Commodities snapshot (precious & industrial)
Jun 08, 2015 12:56 pm UTC| Insights & Views
Metals are the weak in spite of dollar weakness. Performance this week at a glance in chart table - Gold - Gold is up from Fridays low, still below $1178 level. Todays range $1177-1169. Gold might reach $1152 area,...
Jun 08, 2015 12:42 pm UTC| Insights & Views
Energy pack is down today. Weekly performance at a glance in chart table. Oil (WTI) - WTI is treading water awaiting further cues. Todays range $59.2 -58.4. WTI struggling to break the dojis as it continues...
Chinese economy likely to pick up in Q2
Jun 08, 2015 12:15 pm UTC| Insights & Views
The Chinese economy has been slowing and yet it is projected by many analysts as a sustainable bull market, little ambiguous? Yet it is believable.There has been a disparity between gross domestic product (GDP) growth and...
Jun 08, 2015 11:51 am UTC| Insights & Views
In spite of hanging to its all-time high US equities are having bad year so far. SP 500 is trading mostly sideways this year so far. Currently trading at 2091, up less than 1% so far this year. Investors are clearly...
Spinning top threatens GBP/AUD bulls, Write ITM calls
Jun 08, 2015 11:25 am UTC| Insights & Views
Remember always, technicals can never be studied interpreted in an isolation; so many confirmations from multiple angles are spotted out here on this pair.A spinning top is formed at 2.0003 levels on upward rallies on...
US construction sector remains far from full recovery
Jun 08, 2015 11:12 am UTC| Insights & Views
While US existing home sales, new home sales, building permits, housing starts all have bounced back, exciting investors and pushing first rate hike closer, several housing sector indicator points at prevalent weakness in...
Head & shoulder pattern on GBP/USD; optimal entry point on PRBS
Jun 08, 2015 10:43 am UTC| Insights & Views
The head shoulder pattern is traced out from daily charting pattern on this pair. We see right shoulder is struggling near neck line at 1.5238 levels. This level should be closely watched as any breach below neck line can...
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