KhalilKarimii

KhalilKarimii

The EUR/GBP is setting up for a good reversal as we have an inverted head and shoulder pattern technical setup. But what makes this setup so appealing at the moment is the market is very bearish in the Eurozone and more bullish (relatively) the UK economy (as a whole). Rightfully so as the Eurozone faces a lot of growth issues and disinflationary pressure, while...

KhalilKarimii

The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USD/JPY pair has declined to 153.88. After the US released up-to-date data on April inflation, the likelihood of a reduction in the cost of borrowing in the country increased markedly. Both the overall and the core consumer price...

KhalilKarimii Updated 

Last week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs...

KhalilKarimii

Gold recently became extremely overbought in momentum terms against ALL major fiat currencies. For example, the following daily charts show that based on the daily RSI(14), a momentum indicator included at the bottom of each chart, gold recently became as stretched to the upside as it was at any time over the past 15 years, including at the 2011 major peak,...

KhalilKarimii

The US dollar is under pressure due to mixed domestic economic data and external factors, such as China's potential support for its housing sector and a global stock market rally. Technical analysis shows a weakening trend in the dollar index, with key resistance at 105.00 and major support around 104.30.

KhalilKarimii

Investors will be looking at the U.S. producer price index and consumer price index data this week for any indication that price pressures are finally easing after months of strong inflation gave rise to fears that the Federal Reserve may not cut interest rates this year. Markets got some relief earlier this month when Fed Chair Jerome Powell indicated that the...

KhalilKarimii

Investors will be looking at the U.S. producer price index and consumer price index data this week for any indication that price pressures are finally easing after months of strong inflation gave rise to fears that the Federal Reserve may not cut interest rates this year. Markets got some relief earlier this month when Fed Chair Jerome Powell indicated that the...

KhalilKarimii

Last week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs...

KhalilKarimii

The picture is bullish. Analysis name : Euro-Sterling Last close : 0.79060 0.78680 Last status id : none Last status text : Trading range. Current date : 2008-06-04 05:51:09 Current title : Direct rise. Current directionnal id : up Current directionnal text : Bullish Current reward id : good Current reward text : Good Current abstract text : The picture is...

KhalilKarimii

The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a possible monetary policy easing by the Bank of England (BoE). The UK's consumer price index (CPI) slowed to 3.2% year-on-year in...

KhalilKarimii Updated 

Investing.com - European stock markets traded lower Thursday on growing worries around China’s stuttering economy and the potential for higher U.S. interest rates. At 03:50 ET (07:50 GMT), the DAX index in Germany traded 0.6% lower, the CAC 40 in France dropped 0.6%, while the FTSE 100 in the U.K. traded 0.5% lower. Note: This analysis is not a financial advice...

KhalilKarimii

Note: This is not a financial advise! Investing.com: European stocks were given a minor boost early Friday on the back of more talk from the Chinese government of additional stimulus measures to boost the second-largest economy in the world, and a major export market for many of Europe’s largest companies. China’s top economic committees said in a joint...

KhalilKarimii Updated 

Wait for the breakout. THIS IS NOT A FINANCIAL ADVICE.

KhalilKarimii

Wait for confirmation. NOTE: THIS IS NOT A FINANCIAL ADVICE.

KhalilKarimii Updated 

SINGAPORE (Reuters) - The dollar clawed back its losses on Monday, recovering from a knee-jerk reaction to data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies. Nonfarm payrolls increased 209,000 in June, figures released on Friday showed, missing market expectations...

KhalilKarimii Updated 

The EUR/USD Bulls got a strong upside breakout last Friday. This was the entry bar for the wedge bull flag buy signal bar formed last Thursday. Last Friday’s bull breakout is strong enough to increase the odds of a 2nd leg up. There are likely trapped bears who sold during last Friday’s rally. Those bears got trapped during the strong rally and will probably use...

KhalilKarimii Updated 

EUR/USD rose 0.1% to 1.0874, ahead of the release of the June consumer price index for the eurozone as a whole. This is expected to fall to 5.6% in June from 6.1% in May, but German consumer prices rose by much more than expected in June, and this creates the possibility of an upside surprise given the dominance of the German economy. European Central Bank...

KhalilKarimii Updated 

“If swap futures start to believe the Fed will likely deliver two more rate increases, gold could remain vulnerable,” said Ed Moya, analyst at online trading platform OANDA. “However, if risk aversion runs wild, gold could see some flight to safety flows. Gold has key support at the $1,900 level and resistance at the $1,960 region.”