Global Market News

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

BITCOIN Short Term Trend: Bullish, Up-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 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

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

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

BITCOIN Short Term Trend: Bearish, Down-trend

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 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

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

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

BITCOIN Short Term Trend: Bullish Consolidation

After the explosive bull rally, the Gold showed a weakness pressing beyond the 1344 high level with a soft upward momentum this week, and there is a big chance to see a big drop movement if the prices break the 1324 support level to head toward the $1304/oz support level. CONTINUE READING

Where is BitCoin heading in 2018?!

Jan 18, 2018 10:19 AM

By: AnalysisWatch

BITCOIN Long Term Trend: Bearish

The Bitcoin markets bear on auctioning off, as retail merchants are getting beaten. As of now, it looks likely that we will keep on seeing the-loosen up of the huge uptrend, and it now looks as though the air pocket has popped. CONTINUE READING

EURUSD retreatment might be for the Long-term

Jan 17, 2018 02:39 PM GMT

By: AnalysisWatch

Short Term Trend: Consolidation Bearish

The EURUSD retracted slightly from three-year tops of 1.2323, now heading for a test of the 1.2200 support, as the ECB is propagating to not drop the bond-buying program at the policy meeting next week and as the German and Italian inflation figures were according to market expectations. CONTINUE READING

Crude oil markets pulled back as traders came back from Martin Luther King Jr. Holiday

Jan 17, 2018 10:18 AM GMT

By: AnalysisWatch

Short Term Trend: Bearish, Consolidation

The WTI Raw petroleum pulled back amid the exchanging session on Tuesday, as merchants returned from the Martin Luther Ruler Jr. occasion. CONTINUE READING

Cable Drops as UK inflation decelerates

Jan 16, 2018 03:53 PM GMT

By: AnaysisWatch

The British pound made a solid upside move for this week and traded above 1.3750 against the U.S. Dollar and this was supported by an increase in the buyers’ number and a break for a major bearish trend line with Resistance at 1.3550. CONTINUE READING

Dow Jones 30 topping near 26000 after breaking above 25K 10 days ago

Jan 15, 2018 01:35 PM GMT

By: AnalysisWatch

Long Term Trend: Bullish reaching 26,000 levels Plus

The US 30 broke out to the positive side once more amid the week, as we are touching crisp new highs on Friday. The market has gotten a bit overstretched, however truth be told we believe that pullbacks will keep on being a purchasing opportunity.

The Safe-Haven Gold

Jan 12, 2018 11:19 AM GMT

By: AnalysisWatch

BITCOIN Short Term Trend: Bearish

The safe-haven Gold success to take advantage of the USD weakness and extend its gains on Friday to climbs towards a four-month high and reach $1332 Level after having a difficult time extending its gains on Thursday, the pair was trading at 1321.25 adding 0.35%. CONTINUE READING

BITCOIN Drops as South Korea prepares a Notice to Veto all Crypto Dealing

Jan 11, 2018 11:45 AM

By: AnalysisWatch

BITCOIN Long Term Trend: Bearish Consolidation

South Korea’s Justice Minister Park Sang-Ki said today that: “a bill is being prepared to ban all Cryptocurrency trading in the country.” CONTINUE READING

Down-Trend Rejection from the EURUSD

Jan 10, 2018 2:47 PM

By: AnalysisWatch

Long Term Trend: Bullish Consolidation, Up-Trend

Finally, the EURUSD found some buying interest after the drop to 1.1915 on Tuesday to head toward the 1.1954 resistance level. CONTINUE READING

Could we see more strength in the US Dollar?!

Jan 8, 2018 1:43 PM GMT

By: AnaysisWatch

Short Term Trend: Bullish Consolidation, Up-Trend

The US data that was released last week confirmed that the labor market is relatively tight, so we saw a reflection of the greenback's rebound rather than the cable weakness which lead the GBPUSD to drop down slightly.

WORLD STOCKS RALLY

Jan 8, 2018 1:10 PM GMT

By: AnalysisWatch

World securities exchanges hovered to untouched highs in the first exchanging seven day stretch of 2018 as the best start in eight years because of the mixture of solid worldwide development and low inflation. CONTINUE READING

Defensive Yen!

