Fundamental Analysis – Page 3

GBPUSD trading idea for the week of 23-Oct-2017

October 21, 2017 Admin

Technical Analysis GBPUSD fell down significantly but not enough to break the weekly up trend line. In fact the pair found support before touching the trendline. This makes us believe that the pair is in fact trying to build enough momentum to go higher to test the resistance of 1.3650. Bank of England is likely to raise interest rates. The Cable will likely to see continued bullish pressure. Trading Preference. Our preference is to buy this market until the uptrend is broken and also until 1.30 level is also broken….

Gold trading idea for the week of 16 October 2017

October 14, 2017October 14, 2017 Admin

Technical Analysis We can see that, Gold has rallied significantly after the hammer that was formed the previous week as shown in the chart below. In fact it closed the week above 1300 resistance level. Fundamental Analysis The economic data that is coming out of US are not overly impressive. There are also unsettled geopolitical tensions that could move gold markets higher. Trading preference With the technical showing a good setup for the gold to go higher and with fundamentals also not opposing this setup, our preference is to go…

GBPUSD Trading Idea for the week of 9-October-2017

October 8, 2017October 8, 2017 Admin

The Cable has been a currency that takes its turns in primary trend changes from the political events most notably from Brexit uncertainty for quite some time now. In the face of recent inability of the government of Teresa May to get any substantial break-through out of negotiations with EU. This, together with an overall hawkishness from Feds in USA has resulted in a massive fall last week. The pair could not break above the strong resistance of 1.3650, and has fallen towards the round figure of 1.30. A break…

Gold trading idea for the week of 2-October-2017

September 30, 2017 Admin

Last week, Gold fell significantly after reaching around 1315 level and now sits well below 1300 level. This could be due to Feds who decided to be hawkish recently, rising the possibilities of one more rate hike this year. The kind of candle from last week is what some might call a ‘kangaroo tail’ which suggests a higher possibility of a continuation of the prevailing trend rather than reversal. Therefore it is likely that Gold is headed towards 1250 level. However, if it can break above the top of the…

EURUSD Trading idea for the week of 2-October-2017

September 30, 2017 Admin

EURUSD pair fell during the first few days of last week but during Thursday and Friday, it formed bullish candles. Fundamental Analysis European Central Bank looks like they could begin their tightening policy soon. Even thought Feds are also hawkish at this moment, the favour is likely to be on the the Euro as the data coming from US are mixed. Technical Analysis As daily bullish candles have been formed for Thursday and Friday, it looks likely that the pair could go higher from here as shown in the chart….

GBPUSD Trading Idea for the week of 25 September 2017

September 23, 2017September 24, 2017 Admin

Fundamental Analysis British Pound acquired strength last week from some of its own fundamentals as the UK government managed to get the Brexit bill passed through Parliament smoothly and so far, they have handled the process very well. We also had reports that the PM May had offered 20 billion euros in return for free market access and this was positive news for the UK economy and this helped to keep The Cable strongly bid for the week. The economic data coming out of UK was also positive for the…

USDCAD Trading Idea for the week of 25 September 2017

September 23, 2017 Admin

Technical Analysis USDCAD is currently at a level where it has retested the massive uptrend line that had been recently broken. After the retest the pair actually has retreated a little bit. We can also see that the price is capped by a downtrend line which has been tested and seemingly respected. Fundamental Analysis Bank of Canada is likely to continue to be aggressive given that the economic numbers coming out of Canada continues to be good in general. Unless price of crude oil rolls over to the downside, Canadian…

Jamie Dimon warns that Governments will close down bitcoin and cryptocurrencies if they get too big

September 22, 2017 Admin

Eventually governments will close down cryptocurrencies: JPMorgan CEO Eventually governments will close down cryptocurrencies: JPMorgan CEO JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large. “Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down,” Dimon said during an interview with CNBC-TV18 in New Delhi on Friday. Dimon was concerned that with…

AUDUSD looks like it is headed towards 0.7870

September 21, 2017 Admin

The AUD/USD pair fell to its lowest in three weeks, reaching as low as 0.7916. The Australian Dollar was hit by comments from RBA’s Lowe, who repeated that that rises in global rates do not have automatic implications for Australia, somehow indicating that the current on-hold stance will be extended. Also, affecting the commodity-linked currency were gold prices, which has now broken the support at 1300. In the short-term, the pair is set to extend its slide, with the next relevant support being 0.7870, the low set on August 31st….

Gold Trading idea for 21 September 2017

September 21, 2017 Admin

Price of gold has broken down below 1300 support level. Spot Gold hit new low at $1293 today, in extension of Wednesday’s fall after Fed signaled possible additional rate hike this year. Trading idea. Since it has broken down the important support level of 1300, and the fed is seen as hawkish, we expect the price of gold to drop to the levels of 1282.