The Global Markets were seen climbing on Thursday as traders digested the Federal Reserve statement following the Fed’s two-day policy meeting. FOMC Statement The Federal Open Market Committee decided to […] The post FOMC Statement & EIA Oil Report In Spotlight appeared first on | HY Markets Official blog. Related Posts:What’s next for markets amid […]
Measured Reaction to Historic Rate Hike Morning Report: 06.30 London • This morning, markets are continuing their measured reaction to the historic Fed meeting that saw the first 0.25% increase since the financial crisis. The increase was in-line with expectations, but more importantly, the forward guidance suggested moderate increases from here. The latter again was largely […]
Gold price started moving upwards yesterday heading resistance at $1,080 before the FOMC rate announcement, but bulls could not hold the price at that level, as it got rejected and pulled back amid the stronger US dollar. Blue lines – bearish channel Gold price tried to break out of the bearish channel, but got rejected. […]
Overview Silver price shows a slight bullish bias to approach from retesting the level of 13.96, positively influenced by stochastic that we mentioned in our last report, noticing that the indicator loses its bullish momentum accompanied by the mentioned level, which supports the chances for resuming the main bearish trend that moves within the bearish […]
Technical outlook and chart setups: Silver is trading around $13.86 now and is expected to face resistance at $14.00, which is Fibonacci 0.382 retracement of the recent drop from $14.60 to $13.64. The metal needs to break above $14.60 to relieve itself from the bearish pressure. Until then, bears are expected to remain in control […]
Technical outlook and chart setups: Gold is trading at $1,064.00 now after bouncing off the resistance turned support trend line at $1.058.00 earlier. The metal is bouncing off between the channel as depicted here and requires a breakout in either direction to determine the next big move. It is hence recommended to avoid taking fresh […]
Today is a big day for the Fed, and markets will most probably trade sideways as volatility is expected to rise after the FOMC announcement. A gold price pattern is not very hopeful for bulls but I believe the downside is also limited to just to a marginal new low towards $1,020. Blue lines – […]
Overview: Since our last analysis, gold has been trading sideways around the level of $1,065.00. In the daily time frame, I found a weak demand bar, which is a sign that buying looks risky. The trend is downward in the mid- and long terms. According to the H34 time frame, we can observe a buying […]
Fed Set For Historic Rate Hike Morning Report: 06.30 London • In reality, today is all about the Federal reserve meeting at 19.00. Any reaction to the morning economic items will be reversed or extended based on the FOMC announcement. Markets are pricing in a 0.25% hike, but it’s primarily the forward guidance that is of […]
Overview The silver price shows a bigger decline after confirming breaking the 13.96 level, reinforcing the negative scenario that its next targets located at 13.50 followed by 13.00, to keep the decline suggested for the upcoming sessions. The EMA50 continues to support the bearish wave organized inside the bearish channel that appears on image, which […]
Let’s talk about what to watch out for this week…and where it may be leading! Sharing is caring! To discuss topics from the video, please visit our Facebook or YouTube channel. The post Hot Topic – OIL appeared first on Forex.Info.
