+1 (866)-882-6854
+ 44 203-807-1675
09:04:22 GMT
Black & White


BitCoin/CNY 6349.755 09:00 24.01
FTSE F-MAR17 7091.500 09:00 24.01
USD/RUB 59.148 09:00 24.01
USD/NOK 8.35090 09:00 24.01
USD/CHF 0.99882 09:00 24.01
OIL-MAR17 (BRENT) 55.585 09:00 24.01
SBERBANK 168.830 09:00 24.01
GAZPROM 149.230 09:00 24.01
NZD/CHF 0.72218 09:00 24.01
CAD/CHF 0.75336 09:00 24.01
NZD/USD 0.72303 09:00 24.01
CAD/JPY 85.407 09:00 24.01
AUD/USD 0.75683 09:00 24.01
AUD/JPY 85.697 09:00 24.01
GBP/USD 1.24934 09:00 24.01
EUR/USD 1.07478 09:00 24.01
TADAWUL 7081.200 09:00 24.01
VTB BANK 0.068665 09:00 24.01
ROSNEFT' 388.950 09:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 09:00 24.01
SILVER 17.145 09:00 24.01
GOLD/EUR 1129.375 09:00 24.01
USD/JPY 113.236 09:00 24.01
EUR/JPY 121.703 09:00 24.01
GOLD VS OIL 21.8394 09:00 24.01
USD/CAD 1.32582 09:00 24.01
S.BANK INDIA 255.775 09:00 24.01
AXIS BANK 448.900 09:00 24.01
TATA STEEL 464.325 09:00 24.01
TATA MOTORS 541.725 09:00 24.01
We apologize for the inconvenience, registration from your state is disallowed.
By: Daniel Gant
January 24th 2014 9:24am GMT, London UK

On Thursday the EUR/USD pair left its sideways move and climb up to 1.3700. The pair added about 180 pips during the European and American session spurred by great French, German and EU Manufacturing PMI and by EU Current Account. The movement up continued as all data from U.S. economy came out worse-than-expected. The pair is now on its 3-weeks highs and because today there are no important economic events we might see some technical price correction down.

Yesterday the GBP/USD pair broke through its resistance at 1.6580 and rose all the way to 1.6640. This is the highest price since May 2011. The British pound first reacted on the stronger EU data which supported the pair and later on with weaker U.S. data continued its movement up. Today will be quiet on the economic releases. We should keep an eye on the U.K. BBA Mortgage Approvals at 9.30AM (GMT) but from the past we know that the impact on the pair is low. If the bullish mood remains and the pair manages to break its resistance on 1.6650 the pair might increase all the way to 1.6700. However we should pay attention to possible price correction.

The USD/JPY pair also dropped about 180 pips during yesterday’s trading sessions. The pair reacted on falling U.S. Dollar which was first weakening due to strong EU data and then due to weak U.S. data. The pair dropped to 103.00 level but reversed to 103.40 area. However most of the analysts bets on further Fed tapering which should pull the pair up. Today with lack of fundamental data we might see just technical trading and some price correction.

The price of Gold reversed its down-trend and rose to its 6-weeks highs when touched the $1,265.00 an ounce. The price reacted on a softer U.S. equities numbers. U.S. equities as well as the others do not perform well lately and that boosted the demand for safe-haven asset. Next week on Wednesday the Fed will release its Statement where traders expect to see another reduce of the monetary stimulus. In that case, the price of Gold should erase some of its profits and drop back down.

Share Button
Daniel Gant
Follow Me

Daniel Gant

Broker at GOptions
My strategies have been maintained and reworked for the last four years. Win loss accuracy and a stable method of volume production has insured my clients inside my personal portfolio success, not to mention the education, guides and management sessions that I teach daily.

I am not guaranteeing you success, but i am guaranteeing you that i will be providing you with my knowledge, training, time, strategies, technical analysis, fundamental analysis and all the tools that you will need to have a successful trading account.
Daniel Gant
Follow Me

Latest posts by Daniel Gant (see all)

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store