Gold remains one of the few bright spots across financial markets today amid ongoing US-China trade tensions, Brexit drama and concerns over slowing global growth.
This precious metal has marched into June with an incredibly bullish note, blasting through the psychological $1300 level thanks to a broadly weaker Dollar
From our weekend market forecast most of our...
As most of you know the Aussie Kiwi is classified as the "traders favourites" this is due to its simplicity low turmoil and fundamentals and high volatility for daily gains.
Currently we are having a bullish flag and we will be seeing bullish movement this week on market open we get a setup for a buy.
MARKET CURRENTLY STILL CONSOLIDATING AROUND THE NECKLINE.
WE EXPECT TO SEE MARKET BREAKOUT FROM THIS ZONE SOON HOWEVER WE WILL WAIT TILL WE GET A CONFIRMATION FOR THE SELL SETUP BELOW THE NECKLINE OF THE CHART FORMATION.
CRUDE OIL: OUTLOOK AMIDST TRADE WAR AND OPEC MEETING
Taking a look into crude ahead of the weekly inventory report.
Amidst the Trade-War, Crude appears to have held firm on its support at the 57.00 benchmark, taking a full retracement from the 61.8% fibo.
We are expecting to see a further decline in price towards $55.00/Bar. As oversupply and trade war...
Lately the USD has been super strong however with the recent economically policies and value declines i expect investors to be a bit bearish and in a short time i expect the market to have a bearish decline towards our earlier april lows at about 96.70 (50% fibo retracement) althought price still at its resistance zone between 98.1 and 98.5.