Jan 5, 2018 11:35 AM GMT

By: AnalysisWatch

Short Term Trend: Bullish, Up-Trend

Long Term Trend: Bullish Consolidation, Up-Trend above 114.15

USD/JPY failed to break the 112 level to hold above it and confirm this area as a strong support level. The USD/JPY success in recovering the losses as the pair was seen posting strong gains especially after the ADP-NFP news that was released yesterday. CONTINUE READING

Tadawul All Share Index (TASI) closed 0.73% higher last session

Jan 4, 2018 11:41 AM GMT

By: AnalysisWatch

Saudi Arabia shares were higher after the close yesterday, as improvements in the Financial Services, Hotels & Tourism and Transport sectors steered stakes higher; were TASI closed by 0.73% higher. CONTINUE READING

EURUSD holds above 1.20 ahead of FOMC Meeting Tonight

Jan 3, 2018 2:49 PM

By: AnalysisWatch

The EUR/USD moved higher through the 1.2050 region and touched the 1.2092 level and it is going to take a break and quite some effort from the bulls because 1.2070 level is known by the selling point and it presents the first biggest challenge for the Bull movement. CONTINUE READING

Sterling Accomplishes Big Surge

Jan 2, 2018 12:49 PM GMT

By: AnaysisWatch

Big ellipsis in British currency value was accomplished and the GBP/USD pair rallied during the Friday's session reaching and breaking the 1.3520 resistance level and now looking to the next major resistance level 1.3650 which also the region of a gap down during the Brexit announcement.

Gold price Impelled higher by a scrawnier Greenback

Jan 2, 2018 11:50 AM GMT

By: AnalysisWatch

Late shortcoming in the dollar has upheld gold costs by making the dollar-named metal less expensive for holders of different monetary forms. CONTINUE READING

Dollar stays Weak on the last Trading Day in 2017

Dec 29, 2017 11:07 AM

By: AnalysisWatch

Expected trend for today: Bullish

The EURUSD combine has revived essentially amid the exchanging session on Thursday, breaking towards the 1.20 level. CONTINUE READING

Plenty of bad pressure continues to hit the Cryptomarkets

Dec 28, 2017 12:39 PM

By: AnalysisWatch

BITCOIN Short Term Trend: Bearish, Down-Trend

BITCOIN Long Term Trend: Bullish, Up-Trend

South Korea said that it would be implementing new rules in a bid to regulate digital currency trading in the country.

Dow Jones 30 rose 0.11% at trading session closure

Dec 28, 2017 11:11 AM GMT

By: AnalysisWatch

Long Term Trend: Bullish reaching 25,000 levels Plus

The Dow Jones 30 went slanting obviously, yet we think the most imperative level now is the 24,675 level, as it is somewhat of a support. On the off chance that we can bob from that point, the market should then go to the 24,850 level which has been somewhat of a roof. CONTINUE READING

Crude oil markets blasted bullishly after the Pipeline Explosion in Libya

Dec 27, 2017 01:35 PM GMT

By: AnalysisWatch

Long Term Trend: Bearish, Down-Trend

Raw petroleum markets detonated to the upside on Tuesday, as Media reported an explosion on a major Oil pipeline in Libya. CONTINUE READING

Sterling movement during the Holidays

Dec 27, 2017 12:13 PM GMT

By: AnaysisWatch

Short Term Trend: Unclear-Consolidation

As expected on holidays the volatility and liquidity would be low so the GBPUSD pair that is caught within a tight range as there have not been major fundamental developments. CONTINUE READING

Could Gold head towards $1300 Level again?

Dec 26, 2017 11:35 AM GMT

By: AnalysisWatch

Gold prices had bounced last week from $1253 to $1274 to deny the sell signal. XAUUSD is near an important resistance at $1278 and it is difficult to predict its movement in the short term.

