Gold 2015-08-17

Gold (XAUUSD) 1117 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) 2015-08-17

Oil (CL_5U) 41.70 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 2015-08-17

USDJPY 124.50 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 2015-08-17

GBPUSD 1.5625 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 2015-08-17

EURUSD 1.1100 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 – 17/08

Asian currencies under pressure in the aftermath of Yuan devaluation Key Notes: UK Rightmove HPI m/m -0.8% vs. 0.1% previously Japan preliminary GDP q/q -0.4% vs. -0.5%; prelim GDP price index y/y 1.6% vs. 2.2% Switzerland retail… Read More