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Re: XtreamForex.com

Postby xtreamforex.com » Thu Apr 20, 2017 11:46 am

Commodities Daily Forecast – April 20, 2017 | XtreamForex
Gold
prices fell on Wednesday in response to a stronger U.S. Dollar and rising U.S. Treasury Bond yields. June Comex Gold finished the session at $1283.40, down $11.50 or -0.89% and continued the trend on Thursday morning. The market fell to its lowest level since April 12 and closed lower for the first time in five sessions.
Investors were caught off guard by gold’s response to a steep drop in U.S. equity markets. However, support continued to be provided by concerns over geopolitical events in North Korea and the upcoming French presidential elections… Read More

Silver
Silver fell a bit during the day on Wednesday, testing the $18 level for support. This is an area that has a certain amount of psychological significance, so obviously, a bit of a bounce could be coming. On top of that, we have a nice, strong, uptrend during the day. The market looks as if we are going to try to reach towards the $18.50 level, and then the $19 level after that. Ultimately, the market might be choppy, but I still believe the buyers return repeatedly. It is not until we make a fresh, new low that I would even consider selling… Read More

WTI Crude Oil
Crude oil prices were hammered on Wednesday, with a sharp drop that followed the Department of Energy’s report on inventories. Initially the decline in imports kept prices buoyed, but the robust increase in gasoline inventories, weighed on prices. WTI has been buoyed by supply constraints which has lifted market sentiment over the past couple of weeks. Inventories in the United States remain high, as production from U.S. producers have taken the place of OPEC output… Read More

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Re: XtreamForex.com

Postby xtreamforex.com » Mon Apr 24, 2017 8:15 am

How to do Fundamental Analysis & Fundamentals Trading Strategies
In the equities market, fundamental analysis looks to measure a company’s true value and to base investments upon this type of calculation. To some extent, the same is done in the retail forex market, where forex fundamental traders evaluate currencies, and their countries, like companies and use economic announcements to gain an idea of the currency’s true value.
All of the news reports, economic data and political events that come out about a country are similar to news that comes out about a stock in that it is used by investors to gain an idea of value. This value changes over time due to many factors, including economic growth and financial strength. Fundamental traders look at all of this information to evaluate a country’s currency.
Given that there are practically unlimited forex fundamentals trading strategies based on fundamental data, one could write a book on this subject. To give you a better idea of a tangible trading opportunity, let’s go over one of the most well-known situations, the forex carry trade. (To read some frequently asked questions about currency trading,

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https://www.xtreamforex.com/Education/forex-tutorial-fundamental-analysis-fundamentals-trading-strategies/
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Re: XtreamForex.com

Postby xtreamforex.com » Tue Apr 25, 2017 8:07 am

USD/JPY Forecast April 25, 2017

The Dollar Index (DXY) gapped lower overnight as the outcome of the French election underpinned the euro, which makes up a big portion of the index. Despite the DXY’s weakness, the USD/JPY gapped higher as the news also undermined perceived safe haven assets such as gold and yen. But the gains for the USD/JPY were short-lived and the daily chart of the USD/JPY is currently displaying a bearish price pattern, which suggests that the gap may well be ‘filled’ completely in due course and there may even be a possibility for a deeper pullback.
As can be seen from the chart, the USD/JPY is in the process of potentially forming an inverted hammer candlestick formation after the gap up. This price pattern is typically bearish as it highlights a lack of willingness from the buyers to hold onto their positions. Thus, we may see some weakness follow-through in the upcoming Asian session.


