Global Forex

Global Forex Forex trading is a good source of earning on internet. It is very reliable and profitable business in which buying and selling of currencies is carried out

for whom is looking for extra income and he want to work from home or at any other place we are here to help you how . Meta trader 4 is a Forex system which helps you to buy or sell international Currencies in addition to Gold ,Silver and Crude oil.....

30/12/2016

Gold Day Trading: Height cushions.
Fulcrum: 1153.90

Our preference: Buy above the level of 1153.90 points with goals at 1168.00 and 1172.00.

Alternative scenario: Below the level of 1153.90 targeting 1151.00 and 1148.50 levels as targets scenario.

Comments: the RSI indicates the momentum of the trend

30/12/2016

GBP / USD daily trading: upward trend higher level of 1.2265.
Fulcrum: 1.2265

Our preference: buying centers above the level of 1.2265 with targets at 1.2295 and 1.2310.

Alternative scenario: Below the level of 1.2265 with a target 1.2240 and 1.2220 levels as targets scenario.

30/12/2016

(WTI) crude oil (G7) Day Trading: uptrend high of 53.65.
Fulcrum: 53.65

Our preference: buying centers above 53.65 with targets at 54.35 and 54.45.

Alternative scenario: Below the level of 53.65 targeting 53.50 and 53.35 levels as targets scenario.

30/12/2016

EUR / USD daily circulation: the trend is still upward
Fulcrum: 1.0495

Our preference: buying centers above the level of 1.0495 with targets at 1.0575 and 1.0615.

Alternative scenario: Below the level of 1.0495 with a target 1.0465 and 1.0445 levels as targets scenario.

nvesting.com - Oil prices wavered near a five-week high in North American trade on Tuesday, following an impressive thre...
16/08/2016

nvesting.com - Oil prices wavered near a five-week high in North American trade on Tuesday, following an impressive three-day rally which boosted prices by nearly 10%, as market players shifted their focus to weekly data from the U.S. on stockpiles of crude and refined products.
Industry group the American Petroleum Institute is due to release its weekly report at 4:30PM ET (20:30GMT) later on Tuesday. Official data from the Energy Information Administration will be released Wednesday.
Crude oil for September delivery on the New York Mercantile Exchange dipped 5 cents, or 0.11%, to trade at $45.69 a barrel by 9:39AM ET (13:39GMT) after rallying to $46.21 earlier, the most since July 15.
Meanwhile, on the ICE Futures Exchange in London, Brent oil for October delivery touched an intraday peak of $48.81, a level not seen since July 7, before turning lower to hit $48.26, down 9 cents, or 0.19%.
Crude prices are up nearly 10% over the past three trading sessions amid indications major oil producers are reconsidering a collective production freeze in a bid to boost the market.
The rally started last Thursday after Saudi Arabia’s energy minister said the country would work with other oil producers to stabilize prices at a meeting in Algeria next month.
Russian Energy Minister Alexander Novak said on Monday his country is opening up to an agreement with other major oil producers to cap output "if necessary" to achieve market stability.
However, market players remained skeptical that the meeting would result in any concrete actions. An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran's refusal to take part of the initiative.
Despite recent gains, indications of an ongoing recovery in U.S. drilling activity combined with elevated stocks of fuel products around the world is expected to keep prices under pressure in the near-term.
According to oilfield services provider Baker Hughes, the number of rigs drilling for oil in the U.S. last week increased by 15 to 396, the seventh consecutive weekly rise and the 10th increase in 11 weeks.
The continued increase in U.S. drilling activity fueled speculation that domestic production could be on the verge of rebounding in the months ahead, underlining worries over a supply glut

U.S. initial jobless claims slipped to 267,000 last week, the lowest level in four weeks, compared to 272,000 a week ear...
29/12/2015

U.S. initial jobless claims slipped to 267,000 last week, the lowest level in four weeks, compared to 272,000 a week earlier and median estimates of 270,000.

Continuing claims edged down by 47,000, the most since mid-September, to 2.2 million in the week ended December 12.

Investors will continue to track the labor market data after the Fed’s first interest rate hike decision this month.

As of 13:33 GMT, the dollar traded lower at 98.10 against a basket of major currencies, according to the dollar index

29/12/2015

The USDCHF par has found support above 38.2% Fibonacci level and is currently touching SMA20.
However, the pair trades below moving averages, which offers signs of contradiction amid lack of liquids due to the year-end vacations.

Therefore, we will be on the sidelines; noting that, a break below 0.9800 is negative, while stability above 0.9950 followed by 1.0000 psychological may assist the pair to start 2016 bullishly.

