OfficialYaMarkets

OfficialYaMarkets

Bank of England policy maker Jonathan Haskel said he’s prepared to back more monetary support for the U.K. if necessary as he warned that the near-term risks to the economy lie to the downside. He also signaled he’s supportive of negative interest rates as a policy tool, noting research that suggests it may have had a positive effect elsewhere. Prime Minister...

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Gold prices were steady as mixed statements regarding the new Coronavirus relief bill, kept the bullion afloat. Top White House officials downplayed the possibility of more coronavirus relief, while House Speaker Nancy Pelosi disparaged U.S. President Trump for backing away from talks on a comprehensive deal. U.S. Federal Reserve policymakers split over how to...

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Gold prices on Wednesday hovered near a one-week low hit in the previous session, after U.S. President Donald Trump halted new stimulus talks, bolstering the dollar. Prospects for more aid for Americans struggling through the COVID-19 pandemic and U.S. airlines seeking to avert a wave of layoffs crumbled on Tuesday when Trump ended negotiations until after the...

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Suggestion: SELL AUDUSD AT CMP 0.71510 SL ABV 0.7230 TGT 0.7110/7095 ELSE BUY ABOVE 0.7235 TGT 0.7285/90 SL BELOW 0.7180

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Suggestion: SELL GBPJPY AT CMP 137.10-20 SL ABV 137.90 TGT 136.50/136.60 ELSE BUY ABOVE 138 TGT 139.50/70 SL BELOW 137.20

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GDP data from UK came in at -19.8 percent against market expectations of -20.4 percent. Brexit is far from being resolved. France has adopted a tough line on fisheries, a sensitive topic in London. Moreover, both sides are at loggerheads on state aid and other topics. Neither Brussels nor Britain published any details on progress, undermining sterling's...

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Gold jumped 1% hitting almost a two week high, on optimism around a U.S. stimulus bill and a weakened dollar, despite gains in the stock markets after reports that U.S. President Donald Trump could soon e discharged from the hospital. Optimism over fiscal stimulus came into play after upbeat weekend comments from U.S. House Speaker Nancy Pelosi, who said progress...

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Last week, WTI Crude prices ended lower by 8 percent as worries over second wave of the covid-19 virus clouded the demand prospects for Crude. Resurgence of the covid-19 virus is a major setback for the already shackled Oil market. Alarming increase in Covid-19 cases raised worries over reinforcement of lockdown in major economies which undermined the outlook for...

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Bullion is seen attempting to regain some status above support at $1,882, despite leaving behind channel resistance-turned support, etched from the high $1,703. If buyers maintain a dominant position north of $1,882 this week, are traders likely to seek all-time peaks at $2,075? Upside momentum subsided heading into Wednesday’s session, and continued to establish...

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GDP data from UK came in at -19.8 percent against market expectations of -20.4 percent. The latest round of discussions began on Tuesday and reports indicate that negotiators will begin the process to finalize a deal as soon as possible. Prime Minister Boris johnson is considering slapping additional restrictions to curb COVID-19, especially in northern England....

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Crude oil plunged below 40$ on opec output news, Daily chart suggesting more weakness ahead till 35.50 levels with a mild support at 36.55 (sept 8th low) Upside resistance lies at 38.80 or 136ma. Almost all timeframes RSI trading at over sold regions giving some caution for fresh sells. Who ever sold at highs can take profit here and wait for the slight rebound...

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A per yesterday outlook it fell to the channel support and gave a breakout at 135.90 and currently trading below that which becomes resistance now. Curently h4 trading with mild bearish bias with upside restricting channel resistance at 135.90 for the downside target 134.20-30 level wit a support at ma50 or 134.98. One can wait for the rise till 135.90 and can...

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Gold shot up after plunge in Asian session with a low 1889 just below previous resistance 1890 now turned to support. H4 currently trading inside ichimoku suggesting sideways trading going on with a support at ma50 1882.41 with resistance at 1913.05 or 136ma. Stochsastic, RSI and momentum picked up slowly and turned positive which shows upside target 1920 in...

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EURUSD, 4hr chart suggesting a rise till 1.1800 which could cap the rise as 200ma waiting there. Sustained well above 1.17 and a break above 1.1750 r fib 61.8% which is also today high, a break and sustain for even 15minc an rise till said level 1.1800-1.1830 upside which could cap for some time and potential targets for buyers. Overall buying is advise from...

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GBPJPY , h4 time frame currently trading in sideways with upward channel, currently heading to again channel resistance with MA13 at 135 and MA50 at 134.80 with resistance at 200ma at 137.80. Currently settled above 136ma at 136.35. One can take a buy for the upside target 200ma at 137.50-60 zone, also RSI recovered well from oversold zone suggesting more upside...

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Gold prices Gold declined after a back-to-back advance as the first American presidential debate disappointed the market by giving no clarity regarding their policies and stances. If USD is to weaken as the stimulus package accord seems far away, gold could make its way back. Technically holding above 1880 and close abv 1889 could rise again to test immediate...

OfficialYaMarkets

Gold prices Gold declined after a back-to-back advance as the first American presidential debate disappointed the market by giving no clarity regarding their policies and stances. If USD is to weaken as the stimulus package accord seems far away, gold could make its way back. Technically holding above 1880 and close abv 1889 could rise again to test immediate...

OfficialYaMarkets

We are seeing a mid-probability bearish scenario as the price is going to retest 1st resistance at 94.15. Price could retest and reverse from there and could drop towards support at 93.81 and 93.50 where the horizontal overlap support is . EMA still indicates bearishness for price.