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Re: XtreamForex.com

Postby xtreamforex.com » Wed Apr 26, 2017 3:56 am

EUR/USD: Bullish above 1.0900 on ECB taper hints & softer USD

The EUR/USD pair stalled its recent bullish momentum in the Asian session this Wednesday, and now enters a phase of consolidation, after the bulls ran into the key resistance of 1.0950 levels.
The spot is trying to defend the bids near 1.0935 region at the moment, moving slightly away from five-month tops reached at 1.0951 in the US last session.
The Euro extended its rebound versus the American dollar on Tuesday, after the US dollar took the back seat across the board amid risk-on trades and doubts whether the Trump administration will actually provide details on the tax reform plans on Wednesday.
The spot also remains underpinned amid easing French election-related anxiety, as a Macron win appears to be full priced-in by markets, with most opinion polls showing about 60% support for Macron against 39% for the anti-EU candidate Le Pen.
Also, expectations of some hawkish hints from the ECB, with markets widely anticipating the central bank to resort to taper talks, adds to the recent bullish tone seen behind the major.
Nothing of relevance for the major in the day ahead, and hence, the US tax reform plans announcement will hog the limelight later in the NA session.
EUR/USD Technical Levels
Technical resistances for the pair are aligned at 1.0950/51 (psychological levels/ 5-month tops), 1.0968/71 (classic R1/ Fib R2) and finally 1.1000 (key resistance). On the flip side, the spot finds next support at 1.0909/00 (daily pivot), a break below that level could open the door to 1.0866/67 (5-DMA/ classic S1) and 1.0775 (10-DMA).


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Re: XtreamForex.com

Postby Greg Siemasz » Wed Apr 26, 2017 5:43 am

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USD/JPY analysis

Postby xtreamforex.com » Thu Apr 27, 2017 10:36 am

USD/JPY analysis: positive, but 112.00 caps for now
USD/JPY Current price: 111.38
Support levels: 111.05 | 110.65 | 110.20
Resistance levels: 112.00 | 112.45 | 112.85

The USD/JPY pair surged to its highest for this April, printing 111.77, before giving up some its daily gains, still closing in the green. The pair got a boost from a recovery in US Treasury yields, although they later give up after the US government announcement on the tax reform. The 10-year yield benchmark traded as high as 2.33% intraday, but pulled back to 2.31% after ahead of the close, weighing on the pair by the end of the US afternoon. The Bank of Japan will have its monthly monetary policy meeting during the upcoming Asian session, but is expected to maintain the status quo unchanged, with the pair’s traders more focused on Thursday’s US Durable Goods Orders for March. The positive tone of US equities, helped the pair to hold on to gains by the end of the day, although it’s not enough to guarantee a similar advance in Asian equities. From a technical point of view, the 4 hours chart shows that the price held above its moving averages, with buying interest aligned around the 200 SMA, currently around 111.00, whilst technical indicators retreated modestly from extreme overbought readings, but are far from turning lower. Still, the pair needs to regain the 112.00 threshold to be able to extend its advance towards the 113.00 region.
Read More Technical Analysis on Different Currency Pairs : https://www.xtreamforex.com/Education
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Re: XtreamForex.com

Postby xtreamforex.com » Wed Jul 19, 2017 10:21 am

US SLAPS NEW ECONOMIC SANCTIONS ON IRAN OVER BALLISTIC MISSILE PROGRAMME

The US imposed new economic sanctions against Iran late-Tuesday over its ballistic missile programme and Tehran’s “malign activities” in the Middle East, Reuters reports.

Key Points:
The U.S. government said it was targeting 18 entities and people for supporting what is said was “illicit Iranian actors or transnational criminal activity.”

The State Department said in a statement: “The United States remains deeply concerned about Iran’s malign activities across the Middle East which undermine regional stability, security, and prosperity.

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Re: XtreamForex.com

Postby xtreamforex.com » Wed Oct 25, 2017 7:32 am

USD/JPY – Risk reversals retrace gains despite the breach of trend line hurdle
The Dollar-Yen pair closed yesterday above the resistance offered by the trend line sloping downwards from the March 10 high and July 11 high, still one-month risk reversals retracted gains.

ReadMore;https://www.xtreamacademy.com/2017/10/25/usdjpy-risk-reversals-retrace-gains-despite-the-breach-of-trend-line-hurdle
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