Forex Market Preview, 14/08/2018 The U.S. dollar index was seen trading flat on Monday with the technical pattern confirming a doji close. A bearish follow through from here on could signal a near-term correction. Economic data for the day was sparse. Still, the Turkish lira continued to plunge dragging down the euro currency rather brief...
As we advised in the last 3 weeks and as we see over our previous chart Gold still holding downtrend wave after market broke below support 1236 Short-Run outlook see main resistance at 1245 where as long as Gold maintain trades below the downtrend wave is on go toward 1100 target above 1245 the Intraday levels may give farther advance w...
Daily Forex Market Preview, 13/08/2018 The U.S. dollar gained on Friday as the geopolitical tensions saw the Turkish lira plummeting. The euro was also not spared as initially news reports citing the ECB showed that the central bank was concerned about exposure to Turkey. The U.S. dollar index surged to new highs by Friday's close. [shortcod...
Gold The yellow metal was lower once again this week, printing its fifth consecutive losing week, as the US Dollar climbed higher on global geopolitical tensions. With the Fed having reaffirmed its commitment to continuing its tightening program this year, and data continuing to print firmly, USD has been enjoying a renewed rally over recent we...
Daily Forex Market Preview - 10/08/2018 The markets were trading mixed with the U.S. Dollar managing to hold firm by market close. The markets were influenced by headline reports about China imposing a new round of tariffs of $16 billion. [shortcode-variables slug="learn-forex-basics"] Reports about the ongoing tussle between the U.S. and...
Daily Forex Market Preview - 09/08/2018 The U.S. Dollar was on the back foot on Wednesday. China is set to hit the U.S with fresh trade tariffs of the amount of $60 billion. The market reaction was however largely muted. [shortcode-variables slug="learn-forex-basics"] The British Pound was hit by a bout of negative sentiment. The currency...
Daily Forex Market Preview - 08/08/2018 The U.S. Dollar was trading mixed on Tuesday as the Euro posted a strong rebound. Economic data was sparse. Canada’s Ivey PMI report showed that the index increased to 61.8, missing estimates of 64.2 and down from the previous 63.1. [shortcode-variables slug="learn-forex-basics"] New Zealand’s infla...
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