Showing posts with label Daily Briefing. Show all posts
Showing posts with label Daily Briefing. Show all posts


Crude Oil Prices May Push Upward as Gold Falls,Both Approche key Level

Crude Oil & Gold Talking Points:

  • Crude prices rose as the US pushed allies to cut Iran oil imports to zero
  • Gold may fall as trade war worries boost the US Dollar on haven bids
  • The commodity and yellow metal are near key levels on the daily chart

Crude oil prices rose to their highest since May 24th on Tuesday despite plans from Saudi Arabia to increase output to a record 10.8 million barrels per day. This followed a response from over the weekend where Saudi Energy Minister Khalid Al-Falih said that the total OPEC+ oil hike will be closer to 1m b/d rather than +600k. The latter estimate was the derived real value from last week’s gathering of the commodity producing cartel.

Rather, oil prices were more interested in developments out of the US. First, the US was reported pushing its allies to cut Iran oil imports to zero by November 4th. More potential supply disruption threats sent the commodity rallying. If that was not enough, API estimates pointed to a larger-than-expected contraction in US crude stockpiles of 9.23m barrels last week.

Meanwhile, gold prices declined on Tuesday largely thanks to a rise in the US Dollar on safe haven bids. The precious metal is known for its anti-fiat properties given that it has no associated yield, thus it often moves inversely to the greenback. The US Dollar also managed to brush off worse-than-expected local consumer confidence data.

Ahead, crude oil will eye the EIA weekly inventory report. There, stockpiles are anticipated to contract by 3 million barrels last week. A higher-than-expected reduction in supply (as mentioned earlier) may further add momentum to oil’s ascent.

Gold prices on the other hand face US trade data and durable goods orders, a beat there may boost the greenback and thus inversely impact the yellow metal. But the focus will arguably be on trade war fears which stands to bolster the US Dollar in a similar way that we saw on Tuesday.

What's your assessment on the Crude Oil and Gold? Offer your considerations with us utilizing the remarks area toward the finish of the article.
Witten by"Hassnain Malik"

Gold Technical Analysis

Gold prices have been in a downtrend since April and a near-term falling support line seems to be doing a good job at controlling the descent. It may not be much longer now until the yellow metal finds itself testing the December 2017 low at 1,236. This might be the case given the break below a long-term rising trend line from 2016. Still, immediate resistance is at 1,267 followed by 1,277 as indicated on the Fibs below.

 Gold Technical Analysis provided by mt4 mt5 masters

Crude Oil Technical Analysis

After a false breakout below the 2017 rising support line, crude oil prices are once again on the rise as they approach the May high at 72.86. From here, it must pass near-term resistance at 70.89 which is the 50% Fibonacci extension before testing that. Immediate support appears to be that trend line again and a break below it leaves the 23.6% level as the next target at 66.94.

Crude Oil Technical Analysis provided by mt4 mt5 masters


Asia Stocks Gap Further Down,Integrate.USD/JPY Turning Down?

Asian shares talking features:

  • Asian shares gap curb, consolidate after US mulled limiting investment into tech corporations
  • Lack of updates on the alternate war entrance noticed restrained reaction in FX, JPY moderately up
  • USD/JPY failed to scan a key resistance line from 2017 and seems to be heading curb

At a glance, Asian stocks had been mainly reduce by using Tuesday afternoon trade, echoing losses from the prior European and US trading classes. There, the sector’s biggest economic system mulled limiting overseas investment into tech corporations which unnerved merchants from all over the world. An update from trade Adviser Peter Navarro perceived to have helped the S&P 500 bottom as he tried easing some of these issues.

Looking at certain Asian shares nearer exhibits a reasonably exclusive story. In fact, most of them gapped decrease after which spent the relaxation of the time consolidating. This may increasingly have been as a result of a lack of instantaneous updates as merchants wait for the USA Treasury release on these planned restrictions in technology investment toward the top of the week.

Correctly, the Nikkei 225 gapped scale down and sincerely rose in the course of the session, appearing shut the hole on the time of this document as anticipated. In contrast to Japan although, Australia’s ASX 200 used to be nonetheless down about 0.22% after gapping reduce and South Korea’s KOSPI was about 0.49% within the pink. Chinese language shares then again have been more aggressively minimize with the Shanghai Composite down about 0.80%.

Combining the gaps in Asian shares to the draw back with consolidation afterwards, volatility in the FX spectrum seemed to had been restrained to a particular extent. The typical reaction was there, anti-hazard currencies like the japanese Yen and even the Swiss Franc were higher. In the meantime, the sentiment-linked Australian and New Zealand bucks fell. But these strikes largely lacked conviction.

