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In light of the early price action, the course of the April Comex gold futures advertise on Friday is probably going to be dictated by broker response to the long haul up trending Gann edge at $1286.30. continue reading

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Dollar Jumped and GBP dropped, after Fed Powell's Upbeat

Feb 28, 2018 11:41 AM GMT

By: AnaysisWatch

Powell’s hawkish rhetoric drove the British pound to depreciate during the trading session on Tuesday, reaching down the 1.39 level ahead of the all-important EU draft on the Brexit transition and Powell's hawkish stance. CONTINUE READING

Gold and the first congressional testimony for Jerome Powell

Feb 27, 2018 10:45 AM GMT

By: AnalysisWatch

The Gold went back last week, despite a noticeable retracement in US treasury yields and as the markets are expecting the Federal Reserve to increase the interest rates. On the first day of the week, Gold prices continue to consolidate when the volatility becomes low due to the lack of any major news. CONTINUE READING

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Euro and Draghi's Speech

Feb 26, 2018 01:05 PM

By: AnalysisWatch

Long Term Trend: Bearish, Down-Trend

The EURUSD went back by 0.9% during the trading session on Friday as the markets are expecting the Federal Reserve to increase the interest rates. While today the EUR.USD is trading up 0.25% ahead the parliamentary speech by the president of the ECB Mario Draghi in Brussels and he will be giving a statement to the European Parliament Economic and Monetary Affairs Committee on monetary policy. CONTINUE READING

Oil Back up the Charts

Feb 23, 2018 10:43 AM GMT

By: AnalysisWatch

US Oil inventories coupled with the US Dollar's decline in the face of retreating bond yields led to a significant rally and sent the oil back up the charts during the trading session on Thursday. Markets now await the US rig count data for fresh momentum on the prices. CONTINUE READING

Gold Slides for the Short or Long-term?

Feb 20, 2018 11:55 AM GMT

By: AnalysisWatch

Gold prices fell once again during the course of trading yesterday as the strength of the dollar continued to dominate the markets even though the market had less volatility and liquidity due to the bank holiday in the US yesterday. CONTINUE READING

European Markets

Feb 19, 2018 12:15 PM GMT

By: AnalysisWatch

It was the best weekly performance in 14 months for the more extensive European indices, and furthermore the primary winning week in the previous four. The skillet-European Stoxx Europe 600 had an amazing 3.9% weekly gain, and the CAC 40 in France tracked that as it added 3.9% for the week as well. CONTINUE READING

EUR Turning down Under Pressure

Feb 19, 2018 10:45 AM

By: AnalysisWatch

Short Term Trend: Bearish, Down-Trend

EURUSD pulled down significantly during the Friday’s session reaching towards the 1.24 level which offered a bit of support. EUR.USD still trading down 0.1% at around $1.24 on Monday with only minor data about the Eurozone current account in December and Bundesbank monthly Bulletin. CONTINUE READING

Bitcoin and the $10,000 Level

Feb 16, 2018 11:24 AM

By: AnalysisWatch

BITCOIN Short Term Trend: Bullish, Up-trend

BITCOIN Very Long Term Trend: Bearish, Down-trend

The Bitcoin price is continuing to gather bullish momentum to record a week high $10,300, in its current move to the upside, seen up around 9% on Thursday. General market jitters within the crypto space, have somewhat eased over the last few trading sessions. CONTINUE READING

Crude Oil Shot Upward

Feb 15, 2018 11:29 AM GMT

By: AnalysisWatch

Long Term Trend: Bearish, Down-trend

After the US oil inventories rose less than expected, Crude Oil gained on Wednesday and was finally able to beat off headwinds which had taken the commodity lower the past week. During the meeting in Riyadh with the Russian Oil Minister Mr. Novak the Saudi Arabian Energy Minister Al-Falih said on Wednesday that he was confident on the OPEC output cuts deal compliance. CONTINUE READING

Gold and the new February High

Feb 15, 2018 10:33 AM GMT

By: AnalysisWatch

Long Term Trend: Bearish, Down-trend

The dollar has been hit hard over the last 24 hours and this is the opportunity that the gold bulls have been waiting for and they used this to full effect to push the prices higher through the 1340 region and now we are seeing the gold prices trade just short of the 1360 region as of this writing and looking good for more. CONTINUE READING

