USDCAD trading idea for the week of 11 September 2017

USDCAD trading idea for the week of 11 September 2017

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.

Read More

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

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

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…

Read More

Gold Price forecast for the week of 4-September 2017

Gold Price forecast for the week of 4-September 2017

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…

Read More

EURUSD could face some headwinds through the round figure 1.2000

EURUSD could face some headwinds through the round figure 1.2000

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…

Read More

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

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

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…

Read More

USDCAD forecast for the week of 28-Aug-2017

USDCAD forecast for the week of 28-Aug-2017

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…

Read More

EURUSD forecast for the week of 28-Aug-2017

EURUSD forecast for the week of 28-Aug-2017

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…

Read More

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

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

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…

Read More

Trend Trading Versus Mean Reversion Trading (Video)

Trend Trading Versus Mean Reversion Trading (Video)

By EconMatters It is important to know your market well, and identify which catalysts are drivers for supporting a Reversion to the Mean Trading Strategy that you can assign probabilities, timeframe and position sizing around in constructing a viable investing model. The most important factor in any Mean Reversion Trading Strategy is in controlling the Risk Element, i.e., what is your cutoff strategy for the trade.   © EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle    

Read More

Silver Market Set To Break Out Above 20 Dollars (Video)

Silver Market Set To Break Out Above 20 Dollars (Video)

By EconMatters The Silver Market really broke out this week, far outpacing Gold, and is the market to watch in my opinion going forward regarding more “Central Bank Currency Devaluation QE Stimulus Initiatives” and the resultant implications for financial markets.   © EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle    

Read More