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09 Oct

Silver Price Analysis: Bulls to have a bumpy road despite crossing $24.00

Silver takes the bids above $24.00, prints three-day winning streak. 100-bar SMA, eight-day-old ascending trend line can offer immediate resistance. A two-week-long support line holds the gate for sellers’ entry. Silver prices rise to the intraday high of $24.12, currently around $24.07, during Fri
27 Sept

Gold Price Analysis: XAU/USD holds onto 100-DMA support ahead of the NFP week

Gold looks south, with the focus on the key 100-DMA support. $1932/42 zone is the level to beat for the bulls. Focus on US NFP release for the next direction in gold. Following the 4.5% weekly loss, Gold (XAU/USD) has locked itself in a $100 range stepping into the critical US Non-Farm Payrolls w
25 Sept

China’s Commerce Ministry: To conduct anti-dumping probe some US chloride products imports

In a statement released on Friday, China’s Commerce Ministry said that they will conduct an anti-dumping investigation on imports of some chloride products from the US, starting September 25. The probe is at the request of domestic producers and would normally last for a year, but it could be extend
16 Sept

WTI Price Analysis: Bullish conditions offer 1:3 R/R setup

Developing story. WTI is correcting a weekly impulse which gives rise to a bullish trade setup. The price has stalled at resistance and technical indicators have confirmed a bullish environment. A buy limit order can be placed at support structure with the view of a continuation of the weekly/daily
14 Sept

NZD/USD: Remains above 0.6650 against all odds

NZD/USD keeps late-Friday pullback to stay beyond 21-day SMA for the third day in a row. New Zealand’s Visitor Arrivals recovered in July, Business NZ PSI shrank in August. News that ByteDance rejects Microsoft’s offer for TikTok fails to tame the risk amid vaccine hopes. Sino-American tension, Brex
04 Sept

CMC Markets Promoted to LSE’s Blue-Chip Index FTSE 250

Photo: Bloomberg London-based trading provider CMC Markets ‎‎(LSE: CMCX) has been inducted into the FTSE 250, an index which measures the largest companies on the London Stock Exchange. Global index provider FTSE Russell has confirmed the news in the latest quarterly index reshuffle, which takes e
21 Aug

Palladium is setting up for a move higher

#XPDUSD# Palladium miners will benefit from a continued rise in palladium prices. The best ETF for palladium is PALL, but it's not very liquid and options on it are not an option. The palladium futures contract is about $200k at these prices, so it's probably the most volatile futures contract you
18 Aug

Gold Price Analysis: $1,994 is key resistance

Gold remains in a pullback mode with key Fib hurdle at $1,994 intact.  The hourly chart shows a rising wedge pattern with support at $1,953. Gold is currently trading at $1,982 per ounce, representing a 0.15% decline on the day, having printed a high of $1,990 on Monday.  The yellow metal has recov
06 Aug

GBP/JPY sits near weekly tops, bulls await a sustained move beyond 139.00 mark

GBP/JPY gains traction for the second consecutive session on Thursday. Not so dovish BoE statement provided a modest lift to the British pound. The risk-on mood undermined the safe-haven JPY and remained supportive. The GBP/JPY cross refreshed daily tops post-BoE announcement, with bulls now lookin
31 Jul

WTI Price Analysis: $40.85/80 guards immediate upside

WTI prints two-day losing streak while keeping downside break of monthly support line and 21-day SMA. 50-day SMA appears next on the bears’ radars. Bulls will have a bumpy road unless refreshing the monthly top. WTI drops to $40.16, down 0.76% on a day, while heading into the European open on Frida
27 Jul

S&P 500 Index: Second quarter of 2020 to mark a low point for earnings – JP Morgan

Equity markets have rebounded quickly from their March lows on the back of the unprecedented fiscal and monetary policy response. The second quarter of 2020 should mark a low point for earnings while corporate guidance should gradually return, which could help investors set realistic expectations fo
22 Jul

Northern Data Partners with Taiwanese Firm Gigabyte Technology

Photo: FM Frankfurt-based blockchain infrastructure firm Northern Data announced today it has developed proprietary HPC services in cooperation with Taiwanese computer hardware manufacturer Gigabyte Technology. Northern Data’s partnership with Gigabyte covers the production, supply and combination
22 Jul

PrimeXBT Pairs with CEX Direct for Alternate BTC Deposit Options

Photo: Reuters Multi-asset Bitcoin-based trading platform PrimeXBT announced this week that it has established a partnership with CEX Direct, a fintech company launched by CEX.IO, to allow users to buy Bitcoin directly from the platform. In particular, through the partnership announced on Tuesday,
08 Jul

Confirmed: GAIN Capital is Seeking CySEC Licence

Photo: FM Finance Magnates can now confirm that GAIN Capital, a US-based provider of online trading services, is in the process of securing a licence from the Cyprus Securities and Exchange Commission (CySEC). In particular, GAIN Capital confirmed to Finance Magnates that the firm is in the proces
06 Jul


#USD/CHF# The USD/CHF on the 8h timeframe has just shown the Three Black Crows pattern , moreover price lies below the EMAs and the gap is pretty wide , hence to predisposition for the trend reversal so the price is going to decline.

Pull-up Update