Fundamental Analysis

I suspect it is no coincidence that the day that Bitcoin futures officially started trading, gold prices dropped in an otherwise sideways overnight session in most markets. The Commitment of Traders R...
Fundamental Analysis

It isn't often that a hairline fracture is regarded as good news, but in the case of Brent Crude, it was. Brent Crude raced higher by 2.0% overnight as news broke that the North Sea's Forties Pipeline...
Technical Analysis

Yesterday's trading session ended exactly as expected. Initially, the Euro was climbing against the Dollar. However, once the currency rate has reached combined resistance formed by the weekly and mon...
Technical Analysis

In result of the previous trading session the cable made a rebound from a combination of the 55-, 100- and 200-hour SMAs as well as the weekly PP at 1.3415 just as expected. ...
Technical Analysis

In line with expectations, the falling 55-hour SMA did allow the bullion to recover against buck. As a result, the rate was forced to find support at the 50% Fibonacci retracement level located at 1,2...
Fundamental Analysis

The Greenback depreciated against the Euro on a slightly weaker number of job openings for October reported on Monday. The EUR/USD exchange rate rose 10 base points to the intraday high at 1.1805. Tho...
Technical Analysis

NZDUSD (0.6925): The NZDUSD currency pair closed bullish yesterday as price action is looking to maintain the bullish momentum. Following the consolidation off the triangle pattern formed near the bot...
Technical Analysis

USDJPY (113.50): The USDJPY attempted to post further gains but with price action closing with a doji candlestick pattern on the daily chart, we expect the rally to stall in the short term. The downsi...