Gold – XAU/USD Pivot / Support and Resistance Levels according to Daily Chart: S3: 1271.88 | S2: 1288.05 | S1: 1300.63 | PP: 1316.80 | R1: 1329.38 | R2: 1345.55 | R3: 1358.13 In the past couple of days, Gold was bearish and almost tested the 1300 level which offered the instrument enough support to push it slightly up and ... Read More »
Euro – EUR/USD Pivot – Support and Resistance Levels based on Daily Chart: S3: 1.3044 | S2: 1.3074 | S1: 1.3128 | PP: 1.3159 | R1: 1.3213 | R2: 1.3243 | R3: 1.3297 (EURUSD Weekly Chart) Last week the Euro made a high of 1.3225 and a low of 1.3100. The pair during the week was significantly bearish to find ... Read More »
European markets were trading marginally higher in today’s morning session as stocks of mobile device manufacturer Nokia surged 46% after Microsoft confirmed it will purchase the Finnish firm’s mobile business for $7.2B. The FTSE 300 Index gained in a choppy morning session. After a broad rally yesterday in all the sectors, technology stocks lead the gains today, gained by over ... Read More »
Crude Oil Pivot / Support and Resistance Levels according to Daily Chart: S3: 105.017 | S2: 105.573 | S1: 106.157 | PP: 106.713 | R1: 107.297 | R2: 107.853 | R3: 108.437 Yesterday, Crude Oil started the day bearish to reverse and end the day significantly bullish. We think politics and things happening in Syria will highly affect Crude Oil ... Read More »
Sterling – GBP/USD Pivot – Support and Resistance Levels based on Daily Chart: S3: 105.017 | S2: 105.573 | S1: 106.157 | PP: 106.713 | R1: 107.297 | R2: 107.853 | R3: 108.437 Yesterday the GBPUSD started the day bullish and triggered our buy signal that was sent yesterday but ended the day with a pullback down giving us an ... Read More »
US Equity Markets US stock index futures increased steeply today, following major Asian and European markets trading higher supported by stronger PMI data from China and Europe. Both the official and HSBC’s manufacturing PMIs for China indicated a progress during the last month, while the PMI readings for Germany, the combined Europe and the UK all increased during the last ... Read More »
Currency Market Headlines UK Mortgage Approvals hit 5 year high – GBP celebrates fruitful August gains. Eurozone Unemployment at 12.1% – CPI inflation down to 1.3%. US inflation remains low – Chicago Fed impresses at 53.0. Canadian GDP (MoM) down 0.5% – Q2 growth at 1.7%. Sterling GBP appreciated against the USD on Monday after the release of strong U.K. ... Read More »
European stocks were trading higher today morning as the US hold up a probable military strike against Syria, reassuring market fears over another Middle Eastern conflict. European markets increased the most in eight weeks, bouncing back from their second weekly drop, as a measure of Chinese manufacturing activity posted an upbeat data confirming the manufacturing sector in the country expanded ... Read More »
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