February 18, 2014
18/2/2014 (14.20 pm) XAU/USD pair climbed yesterday clearing the $1320 level. The market still looks very bullish hence we are buying on dips through the short-term pullbacks as this market continues to improve. Clearly this market isn’t to be sold as gold continues its advance. Gold has strengthened since the market broke through the $1268… View Article
February 17, 2014
Kiwi resistance looms:NZD/USD is approaching horizontal and trend line resistance in the 0.8380 region. Expectations of a rate hike by the RBNZ in March and continued recovery in global risk appetite saw Kiwi rise up 1.1 pc last week. Above the 0.84 level, we have the October’s 9 month high of 0.8543 and it would… View Article
February 17, 2014
17/2/2014 (12.45pm). Last week Gold prices ended at a high of $1319 after touching $1321.30 breaking above the $1315 obstacle rising gradually following Janet Yellen’s testimony and lackluster economic data in the US supported by the weakening of the dollar. There seems to be belief that monetary policy will become more accommodative under Yellen and… View Article
February 14, 2014
Further to Vishal’s post we now eye some key resistance on cable, my view is that it is worth a short up here with a 100 pip stop, looking for a ocrrection back down to the 1.65 handle and potentially even further.
February 14, 2014
GBPUSD has been very strong since the Bank of England Inflation report on 12/02/2014. We are currently at the highest point in just over two and a half years and are approaching the key resistance level at 1.6743 area. This is the last real resistance point before a potential bigger move up to the 1.7050… View Article
February 14, 2014
14/2/14 (10.40am). XAU/USD initially fell on Thursday, but prices have now broken above the crucial $1300 psychological level. Gold is continuing its advance posting a new high since November 8th at $1311.98 taking advantage of the weak dollar to buy up the safe haven. Currently it has extended gains hitting the highest level in 2014… View Article
February 13, 2014
Good morning guys, Some big movements yesterday, overnight and this morning. Lets start with EURUSD. So EURUSD has started going up and once it has gone through the 1.36 handle we took off our short position as it once again suggested that it is trading in range. Good thing we took our 50-60 pips… View Article
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