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The crude markets fell during the session on Friday and we have witnessed the waterfall from 104.96 till 100.59 during last week 5 trading day session. Looking at daily chart there is strong support at 98.83 and we may expect a down fall till that movement. Technical commentary On daily chart 200 period SMA giving strong sport to Crude oil at 100.59 and if the price breaks that level we can see bears in mood and more downfall, In the morning when market opened we observed that price was bounced back from same level and touched the 101.49 level . But looking at daily to weekly trend we can advise to our Investors to wait for confirmation and buy from dip, The 98 level should be a important supportive area also, and as a result we believe anywhere between here and there that show signs of support is a buying opportunity. Oscillators and Indicators like RSI is below 50 which signifies that the trend is down until it comes to 30 there is a MACD bearish crossover also takes pl...

No more buy on gold..... hard to believe holding strong support at 1276, MA 100 is supporting here and heavy selling pressure didn't able to break it. Also, MACD fast line crossover above slow line saying to sell it and if we look Stochastic clear signals for more bearish... If breaks 1276 then we can expect 1265 and 1250

For past couple of weeks Gold has turned to bearish after establishing a six-month high at 1392 approx on 17-Mar and started his downfall. A major factor that pushed this yellow metal through technical level was Fed chairman Yellen’s comments on 19 th of March 2014. Gold continued moving lower and reached 1285 level but did not breach this level as its getting a strong support from trendline. Also, by applying the Fibonacci retracement tool the 1285 matches with the 50% retracement level and Gold has retraced from here. Although a strong reversal signal seen on Gold’s Daily chart which is a “Bullish Harami” candle, it is a bullish reversal candlestick pattern which is moderately reliable and tell us that the trend is about to change. By following the trends the 50-period moving average crossed above the 200-period moving average and this is an additional negative indication which called “Golden Crossover.” However, the RSI (5) is giving us oversold signal and it is below 30 terr...

5 Events Could Cause Volatility Spikes Tomorrow Who needs the NFP Friday when we have FIVE major economic reports coming up tomorrow! Here’s what you need to know about tomorrow’s major events. BOE monetary policy statement (12:00 pm GMT) With the manufacturing, construction, and services PMIs printing mixed reports pound traders will likely look to the Bank of England (BOE) decision for direction. Unfortunately, the BOE isn’t expected to make any changes to its interest rate and monthly asset purchases. If this is the case then we’ll have to wait for the  Monetary Policy Committee  (MPC) meeting minutes to see what the central bank thinks of the economy. ECB monetary policy statement (12:45 pm GMT) In his last European Central Bank (ECB) press conference Draghi hinted that deterioration in inflation outlook or “unwarranted” tightening of short-term money markets could trigger action from the central bank. But with euro zone inflation, GDP, and PMI surprising to...

By Kathy Lien While investors are eagerly awaiting Janet Yellen’s testimony today before the Senate Banking Committee, the sell-off in currencies, equities and Treasury yields indicate that risk aversion is the overriding theme in the financial markets this morning.  A smaller decline in durable goods orders helped to ease the selling but with jobless claims rising, the relief rally in USD/JPY and other major currencies was limited.  Durable goods orders fell only 1% in the month of January compared to a forecast of -1.7% but what made the report positive for the greenback was that excluding transportation orders, durable goods rose 1.1%. After the sharp decline in December, investors were really hoping for a rebound in January and even though there was a large pullback in transportation orders, demand for other goods improved significantly – a sign that confidence could be improving in the economy. Meanwhile the 14k increase in jobless claims is discouraging but not overl...

Leverage is the ability to use something small to control something big. Specific to forex trading, it means you can have a small amount of capital in your account controlling a larger amount in the market. Stock traders  will call this trading on margin. In forex trading there is no interest charged on the margin used and it doesn't matter what kind of trader you are or what kind of credit you have. If you have an account and the broker offers margin, you can trade on it. The obvious advantage of using leverage is that you can make a considerable amount of money with only a limited amount of capital. The problem is, that you can also lose a considerable amount of money trading with leverage. It all depends on how wisely you use it and how conservative your risk management is. Leverage Amounts Leverage is usually given in a fixed amount that can vary with different brokers. Each broker gives out leverage based on their own rules and regulations. The amounts are typically 50:1, 100...

The Japanese yen was the big winner of a volatile week that saw new levels for a few currency pairs, and ended with risk off sentiment. The Fed decision is naturally the most important event, and is accompanied by the first releases of GDP in the US and the UK, as well as other events. Here is an outlook on the main highlights on the coming days. US existing home sales disappointed with 4.87 million. Even though the next taper is on the way, it served as an opportunity to sell the USD against the recovering pound (lower UK unemployment rate) and euro (strong German PMIs). It was a different story against the Aussie and the CAD, as both were hit by their central banks. A talk about AUD/USD at 0.80 in Australia and relatively dovish comments in Canada sent these currencies to multi-year lows. And towards the end of the exciting week, the crisis in Argentina together with fears about China boosted the safe haven yen. Let’s start, Updates: German Ifo Business Climate: Monday, 9:00. German...