US News

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD managed to hold out its bullishness last week, in spite of the current short-tern consolidation in the market. Price reached the resistance line at 1.0800 and moved sideways till Friday. Many unsuccessful attempts were made to overcome the resistance line at 1.0800, but […]

Oil prices dropped by 10% last week, with the news of the North American production being stronger than expected. This news triggered the oil market’s price volatility. The volatility of the international oil markets fell from September 2016 to January 2017. The expected output cuts from OPEC countries including Russia caused the expectancy of crude […]

Since the FEDs increase in benchmark rate by 25 basis points last week, the gold prices have reached near the highest level of more than two weeks. In other words, the fall of the US dollar has led to further strength in gold prices. The spot gold fell 0.2% to $1.232.41 per ounce at 3pm […]

The EUR/USD went north last week – just as it was predicted. Although the market went south on Monday and Tuesday, it went northward in the last few days of last week. Price went briefly above the resistance line at 1.0750 and later closed below it on Friday. This week, some vivid correction is expected, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair trended downwards on March 13 and 14, testing the support line at 1.0600. From the support line, price rose by 180 pips, going briefly above the resistance line at 1.0750 and then closing below it on Friday. The bullish signal is still […]

Lloyds shares (LSE:LLOY) are currently consolidating, having trended downwards in the months of October 2016 to February 2017. Price is now consolidating. In the chart, it can be seen that in spite of its consolidation, price has managed to stay above the upper Trendline, which was breached in December 2016. The RSI period 14 is […]

The EUR/JPY moved sideways in the first few days of last week, and then broke northwards, gaining about 280 pips. Price closed at 122.51 on Friday, ready to go further northwards. This week, the outlook on JPY pairs is bullish and EUR/JPY is expected to continue going upward, by at least, another 200 pips. Another […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair trended downwards from Monday to Thursday and then rallied significantly. This has resulted in a bullish bias on the market, as price nearly reached the resistance line at 1.0700. This week, further rally is anticipated because the outlook on Greenback is bearish […]

Barclays stock (LSE:BARC) is not currently attractive, as price has been consolidating since December 2016. Prior to that month, the market was in an uptrend. Price is almost neither below nor above the EMA 21, and the Williams’ % Range period 20 is also neither in the overbought nor in the oversold territory. Then where […]

Apple shares (NASDAQ:AAPL) are a bull market. Price has been going upwards since November 2016 – something that is still in place. The market gapped upwards at the beginning of February 2017, and trended throughout that month. In this month, price has consolidated so far but when momentum returns to the market, it would most […]