FX Daily Outlook| 01-11-16
Posted on November 1, 2016 at 10:49 am GMT[..]
XM does not provide services to residents of the United States of America.
Technical Analysis – Gold maintains uptrend as RSI bounces out of oversold levels
Posted on November 1, 2016 at 8:58 am GMTGold prices remain in an uptrend that started from October 7, maintaining a bullish outlook in the short term. Last month prices rose steadily making higher highs and higher lows. A high of $1284.05 was reached last week on Friday but the market was capped by the Bollinger Band this week. Resistance lies at the upper band at around $1280. The market remains bullish as RSI has the possibility for further upside momentum. As seen on the daily [..]
FX Daily Outlook | 17-10-16
Posted on October 17, 2016 at 9:37 am GMT[..]
Technical Analysis – Gold below 200-day average and oversold for now; 1200 next big test
Posted on October 17, 2016 at 8:19 am GMTHaving broken through 1300 relatively easily on October 4, gold quickly went on to retreat below its 200-day moving average on October 6. A violation of the 200-day average had not taken place since early February this year. This development calls into question this year’s gold rally – provided of course that price remains below the 200-day and does not bounce back above it. The 200-day is currently at 1264. Gold had reached as high as 1375 in early July [..]
FX Daily Outlook | 05-10-16
Posted on October 5, 2016 at 9:22 am GMT[..]
Asian Session – Euro jumps on ECB taper story; pound, gold struggle to find support
Posted on October 5, 2016 at 7:50 am GMTThe euro made a comeback against a resurgent US dollar following a story from Bloomberg that the European Central Bank was considering gradually reducing its bond purchases before the program ends. The British pound and gold on the other hand were struggling to find support as they plunged to fresh lows. The US dollar was doing well generally – with the possible exception of the euro – after Richmond Fed President Jeffrey Lacker sounded a hawkish note. Lacker said there [..]
FX Daily Outlook | 30-09-16
Posted on September 30, 2016 at 10:16 am GMT[..]
FX Daily Outlook | 28-09-16
Posted on September 28, 2016 at 9:18 am GMT[..]
Technical Analysis – Gold neutral on daily chart, in the cloud; 1300 key level
Posted on September 28, 2016 at 7:40 am GMTGold has had a very good 2016, but its Brexit-inspired rally seems to have fizzled out in early July. The high it reached has been $1375 an ounce on 6 and 11 July (also a near 2 ½ – year high). Since then there has been some consolidation, although the precious metal has managed to hold the 1300 level. Looking at the Ichimoku analysis, although longer-term price action is generally bullish, this momentum has weakened lately. The faster-moving red Tenkan-sen [..]
European Session – Dollar erases gains versus yen; Oil slumps as hopes of deal fade
Posted on September 27, 2016 at 2:57 pm GMTThe positive risk sentiment brought on by last night’s Presidential debate in the US eroded during today’s European session. The US dollar reversed its post-debate gains when it rose against the yen after polls showed Hillary Clinton was seen as the stronger candidate. The greenback hit a high of 100.98 yen just before the European open but touched a low of 100.08 yen in late session. European stock markets also failed to benefit from the risk-on mood prevailing in today’s [..]
