WTI- approaching support zone

The oil price fell more than 4% at yesterday’s session after the inventory data hits the wires. The supply and demand mismatch drags the prices to six and half years low. The Energy Information Administration […]

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GOLD- parallel resistance seems at $1,135.00 and 50Dsma seems at $1,138.00.

The metal posted strong gains after the FOMC minutes, closed with 1.5% gains.  The FOMC minutes lack September statement, pushed the USD down. The world’s largest gold ETF – SPDR Gold Trust holdings held steady […]

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GBPUSD- The pattern set up to re-visit the earlier high, if ceiling taken out

The cable extended the gains on 2nd consecutive day as well, but unable to breach Tuesday’s high shy of 1.5700 marks. The optimistic CPI data raise the BoE rate hike, encouraged the pound bulls to […]

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EURUSD- Aiming at 1.1200 initially, later likely to stretch towards 1.1400.

The pair paused the 4-days losing streak manage to hold the 20Dsma, gained almost 1%. The FOMC minutes do not have September hike. The impact of Euro: In June 2015 the current account of the […]

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