Tuesday, August 20, 2019
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Home Authors Posts by Ali B.

Ali B.

180 POSTS 2 COMMENTS
Live Webinar Speaker & Derivatives (Forex, Commodities, and Indices) Analyst with the broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis and the best ways to strategies investment selection. Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.

Daily FX Brief, Aug 20 – Light Economic Calendar, All Eyes...

It's going to be another muted day as most of the economic events listed on the calendar as low impacted and may not drive...

Gold Breaks Below Trendline – Risk Sentiment Improves!

On Monday, the short-term outlook remains supportive for gold, especially above 1,490 level. Overall, precious metal gold slipped due to a stronger U.S. dollar and...

Daily FX Brief, Aug 19 – Eyes On Eurozone’s Inflation –...

Healing against all major rivals, except for the British pound, the US dollar concluded the week in green territory, edging up 1.20% according to...

Gold Ascending Triangle Violated – Trendline Supports around 1,508

This week, the most active precious metal gold is currently up to $7.20 and trading around $1511 per troy ounce after placing high around...

Daily FX Brief, Aug 16 – Risk-off Sentiment, Top Trade Setup...

On Friday, the greenback is mostly steady, trying to hold on the gains it made on the release of U.S. retail sales figures. Speaking...

Daily FX Brief, Aug 15 – U.S. Retail Sales, Top Trade...

On Thursday, a slight bullish bias is back into the US Dollar, even if not as strong as the market flows seen in Japanese...

Daily FX Brief, Aug 14 – Top Trade Setups In Forex,...

The U.S. dollar held off clobbering the Japanese yen following the Trump administration remarks that they would delay 10% tariffs on some Chinese products...

Gold Hit 6 Years High – Fibo Extension In Play!

The precious metal gold prices hit a more than six-year high around $1,535 as unrest in Hong Kong and a retreat in the Argentine...

Daily FX Brief, Aug 13 – Top Trade Setups In Forex,...

For what was quiet inception to the new trading week, volatility grew back across global markets from the London session yesterday. Gold was an...

Daily FX Brief, Aug 12 – Top Trade Setups In Forex...

For what was quiet inception to the new trading week, volatility grew back across global markets from the London session yesterday. Gold was an...

Gold Consolidates Below $1,510 – Eyes on 38.2% Fibo!

Gold prices are trading sideways as the market awaits fresh catalyst from the U.S. - China trade wars to determine upcoming trends in gold. However,...

Daily FX Brief, Aug 09 – Trading U.K’s GDP and Canadian...

A day before, the U.S. dollar was bearish against all of its major pairs with the exception of the single currency Euro. On the...

Gold’s Bullish Channel & Safe Haven Plays Well – What’s Next?

During the past couple of days, gold has traded exactly in line with our forecast "Gold Bullish Channel Violates – Safe Haven Appeal Takeovers"...

Daily FX Brief, Aug 08 – Forex Trade Setups, Trade War...

The U.S. dollar index fell further against a bucket of six major currencies. Especially against the yen, as Japanese stocks opened lower in a...

Daily FX Brief, Aug 07 – Forex Trade Setups, RBNZ Set...

On Tuesday, the U.S. dollar index was forming a rising wedge bearish pattern since last month. Nonetheless, the Greenback took a reversed from the...

Gold Bullish Channel Violates – Safe Haven Appeal Takeovers

On Tuesday, the safe-haven metal price was little changed due to intensifying trade war among Sino-US. Throughout the day, there's been a tug of...

Daily FX Brief, Aug 06 – Forex Trade Setups, Dollar Weakens...

On Monday, the Dollar Index sank 0.9% on the day to 97.22, amid heightened U.S.-China trade tensions. Further, the U.S. Treasury formally labelled China...

Daily FX Brief, Aug 05 – Post-NFP Trade Setups, Weaker Dollar...

Last week on Friday, the US jobs report was a mixed result with unemployment failing to improve, supported by a small uptick in the...

Gold Sustains Over $1,433 Amid Trump Tweet – Traders Brace for...

The yellow metal prices surged dramatically on the back of the Trump announcement about fresh tariffs on China. Safe haven triggered due to United...

Daily FX Brief, Aug 02 – Big Day, Buckle Up for...

On Friday, the popular Nonfarm payrolls report will steal the show at12:30 GMT, two days after the FOMC policy meeting. It’s expected to indicate...

Daily FX Brief, Aug 01 – Fed Cut-Rate by 0.25%, Is...

The Fed, as anticipated, voted to cut rates by 25 basis points indicating doubt about the economic outlook and sub 2% inflation growth. However,...

Daily FX Brief, July 31 – Big Day, U.S. Fed Set...

Today, the U.S. dollar held steady in the wake for scheduled Federal Reserve’s meeting and rate decision which is most likely to yield interest...

AUD/USD Dives Deep Amid Fed Policy – U.S. Consumer Confidence Up...

The AUD/USD currency pair trades continue on sidelines due to the disappointing housing data. The AUD/USD currency pair continues trading sharply bearish 0.6889, due...

Daily FX Brief, July 30 – Top Forex Trade Setups, BOJ...

A day before, the major U.S. stock indexes closed mixed, with the Dow Jones Industrial Average adding 28 points (+0.1%) to 27221. The S&P...

