Current rate – 1.10617 (%change) – (-0.59%) Day range – 1.1055 / 1.1135 As we seen on the chart above EUR/USD is sliding slightly down from 78.40% fib level to 50.00% fib level with barely break in the recent level which is the 50% fib as we said, meanwhile there we can located … More EUR/USD ; DAILY CHART
The yellow metal is trading near three-month highs and has been above $1,100 per troy ounce for the last week and a half as global equity markets try to find their footing. Gold is generally thought to move in the opposite direction of the U.S. dollar and interest rates. It was little changed … More All gold everything . . ?!
→ The market situation suggests that gold is one of the beneficiaries of the market asset’s,gold held its ground near a three-month high as losses in global equities and oil fanned haven demand and investors reduced expectations of further U.S. rates rises. Standard & Poor’s said Friday’s soft fourth-quarter U.S. GDP report indicated that the … More Gold.., the best commodity for now ..?!
It would take a move up through $35, near the December low, to indicate a more significant corrective rally is under way. That’s the area of immediate resistance but it’s a long way from where we are now. Energy shares rallied with oil prices on Friday, leading gains on the MSCI AC Asia Pacific … More Rally for Oil ?!
For investors, the idea that global economic growth will be lower, not just for longer, but forever, is daunting. They begin to worry that the doomsayers have it right and that we are heading for another economic meltdown. That’s the wrong fear. Because central banks are convinced that printing money is the way to go … More Slow growth are sad for the big investors..
Current rate – 123.382 S1 – 121.030 R1 – 123.382 The USD/JPY breakout has stalled at former support (the line that extends off of the early 2015 lows). The rally from the August low also consists of 2 … More USD/JPY ; H4
S1 1.32178 R1 1.33958 Prev Close: 1.3362 Current rate – 1.3359 0.0002 … More USD/CAD H1
EUR/USD – current rate – 1.0645 Trend – Down S1 – 1.0631 R1 – 1.0724
Before then, we have an abnormal week ahead of us, with the US Thanksgiving Day holiday on Thursday, shuttering US bond and equities markets and leaving markets lacking liquidity all the while. In recent years, as is typical, the low liquidity conditions have led to sporadic price movements. These choppy conditions can prove to … More EUR/AUD; TECHNICAL 4H
On the 4-hour chart below, we can see near-term support off of the 186-region. Traders can look to place stops below the 38.2% Fibonacci retracement of this most recent move around 185.50, with top-side targets at 186.38 (the 61.8% retracement of that same move), 186.87 (the 76.4% retracement), and then 187.50 (major psychological level, … More GBP/JPY Technical Analysis: From One Trend to Another