XAUUSD 20-04-2018

Daily Forex Market Preview, 20/04/2018 The UK's retail sales data showed a larger than expected decline. Retail sales in March fell sharply 1.2% on the month. This was larger than the expected decline of 0.5% that was forecast by economists. The declines also reversed the 0.8% increase from the previous month. Data from the U.S. showed that ...

2018-04-20 John Benjamin Read more
XAUUSD 19-04-2018

Daily Forex Market Preview, 19/04/2018 The U.S. dollar was seen trading mixed across the board on Wednesday. Data from the UK showed that consumer prices slowed even further, rising just 2.5% on the year ending March. This was well below expectations of a 2.7% increase. Core CPI was also weaker, posting an increase of 2.3% on the year, slowing ...

2018-04-19 John Benjamin Read more
XAUUSD 18-04-2018

Daily Forex Market Preview, 18/04/2018 The U.S. dollar was seen trading on firmer ground yesterday amid a busy trading day. Investor appetite was seen improving across the board. Economic data from the UK showed that the unemployment rate fell to 4.2%, which was better than the expected 4.3% level. Wage growth was however subdued, rising 2.8...

2018-04-18 John Benjamin Read more
XAUUSD 17-04-2018

Daily Forex Market Preview, 17/04/2018 The markets opened on Monday shrugging aside the weekend news on the targeted air strikes by the U.S. and its allies on Syria. Lack of response from Russian authorities saw the markets gaining risk appetite. On the economic front, the day was relatively quiet. U.S. retail sales report released showed a ...

2018-04-17 John Benjamin Read more
XAUUSD 16-04-2018

Daily Forex Market Preview, 16/04/2018 The U.S. dollar was seen trading mixed on Friday with lack of any clear fundamentals moving the markets. The overall theme as well as the risk appetite was somewhat mixed. On the economic front, the Eurozone trade balance data released last week showed a moderate increase to 21 billion euro, up from 20....

2018-04-16 John Benjamin Read more
XAUUSD 13-04-2018

Daily Forex Market Preview, 13/04/2018 The euro currency was seen extending the declines on the day after the ECB meeting minutes provided to be more dovish than expected. The minutes released yesterday saw officials downplaying the change to the ECB’s monetary policy statement. The central bank cited risks from the global trade uncertainty and...

2018-04-13 John Benjamin Read more
XAUUSD - Safe haven drive higher continues

Monthly: Price action remains positive and we expect further upside. A potential reverse head & shoulders formation requires a close above $1392 to be considered. The safe haven flows underpin dips. Weekly:  An AB=CD formation has a measured move target in excess of $1450. $1300 has become a pivotal support although dips below here ar...

2018-04-16 Ian Coleman Read more
XAUUSD 12-04-2018

Daily Forex Market Preview, 12/04/2018 The FOMC meeting minutes released yesterday did not show any surprises even as the U.S. dollar weakened ahead of the meeting. However, members were seen to be hawkish as all members preferred to see higher GDP and inflation. There was also building consensus among the voting members for more rate hikes. ...

2018-04-12 John Benjamin Read more
XAUUSD 11-04-2018

Daily Forex Market Preview, 11/04/2018 The markets were buoyant yesterday after the speech by Chinese Premier Xi struck a positive tone among investors. Xi promised to reform China's markets including opening the automobile and insurance sector for foreign investors who could claim a majority stake. Xi's speech eased concerns about a looming tr...

2018-04-11 John Benjamin Read more