Important: JPY: BOJ Gov Kuroda Speaks @11:05am, USD: Core Retail Sales m/m, Retail Sales m/m @05:30pm, Prelim UoM Consumer Sentiment @06:55pm
BOB stands for break out buy and BOS stands for Break out sell.…
The US dollar headed of its biggest weekly gain versus major peers since November and gold prices ticked down sharply. The yellow metal lowered more than $40 per ounce in one week as investors assessed the US interest rates outlook before the Fed Meeting next week. Gold retreated 0.6% , heading for its biggest weekly drop since May.
The Federal Reserve might take a hawkish turn at its policy meeting next week, possibly by dropping its commitment to keeping rates…Continue
Dollar index is overbought since couple of days and looking for a correction but today core retail sales data is important.
sell below 84.30 expected Targets 83.75 Stop Loss 84.50
The poor gold locked between a small and critical range 1240-1258. the yellow metal is supported above 1240, the low of 3rd June,2014, awaiting for the fed decision and the bulls. Gold lowered more than 47 dollars per ounce in last 7 days…Continue
Sterling closed with a spinning top yesterday after the drop of 300 pips in last 15 days. This pair opened with a gap on Monday due to Scotland issue. This pair is under a great selling pressure and amending its low daily. Yesterday candle close and today candle opening is indicating some bullish signs for this pair for day trading but the trend is still bearish for this pair until the result is not announced of referendum.
on the other hand dollar index is overbought since couple of…Continue