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FXGLORY

ForexTechnical Analysis

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Technical analysis of Gold dated 08.10.2012

 

The price of gold has increased and it has gone up to its important resistance range by making the supportive bottom of 1526.85 on determined supportive levels in the picture below. Right now the price of gold has been stopped by reaching to its resistance range which is made of 1804.62 and 1790.99 levels and has made a top price in 1795.66 level.

 

Right now the price is in Divergence mode with the RSI indicator and this shows the possibility of a price decrease during the next days. In weekly time frame, the price by making a sort of candles (for example Doji) shows that gold is on a top price, and warns about being of gold in a peak price. Stoch indicator is in saturation sell area in this time frame and shows the possibility of decrease and descends of the price according to the next cycle. Generally until the top price of 1795.66 is preserved, the price has the potential to descend.

 

Gold-2012.10.08.jpg

 

FxGlory

2012.10.08

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Technical analysis of AUD/USD dated 09.10.2012

 

As it was mentioned in the previous analysis of this currency pair dated 03.10.2012, the price continued its descending and finally have reached to the supportive level. Right now the price has been stopped by reaching to the supportive region and has recorded the bottom price of 1.06230 by making the ascending candle which is obvious in the picture below.

 

Closing of ascending candle in 18th shows temporary failure of the sellers in reaching to the lower price but it doesn’t cause they stop their sell because in weekly time frame of this currency pair there is no clear sign for ascending of the price. From the top price of 1.06230 till the bottom price of 1.01474, there is AB=CD harmonic pattern with the ideal ratios of 50 to 200 which there is a warning for ascending of the price with the completion of D point in this pattern. Stoch indicator is in saturation sell area and shows the possibility of ascend according to the next cycle during the next days. Generally until the bottom price of 1.01474 is preserved, the price has the potential to ascend in this currency pair.

 

Untitled-14.jpg

 

FxGlory

2012.10.09

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Technical analysis of USD/CHF dated 10.10.2012

 

USD/CHF started to ascend from the bottom price of 0.92368 and right now have reached to the descending trend line which is drawn in daily time frame. This descending trend line is made of three peak prices and it is an obstacle for ascending of the price as it is obvious in the picture below. According to the formation of the bottom price on the 5th day and its record on the level of 0.92757, the field for breaking this trend line has been provided.

 

Closing of ascending candle at the end of the day is the first warning for more ascend in this currency pair. Stoch indicator is in saturation sell area and shows the possibility of ascend according to the next cycle in daily and weekly time frames.

 

Untitled-15.jpg

 

FxGlory

2012.10.10

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Technical analysis of GBP/ USD dated 11.10.2012

 

The price of GBP/ USD dated 21.09.2012 on the level of 1.63083 stopped ascending by making three peak prices and started a downfall. Right now the price ascends by making and recording the bottom price on the level of 1.59759. In daily time frame this currency pair on the 10th day by the formation of candle with small body and long shadows shows the preparation of market for changing of trend direction.In 4H time frame as it is obvious in the picture below , there is AB=CD harmonic pattern with the 61.8 and 161.8 ratio which the D point in this pattern shows the completion and warns the ascend of price.RSE indicator is in divergence mode with the price and shows the possibility of ascending of price. Generally until the bottom price of 1.59759 is preserved, the price has the potential to ascend.

 

Untitled-16.jpg

FxGlory

2012.10.11

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Technical analysis of EUR/AUD dated 12.10.2012

 

EUR/AUD by making a top price starts to descend on 8th day. Right now this currency pair has been stopped by reaching to the determined supportive region in the chart below and the sellers could not reach to the lower prices. In daily time frame on 11th day, a hammer candle pattern is made on the ascending trend line (the fourth point on ascending trend line) which warns about the formation of a bottom price and the end of descending.As it is obvious in the picture below, right now the conversion level (from resistance to supportive) supports the bottom price on the level of 1.25032. This bottom price is on the Fibonacci level of 23.6 (from 1.16013 to 1.28204 levels) and there is the possibility of starting a price reformation on this level. Generally according to the daily time frame the descending trend has been stopped and a bottom price has been made and until the supportive level of 1.25032 is preserved, the price has the potential to increase and ascend in this currency pair.

 

Untitled-17.jpg

 

FxGlory

2012.10.12

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Technical analysis of USD/CAD dated 15.10.2012

 

USD/CAD from the start of previous week was in a neutral trend and didn’t have a powerful movement and it swings in the range of 90 pips. Right now the price is in the descending channel in daily time frame which has shown in several cases the correct operation. When the price for the first time reaches to descending trend line channel is not able to pass through it and eventually was forced to drop but this downfall was temporary and small.

