Admin – Page 7 – I Love Trading

Support and Resistance Levels – 28-Aug-2017

August 28, 2017 Admin

These are the observed support and resistance levels as of now for the following pairs. Time: 9:40 GMT EURUSD LEVELS 1.2040 1.2000 1.1970 1.1935 1.1890 1.1890 1.1865 1.1830 REMARKS Resistance Resistance Resistance Last Pivot Support Support Support USDJPY LEVELS 110.05 109.80 109.55 109.15 109.55 108.80 108.55 108.25 REMARKS Resistance Resistance Resistance Last Pivot Support Support Support GBPUSD LEVEL 1.2990 1.2950 1.2915 1.2890 1.2865 1.2865 1.2840 1.2815 REMARKS Resistance Resistance Resistance Last Pivot Support Support Support USDCHF LEVEL 0.9660 0.9615 0.9595 0.9541 0.9595 0.9495 0.9455 0.9430 REMARKS Resistance Resistance Resistance Last…

Gold Price forecast for the week of 28-August-2017

August 27, 2017August 27, 2017 Admin

Last week saw Gold trading in a tight range as the market waited for the comments from Fed Chair Yellen and ECB President Draghi. As Yellen did not give any clues of the monetary policy, Gold prices rose on Friday. Therefore the main fundamental factors diving the price of Gold at this time around are the fundamentals of US Dollar. As the economic data from US has been generally weak, US Dollar has extended its losses across the board. However, on the technical side, we have to note that Gold…

USDCAD forecast for the week of 28-Aug-2017

August 27, 2017 Admin

Fundamental Analysis A hawkish BOC and strong data from Canada has helped Canadian Dollar to remain steady. The pair fell sharply after Fed Chair Yellen failed to deliver any support to the US Dollar as she refused to give any hint of the monetary policy. Strong oil prices also give additional support to the Canadian Dollar. Additionally, if the incoming data fro Canada continues to be strong, it could encourage BOC to consider hiking rates again. In the coming week, if Canadian GDP data beats the expectation or if the…

EURUSD forecast for the week of 28-Aug-2017

August 27, 2017August 28, 2017 Admin

Fundamental Analysis EURUSD pair consolidated for the most part of last week until the comments given by Yellen and Draghi on Friday. The markets awaited in anticipation of the meeting at Jackson Hole, looking for clues from the central bank heads, of the monetary policy ahead. The markets expected Yellen to be hawkish to give some boost to the greenback. However she chose not to give such clues. The Dollar in turn weakened across the board sending the pair to the region around 1.1870 Even though Draghi did not say…

FX Week Ahead: Highlights Include Article 50 And Sterling, Q4 GDP And The USD

March 27, 2017 Admin

By Shant Movsesian (RANsquawk) and Rajan Dhall MSTA (RANsquawk/Tradingview) UK in the spotlight this week as Article 50 set to be triggered. Is this priced in to GBP? We’ll find out. The USD may start to find some support as key levels (against its major counterparts) near. Japanese year end on the Friday. Looking to next week, few can look past the impending triggering of Article 50 – on Wednesday – which is widely expected to produce a knee jerk hit on the Pound. Given the slow grind higher through…

Trump Issues An Ultimatum To House Republicans: Vote On Friday Or Obamacare Stays

March 24, 2017March 24, 2017 Admin

Update: Trump’s bluff may be working already. Following Trump’s ultimatum, Mark Meadows, chairman of the Freedom Caucus said that the healthcare bill has been improved, and that the Freedom Caucus will meet and discuss the revised bill. And while Meadows is maintaining a solid front for now, saying he is a “No” vote right now, with Trump having shone the spotlight fully on the Freedom Caucus, and thus providing republicans with a scapegoat should the vote fail tomorrow, we would not find it at all surprising if the Freedom Caucus…

China moves forward with its De-Dollarization strategy

October 24, 2016 Admin

Submitted by Stefan Gleason via The Mises Institute, The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance. Could gold also begin to emerge as a leading currency in world trade? Over time, it certainly could. But the more immediate implications for gold’s monetary role center on its increasing accumulation by central banks such as China’s. As of October 1st, the Chinese yuan has…

“Pounded” – How Not To Manage A Fiat Currency

October 17, 2016 Admin

Submitted by Alasdair Macleod via GoldMoney.com, Make no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to have to rise possibly for all currencies on a one-year view, sterling’s problems are the consequence of bad judgement, and perhaps intellectual arrogance on the part of the Bank of England’s Monetary Policy Committee. The MPC in turn is not and cannot be independent from the influence of Mark Carney, the Bank’s Governor, who made…

UBS Chairman Warns Central Bank Intervention Is Forcing Investors “To Make Bad Choices With Their Money”

October 10, 2016 Admin

With the endless jawboning from officialdom that 'everything is awesome' (or about to be) in a desperate attempt to keep the status quo fumbling along, it is once again refreshing when an ex-insider 'fesses up that, in fact, nothing is awesome and it's a total shitshow below the surface. UBS Chairman Axel Weber is a former policymaker at The ECB and was the president of Germany's Bundesbank. Speaking on the sidelines of ther annual meetings of the IMF and World Bank this weekend, CNBC reports Weber warning…that monetary intervention is…

US Futures, Bonds Rise, Dollar Dips As Fed, BOJ Meetings Begin

September 20, 2016September 20, 2016 Admin

If yesterday one could “explain” the overnight stock levitation due to the move higher in crude oil, today there is no such catalyst with WTI down modestly, and yet the broader push higher across European stocks and US equities has reappeared following yesterday’s muted close on Wall Street ahead of key central bank data on deck. Some have attributed the 0.4% rise in futures to the latest dip in the dollar, while a modest bond rally as the countdown to crucial policy decisions by the Bank of Japan and the…