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Forex Blog

Weekly Forex Technical Analysis (Jan 21 — Jan 25, 2019)

Sat, 19 Jan 2019 9:51

EUR/USD

Floor pivot points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.1179	1.1266	1.1316	1.1403	1.1452	1.1539	1.1589

Woodie's pivot points

2nd Sup	1st Sup	Pivot	1st Res	2nd Res
1.1257	1.1297	1.1393	1.1434

...

EUR/USD Declines amid Speculations About US Tariffs Rollback

Fri, 18 Jan 2019 19:20

EUR/USD declined today even as the US consumer sentiment worsened significantly this month. Yet the improving industrial production helped the dollar to gain on the euro. Another reason for the dollar's strength was the rumor that the United States are considering lifting tariffs on Chinese imports. Industrial production rose 0.3% in December...

EUR/USD Little Changed Despite Disappointing Eurozone Inflation, Positive US Data

Thu, 17 Jan 2019 18:45

EUR/USD was little changed today even after the inflation print released in the eurozone came out below expectations (event A on the chart), while US macroeconomic indicators surprised positively. Philadelphia Fed manufacturing index jumped from the revised reading of 9.1 in December to 17.0 in January. Analysts had...

Forex News

US Dollar Ends Week Strong on Hopes for Improvement in Sino-US Trade Relationships

Sat, 19 Jan 2019 15:03

The US dollar was one of the strongest currencies during the trading week, mostly due to the optimism about Sino-US trade negotiations. Surprisingly, the Great Britain pound was also strong despite the unfolding Brexit drama.

Canadian Dollar Firm After Better-than-Expected CPI Release

Fri, 18 Jan 2019 21:57

The Canadian dollar managed to gain on most of its major rivals today, excluding the US dollar, thanks to the better-than-expected inflation print released by Statistics Canada during the trading session.

US Dollar Gains on Mixed Data, China Trade News

Fri, 18 Jan 2019 16:43

The US dollar gained momentum on Friday, extending its gains over the past week. The greenback edged higher on mixed economic reports were released and breaking news that China is offering a $1 trillion-a-year olive branch on imports that could end the trade war almost immediately.

Commodity Blog

Positive Fundamentals Lead to Daily & Weekly Gains for Crude Oil

Fri, 18 Jan 2019 21:25

Prices for crude oil rallied strongly on Friday due to a range of positive fundamental factors. The commodity was also heading to weekly gains. One of such factors...

Gold Poised for Weekly Loss As Risk Appetite Reignites

Fri, 18 Jan 2019 15:53

Gold futures are tumbling at the end of the trading week and are on track to record a tepid weekly loss. With optimism over a potential US-China trade deal...

Natural Gas Surges 4% on Big Drop in US Supplies, Brutal Cold

Thu, 17 Jan 2019 16:12

Natural gas futures surged as much as 4% on Thursday after the US government reported a steep decline in domestic inventories of the energy supply. Natural gas prices...

Forex Video Zone

The Darwinian Race of the Markets

Fri, 18 Jan 2019 15:24

In this video, you will hear about the idea the Darwinian race of the markets. Charles Darwin created the evolution theory using random mutation crossover and natural selection. How does it apply to the financial markets? The process of selection defines good traders from bad traders. The mechanism of markets works in such a way that good traders consistently win and remain in the game. But traders are constantly cleared out. It is...

EUR/USD and GBP/USD Forecast — January 18th 2019

Fri, 18 Jan 2019 15:19

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 18th session. EUR/USD — Thursday session saw the market pull back a little. It looks like the market is attempting to form a rounded bottom pattern. The 200-day EMA could offer resistance from above. Below the 1.14 level, it looks supportive. So, the markets could consolidate for a while. Buying on dips in the short-term is...

Gold Forecast — January 18th 2019

Fri, 18 Jan 2019 15:15

In this video, the Trader Guy looks at the commodity, gold for the January 18th session. Gold/USD — Gold rallied a bit after the headlines came out regarding the lifting of trade sanctions by the Americans against the Chinese. However, this caused the weakness in the greenback. Gold is going through a consolidation. A break above the 1,300 level will prove to be bullish. This is a market that could attract short-term buyers...