 

Right now in this currency pair there is a bottom price on the level of 0.97346 and the price for several times tends to be in descending trend line. Now the most important resistance level in front of the is descending trend line and closing of ascending candles on this line is the first warning for more ascend in this currency pair. Generally until the price is in this descending channel, there is the possibility of touching the bottom price of 0.97346 and breaking of it.

 

 

Untitled-18.jpg

FxGlory

2012.10.15

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Technical analysis of USD/JPY dated 16.10.2012

 

USD/JPY by making the bottom price on the level of 77.934 and fixing of it by the ascending candles have gone toward the descending trend line and have broken that . This descending trend line (short term descending trend line in the picture below) nicely has avoided the price ascending Twice till now but finally for the third time by the pressure of buyers purchase is removed.As it is obvious in the picture below, with the formation of third point of ascending trend line (The long lower shadow in the formation of this point indicates the importance and consideration of the traders to this level) prepared the field for increasing of the price in this currency pair and breaking of descending trend line. Stoch indicator in daily time frame shows the possibility of ascends and increases of the price in the next candles according to the next cycle. Generally by breaking of descending trend line, there is a warning for more ascend in this currency pair and the most important price aim and next resistance level for the buyers is long term descending trend line which is made of three peak prices.

 

usdjpy-10.16.jpg

 

FxGlory

2012.10.16

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Technical analysis of NZD/USD dated 17.10.2012

 

NZD/USD in 14.09.2012 has been stopped by reaching to the resistance level of ascending channel and has been made Shooting Star candle pattern and finally the price goes toward supportive line channel with its downfall. Right now the price has stopped by facing the ascending trend line (the formation of the third point on ascending trend line) and has made Hammer candlestick pattern on this line which shows the failure of buyers for reaching to the lower price.

 

During the last week as it is obvious in daily time frame, this currency pair is in neutral range (The formation of candles with a small body) that shows Market uncertainty and indecision. Stoch indicator in daily time frame shows the possibility of ascends and increases of the price in the next candles according to the next cycle. Generally until the bottom price of 0.81069 is preserved, there is the possibility of increase and ascend of price in this currency pair.

 

Untitled-19.jpg

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Technical analysis of Gold dated 18.10.2012

 

As it was mentioned in the previous analysis of Gold dated 08.10.2012, the price has been stopped and had a downfall by reaching to resistance levels. Right now in daily time frame, Gold by reaching to the Fibonacci level of 23.6 from 1527.03 to 1795.68 levels has been stopped and formed a bottom price on this Fibonacci level.Generally until the supportive level of 1728.07 is preserved, price has the potential of ascending from this bottom price. Stoch indicator in daily time frame shows the possibility of ascends and increases of the price in the next candles according to the next cycle. In 4H time frame the price has been stopped by reaching to the descending trend line and has formed a top price. Right now there is a little downfall in price and cannot pass this resistance level. There is the possibility of decreasing in price according to the descending trend line in 4H time frame. Breaking of descending trend line and closing of the first ascending candle on this line is the first warning for starting of the ascending trend and increase of price.

 

Gold-2012.10.18.jpg

 

FxGlory

2012.10.18

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Technical analysis of AUD/USD dated 19.10.2012

 

As it was mentioned in the previous analysis of this currency pair dated 09.10.2012, according to the formed signs, there is the possibility of ascend which finally It happened. the price during its ascend , by reaching to the 50% Fibonacci level ( one of the most important recursive ratios ) has been stopped from AB wave and warns the formation of a top price . The formation of Shooting star and Harami candle patterns shows the failure of sellers in reaching to the higher prices and the formation of a top price and finally decreases of price.

 

Stoch indicator in daily time frame is in saturation sell area and shows the potential of descending of the price. In 4H time frame of this currency pair , right now there is AB=CD harmonic pattern with the ratios of 61.8 and 161.8 which the D point of this pattern is complete and keeps going . The formation of a bottom price of 1.03525 during descending from D point of AB=CD pattern shows facing of price with the drawn channel (from resistance to supportive). The starting point of this cannel is the supportive bottoms of A and C. The price for more descend needs to eliminate the supportive bottom of 1.03525 , generally according to the formed signs , until the resistance top of 1.04099 is preserved the price has the potential of descend and decrease .

