Fundamental Analysis – Page 4

Gold Trading Idea for the week of 18 September 2017

September 17, 2017September 17, 2017 Admin

Price of gold fell last week due to the risk-off sentiment and a modest recovery of US Dollar. Even though things have calmed down, they are not over yet. Any escalation of the situation with North Korea will change the risk sentiment in the market. Having said that, we can see that Gold fell, slicing through $1330 level. Trading idea What we suggest is to wait until a supportive candle forms on the daily or the h4 chart around the blue trendline or even stronger yet if the supportive candle…

GBPUSD Trading idea for the week of 18 September 2017

September 17, 2017 Admin

GBPUSD continued with its strong upward momentum that that had been the case for the past few weeks, and in fact it exploded to the upside last week. The fall of GBP since mid year 2016 had been mainly due to worries around the uncertainties of Brexit. However, this fear had subsided for now and inflation has become the main focus. As a result of that BoE had become more hawkish in their meeting last week. The result of this was the explosion to the upside last week. Trading idea…

USDCAD trading idea for the week of 11 September 2017

September 10, 2017September 10, 2017 Admin

Bank of Canada surprised the markets on Wednesday, 6 September. As a result of that USDCAD sliced down through an established weekly uptrend line. At this point, selling the rallies is the way to go. Any exhaustive candle formed after a rally is an opportunity to sell, unless the pair can go back above the mentioned uptrend line again, which is far fetched at this moment. 1.20 is a psychological support level, a break below it could send the pair further down to 1.18 level and even to 1.15 level.

EURUSD Forecast and Trading Idea for the week of 11 September 2017

September 10, 2017September 10, 2017 Admin

Fundamental & Technical Analysis The EUR/USD pair broke out to the upside last week, it broke above the top of the shooting star from the previous week. Even though it pulled back a bit it was able to close above the 1.20 level. Therefore the traders would most likely buy on dips to gain value. The market is a bit overbought, but the interest rate expectations out of the Federal Reserve are diminishing at the moment, and that should continue to favour the EUR. Ultimately though, we are overbought, so…

Gold Price forecast for the week of 4-September 2017

September 3, 2017September 3, 2017 Admin

Technical Analysis Gold price broke out of the consolidation area, to the upside of 1300 level. This level had been a massive resistance area for quite sometime. By closing the weekly candle clearly well above 1300 indicates that it is trying to continue to the upside. At this point, short-term pullbacks can offer value as 1300 level will now be that strong support. Fundamental Analysis Price of Gold needed a push strong enough to drive it to the upside. Many attempts failed before it finally broke to the upside last…

EURUSD could face some headwinds through the round figure 1.2000

August 29, 2017August 29, 2017 Admin

As expected, the EURUSD pair continued to move higher due to dollar weakness that was carried over from Friday. This weakness in the dollar has been due to the failure of Yellen to address monetary policy during her speech on Friday and also due to the fact that Draghi also did not choose the address to talk anything about the strong euro in his speech as well. In the past, European officials have been known to talk down the Euro if they see it appreciating too much. Draghi also spoke…

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…