Gold futures are edging higher post US CPI. The pair is en-route forming new high after the reversal at 0.50% Fibonacci level at 1303.60 which is trapped between the recent support and resistance at 1277.60- 1327.30. However, with the greenback struggling to preserve its bullish momentum in the last hour,…

The Consumer Price Index (CPI) released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of USD is dragged down by inflation. The CPI is a key…

After experiencing poor employment rate last week, NZDUSD bears gained strength breaking the short term trendline at 0.68700 and falling till January end low at 0.67000. RBNZ Monetary Policy Statement is released early this morning. The Reserve Bank of Zealand (RBNZ) is been holding the OCR at 1.75% since November…

I shorted EUR/USD on a break of rising lows to play my fundamental bias of favoring the Greenback of the euro as I expected weaker economic data to come out of Europe for the time being. I initially started with 0.50% risk with the intention of getting up to my…

EURUSD bounces back at strong support , forming a new low at 1.12576 for the year 2019 after a long bearish trend since the start of February. In the US docket, the NFIB index dropped to the lowest level since Trump assumed office, while December JOLTs Job Openings and the…

GBPJPY struggling in a strong region at 142.00-142.500 which is unbroken since 5th of January. Though bears tried to break the Channel aggresively on 7th January, bulls had a equal strength, trapping bears in the indecision region. Consolidating in the 0.50 Fibonacci Level with False breakouts on the downside, it…

GBP/NZD aggressive, yesterday’s spinning top is a good sign of indecision and potential reversal, and if today’s candle closes red, you could look to take a short play at the market. For the less aggressive, there are two other setups to check out: first, a pullback higher to the minor…

After a strong bearish movement last week, AUDJPY is expected to flip its trend upside today, forming a Double bottom at January end low 77.500. 1Hr Time Frame expecting the confirmation for the bullish turnover at the short term trendline. Further north side movement is expected targeting the strong support…

Breaking the long term trendline last week thursday, CADJPY managed to turn over at 82.400 support to retest the trendline at 83.300 in 0.50-0.618 Fibonacci level. Bears are expecting to take control over the market with minimum risk management as bears have more possibility to move further downside after it…

  Gross Domestic Product Q/Q is released as expected as 0.2% from 0.6% effecting GBP to fall back to the last week low at 1.28900 region. Bears are still hoping to break the 1.2900 region for futher downside movement till 1.27900 and more. Statistics measures the outputs of the UK…