Focus somewhat turns from stock markets to currencies today. Major global indices are staying in rather tight range today, based on recent volatility. Fiscal and monetary measures from major central banks and governments are providing little support to sentiments, as coronavirus pandemic continues t

Gold has pulled back from session highs near $1,546.  The S&P 500 futures are flashing red, while stocks in China are reporting gains.  The US monetary and fiscal stimulus could bode well for the zero-yielding safe-haven metal. Gold is currently trading at $1,533 per Oz, having set a session hi

S&P 500 bounced back at 2420.00 up 6%  Dow Jones bounced at 20696.00 up 5.2%  Nasdaq up 6.23%, next resistance level at 7575.00  Gold vs US dollar bounced at 1455.00 in the weekly chart  US Oil dropped more than -45% in 14 days, fell below 28.00 support level in today's session

#Golden Rank # Once the event was started, it was warmly received by many users. In less than a month, the number of participants has exceeded 150 and account number has reached about 250. They are fighting for the BIG prize. [Announcement of the winners of week 3rd]Let's take a look at the use

USD/JPY accelerates the latest run-up, nears the highest in three weeks. Japan’s National Consumer Price Index came in below expectations, BOJ minutes favors further easing. Coronavirus continues to spread, ECB announced a huge package, the US bill awaited. Following the latest downbeat catalysts f

Trader and author Nassim Nicholas Taleb created the black swan theory of events as a metaphor to name an event that happens far outside the normal distribution of deviations from the mean and looks like a fat tail outside a normal bell curve. The term comes from how people thought all swans were whi

WTI remains on the back foot while following the immediate descending trend line since Friday. The monthly low, $20.00 are on the bears’ radars. 200-HMA, an eight-day-old falling resistance line add to the upside barriers. Despite bouncing off $21.20 to $23.30, down 2.35%, WTI remains under pressur

AUD/USD is off session lows but remains on the offer amid risk-off in stocks. Technical indicators like the RSI are reporting oversold conditions.  Australia's stimulus announcement has so far failed to boost risk appetite.  The AUD/USD pair has recovered slightly from session lows with technical c

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Being consistency and patient will always give reward to you. My trade log update this week, not as good as my standard(I have to reduce exposure, to match market beta) but it can be acceptable. Signal always available 24/7. Good luck everyone and enjoy your weekend.

The first thing you should know about Fibonacci instruments is that it works best in a trending forex market.The idea is to go long (or buy in) at the Fibonacci support level when the market goes up and go short (or sell) at the Fibonacci resistance level when the market goes down.Fibonacci retracem