AUD/USD Violates Channel – Dollar Strengthens As Rate Cut Priced In

The AUD/USD currency pair is trading around 0.69 handles in a bearish market. At the opening of the week, the AUD/USD currency pair trading...

Daily FX Brief, July 29 – Top Forex Trade Setups, Big...

By all counts, the US dollar raised versus G10 currencies last week, edged up 0.86% according to the broad US dollar index. Optimistic durable...

Daily FX Brief, July 26 – Top Forex Trade Setups, US...

On Friday, the greenback stayed near a two-week high versus the yen as forex traders trimmed expectations for competitive Federal Reserve interest rate cuts...

Daily FX Brief, July 25 – Top Forex Trade Setups, ECB...

The global stock markets posted modest gains ahead of the ECB rate decision as most of the investors are expecting dovish policy from Mario...

AUD/USD Hit First Target – Who’s Ready for Next?

The AUD/USD currency traded consistently lower on the back of sluggish Australian PMI data. However, the sell-off didn't come as a surprise. It's something...

Daily FX Brief, July 24 – Top Forex Trade Setups Ahead...

On Tuesday, the dollar index continued gaining to a five-week high, making gold expensive for foreigners. The European Central Bank is supposed to at...

AUD/USD Violates Bullish Channel – Is It Gonna Keep Bearish Momentum?

The AUD/USD currency pair continues on a back foot nearby 0.7030, while investors focus stays on RBA’s Kent. On Tuesday, the AUD/USD currency pair...

Daily FX Brief, July 23 – Top Forex Trade Setups to...

On Tuesday, the U.S. dollar continues to trade lower in the wake of dovish Fed sentiments. Federal Reserve, the U.S. central bank is widely...

Daily FX Brief, July 22 – Top Trade Setups In Forex,...

Welcome back to another exciting week that contains a series of high impact economic events, especially the ECB Policy decision, advance GDP and retail...

EUR/JPY Ascending Triangle Spotted – Potential Trade Idea!

Traders, the market is lacking volatility after showing some serious fluctuation in the financial markets amid strong dovish remarks from FOMC member John Williams. Earlier...

Daily FX Brief, July 19 – Top Forex Trade Setups on...

On Friday, the greenback is steadied but was quite on the defensive after the Federal Reserve leaders bolstered sentiments of an aggressive rate cut...

Daily FX Brief, July 18 – U.K Retail Sales & G7...

On Thursday, the dollar slid as risk aversion in the broader markets pushed benchmark U.S. yields to a nine-day low. The dollar index versus...

Gold ‘s Symmetric Triangle Pattern Brings Choppy Range – Trade Tips!

On Wednesday, the precious metal gold prices slid to $1,400 level as the U.S. dollar surged around a weekly high on the back of...

Daily FX Brief, July 17 – Brace Yourself to trade Series...

On Wednesday, the dollar was firm after optimistic U.S. data baked expectations of aggressive policy easing by the Federal Reserve later this month, whereas...

Ascending Triangle Pushes WTI Crude Oil Higher

On Tuesday, the WTI crude oil is trading bullish at 59.62, adding +0.15% for the day. One of the major reasons behind bullish bias...

Gold’s Symmetric Triangle Pattern Holds – Can Retail Sales Help?

The precious metal gold continues to trade steady on Tuesday as investors awaited the U.S. retail sales data. As you know, Gold shares a...

Daily FX Brief, July 16 – Big Day, U.S. Retail Sales...

On Monday, the forex market remained muted due to lack of catalyst and the dollar was able to breath higher. The U.S. Dollar Index...

Safe Haven Gold Little Changed – Mixed Chinese Data Weights!

On Monday, the safe-haven metal prices have little changed due to data showed china's economic growth slowed to its lowest in at least 27...

Daily FX Brief, July 15 – Quick Trade Setups In...

The U.S. dollar was subdued on Friday, as the ICE U.S. dollar index dropped 0.3% on the day to 96.81. Chicago Fed President Charles...

AUD/USD Supported In a Bullish Channel – Series of EMA Supports!

The AUD/USD pair is on a bullish track, trading below 0.7000 key resistance level, which is now limiting its gains. During the second half...

Daily FX Brief, July 12 – Quick Trade Setups In Forex...

It's been a volatile week and I hope you have captured some nice trades. We are approaching the weekend and the market may have...

Daily FX Brief, July 11 – U.S. Fed Shakes The Market...

What a day it is! The U.S. central bank's chairperson Jerome Powell shook the market by taking a U-turn on its hawkish policy stance....

Gold Violates Descending Triangle, Fed Chair Signals Rate Cut!

Precious metal gold surged dramatically from 1390 to 1407 level on dovish remarks from the Federal Reserve Chairman Jerome Powell. Fed Chair Signals Rate Cut The...

Daily FX Brief, July 10 – Top Trade Setups In Forex,...

On Wednesday, the greenback neared a three-week high against a basket of other forex pairs as investors continued to unwind bets on deep U.S....

Gold Prices Slip Below $1,400 – Fed Set To Hold Rate!

Safe haven metal gold prices dropped by $1,400 level due to multiple speeches by U.S. Federal Reserve leaders in the upcoming two days. Besides...

Daily FX Brief, July 09 – Top Trade Setups In Forex,...

The U.S. dollar firmed as odds for interest rates cuts dropped. The dollar index edged higher by 0.1% on the day to 97.37. Meanwhile,...