 

Untitled-110.jpg

FxGlory

2012.10.19

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Technical analysis of USD/CHF dated 22.10.2012

 

USD/CHF in its descending by reaching to the level of 0.92114 has been stopped and has formed a supportive bottom. Right now the price in its ascending trend has reached to descending trend line and has stopped as it is obvious in the picture below. Despite the fact that descending trend line in 09.10.2012 had been broken once and the price passed that level, but it preserved its property. The price in its ascending trend and reaching to descending trend line recorded a resistance top of 0.92886 which is obvious in 4H time frame.

 

Stoch indicator is in the same direction with the formed bottom in the price chart in daily time frame and shows the possibility of ascend in price according to the next cycles. RSE indicator is in divergence mode with the price chart which shows the possibility of formation of a bottom price for ascending. The most important sign for ascending and ending of descending trends is the formation of a bottom price in 4H time frame and finally breaking of the descending trend line and resistance level of 0.92886 in the second stage.

 

Untitled-111.jpg

 

FxGlory

2012.10.22

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Technical analysis of EUR/CAD dated 23.10.2012

 

EUR/CAD in its recent ascend could record the highest price level of 1.30094. The price level of 1.30000 has the important psychic and resistance property because of being round that is known as resistance level here and traders pay attention to it. As it is obvious in the picture below, this currency pair is in an ascending channel which the price has reached to the resistance edge of it and has been stopped. The top price of 1.30094 is fixed and the price decreased in the same direction of Stoch indicator in 4H time frame.

 

RSI indicator is in divergence mode with the price and shows the potential of descending of the price . The top price of 1.30094 in daily time frame appeared like a Shooting Star candle pattern that is the warning for descend and the possibility of formation of a top price. The best confirmation for this candle pattern is closing of relatively long descending candle on today. Stoch indicator is in saturation buy area in daily time frame and shows the possibility of descend in next candles. Generally until the top price of 1.30094 is preserved, the price has the potential for descend and more reformation in this currency pair.

 

2012.10.23.jpg

 

FxGlory

2012.10.23

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Technical analysis of GBP/CHF dated 24.10.2012

 

GBP/CHF in its descending trend from the top price of 1.54952 by reaching to the ascending trend line which is made of two supportive bottoms has been stopped and has been made the third point of this ascending trend line this supportive bottom has been fixed in the level of 1.48187 and has been confirmed by the next day ascending candle. As it is obvious in the picture below , right now in daily time frame AB=CD ascending pattern with the ideal ratios of 61.8 and 161.8 is observable that with the completion of the D point there is a warning about increase of price and ascend by this pattern .formation of the third point of ascending trend line with the end point of AB=CD pattern is a powerful signal in changing the trend direction. Stoch indicator in daily time frame is in the same direction with the signals of harmonic pattern and according to the next cycle, shows the potential of increase of the price during the next candles. Generally until the supportive bottom of 1.48187 is preserved, there is the possibility of increase and ascend of price in this currency pair.

 

Untitled-112.jpg

FxGlory

2012.10.24

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Technical analysis of EUR/ NZD dated 25.10.2012

 

EUR/ NZD has been stopped during its ascend from the bottom price of 1.49631 by reaching to the descending trend line which is made of 2 resistance points , and was not capable of crossing this resistance level . Right now the third point of descending trend line has been made and the top price of 1.60541 has been recorded by the big descending candle of 24th. RSI indicator is in divergence mode with the price chart and warns the possibility of more descend during the next candles.As it is obvious in the picture below, the technical Wolfe wave pattern is observable in daily time frame which the 5th point of this pattern is completed and the price is moving toward the goal line .this pattern often make correct signals In order to change the trend in price charts. Generally until the top price of 1.60541 is preserved, the price has the potential for descend from the third point of descending trend line. By the formation of a bottom price in 4H time frame and breaking of descending trend line, there is the possibility of ascending of the price and one of the important goals for the buyers will be the Wolfe wave goal pattern line.

 

Untitled-113.jpg

FxGlory

2012.10.25

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Technical analysis of EUR/CAD dated 26.10.2012

 

EUR/CAD during its ascend has reached to the descending trend line which is made of fourth resistance point and has been stopped from more ascend. As it is specified in weekly time frame of this currency pair, the price has been stopped by reaching to descending trend line and had a small downfall. Stoch indicator is in saturation sell area in weekly time frame and warns the possibility of descend according to the next cycle.

