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EUR/USD enters bearish short-term phase after break of key support level EUR/USD has come under increased pressure after dipping another leg lower to break below the head and shoulders neckline at 1.1660. The drop below what was considered to be a key support level with strong downside momentum indicates that the
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US 30 stock index strongly bullish; looking overbought The US 30 stock index (Dow Jones) reached another all-time high of 23485.10 yesterday as the index extended its second-longest bull run in its history. Prices broke above the 23000 level for the first time on October 17 and are trading above their
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WTI oil futures lack clear trend during past month; short-term consolidation phase at upper end of range WTI oil futures have been moving sideways in the past two weeks and are trading in the upper half of a broader range that has been forming during the past month following the rise
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Gold Outlook | 24 October 2017 Gold prices rebounded on Monday, recovering some of their losses from the previous week, though the move was not particularly big. The precious metal has been under pressure overall recently, weighed on by the absence of any news on the geopolitical front that could spark
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Gold expected to remain soft as near-term risks point to downside Gold has taken on a bearish bias again in the short-term after failure to sustain an upside move above the key psychological level at 1300. Prices attempted a recovery off the 1260 area but this move proved to be a
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GBP/JPY stuck in 2-week range under key 150 level GBPJPY has been trading in a range during the past two weeks and is pivoting around the 20 and 50-period moving averages which are converging around the 148.50 level. This also happens to be the 38.2% Fibonacci retracement of the recent rally
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EUR/JPY holds neutral bias; risk tilted to downside EUR/JPY has been neutral since September 25, trading in a broad range between 131.80 and 133.00. Trend and momentum indicators are pointing to more sideways trading in the short-term. On the 4-hour chart, RSI and MACD are flat, while the Ichimoku cloud analysis also
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Gold holds bullish short-term outlook above 1300 level Gold is tracking higher after bouncing from the 1260.5 low and prices have been rising steadily since October 6. There is room for a further extension higher after a bullish signal was given by the crossover of the 20 and 50-period moving averages
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Gold Outlook | 27 September 2017 · Gold prices spiked higher on Monday after North Korea’s foreign minister said that a tweet from US President Trump amounted to a “declaration of war”. The continued intensification in rhetoric may have put the prospect of military conflict back on the investors’ radar, leading
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WTI Outlook | 21 September 2017 Oil Traders await Oil Producers meeting on Friday · Oil pulled back somewhat on Thursday, giving back some of the gains it posted this month, perhaps due to the strengthening US dollar following the “hawkish” Fed yesterday. Oil traders will probably have a busy end to
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