Introduction: Japan’s economy, a captivating fusion of tradition and modernity, demands a profound exploration of its intricate economic indicators. In this comprehensive journey, we not only dissect these key indicators but also unveil their potential impacts on the Japanese Yen …
History of the GBP The pound sterling, which strictly speaking refers to basic currency unit of sterling, now the pound, is the currency of the United Kingdom (UK). Prior to World War II, the Great British Pound was the …
Purchasing Managers Index Manufacturing: The Purchasing Managers Manufacturing report is a survey of manufacturing providers in the Eurozone (EZ) and focuses in on issues such as costs and demand. Essentially, a strong PMI, in which costs are low and demand …
Platinum- New test of 1k zone? Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less).The start of September found the price at the bottom of …
Gold under a cluster of resistances In yesterday’s post, I said that my bias for Gold is still bullish, however, confirmation is needed to consider a higher low in place.Yesterday, after a double touch of 1930 short-term resistance, XauUsd consolidated …
EurJpy could lose support Since the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure.In August, the pair consolidated, and this consolidation could very well be distribution.Now the pair is …
EurUsd- I’m looking to sell rallies Since mid-July, EurUsd has entered a downtrend. The confirmation for this came with a break under the one-year-long up trend line in mid-August. After the confirmation of resistance at 1.0930 at the beginning of …
EurNzd could reach 1.9 by year’s end EurNzd is a very volatile pair and for sure is very risky to trade it in the short term, however, if you take a look at the longer picture and ignore 100+ pips …
UsdCad- Break above resistance next? After the low from mid-July, UsdCad has started to reverse and after the small correction from last week, last Friday was also marked by an immense Bullish Engulfing from short-term support which led the pair …
Gold (XauUsd) could rise to 1980 As you may already know from my previous posts, I’m bullish Gold in the medium term. The basis for this outlook can be observed on the weekly chart. XAU/USD experienced a false downward break …
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