Forex Trading Online

Minor descending triangle breakout


The pair manages to form a minor base at 1.3280 rounded gave an upside breakout of the small descending triangle. Trading resistance seems at 1.3350, 1.3380 and 1.3440 The pair must close above the previous high seems at 1.3460 rounded last week’s attempt was failed high made only 1.3435. Until the price holds the 1.3280 bullish bias remain […]

GOLD likely to retest the earlier tra...


The Thursday trading was subdued and today as well truncated trading day. The USD index closed below 100 mark pushed the metal price to shift to consolidate mode ahead of next week’s NFP data. Scotiabank (ScotiaMocatta) that “We are closely watching the dollar, because it is possible catalyst for gold. The dollar index is nearing […]

UK, GDP in focus


The cable is trading at six-month lows remains on bearish bias at all time frames ahead of the GDP second estimate of 3Q. GDP:  Compared to a year ago the UK economy grew 2.3% in the 3Q is expected to publish today. On a quarter on quarter basis, the analyst expects unrevised 0.5% growth between […]

Bank of Japan Monetary Policy Committ...

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The cross has been moving lower for five consecutive days lost all the daily moving averages and 200wema as well. Ahead of next week’s ECB mega event the euro remain under pressure across the board. Moody’s: Japan’s GDP growth in 2016 is expected to be between 0.5% -1.5%. Bank of Japan Monetary Policy Committee Shirai […]

Japan inflation in focus


Ahead of Japan’s CPI and unemployment rate the JPY is trading lower against the greenback. The pair has been holding 20dsma for 3 consecutive days. Unemployment rate: October rate remains at 3.4% Core inflation: Economists expects the Tokyo inflation likely to bounce to -0.1% and National inflation likely to remains at -0.1% year on year […]

Chances of higher degree of disappoin...


The euro fell below 1.0600 marks at yesterday’s session in the anticipation of ECB “interest rate cut”. The divergence between the central banks pressure the pair, hit a seven-month low. Goldman Sach’s is the big bear of this pair stated, we had “cut the euro / dollar short positions because the central bank’s initiatives in […]