Recent content by owais

Ofcourse i or anyone would have said if USD went up. But looking at the market, USD is Bearish, and we have mantaining that forecast of EUR/USD to touch 1.30 very soon and USD/JPY 114 levels. Chinas FX diversifying decision, gave another Slam on USD. Looking much closely 1.2834 levels crossed in...

The USD is lower as more talk of China diversifying its USD1 trillion of reserves. The JPY is helped by a warning from Bank of Japan Governor Toshihiko Fukui about the risks of a snap back in carry trades. But an unexpected fall in Japanese machinery orders helps to keep a lid on JPY gains...

NYMEX LIGHT SWEET CRUDE: Holds Above 21-Day Moving Average RES 4: $61.71/79 23.6% of $56.55 to $78.40, daily high 26 October RES 3: $61.25 Current top of daily Bollinger band RES 2: $60.80 Resistance line 28 Sep RES 1: $60.54/56 Daily highs 17 Oct, 6 Nov CURRENT LEVEL: 59.03 SUP 1: $58.90/00...

The US dollar managed to hold steady overnight despite a deterioration in the manufacturing ISM adding to the general outlook for slowing US growth, and EURUSD traded in a 1.2746 to 1.2799 range while USDJPY traded 116.57 to 117.17. US 2 and 10-year Treasury yields fell by a further 3 and 5 bp...

Silver has spent much of the month of August in a fairly tight trading band between the 23rd's 12.69 high and the 14th's 11.74 low. The inability to push below the bottom of this band suggests that this consolidation fits into the category of continuation pattern. Thus, the odds are growing in...

USDJPY moved higher in Asia today following Japan's weaker than expected CPI release seeing the pair trace out a 116.43 - 116.92 range. In contrast, EURUSD traded a relatively tight 1.2748 - 1.2782 ahead of today's Jackson Hole symposium. Indeed the focus for the USD today will be on Fed...

As we did mention Earlier, Mostly the market has awaited for this BIG week. Keep visiting our Posts, and site, and there is So much more to come for you all. Cheers

Yes Sir, Dont Panick. Its just we have Traders Organizing there Protfolio today, Closing positions, some entering. So thats why we dont have Much movements, and playing in tight ranges Tommorrow (Aug8) is a Big day, And Heavy Liquidty trading will happen. We shall Advice further. Thanks

Hye sir, How are you? Right now we see 12.355 for Silver, So lets see if it crosses and goes to 13.036, Well we dont expect Such Heavy Movements today, as most of the traders awaiting for Aug8. However, we shall Advice. Thanks Owais

BOE gave a Solid Suprise today, by rising the Rates .25 bp to 4.75. A Solid 100 Pips+ move in GBP/USD. ECB also lifts rates by 25bp to 3%, as widely expected. Tone of rhetoric in the 1230 GMT press conference is now key to market direction. No Much Reaction in EUR/USD markets waits for the...

hmmm.. "clear as mud " cheers

Gold did its technical correct, Hit a Very Solid Resistance and came towards the Support 645/6 level. Crossing that will make it go 639. We feel Gold will hit the 30 minutes Chart - MA200 which lies around 640 level. But we shall see how the data comes. Market is mostly sideline, due to few...

Precious metals had a good day yesterday Gold kept its intra day volatility and Silver finally had a clear breakout of the range testing higher levels tracking the Gold, but closed strong in difference of the December gold which fell back later in the session. Gold still in the volatile mood...

Swiss PMI yesterday came out firmer than expected at 65.1, well above the 63.7 consensus while this morning July CPI came out marginally weaker than expected at 1.4%y/y. We continue to see downside risk for EURCHF, both given ongoing geopolitical events and the prospect for fairly neutral...

The US dollar was mixed overnight, with EURUSD chopping around either side of 1.28 for most of the US session, while USDJPY was more volatile but also little changed on net. EUR/USD currently trades at 1.2742 coming down from its high levels1.2833 levels at Asia Forex Trading hours, People are...