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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

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.

Daily F.X. Analysis, January 8 – Top Trade Setups In Forex...

On the forex front, the U.S. Dollar Index rebounded 0.3% on the day to 96.97 on Tuesday. The USD/JPY dipped 0.4% to 108.00, as U.S.-Iran tensions curbed investors' risk appetite. This morning, the pair slid further to 107.67, the lowest level since mid-October, following reports that Iran has started attacks on U.S. targets in Iraq.

EUR/JPY Completes 50% Fibo Retracement – 61.8% Mark In Eyes!

The EUR/JPY is trading with a bearish bias at 120.950 areas in the wake of the U.S. Iran trade war. Iran immediately called a parliament to decide whether US troops should remain in Iran soil or not. The parliament voted the US troop withdrawal from Iran, which was criticized by the US.

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

The U.S. Dollar Index dropped 0.3% on the day to 96.62 on Monday, as better-than-expected economic data lifted the euro and the pound.

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

On the forex front, the U.S. Dollar Index was little changed at 96.84 on Friday. Being regarded as a haven-asset, the Japanese yen strengthened against the greenback as geopolitical risks increased. USD/JPY dropped 0.5% to 108.09, the lowest level since mid-October.

Crude Oil Completes 23.6% Retracement – EIA Report Ahead! 

The WTI crude oil prices continue to increase, mainly due to intensifying tension in the Middle East. The U.S. Crude Oil WTI Futures jumped 2.9% to $62.98 yesterday.

Daily F.X. Analysis, January 3 – Top Trade Setups In Forex...

On the forex front, the U.S. Dollar Index rebounded from its six-month low, gaining 0.4% on the day to 96.80. The investor will focus on the Federal Reserve's latest monetary policy meeting minutes due later in the day. In Asian trading hours, safe-haven demand surged as the U.S. Defense Department confirmed that the U.S. military, "at the direction of the president," killed Iranian general Qassem Soleimani in an airstrike in Iraq.

Gold Surge Amid Weaker Dollar – A Trade Plan on Thursday!  

Gold prices soared higher on Thursday, staying near to a three-month top as the precious metal gold profited from bent in the greenback. The dollar index, which gauges the worth of the US dollar against the basket of six major currencies, was down with 1.9% in the previous month, which was its lowest level since July. A weaker dollar means cheaper gold for investors and a rise in Yellow metal prices in financial markets.

Daily F.X. Analysis, January 2 – Top Trade Setups In Forex...

The U.S. dollar weakened against its major pairs on Tuesday. The ICE Dollar Index dropped 0.2% on the day to 96.53. U.S. President Donald Trump announced he would approve the phase one trade deal with China at the White House on January 15. Meanwhile, China's central bank announced that it would lower the required reserve ratio for commercial banks by 50 basis points from January 6, releasing 800 billion yuan of liquidity into the financial system.

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

The U.S. dollar weakened against its major pairs on Friday, with the ICE Dollar Index sliding 0.6% on the day to 96.92. A Federal Reserve study pointed out that retaliatory tariffs issued in 2018 and 2019 have led to job losses and an increase in costs for the U.S. manufacturing industry.

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

On the forex front, the U.S. Dollar Index was little changed at 97.65 in thin holiday trading. The Euro edged up 0.1% to $1.1101, and the British pound gained 0.3% to $1.3001. The USD/JPY climbed 0.2% to 109.54.

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

On the forex front, the U.S. Dollar Index rose 0.3% to 97.68. The euro slipped 0.4% to $1.1079. The German GfK Consumer Confidence Index slipped to 9.6 for January (9.8 expected) from 9.7 in December.

Dramatic Dip in Crude Oil – Bullish Channel Breakout 

During the European session, the WTI crude oil prices were unchanged near the 3-months highs due to optimism surrounding the United States and China trade deal that has left an impact on the oil demand as well as the global economic growth outlook.

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

On the forex front, the British pound slid 0.5% to a two-week low of $1.3017, posting a three-day decline. Official data showed that U.K. retail sales dropped 0.6% on month in November (+0.2% estimated), falling for a fourth straight month--the worst run since 1996. On the other hand, the Bank of England held its benchmark rate at 0.75% unchanged as expected.