The first important warning for ascending in weekly time frame is closing of ascending candle on descending trend line. In daily time frame, the price is in an ascending channel and by reaching to the resistance edge of channel faced with a downfall and decrease. The top price of 1.30091 is fixed by the descending candle in 23th day and the price descends a little. The first important supportive level in front of the price is the conversion level which is specified in the price chart that had stopped the downfall of price twice. Generally until the top price of 1.30091 is preserved, the price has the potential for descend in this currency pair.

 

Untitled-114.jpg

 

FxGlory

2012.10.26

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Technical analysis of CHF/JPY dated 29.10.2012

 

CHF/JPY with the formation of a bottom price in the third point of ascending trend line (the C point in the picture below) start to ascend and during its movement recorded the resistance level of 86.358. Right now the most important resistance level in front of price is 86.358 level. The price in daily time frame has been closed under the five day moving average, and there is the possibility of more descends of price.

 

As it is obvious in the picture below, there is a descending Butterfly harmonic pattern, which the D point of this pattern is completed and the price is going to descend and decrease. Butterfly harmonic pattern often forms at the end if ascending or descending trends and it is an important warning for changing of the trend. In weekly time frame of this currency pair the weekly candle is closed as descending trend , and its type is Shooting Star pattern that warns the formation of a top price and starting of a descend . Generally until the top price of 86.358 which is the ending level of (D point) Butterfly pattern is preserved, there is the possibility decrease and descend of price.

 

Untitled-115.jpg

 

FxGlory

2012.10.29

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Technical analysis of GBP/CHF dated 30.10.2012

 

GBP/CHF has been stopped during its ascend from the bottom price of 1.48200 by reaching to the descending trend line and recorded the top price of 1.51100. Right now this top price is fixed by the descending candle in 29th days. The drawn descending trend line in daily time frame had prevented from ascending of price three times, and finally the price after each encountering with the descending trend line faced a downfall.

 

Stoch indicator in daily time frame shows the possibility of descending of the price according to the next cycle. In weekly time frame of this currency pair the price has been stopped from more descend with the formation of the bottom price of 1.48200 on ascending trend line (the third point of ascending trend line). Stoch indicator is in saturation sell area in this time frame and warns the possibility of ascending of the price during next weeks. Until the third point of ascending trend line is preserved, there is the possibility of increase and ascend of price. The first important warning for ascending of the price is the formation of a bottom price in daily time frame and breaking of the descending trend line.

 

Untitled-116.jpg

 

FxGlory

2012.10.30

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Technical analysis of USD/CAD dated 31.10.2012

 

In USD/CAD by breaking of the resistance line of descending cannel, the field for increase of the price was provided as we mentioned in the previous analysis of this currency pair dated 15.10.2012. Right now the price could record the resistance level of 1.00177 during its ascend. as it is obvious in the picture below , the reason for stoppage of this currency pair and closing of descending candle in 30th day is being in an ascending channel and the formation of AB=CD harmonic pattern .

 

Between the bottom price of 0.96317 and the top price of 1.00177, AB=CD harmonic pattern with 50 to 200 ratio is formed which the D point of this pattern is completed and there is the possibility of descending of the price. The formation of D point of harmonic pattern in resistance edge of ascending candle makes the possibility of formation of a top price and finally a downfall. Stoch indicator is in saturation buy area in this time frame and warns the possibility of descending of the price. The first sign for starting of descending in price is passing of 0.99819 level. Generally until the top price of 1.00177 is preserved, there is the possibility of decrease and price reformation in daily time frame.

 

2012.10.31-USDCAD.jpg

 

 

FxGlory

2012.10.31

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Technical analysis of EUR/USD dated 01.11.2012

 

EUR/USD on 17.10.2012 by reaching to the determined resistance range which is originated from top price of 17.10.2012, was not able to pass this resistance level and finally had a downfall .during the downfall of this currency pair, the price has been stopped by reaching to the ascending trend line and has formed a bottom price on this line (the formation of fourth point of ascending trend line).With the closing of ascending candle on the supportive line on 30th day this point is fixed and there was a warning for the possibility of ascend but more with the closing of descending candle with long upper shadow (Shooting Star candle pattern) on 31st day this possibility was weaker .

 

Right now the ascending trend line is preserved and Stoch indicator is in saturation sell area and warns the possibility of increase of the price according to the next cycle. Daily time frame’s signal doesn’t have a high validity because the daily time frame indicator signal is not in the same direction with weekly time frame. Closing of ending today descending candle and breaking of ascending trend line is the first warning in this currency pair for reformation and descend. Generally until the fourth point of ascending trend line on the level of 1.28851 is preserved, the price has the potential for ascend and increase.

