The Golden Week refers to the 7-day national holiday celebrated in mainland China and some of its territories. This was officially implemented by the Chinese government in 2000 as a way to boost local tourism and allow people to visit their family in other parts of the country. It starts off during the National Day […]
Dollar in Biggest Plunge for 7 Years Morning Report: 06.30 London • This morning, the US dollar is still reeling after its biggest sell-off in seven years yesterday. Recent data rasied concerns about the strength of the US economy, while Bill Dudley, the NY Fed president hinted that the tightening of economic conditions needs to […]
The oil price collapse was one of the biggest stories of 2015. It caused ripples and shocks throughout the global financial system, as energy exporting nations, shareholders and oil and gas companies all felt the brunt of the deepening bear market. If the first trading week of the year is any indication, 2016 may be […]
Oil Retreats Below $33 Morning Report: 06.30 London • Retreating commodities are behind some of the big movement this morning, as oil prices closed below $33 once again. • The Australian and New Zealand dollars are the main movers, with the AUD/JPY off by 0.50% […]
Oil is once again ongoing a severe drop in value with the prices now under $30 after rebounding to 34.70 last week. As a result, US stocks underwent through a sharp selloff with DOW dropping -1.8% and SP500 -1.87%. The drop was led by energy stocks along with Financials. The risk aversion, is benefiting JPY […]
Aussie Weakens after In Line RBA Morning Report: 06.30 London • This morning, the Australian Dollar is biggest mover despite a generally in-line meeting from the Reserve Bank of Australia which opted to keep rates on hold at 2.00%. Of greater concern might be the weakening in commodities. […]
Gold price made another new higher high confirming the bullish trend. We are approaching an important resistance area between $1,130-40. Bulls need to be very cautious and raise their stops. Blue lines -bullish short-term channel Black lines- medium-term bullish channel Gold continues to trade above the Ichimoku cloud. Support is at $1,115. Breaking below that […]
Overview The silver price keeps fluctuating near the 14.30 level and it has not shown show any strong move since morning. Therefore, there is no change in the sideways trading scenario that confines the price between the 13.65 support and 14.40 resistance, waiting for a breach of one of these levels to detect the next […]
Overview: Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1.123.95 in a high volume. An intraday short-term trend is upward. So, selling looks very risky. Also. the pair is trading well above all key MA`s (SMA 50,100,150,200) in the H4 time frame. The take-profit zone […]
Stocks Report: Microsoft Corp Microsoft broke resistance levels 53.00 and 54.00 Likely to rise to 57.00 Microsoft recently rose with the sharp upward gap – breaking through the resistance zone […] The post HY Newsletter – Microsoft Broke Resistance Levels appeared first on | HY Markets Official blog. Source: HY Markets News Related Posts:November 7, […]
Technical outlook and chart setups: Silver is trading in the area around $14.35 now. We expect it to face interim Fibonacci resistance. The metal is expected to drop lower towards $14.00 before resuming its previous rally. On the flip side, a push through the levels of $14.50 on the higher side, would open doors to […]
Technical outlook and chart setups: Gold is trading around the levels of $1,123.30 now and it is likely to face resistance here.The yellow metal is expected to produce an up garter and complete a corrective drop lower before rallying towards fresh highs. Also as seen on the daily chart, the metal is facing resistance around […]
China Falls In Line Morning Report: 06.30 London • Markets are relatively quiet this morning after Chinese manufacturing data came in roughly in line with expectations. The US Dollar appears to be the big winner so far as traders arrest some of the decline seen over the last week or so. […]
Gold price is moving higher inside the short-term upward sloping channel. A trend remains bullish as long as the price is above last week’s low of $1,108. The area of $1,130-35 is a bullish target now. Blue lines – bullish short-term channel Black lines – medium-term bullish channel Gold price remains above the Ichimoku cloud. […]
Caledonia Mining had better than planned production numbers in 2015 as well Endeavour Silver was stable in one of the toughest precious metal price environments in the last 40 years, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#174828 […]
Overview The silver price declined strongly yesterday, breaking the 14.27 level, and has settled at a daily close below it. This stops the positive overview suggested in our recent reports and puts the price inside the sideways range again, waiting to breach one of the lines represented by the 13.65 support and 14.40 resistance to […]
