the markets are being underpinned by optimism over improving U.S. fuel demand with the official start of the U.S. summer driving season this Monday, Memorial Day, and a private industry report showing a drop in weekly inventory estimates. Both events are canceling worries over the possibility of increased supply from Iran Today’s EIA inventories report, due out...
EUR/USD managed to settle above the resistance at 1.2220 and is testing the next resistance level at 1.2250. If this test is successful, EUR/USD will head towards the resistance which is located at 1.2280. A successful test of the resistance at 1.2280 will push EUR/USD towards the next resistance at 1.2310. In case EUR/USD manages to settle above this level, it...
hello traders here is buy set uo for GOLD! The gold futures contract gained 0.42% on Monday, as it continued to trade within a short-term consolidation following the recent advances. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold is trading sideways again wait for...
hello traders her is sell set up for USOIL! Uncertainty over whether or not there will be increased oil supply from Iran may be helping to cap gains. Furthermore, value may also be an issue following a nearly 8% jump in less than three days. Traders seem to be a little cautious about buying strength at current price levels and may be waiting for a short-term...
the USD bulls failed to gain any respite from firming expectations that the Fed could taper its emergency stimulus measures amid signs of rising inflationary pressure. The market speculations were further fueled by Friday's encouraging PMI reports, which indicated that the business activity in the private sector expanded at a record-setting pace in May and that...
good day tarderrs here is why am bullish on GOLD! The precious metals market has revived recently. One of the compelling reasons for the gold price surge is the meltdown of a highly volatile cryptocurrency market. In this light, the leading precious metal has risen to $1883 by this Monday. And if the first quarter of 2021 was pretty effective for cryptocurrencies...
WHATS MOVING OIL THIS WEEK? Oil bears went on a rampage last week after Iranian President Hassan Rouhani revealed the world’s most powerful economy was “ready” to lift sanctions on the country’s black fossil supplies, triggering a spiral fall on the energy derivative prices in the latter part of last week with rising COVID-19 caseloads in India, oil traders seem...
hello traders here is possible buy set up for ETHUSD! ETH has pushed higher over the past two days but is struggling to break resistance at $3000. More specifically, it is currently in a battle to climb above resistance at $2926, provided by the 200day MA traders are attempting to break this level look for buying apportuties as long as were trending above $2574
hello traders here is fuel behind oils rebound ! Many European countries have been gradually reopening over the past month while advancing vaccination rates prompt more people to travel on the roads. This is bullish news for gasoline and diesel demand, which is expected to be the first to recover to pre-pandemic levels, especially compared to the lagging aviation...
hello traders here is buy set up for XAUUSD! 30m chart is trending above its local support zone Any bounce could meet initial support $18734, A decisive break above $1900 is needed to extend the recent upbeat momentum towards the January 8 high of $1918.look for buying apportuties on GOLD
hello trader here is buy set up for DOGEUSD using the TOP DOG TRENDFAALOW INDICATER! at the moment writing this post DOGE is trending at $0.37 which is very important level according the TOP DOG indicator if the price breaks above $0.38 successfully look for buying apportuties with take profit target at $0.46
he price of Dogecoin jumped by 20% in minutes after another pro-tweet from Tesla’s CEO – Elon Musk. The billionaire posted a rather intriguing tweet that included a one-dollar bill and DOGE. In his latest pro-DOGE initiative on social media, Musk posted a picture with a text reading “cybervoting.” In the background, though, there’s a slightly blurred one-dollar...
hello traders here is sell set up for EURUSD using THE TOP DOG INDICATOR! today, foreign exchange market traders will also have a chance to take a look at Initial Jobless Claims and Continuing Jobless Claims reports from the U.S. The reports are projected to show that the situation in the U.S market the INTIAL JPLESSCLIMAS come out beffter than expected which is...
hello traders here is buying up for USOIL! U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration (EIA) said on yesterday. Crude inventories rose by 1.3 million barrels in the week to May 14 to 486 million barrels, compared with analysts’ expectations in a Reuters poll for a 1.6 million-barrel rise....