Low Trading Volume as Global Financial Holiday Lasts

Dec 26, 2017 10:37 AM

By: AnalysisWatch

Short Term Trend: Neutral-Consolidation-Bearish

Expected trend for today: Bearish

Exchanging will be amazingly light in Forex today as the same number of worldwide budgetary foundations stays on vacation. CONTINUE READING

GBPUSD holds steady on Bearish Consolidation Pattern since December 1st

Dec 21, 2017 11:51 AM GMT

By: AnaysisWatch

Short Term Trend: Bearish

British pound did not affect with any major fundamental news this week, even Carney's speech was on expected lines and did not have that big impact on the pound. Looking forward we do not have any major news from the UK what we have is only the final GDP data from the US. CONTINUE READING

Petroleum markets prices are on stable consolidation

Dec 21, 2017 10:53 AM GMT

By: AnalysisWatch

Long Term Trend: Bullish –Up Trend above $59

Short Term Trend: Consolidation between $56.09 and $58.21

WTI Raw petroleum markets moved quickly amid the exchanging day on Wednesday, as we keep on seeing quality in the energy markets, and obviously the US dollar had taken somewhat of a hit. CONTINUE READING

Gold relation with U.S. Tax Bills

Dec 20, 2017 11:35 AM GMT

By: AnalysisWatch

BITCOIN Short Term Trend: Bearish Consolidation

Long Term Trend: Bearish

The Dollar slipped slightly against the Major currencies on Tuesday as investors questioned about the impact of the U.S. tax that would have on the economy. It seems that the tax reform would boost the economy to significant growth or inflation and the U.S. Federal Reserve's future interest rate decisions. CONTINUE READING

BITCOIN fell around 2000 points, losing nearly 10% yesterday

Dec 20, 2017 09:49 AM GMT

By: AnalysisWatch

BITCOIN Long Term Trend: Bullish

Bitcoin $19,000 level is beginning to seem to be a bit excessively resistive. The market fell towards the $15,727 level between yesterday and today, losing about 10% of its value on yesterday only. CONTINUE READING

Dow Jones 30 continues the “Santa Claus rally”

Dec 19, 2017 12:29 PM GMT

By: AnalysisWatch

Long Term Trend: Bullish reaching 25,000 levels Plus

Dow Jones 30 dealers had great sessions amid the day on Monday, December 18, 2017 as we keep on seeing the “Santa Claus rally.” The US30 started its trading period higher yesterday, and afterward kept on moving skyward for whatever remains of the day. CONTINUE READING

Could we see EURUSD touching the 1.20 Level again?

Dec 18, 2017 12:37 PM

By: AnalysisWatch

Long Term Trend: Bullish - Up-trend

Short Term Trend: Bearish Down-trend

After the Senate Republicans have found a common ground on the front of tax legislation the US dollar went up against the currencies on Friday, which pushed the EUR down against the US Dollar below the 1.18 level. CONTINUE READING

Gold price rise as US dollar drops 0.24% today

Dec 18, 2017 11:11 AM GMT

By: AnalysisWatch

Short Term Trend: Bullish Targeting $1265; if broken, drives the price to the $1350 level.

Long Term Trend: Bullish above $1300

Gold markets were extremely boisterous amid last week and seem to endeavor to frame a decent uptrend line. Gold markets backpedaled and forward proposed that maybe we are preceding what could have been the start of an uptrend line. In addition to that, XAUUSD gained strength after the Fed rate hike last week on December 13 by 0.25%. CONTINUE READING

Sterling remains capped by 1.3450

Dec 15, 2017 11:21 AM GMT

By: AnaysisWatch

Long Term Trend: Bullish up-trend

After the BOE decision came by leaving the Interest rates unchanged the Sterling barely reacted because the result was widely expected and the vote was significant without any dissenter. The BOE sees that the economic indicators are softer than expected in the fourth quarter. CONTINUE READING

Unrefined petroleum markets keep on attracting a great deal of unpredictability

Dec 15, 2017 10:27 AM GMT

By: AnalysisWatch

Long Term Trend: Bullish –Up Trend above $59

Short Term Trend: Consolidation between $55.83 and $58.33

Technically, Oil Prices dropped at the beginning of yesterday’s session touching $56.09/barrel, and then recovered one dollar back to the $57.09/barrel during the day and formed a supportive candle indicator known as the “Hammer” on the daily chart.

