May 15, 2014
The gold has moved up to resistance level of 1308.85 yesterday, just after I’ve posted my comments on a blog. Since then it has bounces back to 1301.28. It has expected that, it will try to break the next resistance level of 1314.32, which is the previous high levels hold on 05/05/14 and 07/05/14 respectively…. View Article
May 14, 2014
Good day traders, we had a very good week on the floor last week as we were following the ECB press conference closely on Thursday where EURUSD reached 1.3992 during the statement of the Mario Draghi, the president of the ECB. We start selling EURUSD and it went down around 150 pips (1.3832) on that… View Article
May 14, 2014
Dollar swiss has been falling on the daily chart and has reached another high and has stalled at the 0.89 level. With it stepping down in stages, it has reached a high that I believe it will not go any higher and should turn around into another fall, with around 300 pips until the next… View Article
May 14, 2014
The gold has moved up to 1303.35 after lower than expected French CPI (Consumer Price Index) and UK average earnings index. Since the tensions rising again in Ukraine again, gold remained bullish and expected to test the next resistance of 1315 level. Currently, it has remained after Bank of England has upgraded its growth forecast… View Article
May 14, 2014
Carney is currently speaking about the UK economy and has stated that they will look to increase rates but only when the economy has got far enough back to normal. He also spoke about the heating Housing market stating that monetary policy is not the right tool for capping it and is the last line… View Article
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