Sterling vs. the Yen

Feb 14, 2018 11:47 AM

By: AnalysisWatch

Short Term Trend: Bearish, Downtrend

Long Term Trend: Bullish, Up-Trend

The British pound has fallen against the Japanese yen during the trading session on Tuesday, after the UK inflation came out at 3% y/y, above 2.9% that was expected. Core CPI also exceeded early forecasts by rising 2.7% y/y. The Bank of England had just expected high levels of price rises a week ago, accordingly limiting the effect of the inflation data. CONTINUE READING

AUDUSD facing strong Headwinds

Feb 13, 2018 01:01 PM

By: AnalysisWatch

Long Term Trend: Bullish, Up-trend

Short Term Trend: Bearish, Down-trend

The Australian dollar has been slightly positive during the trading session on Monday, as the markets continue to recover. When you look at the one hour chart, it looks as if we are trying to build a bit of a base, and I think that it is a good sign going forward. CONTINUE READING

Cable and the UK Inflation Data

Feb 13, 2018 10:47 AM GMT

By: AnaysisWatch

The GBPUSD is trading up 0.3% at around $1.3870 against the US Dollar after the key UK inflation data remained flat at 3.0% y/y in January, but still higher than expected 2.9%. With the UK inflation missing the expectations on the upside on the permanent basis might derail the Bank of England from its current path adding hawkish monetary policy stance confirmed by the Bank of England Monetary Policy Committee member Gertjan Vlieghe who said on Monday that further rate rise is likely. CONTINUE READING

Yen remains in a consolidated range

Feb 12, 2018 12:01 PM

By: AnalysisWatch

Short Term Trend: Bearish, Downtrend

Long Term Trend: Bearish, Downtrend

Japan is on holiday today. The Yen remains in a consolidated range and near important support. The Japanese currency is near 108.65 against the U.S Dollar. CONTINUE READING

EURUSD below the 1.22 level or above the 1.23 one?

Feb 12, 2018 10:47 AM

By: AnalysisWatch

Short Term Trend: Bearish, Down-Trend

The EURUSD is trading up 0.3% at around $1.2270 against the US Dollar as the global equity markets stabilized after heavy losses last week and the US Dollar retreated from its highs. After facing plenty of headwinds the past week and a half, short-term traders may be tempted to look for upside with the belief the Euro has the ability to incrementally rise. CONTINUE READING

Canadian jobs data for fresh Impetus

Feb 9, 2018 11:25 AM

By: AnalysisWatch

Long Term Trend: Bearish, Down-trend

Short Term Trend: Bullish, Up-trend

The US dollar rallied against the Canadian dollar amid the trading session on Thursday, as oil markets keep on looking somewhat suspicious. The US dollar strengthening in against the Canadian dollar is more than likely going to be an element of petroleum and less to do with the US dollar itself. CONTINUE READING

OPEC-Russia and China Oil Output Deal Adjustment

Feb 9, 2018 10:03 AM GMT

By: AnalysisWatch

The crude oil markets fell again during the trading on Thursday, as the output is starting to pick up again with these higher prices. Americans are pumping at full tilt, and this is going to greatly affect the supply worldwide, not to mention that the Canadians have jumped into the fray as well. WTI crude last seen going for 60.50/barrel in Asia trading, with Brent crude near 64.30/barrel. CONTINUE READING

US Dollar Rebound is hurting the Gold Prices

Feb 8, 2018 11:47 AM GMT

By: AnalysisWatch

Long Term Trend: Bearish, Down-trend

Gold fell for the second consecutive day as the strong US Dollar made the precious metal more expensive to non-Dollar buyers. Additional pressure came from higher yields in the bond markets as the 10 year US Treasury yield again climbed over the level of 2.85%. CONTINUE READING

EURUSD and the Extended Losses

Feb 7, 2018 11:17 AM

By: AnalysisWatch

Short Term Trend: Bearish, Down-Trend

EURUSD dropped barely amid the Tuesday’s session as it encountered strong resistance at the 1.24 level and began to move towards the 1.23 level which is showing signs of some support. If the pair can break the 1.2350 level and above then it could recover the 1.24 level again and potentially reaching towards the 1.25 level. CONTINUE READING

USDJPY Price Forecast

Feb 7, 2018 10:55 AM

By: AnalysisWatch

Short Term Trend: Bearish, Downtrend

Long Term Trend: Bearish, Downtrend

The Japanese yen had a solid beginning to the week, increasing 1.0% on Monday. The safe-haven yen took advantage of the massive sell-off on global stock markets, as risk craving was mysteriously gone, then the Yen has steadied in the Tuesday session. CONTINUE READING

Pound Bleeding

Feb 6, 2018 03:15 PM GMT

By: AnaysisWatch

Short Term Trend: Bearish

The GBPUSD initially went sideways during the yesterday's session but then started to move down reaching towards the 1.38 Level to reach to its lowest in two weeks and counting, as equities are back under pressure, boosting the greenback against high-yielding assets. CONTINUE READING

Sell-Off continues on Wall Street; But for how long?

