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The U.S. economic data seems to have picked up momentum according to reports from last week. Across most areas, economic reports indicate a strong surge in activity, including a revised higher third quarter GDP. New single family home…
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XAUUSD intra-day analysis XAUUSD (1274.36): Gold prices remain volatile as price attempted to test the resistance level at 1285 before closing lower. The retest back to the support level at 1274.70 signals a possible move back to the…
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USDJPY intra-day analysis USDJPY (112.74): The USDJPY formed an outside bar on Friday and closed bearish. The intraday rally towards 112.65 was met with strong resistance as the U.S. dollar pared gains. Price action closed on Friday…
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Daily Forex Market Preview, 04/12/2017 The markets closed on Friday on a rather sombre note. However later in the night, the U.S. Senate approved the tax bill which was passed by a narrow vote. The latest hurdle being crossed places the…
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The markets open a new week in December with the economic calendar busy with the monthly data. A busy week for most of the G7 currencies, this week will see the RBA and the Bank of Canada holding their final monetary policy meetings for…
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XAUUSD intra-day analysis XAUUSD (1274.98): Gold prices failed near to hold near the support level of 1285. As a result, price action fell sharply back to the previous support level near 1274.70 region. We expect that this support level…
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USDJPY intra-day analysis USDJPY (112.55): The USDJPY managed to keep its gains for the third consecutive day. The reversal just above 110.70 level of support could see price action currently testing the previous resistance level near…
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Daily Forex Market Preview, 01/12/2017 The optimism in the markets that President Trump's tax reforms will be passed saw the markets trading higher. The U.S. dollar was trading mixed but the greenback managed to post gains against the…
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FX Markets Monthly Outlook December 2017 The month of November was fairly quiet for the markets with no major shocks or surprises. The main talking points of the month were the fact that president Trump managed to finally push the tax…
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Dow managed to sustain advance toward target 24000 today Intraday levels showing support at 23930 where as long as market holding above more advance toward 24100 and maybe 24250 is expected Below 23930 market may add more drop…
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