Blogs

<p>USDJPY extended the rally this week and exceeded the peak seen on 20th May 2020. In this article, we would look at the forecast from start of the week and how we called it higher. We will show some charts presented to clients this week and explain the reason for calling the extension higher and […]

<p>In this technical blog, we are going to take a look at the past performance of GBPAUD, 1-Hour Elliot wave Charts that we presented to our members. But before looking into the Charts, we need to understand the market nature first. The market always fights between the two sides i.e Buying or Selling. We at […]

<p>For the 24 hours to 23:00 GMT, the EUR rose 0.95% against the USD and closed at 1.1339, after the European Central Bank (ECB) increased the size of its Pandemic Emergency Purchase Program (PEPP) to support the economy. The ECB, in its interest rate decision, kept its key interest rate unchanged at 0%, as widely […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 3.27% against the USD and closed at 1.2602. Data showed that the Markit construction PMI climbed to 28.9 in May, less than market expectations for a rise of 29.7 and compared to a reading of 8.2 in the previous month. In the Asian session, at […]

<p>For the 24 hours to 23:00 GMT, the USD declined 0.88% against the JPY and closed at 109.18. In the Asian session, at GMT0300, the pair is trading at 109.14, with the USD trading marginally lower against the JPY from yesterday’s close. Overnight data showed that Japan’s overall household spending dropped 11.1% on a yearly [&hell

<p>For the 24 hours to 23:00 GMT, the USD declined 0.85% against the CHF and closed at 0.9556. On the data front, Switzerland’s consumer price index fell 1.3% on a yearly basis in May, in line with market expectations and compared to a fall of 1.1% in the previous month. In the Asian session, at […]

<p>For the 24 hours to 23:00 GMT, the USD rose 3.48% against the CAD and closed at 1.3496. The Canadian dollar declined against the US dollar, amid fall in oil prices and decline in exports. On the data front, Canada’s international merchandise trade deficit widened to C$3.3 billion in April, more than market forecast for […]

<p>For the 24 hours to 23:00 GMT, the AUD rose 0.59% against the USD and closed at 0.6945. LME Copper prices declined 0.9% or $46.5/MT to $5,452.5/MT. Aluminium prices rose 0.6% or $9.0/MT to $1,535.0/MT. In the Asian session, at GMT0300, the pair is trading at 0.6946, with the AUD trading slightly higher against the […]

<p>For the 24 hours to 23:00 GMT, Gold rose 1.16% against the USD and closed at USD1721.10 per ounce, amid weakness in the greenback and US equity markets. In the Asian session, at GMT0300, the pair is trading at 1717.40, with gold trading 0.21% lower against the USD from yesterday’s close. The pair is expected […]

<p>For the 24 hours to 23:00 GMT, Silver rose 0.33% against the USD and closed at USD18.01 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.95, with silver trading 0.33% lower against the USD from yesterday’s close. The pair is expected to find support at […]