Feb 6, 2018 01:21 PM GMT

By: AnalysisWatch

US stock market sold off rather definitely amid the exchanging session on Monday, as we have gotten through real support hindrances, and keeps on observing a ton of worries far and wide with regards to worldwide markets. CONTINUE READING

CRUDE OIL IS MATERIALLY LOWER

Feb 6, 2018 10:37 AM GMT

By: AnalysisWatch

CRUDE OIL IS MATERIALLY LOWER as the collapse in the global equity markets is having a spill-over effect in energy, with the markets collectively believing… with some history behind it to prove the validity of the argument… that the global economy may well begin to weaken and thus reduce the demand for crude oil. CONTINUE READING

EURUSD and the 1.25 Level

Feb 5, 2018 12:53 PM

By: AnalysisWatch

Short Term Trend: Consolidation Bearish

The Euro’s winning streak to start 2018 continued through the first few days of February, with the single currency posting gains against all of its major counterparts last week. The pair was initially volatile during the Friday’s session as it was waiting for the job number data and when it arrived, the data was better than expected at 200 thousand (expected 175 / previous 148), which led to a small pullback reaching towards the previous uptrend line. CONTINUE READING

Gold Moves Lower

Feb 5, 2018 12:31 PM GMT

By: AnalysisWatch

Gold consolidating Friday's downfall to over 2-week lows and it was moving in the $1330 Level because of the Friday's strong US jobs data raised prospects of at least three rate hike moves by the US Federal Reserve and encouraged some aggressive selling signals on XAUUSD. In Addition to the strong wage growth figures and deficit, concerns push the 10-year yield well above 2.8%, the highest level since 2014. CONTINUE READING

CRUDE OIL IS WEAKER; NAT-GAS IS NOT

Feb 5, 2018 11:39 AM GMT

By: AnalysisWatch

Short Term Trend: Bullish, Consolidation

CRUDE OIL IS WEAKER; NAT-GAS IS NOT with the former falling as the global capital markets are under very real duress and with the latter strengthening as cold temperatures prevail across much of the central portion of the US and are expected to “travel” eastward the next few days to the populated East Coast raising demand for nat-gas… and for 3 distillates… relative to crude oil and gasoline on balance. CONTINUE READING

Greenback Prolongs Improvements after NFP data release

Feb 2, 2018 01:45 PM

By: AnalysisWatch

Long Term Trend: Bearish, Down-trend

Short Term Trend: Bearish, Down-trend

The Canadian dollar has recorded small gains in the Thursday session. Today, the pair is trading at 1.2318, up 0.02% on the day. On the release front, there are no significant Canadian events however, there is the Nonfarm Payroll. CONTINUE READING

CRUDE OIL… ESPECIALLY WTI… HAS MOVED SHARPLY HIGHER

Feb 2, 2018 11:53 AM GMT

By: AnalysisWatch

Short Term Trend: Bullish

CRUDE OIL… ESPECIALLY WTI… HAS MOVED SHARPLY HIGHER and much is being made of the supposed discipline on the part of OPEC and non-OPEC producers adhering to their production cuts in place for the past year and one half and indeed their production has been disciplined… at least on the surface. Saudi Arabia, for example, promised to cut its production by 475,000 bpd and recently its cut production by 550,000. CONTINUE READING

Is it the time for shorting Bitcoin?

Feb 2, 2018 10:55 AM

By: AnalysisWatch

BITCOIN Short Term Trend: Bearish, Down-trend

BITCOIN Very Long Term Trend: Bearish, Down-trend

Bitcoin, the most popular Cryptocurrency, is trading below the $8,500 level. The BTCUSD fell 16% in last 24 hours from $10,200 traded on Wednesday. The price is sliding after India announced the ban on cryptocurrencies. CONTINUE READING

Can the bulls sustain the upside traction now on the Sterling?

