Forex Afternoon Wrap – 20/08

Pound sterling weaker as UK retail sales falls below expectations Key Notes: Swiss trade balance 3.74bn vs. 2.59bn Germany PPI m/m 0.0% vs. -0.1%; PPI y/y -1.3% vs. -1.3% FOMC Member Williams speech UK Retail sales m/m 0.1% vs.… Read More

Dow Jones 2015-08-20

Dow Jones (DJI_5U) 17150 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 (… Read More

Gold 2015-08-20

Gold (XAUUSD) 1138 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… Read More

Oil (F) 2015-08-20

Oil (CL_5v) New Contract 40.75 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… Read More

USDJPY 2015-08-20

USDJPY 124.00 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… Read More

GBPUSD 2015-08-20

GBPUSD 1.5650 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… Read More

EURUSD 2015-08-20

EURUSD 1.1170 Higher Volatility,, On short-Term the market is ranging between the levels of 1.08 and 1.14, The market breached 1.1100 level again, which activates the positive scenario to target testing 1.1250 level as a first main… Read More

Forex Afternoon Wrap – 19/08

US CPI stable at 1.8%, focus shifts to FOMC Meeting Minutes Key Notes: New Zealand PPI Input q/q -0.3% vs. -0.5%; PPI Output q/q -0.2% vs. -0.2% Japan trade balance -0.37Tn vs. -0.16Tn Australia MI leading index m/m 0.0% vs. 0.0%… Read More