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This section focuses on publications and analytical reports related to financial markets on a daily basis. Main Features Multiple asset-classes coverage Neutral assessment of market conditions Entry setups with relevant underlying price levels

Crude Oil’s Ascending Triangle Pattern Breakout – What’s Next?

The WTI crude oil prices dropped mainly due to falling demand in the wake of intensifying coronavirus fears. The U.S. Crude Oil fell 0.6% to trade at $51.99during the European session.

Daily F.X. Analysis, February 18 – Top Trade Setups In Forex...

On the forex front, the U.S. Dollar Index was broadly flat at 99.15 amid thin holiday trading. In the U.S., the New York Federal Reserve will publish February's Empire Manufacturing Index (5.0 expected). The National Association of Home Builders will deliver January Housing Market Index (75 expected). Let's take a look at trade plans.

Gold Symmetric Triangle Continues to Play – Carnivorous Underpins Safe Haven! 

On Monday, the precious metal gold prices were near a two-week high mounted in the past session as doubt prevailed over the influence of the coronavirus disruption on the global economy. Gold is trading sideways around $1,582.08 per ounce, having placed the highest since Feb. 3 at $1,584.65 during the last week.

Daily F.X. Analysis, February 17 – Top Trade Setups In Forex...

The current week is anticipated to display a slow start with U.S. banks on holiday and light economic data. U.K. jobs data will be reported on Tuesday, and the Fed will publish minutes from their last conference on Wednesday.

Crude Oil Testing Double Top – U.S. Session Trade Setup!

The WTI crude oil prices rose slightly, mainly due to the hopes of deeper supply cuts from the major producers. The U.S. Crude Oil WTI Futures inched up 0.1% to $51.48 by 12:30 AM ET (04:30 GMT).

Daily F.X. Analysis, February 14 – Top Trade Setups In Forex...

On Friday, the market awaits U.S. economic events, which are expected to drive some price action during the U.S. session today. The U.S. Commerce Department will report January retail sales (+0.3% on month expected) and December business inventories (+0.1% expected). 

Gold’s Symmetric Triangle Remisn Intact – Investors Eye for a Breakout!

ouldThe precious metal gold traded bullish again since the inception of the trading day, topping the $1,576 level after the price dropped to the $1562 through the session. That has happened despite the words by the Chinese president that the corona situation is under control and that the disease is at its top; thus, the situation would be entirely contained by next April.

Daily F.X. Analysis, February 13 – Top Trade Setups In Forex...

The U.S. government reported a budget deficit of 32.6 billion dollars for January, significantly above the expected deficit of 10.0 billion dollars.

Daily F.X. Analysis, February 12 – Top Trade Setups In Forex...

The U.S. National Federation of Independent Business's Small Business Optimism Index posted at 104.3 for January, better than 103.5 expected.

Gold’s Sideways Trading Continues – Quick Trade Plan Today! 

Gold price edged up to $1,571, an ounce extending its rebound to a fourth session. On Tuesday, the precious metal gold edged lower as European stocks climbed to record highs and the dollar hit a four-month peak, after a fall in the number of new confirmed cases of coronavirus limited the appetite for lower-risk assets and drove buying elsewhere.

Daily F.X. Analysis, February 11 – Top Trade Setups In Forex...

On Tuesday, the U.S. Labor Department will post JOLTS job openings for December (6.85M expected). The National Federation of Independent Business (NFIB) will release January Small Business Optimism Index (103.3 expected).

Gold’s Symmetric Triangle Pattern Holds – What’s the Next Plan?

Despite the convincing outcome of the US January labor market report, the price of gold maintains a bullish return up to the $1,574 resistance mark during Friday's trading session as the precious metal closed the week's around the $1570 level. 

Daily F.X. Analysis, February 10 – Top Trade Setups In Forex...

The U.S. Labor Department reported that the economy added 225,000 nonfarm payrolls in January, higher than the addition of 162,000 expected. Meanwhile, the jobless rate climbed to 3.6% (3.5% expected). Average hourly earnings grew 0.2% on month (+0.3% expected) and were up 3.1% on year (+3.0% expected).

WTI Crude Oil Trade Plan – Prices Rose Amid Possible Outputs...

