GOLD (XAUUSD) Weekly Forecast (15/01/2020-21/01/2020)

By Admin in Reviews 0 Comment

News and Data:

– January 08: US ADP Non-Farm Employment Change 202K vs 160K expected
– January 10: US Non-Farm Employment Change 145K vs 162K expected
– January 14: US CPI M/M 0.2% vs 0.2% expected
– January 14: US Core CPI M/M 0.1% vs 0.2 expected

Market Update:

Gold prices rose to seven-year highs around $1,613 an ounce last week after Iran attacked the US military bases in Iraq. However, gold is struggling to find its bullish momentum at the start of this week and apparently the prices has softened to around $1,540 an ounce as a reflection of geographical tension ease with Iran, and the signing of a phase-one trade agreement between the United States and China which has taken place nearly two years in the making. The details of phase-one agreement are unconfirmed but according to experts the agreements are split into nine chapters dealing with issues more…

GOLD (XAUUSD) Weekly Forecast (08/01/2020 – 14/01/2020)

By Admin in Reviews 0 Comment

News and Data:

  • CNY Caixin Manufacturing PMI 51.5 vs 51.7 expected
  • US ISM Manufacturing PMI 47.2 vs 49 expected
  • US FOMC Meeting Minutes expected to cut interest rate 2 times in 2020
  • US ISM Non-Manufacturing PMI 55 vs 54.5 expected

Market Update:

Gold price jumped over $1,600 per ounce this morning upon the news that AL Asad airbase in western Iraq has come under retaliatory attack from Iran. This action is viewed as the direct attack on American forces located in the region. Following the news of the attack, stocks prices dropped but oil and GOLD rose. Gold has bounced back around more…

Margin Trading – Safer Choice than Stocks Trading

By Admin in Articles

As we all know, there are many different investment targets in the world. It can be felt that risks are different when trading different symbols . Many people believe that margin trading (CFDs like foreign exchange pairs) is a high-risk variety. Is that true? This article categorizes the risks of common trading methods (including foreign exchange transactions), which would be helpful for amateur traders.

Level 1 – Trades that do not require a stop loss.

Generally speaking, we cannot trade without taking risks, and the probability of success of a transaction is often not 100%. In order to prevent losing all their money, more…

ECB has managed to reverse Euro downwards

By GG Analyst in Reviews 0 Comment

Euro

EURUSD

Last week opening was bad for EURUSD. Prime Minister of Italy has lost the referendum with a big gap. This resulted in pair’s fall to 1.05 level, but bulls managed to the keep the attack: EURUSD closed the day around 1.0760, with the intraday range around three patterns. Further, the pair was developing correction bounce during a week. Eventually, by ECB rate decision on Thursday, EURUSD had already two attempts to climb above 1.08. The same as a year ago, markets were waiting for details about further development from December ECB meeting. They did not have instant changes, but the markets more…

Carry –trade is ruling the markets again

By GG Analyst in Reviews 0 Comment

Carry-trade

EURUSD

The pair is trying desperately to keep stable after it reached the important support level, which managed to withstand multiple bears’ attacks in 2015. However, on Wednesday, which had the full American session on this week, the bears made attempt to press in the important levels. Eventually, EURUSD decreased till 1.0510. The important thing is that the main driver of pair’s weakening was escaping to risky assets. Due to the above, the common currency was losing its attractiveness, as during last years. On Thursday and Friday the trades were not so active, so the markets were fixing profits from the beginning more…