Forex Market View for January 27, 2015

Forex Market View for January 27, 2015 EUR/USD improved somewhat but continued higher on the day after the most recent US data. Consumer confidence climbed to a 7-year high of 102.9 vs.95.1. If EUR/USD climbs above 1.1422, the next resistances are met at 1.1474 and 1.1500. On the flip side, supports could be found at… Read More »

Forex Market View for January 26, 2015

Forex Market View for January 26, 2015 The Secretary General of OPEC, El-Badri, stated today that the oil market is oversupplied by 1.5 million barrels per day, in the meantime he is conveying optimism that the market will improve in time. Oil prices would not drop to USD 20-25/barrel and that the producers beyond OPEC… Read More »

Forex Market View for January 23, 2015

Forex Market View for January 23, 2015 Existing-home sales rebounded in December and rose above an annual pace of 5 million sales for the sixth time in seven months, according to the National Association of Realtors XAU/USD presently trades 0.90% lower by USD 1289/Oz levels after not being able to surpass the USD 1300 levels. The immediate resistance is… Read More »

Forex Market View for January 22, 2015

Forex Market View for January 22, 2015  ECB Meeting Notes ECB will purchase 60 billion euros a month in national bonds and agency bonds. The quantities will be determined by the “capital key” which matches approximately to the extent of the economies. That means that Germany, France and Italy will be the largest buyers The… Read More »

Lessons Learned From Forex Brokers in Wake of EUR/CHF Move

A great deal of the spotlight has been directed towards Forex Brokers over the past week. Since the Swiss national Bank released its peg to the euro and allowed the market to collapse. This event alone has had the greatest impact on a retail forex trading. For the Forex Brokers there are some issues that… Read More »

Forex Market View for January 21, 2015

Forex Market View for January 21, 2015  Gold tumbled over 1% in EUR once stories got around that the European Central Bank has delayed the balance sheet extension via QE program until March. XAU/EUR fell to USD 1105.97/Oz. The immediate support is realized at 1000, below which losses may be drawn-out to 1093.80 levels. In… Read More »

Forex Market View for January 20, 2015

Forex Market View for January 20, 2015 Gold prices traded higher and made a new five-month high today at 1294.30. Gold continues supported as a currency hedge, the immediate resistance is found at 1300 and 1320 levels. In the meantime, support continues at 1272. EUR/USD drifting above the 1.1600 original support to the EUR, driving… Read More »