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Gold (XAU/USD) Wedge Breakout: After breaking above a falling wedge pattern seen in the 4H chart, gold (XAU/USD) stalled at 1323, and has been trading in a triangle consolidation. The wedge breakout was a bullish signal. The rally pushed gold (XAU/USD) above the cluster of 200-, 100-, and 50-period Simple Moving Averages (SMAs). The 4H RSI was pushed up above 70. Now if price can hold above the SMAs, the wedge*breakout is still valid, and if the 4H RSI holds above 40, there is maintenance ...
EUR/USD is trading at the crossroads ahead of a couple of ZEW Economic Sentiment data, most important of which for Germany and the Eurozone as a whole. Let’s take a look at the fundamental factors first. German ZEW Economic Sentiment – Forecast: 18.2, Previous 27.1 Eurozone ZEW Economic Sentiment – Forecast: 41.3, Previous 48.1 ...
We ended a week of central bank announcements (BoE, ECB, RBA, BoJ) with heightened geopolitical tension, which propped up the USD, and even more so, the JPY. *What will be the key fundamental factors this week? Key releases will start after a light Monday. Tuesday: Eurozone ZEW Economic Sentiment (Aug.). Forecast: 41.3, Previous 48.1 German ZEW Economic Sentiment (Aug.). Forecast: 18.2, Previous: 27.1 ...
The number of Americans who filed for jobless claims plunged last week, indicating that the labor market continues to grow stronger. Fresh applications of state unemployment benefits declined 14,000 to 289,000 for the week through August 2, said the Labor Department on Thursday. The number of jobless claims that were filed ...
Originally Posted by matfx Ex Goldman Trader Opens Bitcoin Exchange Yuzo Kano quit Goldman Sachs Group Inc. (GS) twice: once for a rival bank, the second time to open Japan’s first bitcoin exchange since the collapse of Mt. Gox. When Kano, 38, left his job as a derivatives and convertible bonds trader in December, bitcoin had climbed to a record $1,151. Three months later, it was worth half that after a $530 million heist at Tokyo-based Mt. Gox bankrupted ...
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