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Tag Archives: daily look

Elliott Wave Analysis on GOLD and German DAX

GOLD Gold keeps falling sharply which now looks like an extended five wave drop from 1288 so the whole decline from 1303 is rather impulsive than corrective. We are looking now at wave 3) in progress that may find a support in the near term around 1200-1215 for a short-term recovery ...

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Bullish Bullard to help the weakening dollar?

After two Fed officials send mixed messages over the weekend, James Bullard of the St. Louis Fed will likely weigh in in favor of a rate hike in June. The US dollar opens the week slightly lower. Also watch out for euro-zone ...

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Hard US data for the data-dependent Fed

The Fed is leaning to the hawkish side but stressed that it is data dependent. In the penultimate week of May, we get both an update on the worrying first quarter with updated GDP data as well as a look at Q2 with fresh durable goods orders. In addition, top...

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FOMC Minutes: Sell opportunity on USD? [Video]

The dollar has strengthened on hawkish comments but from not-too-influential Fed members. Will the trend reverse or will the minutes provide fuel for the next move? A preview of the big event for the week. Video preview for the Fed meeting minutes due on Wednesday, May 18th, at 18:00 GMT and ...

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USD and GBP look strong ahead of key data for both

The pound continues enjoying optimism regarding remaining in the EU and the USD reacts to Fed officials talking about a hike. Today these currencies will be tested on the UK jobs report which provides a relief from the Brexit talk. In the US, the Fed minutes. Also watch for a potential...

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Will inflation inflate the dollar?

After a light calendar on Monday, key inflation figures await traders exactly two weeks after turnaround Tuesday. While the greenback has lost some ground to commodity currencies, the jury remains out on major pairs, and this could be an opportunity to break to the upside or to the downside. Also watch out for ...

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Inflation in focus – Live Market Open

All European markets are back from holiday and also the US calendar is getting busier. Inflation data from both the US and the UK stand out today as the dollar re-asserts its position. Join me for a live market open, ...

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Antipodean currencies in the limelight

After Chinese data misses expectations and the US dollar is seeking a new direction, a relatively light day on the economic calendar highlights events in Australia and New Zealand, with data coming from central banks. Will we get hints about the next moves of...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – May 16 2016

EURUSD Daily Analysis   EURUSD (1.13): EURUSD has closed on a bearish note on Friday following the inside bar from the previous day. Prices have managed to seek support near 1.130 which if followed through could see a modest bounce. The 4-hour chart shows an inside bar formation and ...

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USD at crossroads – Live Market Open

The new trading week begins with some pressure on the Australian dollar. In addition, the US dollar is at crossroads: excellent data on Friday failed to produce the proportional advance in the greenback. What’s next? Join me for a live market open, hosted by FXStreet: walking though recent...

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