GOLD Weekly review December 08-12, 2014

  Reuters reports, Gold fell more than 1 percent on Friday, after U.S. November non-farm payrolls data beat forecasts, fueling expectations that the Federal Reserve will raise interest rates sooner rather than later and lifting the dollar. Labor Department data showed the U.S. economy added 321,000 new jobs last month, the largest number in nearly three years, and wages increased. That … [Read more...]

Forex News Trading Events For The Week of December 8th – 12th

    https://www.youtube.com/watch?v=gszGg7Xf3TY   Here is a summary of what to expect this week This week’s “high impact” news events that I will be looking to trade are as follows; Thursday 11th December 2014 CAD – BoC Gov Poloz Speaks – 01:00pm What we are looking for here is for Governor Poloz to be his usual dovish self, bearing in mind the negative … [Read more...]

FOREX PRO WEEKLY REPORT January 27-31, 2014

Monthly Emerging market currencies were battered on Friday as global investors scrambled for shelter from a broad financial markets sell-off by buying dollars, yen and Swiss francs. The Japanese yen surged to a seven-week high against the dollar, while the Swiss franc touched a four-week peak against the euro as U.S. stocks tumbled and safe-haven Treasuries gained. "The adjustment process is … [Read more...]

This week forex news to watch

-–––—————   Thursday, January 2   —————–––- Happy Trading UK Manufacturing PMI 4:28am NY time DTS USA Manufacturing PMI 10:00am NY time FNG + DTS … [Read more...]

FOREX UPDATE WEEKLY December 16-20, 2013

Monthly The dollar rose for a second straight session against the euro on Friday, as investors began pricing in the possibility that the U.S. Federal Reserve could announce a small reduction in its massive stimulus at next week's meeting. While market participants in general expect the Fed to start paring back its stimulus no later than March, a growing number expect a reduction in the Fed's … [Read more...]

FOREX PRO WEEKLY November 18-22, 2013

Monthly So, as Reuters reports The safe-haven dollar and yen fell on Friday after Federal Reserve Vice Chair Janet Yellen lifted investor appetite for riskier assets by defending the U.S. central bank's current stimulus measures. Yellen, speaking at her confirmation hearing before the Senate Banking committee on Thursday to take over from Fed Chairman Ben Bernanke, said the Fed will keep its … [Read more...]

EUR/JPY Daily Outlook

The breach of 98.53 minor support was brief and EUR/JPY quickly recovered. Indeed, the strong of the rebound and bring of 99.96 minor resistance indicates that whole corrective rise from 95.64 is still in progress. Intraday bias is mildly on the upside for 101.62 and above. Nonetheless, we're still expecting strong resistance from 61.8% retracement of 108.00 to 95.64 at 103.27 to finish the … [Read more...]