The WTI crude oil prices rose by 0.4% while registering $51.40, mainly due to the possible output cuts by the OPEC+. The U.S. West Texas Intermediate (WTI) crude (CLc1) futures were up 15 cents, or 0.3%, at $51.10 a barrel, also heading for a fifth consecutive week of losses.

Daily F.X. Analysis, February 7 – Top Trade Setups In Forex...

On Friday, the investor's major focus stays on the U.S. NFP data. Previously, the Automatic Data Processing (ADP) jobs report showed an addition of 291,000 private jobs in January, exceeding expectations of +157,000. The Markit U.S. Services Purchasing Managers Index (final reading) expanded to 53.4 in January (53.2 expected). The Institute for Supply Management's (ISM) Non-Manufacturing Index rose to 55.5 (55.1 expected).

Daily F.X. Analysis, February 6 – Top Trade Setups In Forex...

The U.S. trade deficit grew to 48.9 billion dollars in December (48.2 billion dollars deficit expected).

WTI Crude Oil Prices Rose Despite Rising Stockpiles! 

Today in the early Asian session, the WTI crude oil prices rose, although the report of the American Petroleum Institute (API) said U.S. oil inventories increased last week.

Daily F.X. Analysis, February 05 – Top Trade Setups In Forex...

On Wednesday, January Automatic Data Processing (ADP) Employment Change (+158,000 private jobs expected), Markit U.S. Services Purchasing Managers Index (PMI, final reading, 53.2 expected), Institute for Supply Management's (ISM) Non-Manufacturing Index (55.1 expected), and December trade balance (deficit of 48.2 billion dollars expected) will be reported.

Daily F.X. Analysis, February 04 – Top Trade Setups In Forex...

Hong Kong, the government has closed more border checkpoints connected to China, while the city's medical workers continued a strike demanding the closing of all such checkpoints.

WTI Crude Oil Prices Continue To drop Due To Coronavirus Fears! 

The WTI crude oil prices continue its losing streak mainly due to the worries of the lower demand in China in the wake of coronavirus outbreak fears. As we know, China is the biggest importer in the world.

Daily F.X. Analysis, February 03 – Top Trade Setups In Forex...

Regarding U.S. economic data, personal income grew 0.2% on month in December, below expectations of +0.3%, personal spending declined 0.3% in December (as expected).

Daily F.X. Analysis, January 31 – Top Trade Setups In Forex...

The U.S. stocks erased early losses to close higher. The Dow Jones Industrial Average ended 124 points higher (+0.4%) at 28859, the S&P 500 added 10 points (+0.3%) to 3283 and the Nasdaq Composite was up 23 points (+0.3%) to 9298.

Daily F.X. Analysis, January 30 – Top Trade Setups In Forex...

The U.S. stock indexes pared most of the early gains to close little changed. The Dow Jones Industrial Average soared higher 11 points to 28734, the S&P 500 declined 2 points to 3273, and the Nasdaq Composite added 5 points to 9275. 

Crude Oil Completes 23.6% Retracement – Who’s Up for Selling?

The WTI crude oil is trading with a bearish bias at 53.85 level, which marks the 23.6% Fibonacci retracement level. Most of the bullish recovering in oil prices came in response to the inventory report released by the API. 

Daily F.X. Analysis, January 29 – Top Trade Setups In Forex...

The forex traders are keeping their eyes on the Fed Fund Rate and Monetary Policy decisions, which are likely to drive some major price action in the market.  

Daily F.X. Analysis, January 28 – Top Trade Setups In Forex...

A day before, the U.S. stock indexes slid over 1% as the coronavirus outbreak in China intensified. The Dow Jones Industrial Average slipped 453 points (-1.6%) to 28535, the S&P 500 dropped 51 points (-1.6%) to 3243, and the Nasdaq Composite tumbled 175 points (-1.9%) to 9139.

Gold Flashing Green – China’s Coronavirus Outbreak Threats! 

The safe-haven-metal prices continued to flash green and rose to $1,588.70, mainly due to the risk-off market sentiment in the wake of China coronavirus outbreak threats. It is worth to mention that the gold prices recently got love from the fears of China's coronavirus outbreak, as well as the headlines from the Middle East and the global trade news also add in the risk tone in the market.

