technical analysis

Lower Columbia coffee output bullish for coffee price Columbia coffee output declined in August. Will the coffee prices continue rising? Columbia coffee production in August 2019 amounted to 1.119 mln 60-kg bags, down 11.0% from 1.258 mln in the same month last year, data from the Fedecafe -...

Accelerating euro area private sector activity bullish for EU50 Euro-zone’s private sector activity expansion was stronger than expected. Will the DE30 stock index continue advancing? German strong trade data spurred hopes euro-zone economy is in better shape than feared. July trade surplus...

Improving Chinese economy prospect bullish for copper price China’s manufacturing sector resumed growth in August. Will the copper price advance continue? Caixin and Markit reported China's factory activity rebounded to a five-month high in August. Caixin China manufacturing purchasing...

Cocoa Tree Disease in West Africa Cocoa Research Institute of Ghana lowered its forecast for cocoa harvest in Ghana by 11% due to the viral disease of the trees Cacao swollen-shoot virus (CSSV). Will the cocoa quotations grow? The number of infected trees in Ghana is estimated at 16%. This...

Improving German private sector activity bullish for DE30 Germany’s private sector activity expansion was stronger than expected. Will the DE30 stock index continue advancing? German data lately were positive on balance: contraction in manufacturing sector slowed while the services sector...

Positive French data bullish for FR40 French private business sector expansion was better than expected. Will the FR40 advance continue? Recent French economic data were better than expected after weak June industrial production and balance of trade data: manufacturing sector expansion resumed...

Hurricane Dorian could damage Florida oranges harvest U.S. The Department of Agriculture (USDA) reported a reduction in citrus trees in Florida. Will the Orange quotations grow? The total area of citrus trees this year decreased by 4% compared with the previous year and amounted to 430.6...

Positive data bullish for DJI Durable goods orders in US rose more than expected as private sector continues expanding. Will the DJI stock index continue advancing? US data lately were positive on balance: durable goods orders rose in July, and expansion in services sector continued (albeit at...

Higher production and weak exports bearish for wheat US wheat production estimate was increased while export inspections slipped. Will the wheat prices continue declining? The US Department of Agriculture reported a 60-million-bushel revision upward of 2019/20 all-wheat production estimate in...

US and China are ready for new trade negotiations Global risks fell slightly due to signs of normalization of US-China trade relations. Will the EURCHF quotations grow? The upward movement indicates the appreciation of the euro and the weakening of the Swiss franc. Frank, along with the...

Turkish Central Bank lowers reserve requirements In this review, we suggest to consider the currency pair Euro against the Turkish Lira. Is the growth of EURTRY quotations possible? Such dynamics is observed with the weakening of the Turkish lira and the strengthening of the euro. The Central...

Getting ready for important events In this review, we suggest to consider the British pound against the Canadian dollar. Is the GBPCAD quotation growth possible? Such dynamics are observed with the weakening of the Canadian dollar and the strengthening of the British pound. The main positive...

The growth of gas reserves slowed down in the USA The increase in US natural gas reserves over the week was less than expected. Will the NATGAS quotations grow? According to U.S. Energy Information Administration (EIA), gas reserves for the week increased by 49 billion cubic feet with a...

Weak macroeconomic data was released in Canada Weak macroeconomic data had a negative effect on Canadian dollar rate. Will the correction of its quotations continue? On the USDCAD chart, the weakening of the Canadian dollar looks like a growth in quotations. Wholesale trade in Canada declined...

Getting ready for the meeting of the Central Bank of Turkey On July 25, 2019, the next meeting of the Central Bank of Turkey will be held, at which the rate may be reduced. Will the Turkish lira rate continue weakening? On the USDTRY chart, the weakening of the lira looks like a rise. The main...

Getting ready for parliamentary elections in the UK July 22, 2019 in the UK, members of the ruling Conservative Party will vote.Will the British pound quotations grow up? According to the results of the voting, not only the head of the British Conservative Party will be elected, but also the...

ForexInfoBook presents the weekly Forex technical analysis of GOLD,(XAUUSD), EURUSD and GBPUSD for 22 to 26 July 2019. Key data releases may provide direction to US Dollar. This could make Gold price reach its top and bottom trading ranges. EURUSD trading opportunity is seen with ECB Monetary...

Contraction in private sector bearish for HK50 Hong Kong’s private sector contraction continued in June. Will the HK50 decline? Recent Hong Kong economic data were weak after the positive trade report three weeks ago showing the trade deficit in Hong Kong continued to decrease in May. Retail...

Silver rises in price against gold The gold to silver ratio is adjusted down from the historical maximum. Will the decline of XAUXAG quotations continue? Such dynamics is observed when gold becomes cheaper, and silver becomes more expensive. The cost of gold fell against the strengthening of...

As expected in our previous week’s GOLD technical analysis, price consolidation and ranged trading was seen within the 1382 and 1434 levels. Our last week’s recommendation was to short GOLD above 1434 and BUY on reversal from 1385. The BUY side of the recommendation was triggered and enabled...