Support: 0.9850-0.9805-0.9775

Resistance: 0.9905-0.9950-0.9975

Direction: Sideways

GBPUSD moved lower, trading around 1.5000 whereas a breakout below it will expose 1.4950 as far as 1.5065 holds.GBPUSD c...
16/12/2015

GBPUSD moved lower, trading around 1.5000 whereas a breakout below it will expose 1.4950 as far as 1.5065 holds.
GBPUSD collapsed below 1.5060, while moving averages turned into negativity along with crossover attempt on ADX. However, a break below 1.50 is essential to affirm the bearishnes.
On the upside, a break above 1.5115 will weaken the bearishness, while real upside wave can start above 1.5240.

Support: 1.5000 – 1.4950 – 1.4895

Resistance: 1.5065 – 1.5115 – 1.5165

Direction: Bearish confirmation below 1.50.

15/12/2015

EURUSD:

Despite trading below 1.10 during the Asian session, but EURUSD started to incline again above it, which is a good catalyst.
Stability above this level and above 50% Fibonacci should bring further upside actions, reinforced by the bullishness on ADX and moving above 1.0940. A break below 1.09890 will weaken bullishness.

Support: 1.1000 – 1.0940 – 1.0890

Resistance: 1.1060 –1.1090 – 1.1120

Direction: Bullish

15/12/2015

Oil moves below moving averages and ADX shows negativity, while RSI failed to hit levels.

We will avoid trading oil now to see whether oil will stabilize below 36.00 regions or not.

Support:35.10 – 34.80 – 34.20

Resistance: 36.60 – 37.35 – 37.75

Direction: Sideways

Gold rises as crude oil surges, dollar retreats; Fed meeting on radarGold rose on Tuesday on rebound in oil prices and f...
15/12/2015

Gold rises as crude oil surges, dollar retreats; Fed meeting on radar

Gold rose on Tuesday on rebound in oil prices and further drop in the U.S. dollar, as the Federal Reserve begins its two-day policy meeting later in the day.

The precious metal hit a low of $1066.05 an ounce, while currently trading around 1062.75, compared to the session’s opening at $1059.38.

Crude oil rebounded from a low of $34.52 a barrel hit on Monday to trade around $36.40, easing some of the pressure from gold.

The U.S. dollar retreated against a basket of major currencies to 97.45, while hit a bottom of 97.22, according to the dollar index.

Some investors preferred to remain sidelined this week ahead of this week’s policy meeting that may witness the first interest rate hike in nearly 10 years.

So far, gold has lost nearly 10 percent this year, set for its third annual loss amid predictions the Fed would hike its borrowing cost.

A rise in the Fed’s borrowing cost should reduce the allure of non-interest bullion and should boost demand on the dollar.

Later in the day, the U.S. will release its inflation data for November that may signal a retreat in CPI to 0.0 percent from 0.2 percent rise in October.

Deflation fears have been one of the key factors negatively affecting gold prices, as gold is known as an inflation hedge.

European shares drop on weaker oil prices, Draghi commentsEuropean stocks slipped on Monday, trailing losses in Asia, on...
15/12/2015

European shares drop on weaker oil prices, Draghi comments
European stocks slipped on Monday, trailing losses in Asia, on lower oil prices, where ECB President Marion Draghi hinted that inflation would reach target.

Crude oil fell for a fourth consecutive session to $34.67 a barrel, the lowest level since early 2009, amid persisting glut concerns.

The weak oil prices pushed energy shares down, while the drop in the yuan raised concerns about China’s economic outlook.

China’s yuan renminbi plunged to a 4-1/2 year low against the U.S. dollar on Monday, as the PBoC set a midpoint of 6.4495, compared to 6.4358 on Friday.

The improvement in industrial production data from both China and the euro area could not boost the sentiment.

China’s factory output climbed to a five-month high in November, while the euro area’s industrial production soared 1.9 percent in October from a year earlier.

ECB Draghi said on Monday inflation will reach target after the measures announced this month, lower expectations of seeing additional measures the coming months.

However, he reiterated that the bank is ready to all policy tools to bring inflation to target.

European FTSEurofirst 300 index slipped 0.42 percent, the lowest level in two months, while Europe STOXX 600 plummeted 0.32 percent.

Germany’s DAX 30 edged down 0.53 percent to 10,285.21 points and France’s CAC 40 shed 0.05 percent to 4,547.90. Britain’s FTSE 100 added 0.17 percent to 5,962.58.

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