Ahead, except for the chronic danger of alternate warfare threats escalating, we can get US consumer self assurance. Last week, local business outlook fell to its lowest end result considering the fact that November 2016 and which helped put a dent in the united states dollar. Having said that, US monetary knowledge has nonetheless been tending to outperform relative to consensus. This opens the door for the purchaser side of the equation to probably revive some optimism and thus possibly pushing USD higher.

USD/JPY Technical analysis: Turning cut down?

On a daily chart, the USD/JPY seems to be heading slash after failing to push above the December 2017 descending resistance line. This passed off as poor RSI divergence signaled that momentum to the upside was once ebbing. From here, immediate help is the 14.6% minor Fibonacci extension at 109.10 adopted through the may 29th low at 108.11.

USD/JPY Technical analysis: Turning cut down by mt4 mt5 masters

Asian Stocks Blended as Exchange issues Dominate Euro Holds up


UK Oil Agreement Expiry 😲

Dear Traders,

This is the notification informing you the expiry of the current UK oil contract. It is to be instructed that: -

1) Current UK Oil Contract (whose symbol is BRENT_Q18) is due to run out on the Trading day of 27 June 2018.
2) You could now only shut the positions before expiry. If any exchange stays open in present UK oil contract after 27 June 2018, the alternate can be closed mechanically and Brokers may not be held responsible for any profit or loss as a result of this.
3) New UK Oil Contract (whose symbol is BRENT_U18) is already opened within the platform. Hence, you should use this symbol for trading.
4) There is not any Rollover of the trades from expired UK oil contract to newly opened UK oil contract. As a result, if any alternate remains open in the expired contract, it'll be routinely closed and best you'll be sole in charge for any revenue or loss brought on by way of this.
5) Please notice that new UK Oil Contract (whose image is BRENT_U18) will expire on 27 July 2018.

What's your assessment on the Uk Oil? Offer your considerations with us utilizing the remarks area toward the finish of the article.
Witten by"Hassnain Malik"

Desire you first-rate of success in your trading.😃

provided by mt4mt5masters

Asian Stocks Blended as Exchange issues Dominate Euro Holds up


Gold price Upward Push May just Lose Steam On Powell Speech,Risk Recovery

GOLD & CRUDE OIL speaking points:

  • Gold costs rise as bond yields drop amid risk aversion
  • Sentiment recuperation, Powell speech could re-ignite selloff
  • Crude oil prices fall as OPEC+ mull growing output

Gold prices posted the most important one-day achieve in six weeks as global risk aversion despatched capital flows dashing to the security of Treasury bonds. That pushed yields cut down and bolstered the relative attraction of non-interest-bearing alternatives epitomized by using the yellow metallic.

The markets’ mood soured as President Trump referred to as for a similar probe into auto imports that precededthe recent steel and aluminum tariff hike. Canada is a important importer of motor autos into the united states, so the move casts a cloud over NAFTA renegotiation efforts. He then cancelled a June summit with North Korea’s Kim Jong-un, ominously hinting that the us navy is prepared to take some thing motion necessary.

Crude oil prices fell with stocks as sentiment deteriorated.While US sharesbounced into the close however, the WTI contractstruggled as Russian energy minister Novak stated the OPEC+ grouping of producers engaged in a coordinated output reduce scheme will speak about rebuilding provide phases in June. Separately, Deputy Finance Minister Kolychev stated there is “no sense” in additional oil cost good points.


watching ahead, a brighter disposition across international exchanges bodes unwell for gold. Futures monitoring the FTSE 100 and S&P 500 benchmarks are pointing decidedly higher earlier than London and the big apple come on-line, which can translate into greater yields. Hawkish remarks from Fed Chair Jerome Powell in a speech in Sweden could revive bets on spirited tightening beyond 2018, compounding draw back stress.

In the meantime, crude oil is bracing for the second day of the St. Petersburg international monetary forum that may produce an extra round of market-relocating soundbites. Baker Hughes rig count knowledge as good as speculative futures positioning facts from the ICE and the CFTC are due to cross the wires, but these are hardly ever mighty catalysts for price motion.

What's your assessment on the Gold & Crude Oil? Offer your considerations with us utilizing the remarks area toward the finish of the article.
Witten by"Hassnain Malik"

 GOLD TECHNICAL analysis mt4mt5masters

Gold prices shot bigger to scan trend line resistance capping good points because mid-April. This barrier is bolstered through the higher layer of pattern aid defining the uptrend due to the fact December 2016. A every day close above the latter threshold – now at 1310.06 – paves the way for a retest of help-became-resistance at 1323.60. Alternatively a breach of development support at 1289.05 sees the next draw back barrier in the 1260.Eighty-66.Forty four zone.