 

EURUSD-.jpg

FxGlory

2012.11.01

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Technical analysis of USD/CHF dated 05.11.2012

 

As it was mentioned in the previous analysis of this currency pair, according to the formed signs, there was the possibility of ascending of the price which finally happened .By breaking of descending trend line the first warning for ascending of the price is issued. After breaking of descending trend line, the price had a little descend and by reaching to the descending trend line with the new property (new supportive level) has been stopped and has made the Hammer candlestick pattern.

 

The formation of this pattern shows the possibility of formation of a bottom price and ascends of price. Stoch indicator is in the line between the saturation buy and sell and issued the buy signal and warns the possibility of ascending of the price. Right now the price during its ascend has reached to the descending trend line which is made of two resistance peak and two descending candles closed under this resistance line. The top price of 0.94154 is recorded and breaking of this line is a warning for ascending of price. In daily time frame of this currency pair the bottom price of 0.92142 is recorded by the two ascending candle and the price is above 5-day moving average. Stoch indicator confirms the ascending trend in this time frame and warns its possibility. Generally according to the formed signs , there is the possibility of ascending of price in this currency pair .

 

Untitled-1.jpg

FxGlory

2012.11.05

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Technical analysis of EUR/JPY dated 06.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 16.08.2012 according to the formed signs, there was the possibility of ascending of the price which finally happened. The price starts to ascend from the 5th point of Wolfe Wave pattern and goes toward the goal line. Right now the price reached to the descending trend line which is made of the points 2 and 4, and by reaching to this line, it was not able to ascend more and made a top price under this resistance level.

 

In daily time frame of this currency pair the top price of 104.592 is recorded and the weekly candle as Shooting Star candle stick pattern shows the failure of the buyers in reaching to the upper prices and also it warns the formation of a top price and finally the descend of price . In daily time frame the price is in divergence mode with RSI indicator and warns the possibility of descending of the price. The price during its downfall could pass the ascending channel and reaches to the supportive level of 102.121 which is one of the important supportive levels. Breaking of the supportive level of 102.121 is the first warning for descending of the price. In weekly and daily time frame of this currency pair, there is no stable sign for increase of price and start of the ascending trend. Generally until the top price of 104.592 is preserved, there is more potential for price reformation in this currency pair.

 

Untitled-11.jpg

 

FxGlory

2012.11.06

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Technical analysis of GBP/CHF dated 07.11.2012

 

GBP/CHF has been stopped during its ascend from the bottom price of 1.48200 by reaching to the descending trend line and recorded the top price of 1.51145. As it was mentioned in the previous analysis of this currency pair dated 24.10.2012, there was the possibility of ascend in price by the formation of AB=CD harmonic pattern which finally happened. If the candle closes as descending trend today, there will be the top price of 1.51145. In daily time frame the descending trend line three times prevented from the increase of price and finally the price after each encounter with descending trend line had a downfall.

 

In weekly time frame of this currency pair the price has been stopped from more descend with the formation of the bottom price of 1.48200 on ascending trend line (the third point of ascending trend line). Stoch indicator in this time frame warns the possibility of ascending of the price during the next weeks according to the next cycle. Until the third point of ascending trend line is preserved, there is the possibility of increase and ascend of price. The first important warning for ascending of the price is breaking of descending trend line. Generally until the top price of 1.51145 is preserved, there is the possibility of decrease and descend of price.

 

Untitled-12.jpg

FxGlory Broker

2012.11.07

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Technical analysis of USD/CAD dated 08.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 31.10.2012, according to the formed signs in this price chart, there was the possibility of a price downfall which finally happened. The price during its downfall has been reached to the supportive edge of ascending cannel and has been stopped and formed the bottom price of 0.98740.

 

The formation of long lower shadow on 7th day candle shows the importance and sensitivity of price to the ascending trend line, and finally the traders’ attention were toward this supportive level. If the ascending candle closes today, the bottom price of 0.98740 will record. Stoch indicator according to the next cycle warns the possibility of ascend and increase of price in daily time frame. The most important warning for ascending is the breaking of resistance level of 1.00187 and generally until the supportive level of 0.98740 is preserved; the price has the potential for ascending from supportive edge of ascending channel.