Janet Yellen speech will continue to weaken the US Dollar

Dec 14, 2017 12:19 PM

By: AnalysisWatch

Long Term Trend: Bullish - Upward movement

The US Dollar lost 0.7% from its value and broke the rising value that made in the last 6 days because the rise in Interest rates by 0.25% was expected. The Fed projected three more hikes in 2018 and two in 2019. The voting on rate hike yesterday saw to opposing votes from Evans and Kashkari. CONTINUE READING

Gold Vs the Fed's Interest Rate!

Dec 13, 2017 11:09 AM GMT

By: AnalysisWatch

Short Term Trend: Bearish-Consolidation

Gold dropped to its lowest level since July 14 as investors is preparing themselves for the Fed's Interest Rate decision that is expected to be Hiking. Additional to the Interest rate decision there is some news that will be released earlier and may be the catalyst for the Gold to appreciate. CONTINUE READING

Dow Jones closing at new record highs after a terror incident in New York

Dec 12, 2017 11:47 AM GMT

By: AnalysisWatch

Long Term Trend: Bullish reaching 25,000 levels

The US 30 ran sideways with a somewhat uplifting mentality. We feel that the market will, at the end, go looking towards the 24,500 level above, and keeping in mind that it might require a while, in the long run, we ought to reach this price and higher.

Should You trade Bitcoin Futures?

Dec 11, 2017 10:43 AM

By: AnalysisWatch

BITCOIN Short Term Trend: Bullish

BITCOIN Long Term Trend: Bullish

After launching the CBOE for the first U.S. Bitcoin futures on Sunday, the price of the digital currency Bitcoin increased 10% and topped $16,600. CONTINUE READING

The EURUSD continues to look for support underneath recent levels

Dec 11, 2017 09:51 AM

By: AnalysisWatch

Short Term Trend: Neutral-Consolidation-Bullish

Long Term Trend: Bullish, but depends on breaking the top or the bottom of the bullish flag

The EURUSD couple gapped lower at the beginning of last week, and at that point cut through the 1.18 level. Hence, price reached towards the 38.2% Fibonacci retracement level from the recent move, and we accept as true that we will continue to see a lot of unpredictability between the 1.17 and 1.18 level. CONTINUE READING

Is the Pound behaving as investors expectations?!

Dec 8, 2017 1:21 PM GMT

By: AnaysisWatch

Short Term Trend: Recovering - Bullish

Long Term Trend: Bullish up-trend above 1.3505

The meetings in the European Court of Justice between the UK and EU finally could lead to a deal and move forward with the Brexit agreement as major news after completing the first phase, and as we are seeing day after day that the United Kingdom will survive leaving the EU. CONTINUE READING

Is Bitcoin the new "Safe Haven"?!

Dec 7, 2017 1:55 PM

By: AnalysisWatch

BITCOIN Short Term Trend: Bullish

BITCOIN Long Term Trend: Bullish

The BTC still appreciating according to the Fifth Bullish wave and according to the uptrend that has been drawn since 13 November.

Could Gold Recover?!

Dec 6, 2017 12:37 PM GMT

By: AnalysisWatch

Short Term Trend: Consolidation between $1263 and $1268

After the U.S Senate passed a tax reform bill this caused a drop in Gold prices to reach their lowest level in six-weeks 1260 Level.

Crude Oil prices faced a lot of volatility after OPEC’s decision to extend production cuts

Dec 6, 2017 11:13 AM GMT

By: AnalysisWatch

Long Term Trend: Bullish –Up Trend above $59

Short Term Trend: Consolidation between 57.09 and 57.91, held with Bearish Pressure

Crude Oil WTI prices demonstrated volatile consolidation on yesterday’s session between 57.09 and 57.91, upheld by OPEC's consent to extend production cuts through one year from now.

EURUSD Price Forecast and Fundamental Analysis

Dec 5, 2017 10:11 AM

By: AnalysisWatch

Short Term Trend: Neutral-Bearish

Short Term Trend: Consolidation - Bearish

The EUR declined slightly against the USD to close at 1.1870 and that because of the Sentix Investor Confidence result which was less than the expected. It was 34.0 last month and on December the results came 31.1 which show a big difference between the two months.

