Another strong start to the session for Gold saw it rally towards $1,168.50 this morning, slightly beyond the price projection highlighted on Wednesday (Gold – Bullish Flag Broken Ahead of FOMC Minutes). The yellow metal ran into resistance just ...

After a brief period of consolidation over the last week, Gold has pushed higher today, breaking through the top of the flag formation – a bullish continuation pattern. The break above the flag, highlighted yesterday (Gold – Flag points to bullish ...

The euro has been paring gains against the dollar recently and is currently on course to extend its losing streak to four days. However, there is reason to believe that recent selling pressures could ease, opening up a continuation of the move ...

Investors will look to a batch of US economic data on Thursday as they try to determine when exactly the Federal Reserve will look to raise interest rates. A number of things have cast doubts on the Fed’s intention to raise rates this year with the ...

WTI crude is under pressure again on Tuesday and is on course to test this year’s lows, set on 18 March, of $42.70. A rally at the start of the week off a prior support – $43.20 – potentially suggested we were going to see some consolidation or a ...

Cable once again bounced off its 89-day simple moving average on Friday and has since rallied and got the week off to a good start, despite some weakness early in the European session. The failure to break below Friday’s lows this morning could be ...

A very big week lies ahead for the markets with huge amounts of data being released alongside a number of key central bank monetary policy decisions. The Bank of England’s decision on Thursday will also be accompanied by the release of its quarterly ...

With the Federal Reserve opting to remain coy on Wednesday, investors once again find themselves studying the economic data and trying to determine whether it satisfies policy makers requirements in order to raise rates in September. The FOMC ...

European futures are pointing to a higher open on Wednesday ahead of the FOMC decision and statement this evening, which could offer clues on the timing of the first rate hike in more than nine years. While indices are expected to open higher, ...

The euro is facing a big test as it attempts to maintain its recent momentum against the dollar and break through a major resistance level that would strongly call into question whether this pair could in fact hit parity by the end of the year, as ...

It could be a very interesting week for the markets, dominated by the Federal Reserve meeting on Tuesday and Wednesday that could determine how the markets trade over the next couple of months. Corporate earnings will also remain a big focus this ...

As highlighted yesterday (GBPUSD – Possible Morning Star on Key Support), cable was starting to look more bullish again following a week or so of consolidation and, despite threatening not to at times, the morning star formation was completed. This ...

The euro failed to hold on to early gains against the dollar yesterday and extended its losing streak against the dollar to four sessions. But that doesn’t necessarily mean that any consolidation or correction has already played out and today’s ...

A quieter week on the economic calendar and less news flow from Greece may be easing us into the quieter summer months however there is still plenty to focus on in the markets, with commodities grabbing plenty of attention. Meanwhile, earnings ...

Cable is trading at an important level having rallied strongly today following hawkish comments from Bank of England Governor Mark Carney and disappointing US retail sales figures. The pair was looking bullish up until a week ago when it broke below ...

As mentioned yesterday (EURUSD – Greek Deal Prompts Bearish Move), the euro appears to have moved back into a bearish phase against the dollar, with the Greek “deal” potentially removing one risk event and bringing attention back to the Fed rate ...

With Greece having agreed to a bailout deal, at least in principal, on Monday morning and the vote not taking place in its parliament until tomorrow, investors are free to focus on other things on Tuesday and fortunately, there is no lack of ...

On the day that Greece has struck a deal with its creditors on a new three-year bailout, the euro, to the surprise of many, is down heavily against the dollar and further declines may follow. It seems logical to think that a positive result for the ...

Cable was looking quite bullish for a while having broken to new highs for the year back in the middle of June. The consolidation that followed looked like a typical flag formation which is a continuation pattern, in this case a bullish setup. ...

Cable is looking much more bullish since breaking though the 233-day simple moving average a couple of weeks ago and now it faces a key test of its bullishness, with the retest of that key SMA. When a big support or resistance level is broken, a key ...