Forex Market View for May 1, 2015

Forex Market View for May 1, 2015 Gold prices dropped to a session low of USD 1178.5/OZ levels, expanding the losses seen in the previous session on the back of a steep fall in the weekly initial jobless claims. The immediate resistance is found at 1184.8, higher which gains could be extended to 1194.40. On […]

Forex Market View for April 30, 2015

Forex Market View for April 30, 2015 Reuters survey on Monday revealed the OPEC output is established rising 70kbpd in April, moving the whole production level to 31.04 million barrels per day (mbpd); its peak levels since November 2012. Output is still at record highs. In the meantime, Iraq, Libya and Nigeria increased oil supplies […]

Using Autochartist in MetaTrader 4

Autochartist is without question one of the favorite tools of traders of all types of markets. Autochartist in recent years has become one of the preferred tools of Forex Traders. Most of those that are familiar with Autochartist use their website and their extensive web interface to access all of the great tools. Now there […]

Forex Market View for April 29, 2015

Forex Market View for April 29, 2015 United States Gross Domestic Product Price Index came in at -0.1% under forecasts (0.4%) in 1Q The preliminary data published by the US Commerce Department today revealed, the economic growth in the first quarter slowed to an annualized rate of 0.2%. The report was projected to show the […]

Forex Market View for April 28, 2015

Forex Market View for April 28, 2015 Gold prices increased gains to trade beyond USD 1209.98/Oz on a weaker-than-expected US consumer confidence and regional manufacturing data. Higher by 0.70% for the day at USD 1212.2/Oz following the US consumer confidence data for April missed the expectation of 102.5 to print at 95.2. The immediate resistance […]