Overview: Since our last analysis, gold has been trading downwards. As I expected, the price tested the level of $1,058.58 in a high volume. In the daily time frame, I found an inside-bar formation with a support at the level of $1,058.15 and resistance at the level of $1,088.50. The trend is downward in mid […]
Gold has broken the short-term triangle consolidation to the downside generating a short-term sell signal. Gold price can now move lower towards $1,020-30 to reach a new lower low. Green line – support (broken) Black line – resistance Gold price is trading below both the support trend line and below the Ichimoku cloud. This is […]
Oil Hits Crisis Lows as Eyes on Fed Morning Report: 06.30 London • This morning, markets are still absorbing the impact of oil prices hitting a seven year low, while traders await tomorrow’s FOMC meeting results. • The US dollar continues to back off, along with the USD/JPY as markets expect […]
Gold was still affected by overnight losses sustained Tuesday as investors expected the Federal Reserve to raise interest rates for the first time since June 2006. Higher rates are awaited to bolster the US dollar but weaken the demand for the yellow metal. Spot gold closed at $1,064.20 an ounce, up 0.2% on Monday. Gold […]
Technical outlook and chart setups: Silver continues moving in the downtrend hitting lower lows and lower highs. A low of $13.63 was reached yesterday. The metal needs to move above at least $14.00 and $14.60 subsequently to confirm that bulls are back in control. It is recommended to remain flat now and wait for further […]
Technical outlook and chart setups: Gold dropped to the level of $1,058.00/59.00 yesterday before pulling back higher again. The metal is trading at the level of $,063.00 at the moment looking for an opportunity to break above the level $1,080.00. The yellow metal is trading within a channel after having broken out of immediate trend-line […]
Overview Silver price ended last week trading below the level of 13.96, which puts the price under the negative pressure in the upcoming period, opening the way towards 13.50 and then to 13.00 as next major targets. The EMA50 negatively influences the price, while stochastic gradually loses its bullish momentum to support the suggested bearish […]
Technical outlook and chart setups: Silver is trading around the level of $13.67 at the moment dropping below $13.76. Fresh lows have been reached today, but bullish divergence remains on the daily chart view (not shown here). The metal is expected to produce a counter-trend bounce any time soon, but it is recommended to remain […]
Technical outlook and chart setups: Gold reached intraday lows at the level of $1,065.00 before pulling back higher again today. The yellow metal is trading around $1,067.00/68.00 now. We expect it to hit a highs of $1,115.00 until prices stay broadly above $1,062.00 and subsequently above $1,045.00. It is hence recommended to remain long from […]
Overview: Since our last analysis, gold has been trading sideways around the level of $1,068.00. In the daily time frame, I found an inside-bar formation with support at the level of $1,058.15 and resistance at the level of $1,088.50. A trend is downward in mid and long term. According to the H1 time frame, we […]
Crude oil price had its steepest weekly drop of 2015 to date after an economic report forecasts more doom and gloom for the ‘black gold’. The report released on Thursday by the International Energy Agency (IEA) pointed the ongoing crude oil volume glut in global markets and forecasted that it is weighing on demand levels. […]
Gold price remains under pressure, and we have not seen yet another breakout or bullish signal. This will happen only if the price breaks above $1,080. Gold price has stopped moving to lower lows and this increases the chances of a weekly bounce towards at least $1,120. Black line – resistance Green line – support […]
Asian markets are dropping on Monday amid growing worries about the stability of the junk-bond market and tumbling oil prices. The declines in Asia came after the S&P fell 1.9% on Friday, the biggest daily drop since September as the price of U.S. crude oil fell below $36 a barrel. Investors were also cautious before […]
Markets Eye Wednesday Fed Morning Report: 06.30 London • Everything coming before this Wednesday’s Fed meeting is likely to be overshadowed, as the Fed prepares to raise interest rates for the first time since the financial crisis. Expectations are for just a 0.25% rise, but there is still an outside chance of no change whatsoever. As […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,062.32. In the daily time frame, I found an inside-bar formation with support at the level of $1,058.15 and resistance at the level of $1,088.50. Our daily SMA10 is flat. According to the H1 time frame, I placed Fibonacci […]
Technical outlook and chart setups: Gold dropped to the level of $1,062.00 as expected and bounced back. The metal is trading at $1,066.00 at the moment, we expect to see bullish recovery from here. Please note that the rally from $1,045.00 to $1,090.00 has been retraced to Fibonacci 0.618 support level and bulls should now […]
Technical outlook and chart setups: Silver dropped lower as we had expected, and is trading around the level of $13.95 now. Also please note that the metal is testing the back side of the resistance trend line, which is support now. Furthermore, the Fibonacci 0.786 support of a rally between $13.80 and $14.60 is also […]
Overview: The silver price crawls downwards gradually to test the key support at 13.96, as the EMA50 places the price under negative pressure. Stochastic shows positive signals now that might help to protect the mentioned support. Therefore, this contradiction of the technical factors makes us stay aside temporarily in order to monitor the price behavior […]
Gold price pulled back towards $1,066 yesterday as we expected in order to test the short-term Ichimoku cloud support. Only a breakout above $1,084 can give a bullish signal with $1,120 acting as a target. Blue line -support Black line – resistance Green line – projection Gold price is still above the short-term Ichimoku cloud […]
