Gold

Last week, metals continued to rise further, Gold managed to post a new high of the year, while Silver underperformed Gold and remained far from this year’s high. However, notable rally in Gold did not last. Gold took a nosedive over the past few sessions, losing around $30 in few days, declining all the way back from this year’s high to $1260 ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
USD Index_3005

The US Dollar Index got a notable push since the middle of last week on the back of some positive economic releases. However, the biggest push came in from the US 2nd GDP estimate, which showed a revision to the upside towards 1.2% instead of the initial reading of 0.7%. Such reading brings back the possibility of another 25bps rate hike by th...

2017-07-26 Nour Eldeen Al-Hammoury Read more
US Dollar Bill

For the past four weeks, we have been stressing and following the US Dollar Index technical chart very closely, as we believed that a bearish pattern was in the making. Indeed, at the start of this week’s trading, this pattern has been confirmed finally, which reaffirms our bearish outlook for USD Index for the next couple of weeks. Head and...

2017-03-28 Nour Eldeen Al-Hammoury Read more
forex australia_RBA

Earlier this morning, the Reserve Bank of Australia decided to keep the current policy unchanged, including the Cash Rate which remained at a record low at 1.5% as widely expected. However, the statement showed a balanced tone, which kept the market uncertain regarding the next decisions, leading to a slight gain in AUD pairs, which remains pos...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Euro Dollar_Technical outlook

For the past four months, the Euro has been trading within a range of 1.09 – 1.14 with no clear break above or below these solid levels, leading technical indicators to show flat lines on the longer term view, which makes it more difficult to predict the upcoming moves from a technical analysis point of view. What To Do? Merging between funda...

2016-09-27 Nour Eldeen Al-Hammoury Read more
Yen_JPY Trends

On Thursday, the USD/JPY pair plunged around 300 pips due to the YEN bulls that moved in strong. This was happening as the BOJ (Bank of Japan) Governor Kuroda announced that the bank will maintain the current monetary policy rates. Behind the decision resides the need for more time in order to properly monitor the effect of the easing measures i...

2016-04-29 Adrian Filip Read more
crude oil bounce

Yesterday’s RBA (Reserve Bank of Australia) minutes had only a slight impact on the AUD/USD trend, moving the major 10 pips up in a neutral position. In terms of technical analysis, the price has the support at the 100 SMA (Simple Moving Average) meaning 0.7236 going towards the 200 SMA resistance at 0.7265, but recovering from 0.7160. RBA’s mi...

2015-12-16 Kira Vessiari Read more
british pound

The British Pound saw a volatile trading day as two major economic events were on the tap. Enjoying its strong rally, the Pound Sterling was already trading at yearly highs ahead of the April jobs report. Data released by the ONS showed that the UK unemployment rate improved to 5.5%, meeting estimates, from 5.6% previously. While the claimant...

2015-05-14 John Benjamin Read more
Price Action

Price Action Divergent From Fundamentals Another very interesting day has past. USD pairs had some interesting moves, especially during the New York trading session, but not quite in line with the expectations. In the morning, the German Final q/q annually adjusted GDP figures were released. Nothing important here, it came in line with expec...

2014-12-22 Orbex Read more
Office of National Statistics

The Office of National Statistics (ONS) will be releasing its second estimate for the third quarter GDP today at 0930 hours GMT. Expectations call for the GDP to remain unchanged at 0.7%, as reported during the first estimate. Overall, the third quarter GDP numbers show that the rate of growth in the UK had slowed down from 0.9% during the secon...

2014-12-23 Orbex Read more