Gold’s Ascending Triangle Intact – Investor Awaits Fundamentals! 

On Thursday, the precious metal gold prices inched up to trade around 1,476 after the U.S. House of Representatives chose to challenge President Donald Trump on articles of misuse of authority and obstruction of Congress.    

Daily F.X. Analysis, December 19 – Top Trade Setups In Forex...

The U.S. Dollar Index was up for a second day, rising 0.2% to 97.40. The British pound lost 0.3% to $1.3085. Official data showed that U.K. core CPI grew 1.7% on year in November (as expected). On the other hand, the Bank of England is expected to keep its benchmark rate at 0.75% unchanged later today. Also, November retail sales will be reported (+0.2% on month estimated).

WTI Crude Oil Slipped Amid Rising Crude Inventories – Quick Trade...

The WTI crude oil prices are flashing red and traded lower after the American Petroleum Institute reported a large build of weekly crude inventories. The WTI crude oil inventories increased by 4.7 million barrels in its snapshot of stockpiles for the week ended December 13, the API said.

DAX Could Keep Making New Highs- An Elliott Wave Scenario Planning

The German index DAX 30 contains the 30 biggest German public companies traded in the Deutsche Böerse. In this article, we will review what to expect from the German index for the coming weeks.

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

On the forex front, the British pound plunged 1.6% to $1.3122, wiping out its gains since the election day last Thursday. Media reported that U.K. Prime Minister Boris Johnson might amend the withdrawal agreement bill to block any further extension of Brexit. Hence the prospect of a no-deal Brexit is still on the table.

Daily FX. Analysis, December 17 – Top Trade Setups In Forex...

On Tuesday, the market trades with a risk-off sentiment as investors are still waiting for clarity about Brexit and Trade deal between the U.S. and China. The U.S. dollar was steady against other major currencies, with the ICE Dollar Index closing flat on the day at 97.15.

Dollar Index Long Term Wave Analysis

The US Dollar Index (DXY) from last October shows signs of exhaustion of the bullish cycle that started in February 2016. What says us the Elliott Wave Principle about the next path of the US Dollar? In this article, we will discuss what to expect for the Greenback.

Daily FX. Analysis, December 16 – Top Trade Setups In Forex...

The US Dollar Index was broadly flat at 97.17. The euro slipped 0.1% to $1.1121. Later today, research firm Markit will post December eurozone Manufacturing PMI (47.3 expected) and Services PMI (52.0 expected). The USD/JPY edged up 0.1% to 109.38.

NZDUSD Long Term Wave Analysis

The NZDUSD pair has shown signs of recovery in recent weeks. Have we to think in the buy-side for the coming weeks? In this article, we will review the probable next movement from the oceanic pair.

Gold Develops Ascending Triangle Pattern – U.S. Retail Sales in Play! 

On Friday, the precious metal is trading a bit calm after exhibiting dramatic movement, placing a high of around 1,484 to a low of 1,462. Despite weaker than expected macroeconomic data from the United States, the U.S. dollar remained a bit strong on Thursday as the trade optimism increased.  

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

Welcome to the last trading day of a week. The British Pound surged 2.1% to a six-month high of $1.3474. U.K. exit polls predicted that Prime Minister Boris Johnson's Conservative party would win a majority in the House of Commons.

Gold’s Bullish Bias Continues – Dovish FOMC and U.S. Shino In...

Gold continues to trade bullish around 1,478 as we enter in the U.S. session. Most of the buying came after the dovish reports from the FOMC, as investors' focus shifts to the trade war.

Steady Movement In Gold – Eyes on FOMC & Fed Rate...

On Wednesday, the price of the precious metal gold moved in a tight range as cautious traders back out from big bets before of U.S. Federal Reserve's monetary policy statement following in the day and amid an imminent tariff deadline.

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

The forex market extends trading sessions mostly with the mixed sentiments as the trader's eye remains on the Fed Policy decision and CPI rate today. The FOMC will publish its policy statement, and Chairman Powell will be giving his comments on the policy standpoint. Ahead of this event, the U.S. Dollar Index is down 0.22% at 97.45 on Tuesday, supporting the pair stay relaxed above the 0.6800 handles.