 

Untitled-13.jpg

 

FxGlory

2012.11.08

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Technical analysis of EUR/AUD dated 09.11.2012

 

EUR/AUD from 05.10.2012 has a descending trend and right now it is in a descending channel. Right now the price has closed under 5 day moving average and follows the descending trend. The price by facing the supportive edge of descending channel and being in 50% Fibonacci correction has been stopped from more descend temporary and recorded the bottom price of 1.21924. The formed candle on 8th day is hammer candlestick pattern which warns the possibility of formation of a bottom price and finally ascend of price.

 

Stoch indicator is in saturation sell area and warns the possibility of increase of the price according to the next cycle; also it is in divergence mode with the price chart and warns about ascending of the price. Closing of daily candle as ascending trend upper than hammer candlestick pattern recorded the bottom price of 1.21924 and is an important warning for ascending of the price. Generally until the bottom price of 1.21924 is preserved, there is the possibility of increase and price reformation.

 

Untitled-14.jpg

 

FxGlory

2012.11.09

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Technical analysis of EUR/GBP dated 12.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 01.10.2012, there was the possibility of the price ascend which finally the price passed the supportive level of 0.79230. The price during its ascend has recorded the resistance level of 0.81633 which is one of the important resistance level. The price during its downfall from the mentioned top price by reaching to the ascending trend line (the formation of the third point of ascending trend line) has been stopped from more descend and has recorded the bottom price of 0.795587 by closing of the daily ascending candle on 9th day.

 

Stoch indicator shows the possibility of ascend (also the divergence mode with the price) in daily time frame according to the next cycle. In 4H time frame as it is obvious in the picture below , there is Wolfe Wave ascending pattern and warns the ascending of price up to the goal line . By the formation and completion of the 5th point of this pattern, there is a warning for ascend and increase of price. The price during its ascend from the 5th point of Wolfe wave pattern and reaching to the descending trend line is not able to ascend more and with the formation of two Shooting Star candlestick patterns has formed the top price of 0.80070 . Breaking of the descending trend line is the first important warning for ascending in this currency pair.

 

Untitled-15.jpg

 

FxGlory

2012.11.12

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    • Date: 12th November 2024. Market Buzz: Trump Trade Impact! “Trump trade” has boosted the US Dollar and US stocks, but Trump’s policies may have less favorable effects on global assets. Trump’s plan to raise tariffs is expected to negatively impact economies worldwide, especially exporters like China. Asia & European Sessions:   Bitcoin Surge! Bitcoin broke $90K, driven by Trump trade once again. Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs, interest rate cuts by the Federal Reserve and Trump’s cryptofriendly agenda. Crypto market capitalization has exceeded its pandemic-era peak, reaching $3.1 trillion. Traders are betting on Bitcoin reaching $100,000 by year-end, according to data from the Deribit exchange. Open interest — or outstanding contracts — for CME Group Inc. futures for Bitcoin and second-ranked Ether (ETHUSD) scaled records on Monday, a sign of growing engagement by US institutional investors. Asian shares dropped, alongside European and US equity futures, as traders evaluated the implications of President-elect Donald Trump’s policy agenda and potential cabinet choices. The MSCI Asia Pacific Index fell for a third consecutive day, driven by rising Treasury yields amid concerns that Trump’s proposed tax cuts could increase inflation. There are also reports that Trump is considering two individuals for prominent roles in his administration with track records of criticizing China. DAX and FTSE100 are down -1.1% and -0.5% respectively, after a pickup in German HICP inflation and higher than expected UK wage growth dampened easing expectations. Investors await the US CPI report for insights into the Fed’s easing path, as Trump’s inflationary policies may lead to fewer rate cuts. Financial Markets Performance:   The USDIndex continues to rise and is currently at 105.75. It hit a 1-year high. EURUSD drifts to 1.0620 and GBPUSD is in a sell off, currently at 1.2800. Oil prices fell after their biggest 2-week decline, amid a weak demand outlook from China, a stronger US Dollar, and concerns over a potential oversupply. Crude oil has traded within a narrow range since mid-last month, influenced by Middle East tensions, the US election, and OPEC+ output decisions. Gold remains under pressure and is currently at just $2604.36 per ounce. It hit a one-month low, down 5% since Trump’s election victory, as a strong dollar and US equity rotation pressured the metal. Gold’s decline was also technical, breaking below the 50-day moving average, causing funds to cover long positions. Despite recent drops, gold remains up 25% for the year, supported by central bank purchases and geopolitical risks. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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