Daily F.X. Analysis, January 27 – Top Trade Setups In Forex...

The Friday major U.S. stock indexes closed in negative territory as the coronavirus outbreak in China intensified. The Dow Jones Industrial Average dropped 170 points (-0.6%) to 28989, the S&P 500 fell 30 points (-0.9%) to 3295, and the Nasdaq Composite was down 87 points (-0.9%) to 9314.

WTI Crude Oil Prices Rose Amid Fresh Fear of China Coronavirus! 

The WTI crude oil prices flashed green and rose to $55.84 after dropping to 9-week lows, mainly due to the fears regarding China coronavirus. The U.S. West Texas Intermediate futures (CLc1) were 24 cents up, or 0.4%, higher at $55.83 a barrel. The contract fell 2% on Thursday and is 5% lower for the week.

Daily F.X. Analysis, January 24 – Top Trade Setups In Forex...

The U.S. Dollar Index gained 0.2% on the day to 97.69. The EUR/USD slid 0.4% to 1.1055, the lowest level since early December. The European Central Bank left its monetary policy steady (deposit facility rate at -0.50%). ECB President Christine Lagarde said there are signs of a moderate increase in underlying inflation, and the downside risks to the growth outlook are less pronounced. Later today, research firm Markit will release Eurozone January Manufacturing PMI (46.8 expected) and Services PMI (52.8 expected).

Gold Rose Slightly As Fear of Virus Continue To Raise –...

The safe-haven-metal prices slightly rose, mainly due to the spread of China’s coronavirus. There were reports that the virus has almost killed 17 people in China, and officials have completely closed the Wuhan city to prevent the infection from further spread. However, China is looking up to other nations as well for finding the cause behind this virus. It has been found so far that the virus is contagious and can be transmitted from person to person, and this has resulted in an increase of risk-tone in the financial market.

Daily F.X. Analysis, January 23 – Top Trade Setups In Forex...

The European Central Bank will deliver its interest rates decision (deposit facility rate expected to be unchanged at -0.50%). The European Commission will release the eurozone's December Consumer Confidence Index (-7.0 expected).

Daily F.X. Analysis, January 22 – Top Trade Setups In Forex...

In Asian trading hours, EUR/USD edged up to 1.1098, and GBP/USD climbed to 1.3011. The USD/JPY slid to 109.97. This morning, the Bank of Japan, as widely expected, kept its policy rate at -0.10% and a 10-year yield target at 0% unchanged. The central bank raised its 2020 Japan's GDP growth forecast to 0.9% from 0.7% previously. Spot gold marked a day-high of $1,568.6 an ounce before easing to $1,566.0 an ounce.

The Safe-Haven-Metal Prices Rose on IMF Report & China Virus Headlines!

On Tuesday, gold prices inched up mainly due to the International Monetary Fund (IMF) report, which indicated a gloomy outlook for 2020. Gold traded 0.4% to $1,566.65 before falling to 1,555 during the European session.

Daily F.X. Analysis, January 21 – Top Trade Setups In Forex...

In Asian trading hours, EUR/USD edged up to 1.1098, and GBP/USD climbed to 1.3011. The USD/JPY slid to 109.97. This morning, the Bank of Japan, as widely expected, kept its policy rate at -0.10% and a 10-year yield target at 0% unchanged. The central bank raised its 2020 Japan's GDP growth forecast to 0.9% from 0.7% previously. Spot gold marked a day-high of $1,568.6 an ounce before easing to $1,566.0 an ounce.

Daily F.X. Analysis, January 20 – Top Trade Setups In Forex...

On the forex front, the U.S. Dollar Index rose 0.3% on the day at 97.61. The euro slid 0.4% to $1.1090. The British Pound dropped 0.5% to $1.3010, snapping a three-day rally. Official data showed that U.K. retail sales unexpectedly fell 0.6% on month in December (+0.6% estimated), fueling expectations of an interest-rate cut by the Bank of England.

Crude oil gains support – Is It a good time to...

The WTI crude oil prices unchanged and maintain its biggest gain in the wake of sluggish economic growth in China, the world's largest crude importer, as it increased concerns regarding the fuel demand.

Daily F.X. Analysis, January 17 – Top Trade Setups In Forex...

