Gold prices are rebounding, as the US Dollar declines on NFP data. Expectations for today’s NFP (Non-Farm Payrolls) event were set at 200k, and released better than expected at 235k. Also, January’s high was revised upwards from 227k to 238k. Technically, gold prices have found support after declining to a 76.4% Fibonacci retracement level found near $1,200.00. This line has been calculated by measuring the distance between the January ...
Weekly Outlook: 2017, February 12 - February 19 GDP data from Japan and Germany, Inflation data from the UK and the US, Janet Yellen’s testimony before the US Senate, US retail sales, Crude Oil Inventories, Building Permits, Philly Fed Manufacturing Index and Employment figures from the US, The UK and Australia. These are the main events on Forex calendar. Japan GDP data: Sun 23:50. Economists expect a 0.3% growth ...
US Dollar Forecast: US Dollar Still in Trump Watch Mode as FOMC, Key Data Loom The US Dollar might have been encouraged to rise by supportive data flow and an optimistic Fed but lingering fiscal policy uncertainty severely complicates things. British Pound Forecast:GBP/USD to Take Cues From FOMC/BoE Interest Rate Outlook The Bank of England’s (BoE) ‘Super Thursday’ event may shake up the near-term outlook for GBP/USD should ...
Gold Q1 2017 Forecast - Gold Weakness to Subside With Fed on Hold in First-Half of 2017 Fundamental Analysis "After raising the benchmark interest rate in December, the upcoming rotation within the Federal Open Market Committee (FOMC) may push the central bank to retain the current policy at the next meeting in February as Chicago Fed President Charles Evans, Philadelphia Fed President Patrick Harker, Dallas Fed President ...
W1 price is located above Ichimoku cloud in the bullish area of the chart. The price is on ranging within the following key support/resistance levels: 1375.11 resistance level located far above Ichimoku cloud in the bullish area of the chart, and1302.36 support level located above Ichimoku cloud in the beginning of the secondary correction to be started on weekly chart. Descending triangle pattern was formed by the price to be crossed to below for the correction to ...
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