piponomics

piponomics

OVERVIEW : Gold prices ended the session solidly higher and scored another three-month high Wednesday. We feel that the market will more than likely trying to reach towards the $1150 level. Technically market is looking strong on chart and prices is trading above the resistance trend line in its daily chart. In 4 hourly chart, prices is sustaining above its...

piponomics

The primary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7665 and support at the level of 0.7525. If it breaks its resistance...

piponomics

Please find the market trend of GBPUSD. Resistance is at 1.4446 if its break it will go bullish. Support is at 1.4395 if its break then will go bearish till 1.4325. - IMPORTANT NEWS TODAY: WED, FEB 03 12.00am NZD : RBNZ Governor Wheeler Speaks 12.30am AUD : Building Approvals m/m (Actual 9.2%, Forecast 4.8%, Previous -12.4%) AUD : Trade...

piponomics

Guys..... Crude oil market fell significantly during the course of the session on Monday, slicing through the $32 level. Because of this, market look as is ready to go lower. Below the level $ 30, we feel that the market will more than likely trying to reach towards the $28 level. Technically market is looking weak on chart and prices is trading below the...

piponomics

Stocks and Gilts rose, but prices for industrial metals and the US dollar retreated after the minutes of the US central bank’s policy meeting were released overnight. The initial reaction from many traders and economists to the Federal Reserve’s minutes was that a December interest rate hike was now quite possible, but for some – especially the former –...