Market Analysis – Week Ahead 12 July 2021

Economic Calendar Consumer Price Index (CPI) or Cost of Living” affects everyone & everything, from monetary policies to the pension Grandma will receive. The CPI is not a single index but a group of indices compiled by the US Department of Labor, each with its own specific purpose for example in last month’s CPI Report, the […]

Market Analysis – 08 July 2021

USDJPY We see the primary trend for USDJPY to be an uptrend, but price has recently softened.  We like the idea of buying near the double bottom around the 110.40 area, with a protective stop around 110.30, with a preliminary target for at around 110.80. DOW The Dow is currently in a rising H4 channel, […]

GOLD UPDATE – 28 June 2021

Gold is now consolidating between 2 price levels, between the highs and lows of the 18 June candle, $1761.0-1797.3.  The 100 Day Simple Moving Average is acting as resistance, but conversely, price is also being supported at a confluence of Fibonacci and support levels.  While we are generally bearish on the gold price, we would […]