On Friday, China's industrial production rose by 6.9% in December, against the forecast figures of 5.9% by a significant margin to register the fastest rate of growth since March. Moreover, Retail Sales increased by 8%, beating forecasts of 7.9% growth, but remained unchanged from November. 

AUD/USD Currency Pair Seesaws Near 0.6900 As Traders Want More Clarity...

The AUD/USD currency pair flat near the 0.6900, mainly due to mixed sentiment regarding the Sino-US trade deal. As of writing, the AUD/USD currency pair is currently trading at 0.6920. The currency pair recently benefited from the Sino-US phase-one trade deal signing and positive comments from the U.S. and Chinese trade negotiators.

Daily F.X. Analysis, January 16 – Top Trade Setups In Forex...

On Thursday, the investors are watching strictly political events in the U.S. and Russia. The Democratic-led U.S. House of Representatives proposed on Wednesday to send impeachment charges against President Donald Trump to the Senate. Russian Prime Minister Dmitry Medvedev published the compliance of his government after President Vladimir Putin proposed some constitutional changes.

Gold Sideways Pattern Intact – Brace for a Breakout! 

The safe-haven-metal prices flashed green and rose by 0.6% to $1,553.15, mainly due to fresh uncertainty surrounding the United States and China phase-one trade deal.

Daily F.X. Analysis, January 15 – Top Trade Setups In Forex...

On the forex front, the U.S. Dollar Index was little changed at 97.39 on Tuesday. Media reported that the remaining U.S. tariffs on Chinese goods imports are likely to stay in place until after the American presidential election. The Chinese yuan eased against the greenback, as USD/CNH edged up 0.1% to 6.8895, snapping a five-day decline.

Daily F.X. Analysis, January 14 – Top Trade Setups In Forex...

On the forex front, the U.S. Dollar Index kept trading within a tight range on Monday, closing flat on the day at 97.38. The U.S. government reversed its decision to brand China a currency manipulator. U.S. Treasury Secretary Steven Mnuchin said: "China has made enforceable commitments to refrain from competitive devaluation while promoting transparency and accountability." China offshore yuan strengthened to the strongest level in six months, with USD/CNH dipping 0.5% to 6.8822.

Gold’s Sideways Range Remain Intact – Brace for Trade Plan!

The safe-haven-metal prices dropped mainly due to the Asian stocks, which traded higher in the wake of optimism surrounding the United States and China trade war.

Daily F.X. Analysis, January 13 – Top Trade Setups In Forex...

On the forex front, the U.S. dollar eased against other major currencies on Friday, as growth in December nonfarm payrolls missed expectations. The Dollar Index slipped 0.1% on the day to 97.36. The euro gained 0.1% to $1.1122.

Gold Sideways Session Continues Despite Weak NFP Report! 

Gold prices trimmed down on Friday, after sinking as much as 1% in the prior session, as rising tensions in the Middle East lead traders to shift to riskier assets. The safe-haven-metal prices still flashing red and continue to drop mainly due to risk-on sentiment in the market in the wake of de-escalated US-Iran conflict.

Daily F.X. Analysis, January 10 – Top Trade Setups In Forex...

The U.S. dollar strengthened for a third straight session on Thursday, ahead of the release of December nonfarm payrolls report due later today. The ICE Dollar Index gained 0.1% on the day to 97.42.

Gold’s 38.2% Fibonacci Level Holds – What’s Next?

A day before, gold soared to a high of $1,611 an ounce once news about Iran attacking U.S. targets in Iraqi broke out. However, the yellow metal retreated for the rest of the session, over worries about an escalation between the U.S. and Iran. It closed at $1,556, down from $1,574 in the prior session.

Daily F.X. Analysis, January 9 – Top Trade Setups In Forex...

The U.S. dollar rebounded for a second straight session on Wednesday, lifted by a stronger-than-expected ADP jobs report. The Dollar Index rose 0.3% on the day to 97.31.

WTI Crude Oil Prices Jumped On US-Iran War Sentiment! 

Earlier today, the WTI crude oil prices hit the bullish track and climbed to 1.3% to $63.53, mainly after Iran attacked two United States airbases in the wake of U.S. airstrike that killed the Iranian general last week, flashing worries regarding the escalating conflict between the United States and Iran.