Feb 1, 2018 12:03 PM GMT

By: AnaysisWatch

Short Term Trend: Bullish,Up-trend

The GBPUSD has been buoyant over the last few days and this continues for the last 24 hours as well as the pair made a brief look over the 1.42 area only to drop back later in the day. It is probably going under pressure in the short term as the concentration movements shifts to the dollar. CONTINUE READING

CRUDE OIL PRICES ARE A BIT STRONGER

Feb 1, 2018 10:57 AM GMT

By: AnalysisWatch

Short Term Trend: Bullish

CRUDE OIL PRICES ARE A BIT STRONGER and they are so despite the fact that global and domestic crude oil production continues to raise, with US production having finally crossed the psychologically important 10.0 million bpd production level according to the EIA. The report is a bit dated for it is of production in November, but according to the EIA production here in the US rose to 10.038 million bpd with the increases most notably in North Dakota, Texas and in the Gulf of Mexico… in the Bakken and the Permian Basis as fracking operations ramp up in the first two states and as offshort drilling operations are doing the same. CONTINUE READING

Could we see three Fed rate-hikes in 2018?

Feb 1, 2018 10:01 AM GMT

By: AnalysisWatch

The Federal Reserve left interest rates unchanged at the end of its two-day policy meeting on Wednesday, keeping them in a range between 1.25% - 1.50%. CONTINUE READING

Euro Reverses Higher and Keeps Pace

Jan 31, 2018 12:21 PM

By: AnalysisWatch

The Euro has reversed higher in the past half day and has maintained its better values early this morning. The European currency EURUSD is trading up around 0.4% near the 1.2425 level and will remain within the sights of investors all day after the selloff on US Treasuries stabilized with yields off highs at 2.71%. The Eurozone economy confirmed solid pace of growth in the final quarter of 2017 rising 2.7% over the year while German inflation remained steady. CONTINUE READING

CRUDE OIL AND NAT-GAS PRICES HAVE FALLEN A BIT

Jan 31, 2018 11:17 AM GMT

By: AnalysisWatch

Drilling cost have increased by more than 10 per cent since hitting a cyclical low in November 2016, though they are still 27 percent below the cyclical peak set in March 2014.

CRUDE OIL AND NAT-GAS PRICES HAVE FALLEN A BIT with the focus upon the rising cost of drilling. John Kemp, whose eagle-eyed work on this sort of thing is second to absolutely no one, reports that

USDJPY and the Down-Trend

Jan 30, 2018 11:51 AM

By: AnalysisWatch

Short Term Trend: Bearish, Downtrend

Long Term Trend: Bearish, Downtrend

The Japanese Yen endured a moderately little shot against its major counterparts in front of the Tokyo Stock Exchange market open. The selling existed as Japan’s employment statistics for December 2017 was released, and it wasn’t that great from a short-term viewpoint. CONTINUE READING

BitCoin; What Happens Next?!

Jan 30, 2018 11:09 AM

By: AnalysisWatch

BITCOIN Short Term Trend: Bearish Consolidation

BITCOIN Very Long Term Trend: Bullish Consolidation

Bitcoin markets have floated down on Monday, and it will interest to perceive what occurs next. At present, it looks as though the $9997 level is putting forth an enormous support level, however we additionally have a lot of protection simply above at the $12828 level. CONTINUE READING

Could we See the 1.22 Level again?

Jan 29, 2018 12:07 PM

By: AnalysisWatch

Short Term Trend: Slightly Bearish, Consolidation

The US Dollar declined in Friday's trading with the US Index closing 0.29% lower, making it the lowest close level since December 2015. CONTINUE READING

Gold Slants during the Asian session as Greenback Recovers

Jan 29, 2018 11:17 AM GMT

By: AnalysisWatch

Short Term Trend: Consolidation Bearish

Gold markets aroused amid the week, breaking over the $1360 level, and heading towards the $1375 level. Be that as it may, we are beginning to keep running into a lot of resistance, reaching out towards the $1400 level above. CONTINUE READING

CRUDE OIL PRICES ARE WEAKER

Jan 26, 2018 11:19 AM GMT

By: AnalysisWatch

Short Term Trend: Bullish

CRUDE OIL PRICES ARE WEAKER and for lack of a better fundamental reason than this we shall “blame” that weakness on the fact that crude had rallied rather sharply the previous several days AND the President’s rebuke of his Treasury Secretary… discussed at length above…send the dollar suddenly higher and sent commodity prices lower across the board. CONTINUE READING