Overview: Since our last analysis, gold has been trading sideways at the level of $1.114.00. An intraday short-term trend is neutral, but the short term trend is upward. It seems like that our strong support at the price of $1,109.00 held very successful.Also. the pair is trading well above all key MA`s (SMA 50,100,150,200) according […]
Gold price continues pulling back towards support of $1,110-$1,105 as it trades inside a short-term upward sloping channel. Yesterday, I warned bulls to be cautious as our target was reached. Yellow lines – short-term bullish channel Blue line -bullish channel Gold price continues to trade above the Ichimoku cloud inside the bullish channel, but is […]
Technical outlook and chart setups: Silver is testing the resistance-turned-support line of a consolidation around $14.25. The metal could hit a higher low at $14.20 yesterday looking for an opportunity to test $14.60 levels again. Please note that a successful test here should enable bulls to gain control of the market again with prices exceeding […]
EUR/USD Intraday: turning down. Pivot: 1.097 Most likely scenario: short positions below 1.097 with targets @ 1.086 & 1.082 in extension. Alternative scenario: above 1.097 look for further upside with 1.1 & 1.102 as targets. Comment: the RSI is badly directed. Gold spot Intraday: under pressure. Pivot: 1123 Most likely scenario: short positions […]
Japan Turns Negative Morning Report: 06.30 London • Yen pairs are rocketing higher this morning after the Bank of Japan opted to set negative interest rates in a shock move. Rates now stand at -0.1% in a bid to combat inflation and the rising Yen. The Yen pairs are the biggest movers, with the AUD/JPY […]
Technical outlook and chart setups: Gold formed a bottom around $1,108.00/09.00 and then reversed. The metal is trading around the level of $1,115.00/16.00 now looking for a way to push higher towards $1,136.00 at least. An overall bullish structure still remains intact in the yellow metal chart. Gold bounced off a trend line support, Fibonacci […]
Overview The silver price continues fluctuating around the sideways range resistance, while stochastic approaches the oversold areas. This keeps the bullish trend scenario valid and active for the rest of the day, waiting to target 14.67 followed by 15.30 levels on a near-term basis. Breaking 14.27 will stop the suggested rise and put the price […]
EUR/USD Intraday: bullish bias above 1.085. Pivot: 1.085 Most likely scenario: long positions above 1.085 with targets @ 1.094 & 1.0965 in extension. Alternative scenario: below 1.085 look for further downside with 1.082 & 1.08 as targets. Comment: the RSI is well directed. Gold spot Intraday: bullish bias above 1115. Pivot: 1115 […]
Overview: Since our last analysis, gold has been trading upwards. As I anticipated, the price tested the level of $1,127.87 in a high volume. An intraday short-term trend is upward. The price broke our resistance level of $1.111.50 and I found successful re-test, which is a sign that we may see further upward movements. Also. […]
Gold price reached our target at the upper channel boundary and reversed. A trend however remains bullish and there are still chances of a move even higher towards $1,150. Black lines – bullish channel Gold price reached the upper channel boundary. The target is achieved. The price remains above the cloud heading towards the important […]
Technical outlook and chart setups: Gold pushed higher and finally hit its initial extension at $1,125.00 seen in the H4 chart. The metal is correcting lower now looking for an opportunity to form a base around $1,110.00/11.00 and up to $1,106.00 before resuming its rally. Please note that the yellow metal is poised to push […]
Technical outlook and chart setups: Silver has broken out of the consolidation zone and managed to reach fresh highs at the level of $14.50/60 before pulling back. The metal is trading around $14.44 now looking for an opportunity to test the consolidation resistance line, which is support now, around $14.30 as depicted on the H4 […]
Overview According to the attached H4 chart, the silver price has managed to breach the sideways range’s resistance level at 14.40 and closed yesterday’s trading above it. This activated the correctional bullish scenario on an intraday and short-term bases, opening the way towards targets at 14.67 and 15.30. Therefore, the bullish trend will be preferred […]
Overview: Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,122.73 in a volume above the average. An intraday trend is upward. The price broke our resistance level at $1.111.50 and I found successful re-test, which is a sign that we may see further upward movements. […]
