Japan GDP not good enough

According to Japan’s preliminary GDP analysis on Monday, data shows a contraction in the economy due to the fall in exports, corroborated with a weak consumption. As per Japan’s Cabinet Office, the GDP fall was of 0.4% in Q2 but still above… Read More

Forex Afternoon Wrap – 18/08

UK CPI beats estimates rising hopes for the BoE hawks to vote for rate hikes Key Notes: RBA releases monetary policy meeting minutes Australia new motor vehicle sales -1.3% vs. 3.9% previously UK CPI y/y 0.1 vs. 0.0%; Core CPI… Read More

Dow Jones 2015-08-18

Dow Jones (DJI_5U) 17450 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 2015-08-18

Gold (XAUUSD) 1119.50 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… Read More

Oil (F) 2015-08-18

Oil (CL_5U) 41.60 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 slowing demand… Read More

USDJPY 2015-08-18

USDJPY 124.30 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 2015-08-18

GBPUSD 1.5695 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 2015-08-18

EURUSD 1.1065 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