US Futures Rise as Earnings Data release continues

Jan 25, 2018 01:05 PM GMT

By: AnalysisWatch

US securities exchanges at first attempted to rally amid the day on Wednesday, yet then pulled back. Be that as it may, later in the day it looks as though we are discovering purchasers, and subsequently we precede with the same regular "purchase the plunges" state of mind that we have seen for quite a while. The contracting US dollar assists with exports, so that should keep on pushing the market to the upside. CONTINUE READING

EURUSD and Mario Draghi's Press Conference

Jan 25, 2018 12:21 PM

By: AnalysisWatch

The US Dollar considerably declined against other currencies with the US Dollar Index (USDX) closing 0.96% lower. Statements from members of the US government, which were positive on the economic effects of a weak Dollar, as well as the introduction of tariffs on Chinese and South Korean imports made the USDX fall to a new 3-year low. CONTINUE READING

GBPUSD hits the 1.41 Level

Jan 24, 2018 11:37 AM GMT

By: AnaysisWatch

Short Term Trend: Bullish,Up-trend

The British pound continues to power ahead, to extend the upward action for the ninth consecutive sessions and has now gained more than 3 percent against its US counterpart which brings the currency back to levels not seen since before Brexit. Most probably that this gain because of the US. Dollar weakness and the UK positive data. CONTINUE READING

NZDUSD Technical Analysis and Price Forecast

Jan 24, 2018 10:01 AM

By: AnalysisWatch

Short Term Trend: Bullish

Long Term Trend: Bullish

The New Zealand dollar has been extremely boisterous amid the exchanging session on Tuesday, testing the 0.73 level supports. At last, expect a considerable measure of unpredictability however we think we will see some continuation. CONTINUE READING

BoJ meeting and its effect on USDJPY

Jan 23, 2018 02:35 PM

By: AnalysisWatch

Short Term Trend: Bearish, Downtrend

Long Term Trend: Bearish, Downtrend

The Bank of Japan Interest Rate Decision was not surprisingly and left unaltered at - 0.1%. The yen strengthened despite a relatively dovish message from the BoJ which maintained its 2% inflation target in the quarterly report and expanded the deadline for loan programs went for boosting growth potential by 1 year. The economy is required to extend tolerably. CONTINUE READING

EURGBP Technical Analysis and Price Forecast

Jan 23, 2018 12:19 PM

By: AnalysisWatch

Long Term Trend: Bearish

Short Term Trend: Bullish

The EURGBP combine has floated a bit bring down amid the exchanging session on Monday, as merchants are trying a noteworthy support. This is to a greater extent a "zone", so we could get messy activity throughout the following 24 hours. CONTINUE READING

AUDUSD Technical Analysis and Price Forecast

Jan 22, 2018 12:27 PM

By: AnalysisWatch

Long Term Trend: Bullish

Short Term Trend: Bullish, Consolidation

The Australian dollar has mobilized essentially amid the week, hammering into the fundamental 0.80 level. In any case, this is a region that is enormously critical, and thusly it requires a monstrous measure of push to break above there. We feel that the Aussie may need to develop energy. CONTINUE READING

USDCAD Technical Analysis and Price Forecast

Jan 22, 2018 10:55 AM

By: AnalysisWatch

Long Term Trend: Bearish

Short Term Trend: Bullish Consolidation, Up-Trend

The US dollar has been unpredictable amid the week, however as we finished off the Friday session, it looks as though the market doesn't know where to go next, in connection to the Canadian dollar. We feel that the market keeps on being troublesome for longer-term merchants, as there are such a significant number of moving pieces. CONTINUE READING

Should we keep shorting USDJPY?

Jan 19, 2018 11:45 AM

By: AnalysisWatch

Short Term Trend: Bearish, Downtrend

Long Term Trend: Bearish, Downtrend

The U.S. Dollar finds itself trading lower once again on Thursday; USDJPY slightly under pressure and it is down in early session trading at around 110.80. CONTINUE READING

NZDUSD Technical Analysis and Price Forecast

Jan 19, 2018 11:13 AM

By: AnalysisWatch

Long Term Trend: Bullish, Up-Trend

The New Zealand dollar encouraged amid the day on Thursday, coming to towards the 0.7325 handle however pulled back. The 0.7225 level offers support, and we keep on seeing a great deal of instability. CONTINUE READING

Will the Buyers Respond to the Gold Support?

Jan 18, 2018 02:09 PM GMT

By: AnalysisWatch

Short Term Trend: Consolidation Bullish