GBPUSD glides to 1.338 at the end of the Asian session

Dec 5, 2017 09:19 AM GMT

By: AnaysisWatch

Long Term Trend: Bullish above 1.36; heading towards 1.3650

Cable Loses Momentum around 1.3440

The Sterling is losing further ground at the end of the Asian session today on Tuesday and is now encouraging GBPUSD to drop to the next support on 1.3283. CONTINUE READING

Dow Jones 30 Price Forecast, Technical and Fundamental Analysis

Dec 4, 2017 2:04 PM GMT

By: AnalysisWatch

Short Term Trend: Neutral-Bullish Consolidation

Long Term Trend: Bullish reaching 25,000 levels

From the technical side, Dow Jones 30 broke the 24,000 level after breaking the resistance on 23737. By closing near the top of the candle with a small gap, it looks as if we are ready to continue the bullish run higher, and at this time, it looks like the 23,500 level is a bit of a support. CONTINUE READING

Bitcoin Vs. Money Laundering

Dec 4, 2017 12:05 PM

By: AnalysisWatch

BITCOIN Short Term Trend: Trading within the 5th upward wave

BITCOIN Long Term Trend: Bullish

A crackdown is launching by the ministers on the Bitcoin because it is being used to Money laundering and Tax Evasion.

Gold Prices slip to 2 weeks Low as dollar weighs

The EURUSD pair price action is formulating a long-term bullish direction

Dec 1, 2017 10:57 AM GMT

By: AnalysisWatch

Short Term Trend: Bullish Targeting a test for the resistance on 1282.92

“The Gold had dropped massively in the past two days from the highest 1297 and touched the 1270 level”

Dec 1, 2017 9:31 AM

By: AnalysisWatch

Long Term Trend: Bullish above 1.1967 targeting $1.2093 and $1.21645

The EURUSD has been exceptionally loud during the trading session on Thursday (yesterday), pulling back marginally towards the 1.1825 handle, and afterward shooting to the upside. CONTINUE READING

Unrefined petroleum Costs are somewhat WEAKER near resistance

Nov 30, 2017 12:13 PM GMT

By: AnalysisWatch

Long Term Trend: Bullish –Up Trend

Short Term Trend: Bullish to Start having a Slowdown Momentum at 59 level

From a technical point of view and regarding the Candle Stick Technical Analysis, Yesterday’s Engulfing Bearish Reversal plays a big role in today's appreciation. CONTINUE READING

Gold Technical chart started to register a series of higher highs targeting $1306 as an initial target

Nov 29, 2017 09:12 AM GMT

By: AnalysisWatch

Short Term Trend: Bullish Targeting $1306; if broken, drives the price to the Initial target of the Cup and Handle Technical Formation.

Long Term Trend: Bullish above $1267

“The Gold has indicated a short-term bullish track due to many technical elements”

The Crude Oil Short Term Trend started to have a reducing upward momentum due to some technical indications

Nov 28, 2017 9:06 AM GMT

By: AnalysisWatch

Long Term Trend: Bullish –Up Trend

Short Term Trend: Bullish-Start to have a Slowdown Momentum

From a technical point of view and regarding the Candle Stick Technical Analysis, Yesterday’s Bearish Dark Cloud Cover Candle hinted a short-term Top and Reversal Technical Scenario. CONTINUE READING...

The Dow Jones Industrial Average Stock Market Index may have a short-term bearish reversal

Nov 28, 2017 09:24 PM GMT

By: AnalysisWatch

Short Term Trend: Neutral-Bullish Consolidation

Long Term Trend: Bullish within a Top and Reversal Technical Formation

Dow is trading within a Rising Wedge Technical Formation increasing the expectations for a short term downward reversal towards a more strong historical support before the continuation of the long term bullish trend that may target the 25 000 area within the coming year....CONTINUE READING

The BITCOIN may cross over $10 000 zone facing a strong psychological level

Nov 27, 2017 11:40 AM

By: AnalysisWatch

BITCOIN Short Term Trend: Bullish Starting a New Bullish 5 upward waves

BITCOIN Long Term Trend: Bullish

A closer look at the latest price action shows the BITCOIN breaking above the previous historical high at 7902 motivating bullish traders to increase up long bets targeting new higher highs and targeting 10 000 points within the coming weeks. CONTINUE READING

Nov 21, 2017 9:05 AM GMT

By: AnalysisWatch