Summary Looking at the graph you will be able to see that last two months we are in the middle of a battle between Bulls and Bears. Bears are trying to reach new levels for first time this year while Bulls are trying to stop them. It is the third time in less than two…

As you can clearly see at 4 hour chart below USDJPY is trading in range and to be more specific is trading into a channel with upper band the 114.80 and lower band the 110.73. Price has just penetrated upwards the 200 MA, which alert us for a possible Bullish momentum. Due to that Bullish…

EUR/USD holders last two weeks either burnt or they are still counting their profits. Announcements of previous weeks from ECB and FED accompanied with hawkish statements from president Draghi and on the other hand Dovish statements from members of the FED lead the pair on a bullish ride of 520 pips from 1.0821 to 1.1341!…

The GOLD market confirmed a new support level, at the lows of this week, around 1118 price level. This level is confirmed also by the 61,8% Fibonacci retracement from the lows of the last week. From the downward trend perspective, a possible confirmation of the current support level can design a higher low, a possible…

Copper and aluminum slipped to six year lows as China’s yuan headed for the biggest two day drop in two decades. Goldman Sachs Group Inc. reduced this week its aluminum forecasts by at least 21 percent from 2016 through 2018 and projected a global surplus of about 2.5 million tons to 3 million tons from…

Oil quote headed for the longest run of weekly declines since January, amid signs that the global glut will continue. In the same time the specter of increasing Iranian output puts weight on prices, with bank saying that this will be shown on numbers starting with 2016, since still the accord waits to be implemented….

European markets climbed while the euro slid again the greenback, on speculation that the Greece parliamentary vote in favor of new austerity measures removed any obstacle for US higher rates. After more than four hours of debate, 229 member of the Greek parliament voted in favor of the austerity measures imposed by Greece’s creditors. The…

Gold raised today as investors awaited US data in obtaining new clues about the path of interest rate in the biggest world economy. Data today may show that US employers added more workers in the last month, opening the way for US Federal Reserve to raise interest rate just as banks form Europe and Asia…

Oil rebounded from a five year low as investors awaited data from US Department of Labor regarding monthly labor market evolution. Expectations are set to show payrolls advance by 230 000 last month, while the unemployment rate stays at 5.6%. Since US is the world biggest oil consumer any macro indicators that shows the economy…

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