 GOLD TECHNICAL analysis by mt4mt5masters

Crude oil turned slash as expected, breaking help at the backside of a Rising Wedge chart pattern to mark the end of the upswing started in early April. From here, a everyday close back beneath the April 19 high at 69.Fifty three exposes the sixty six.22-sixty seven.36 area. Alternatively, a move again above the Wedge ground – now recast as resistance at seventy one.25 – opens the door for an extra task of the may 22 high at 72.88.

Asian stocks Slips as US Dumps N Korea Speak,Fed Speech Eyed


US dollar Again to 2018 Highs as Equities Take a Bearish turn

Talking features:

  • - The Dow looks set to gap-scale down this morning as US greenback strength continues. The weekend-gap that we looked at the previous day in the Dow has now been filled, and we’re now trying out an subject of aid that held-up the lows throughout last week.
  • - in different places – help has no longer been so pleasant. The Euro is digging deeper into the zone that helped to keep the lows for the latter-element of final yr, and GBP/USD has been in rough-sell mode as an extra disappointing unencumber of UK inflation numbers make the prospect of tighter policy from the BoE even more far-off.

Dollar Rallies again to Resistance at the same time US Equities Reverse Early-Week Breakout

the USA dollar is back to the 94.00 level on DXY, and this is the identical discipline that had helped to show-around prices rapidly after this week’s open. Given the scope of the development in USD over the last month, continuation of that bullish transfer comes as no small surprise, however what has been a bit extra seen over the last 24 hours has been a re-emergence of sellers in US stocks. US Equities opened the week with a bang, gapping-higher with the Dow crossing the vaulted 25,000 marker. However – as we wrote the day past, there was unfilled hole from that weekend jump, and this kept the door open for bearish reversal setups in the Dow.

US equities confirmed moderate bearish conduct around the day before today’s US open, however that started to warmness up during the session. That theme of fairness weak point persevered in Futures markets after the USA shut, and as we strategy this morning’s US open, that gap has been crammed and prices are now finding aid at the same 24,630 field that used to be in-play for a lot of final week.

Dow Jones Hourly Chart: hole Fills and costs Run all the way down to Prior help

US buck again to Highs

This flip-slash in stocks has happened as yet another circular of USD-strength confirmed-up. The USA dollar is again closer to the 2018 highs that were set on Monday earlier than a retracement came-in, and this keeps the door open to topside continuation as much as the confluent zone that runs from 94.19 as much as 94.30 on DXY.

US dollar via ‘DXY’ daily Chart: prices drawing near Confluent Resistance 94.19-94.30

Cable overwhelmed After an extra Inflation leave out in the UK

The up-development in the U.S. Dollar bought started final month around the print of UK inflation. Expectations were high that inflation force within the UK would power the BoE toward extra cost hikes; with markets very a lot primed for an adjustment at this month’s rate choice. However as that inflation got here-out in a disappointing method, these expense hike bets began to get kicked out someday, and GBP/USD began to slide. A bad GDP report released shortly after most effective introduced fuel to the fireplace, and after we did in the end get to that bank of England fee decision, the BoE took an extraordinarily dovish outlook to markets and this helped to power the pair deeper into an field of lengthy-time period support round 1.3500.

As we opened this week, that support sooner or later gave means, and the driver here had little to do with inflation or the bank of England, as this got here from a surprise announcement by using Scottish PM Nicola Sturgeon around the prospect of one more campaign for Scottish independence; producing but an extra twist within the saga of Brexit. At that point, we started lining up short-side setups, headquartered off of resistance displaying at that prior area of key aid in GBP/USD.

This morning produced one other leg of weak spot within the move, as yet an additional disappointing inflation document is keeping bears lively; because the BoE has even much less motive to seem at close-term price hikes as costs proceed to develop in a slower manner within the British economic climate.

What's your assessment on the On all of these ? Offer your considerations with us utilizing the remarks area toward the finish of the article.
Witten by"Hassnain Malik"

GBP/USD price action continues in a foul method. We seemed into this setup in-depth in the day before today’s webinar, and the resistance that we have been following around prior aid legged-in to a massive transfer of weakness in the pair. Costs at the moment are at contemporary 2018 lows, breaking under the endure flag formation that had began to exhibit. This keeps the door open for additional losses in GBP, and as we checked out the day past, GBP/USD stays one of the extra appealing venues to play a continuation of US dollar strength.

GBP/USD Daily Chart: