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  1. #21
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    Oct 2015
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    Gold Fundamental Forecast For The Week of April 3, 2017
    Gold futures posted a two-sided trade last week before closing only slightly lower. Investors had a lot on their plates last week, dealing with Trump administration issues, the U.S. Dollar, interest rates, Brexit and French presidential elections.

    June Comex Gold futures closed the week at $1251.20, down $0.50 or -0.04%.

    Comex gold futures started the week more than 1 percent higher after President Trump’s failure to put through a healthcare reform package the previous Friday raised questions over his ability to deliver promised tax cuts and spending plans.

    This news drove the U.S. Dollar into a four-month low, making dollar-denominated gold a more attractive investment.

    Gold prices retreated the rest of the week after the dollar strengthened due to hawkish commentary from several Fed officials.


    Read More on https://www.xtreamforex.com/Educatio...-april-3-2017/

  2. #22
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    Oct 2015
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    How Do Oil Prices Affect Your Trading Wallet?

    It is important for everyone to keep an eye on the live oil prices as it affects a large part of our life on a day to day basis. One of the main reasons for this fact is that unlike other commodities like gold, silver, diamond etc., oil is an essential commodity and considering its usage and impact in our lives, it is probably the most important commodity in the world. A couple of decades back, entire wars were fought by some of the greatest world powers in order to gain control over large reserves and this should be enough proof to stress the importance of oil as a commodity that impacts our daily lives.


    Find Details At: https://www.xtreamforex.com/Education/forex-blog/

  3. #23
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    Oct 2015
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    Daily technical Analysis & Forecast: WEDNESDAY-April 6, 2017

    EUR/USD Forecast: Will it break the range ahead of Trump-Xi Summit?
    Day’s Range: 1.0662 - 1.0684
    Support levels: 1.0640|1.0626|1.0604
    Resistance levels: 1.0684|1.0698|1.0720

    GBP/USD Forecast: GBP/USD has a relook at 1.25 handle, focus on Trump-Xi meeting
    Day’s Range: 1.2475 - 1.2501
    Support levels: 1.2437|1.2418|1.2387
    Resistance levels: 1.2499| 1.2518| 1.2549

    USD/JPY Forecast: USD/JPY downside playing out, fresh lows scored in Tokyo
    Day’s Range: 110.30 - 110.73
    Support levels: 110.52| 110.30| 109.93
    Resistance levels: 111.26| 111.48| 111.85

    Read More Details: https://www.xtreamforex.com/Education/

  4. #24
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    Oct 2015
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    GBP/USD: GBP/USD pair is on a minor-recovery mode in mid-Asia
    The pair bottomed at 1.2450 this Thursday, now the immediate support, although a more relevant one comes at 1.2410, and only below this last the pair can gain bearish momentum.

    GBP/USD Technical Forecast
    Day’s Range: 1.2447 - 1.2477
    Support levels: 1.2452| 1.2438| 1.2415
    Resistance levels: 1.2498| 1.2512| 1.2535

    Visit: https://www.xtreamforex.com/Educatio...april-07-2017/


    EUR/USD: Has Euro lost its funding currency status?
    the EUR/USD pair hardly moved following the US attack on the Syrian targets. The common currency has been referred to as a new funding currency, ever since the ECB hit the zero lower bound and started the QE program back in 2014/15.

    EUR/USD Technical Forecast
    Day’s Range: 1.0633 - 1.0660
    Support levels: 1.0630| 1.0616| 1.0593
    Resistance levels: 1.0676| 1.0690| 1.0713

    Visit: https://www.xtreamforex.com/Educatio...daily-outlook/

  5. #25
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    Oct 2015
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    Oil falls - 0.79% after North Korean missile test
    Crude oil fell in quiet trading on Monday, after the three-day Easter break, on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday.
    Benchmark Brent crude futures were down 49 cents at $55.40 at 0310 GMT. On Thursday, before the break closed most major markets, they settled up 3 cents at $55.89 a barrel.
    U.S. West Texas Intermediate crude futures were also down 47 cents at $52.71 a barrel. They rose 7 cents to $53.18 on Thursday.
    Read More Details: https://www.xtreamforex.com/Education/daily-forex-news/

    Gold Price rose in Asia as china GDPs improvement

    Gold prices gained solidly on Monday as China GDP came in better than expected and tensions on the Korean peninsula supported demand.
    Gold for June delivery on the Comex division of the New York Mercantile Exchange rose 0.35% to $1,293.00 a troy ounce, while silver futures were up 0.49% to $18.600 and copper futures gained 0.62% to $2.583 a pound.
    Read More Details: https://www.xtreamforex.com/Education/daily-forex-news/

  6. #26
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    The USD fell to a five-month low against the JPY | April 18, 2017


    The U.S. Dollar fell to a five-month low against the safe-haven Japanese Yen on tensions with North Korea over the week-end. The dollar rebounded, however, as the Dollar/Yen Forex pair neared a major retracement level at 107.856, sending it higher into the close. The catalyst behind the rally was a rise in U.S. Treasury yields which made the dollar a more attractive investment.U.S. West Texas Intermediate crude futures were also down 47 cents at $52.71 a barrel. They rose 7 cents to $53.18 on Thursday.


    Read More Details: https://goo.gl/CHvKK9

  7. #27
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    How are Bollinger Bands used in forex trading?

    Bollinger Bands are one of the most popular technical indicators for traders in any financial market, whether investors are trading stocks, bonds or foreign exchange (FX). Many traders use Bollinger Bands to determine overbought and oversold levels, selling when a price touches the upper Bollinger Band and buying when it hits the lower Bollinger Band. In range-bound markets, this technique works well, as prices travel between the two bands like balls bouncing off the walls of a racquetball court. However, Bollinger Bands don’t always give accurate buy and sell signals. This is where the more specific Bollinger Band “bands” come in. Let’s take a look.
    As John Bollinger was first to acknowledge: “tags of the bands are just that – tags, not signals. A tag of the upper Bollinger Band is not in and of itself a sell signal. A tag of the lower Bollinger Band is not in and of itself a buy signal.” Price often can and does “walk the band.” In those markets, traders who continuously try to “sell the top” or “buy the bottom” are faced with an excruciating series of stop-outs or worse, an ever-mounting floating loss as price moves further and further away from the original entry.
    Perhaps a more useful way to trade with Bollinger Bands is to use them to gauge trends. To understand why Bollinger Bands may be a good tool for this task we first need to ask – what is a trend?

    Read More: https://goo.gl/zzzm4A

  8. #28
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    Oil Prices Fundamental Report : Biggest Weekly Drop In A Month

    Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years.
    Brent crude futures (LCOc1) were at $52.99 per barrel at 0323 GMT (11:23 p.m. EDT), flat from their last close. Brent futures are set for a 5.2 percent weekly drop, the most since the week of March 10.
    U.S. West Texas Intermediate (WTI) crude futures (CLc1) were also almost unchanged, at $50.74 a barrel. WTI is set for a 4.6 percent weekly decline, also the most since March 10.
    Reuters' technical analyst Wang Tao said that WTI had support just above $50 per barrel, while Brent had support around $52.55.
    The stable prices on Friday followed a more-than-3.5 percent fall in both benchmarks earlier this week as doubts emerged over the effect of an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to cut production by almost 1.8 million barrels per day (bpd) during the first half of the year.
    Thomson Reuters Eikon data shows that a record 48 million bpd of crude is being shipped across ocean waters in April, up 5.8 percent since December, before cuts were implemented.

    Read Full Report: https://www.xtreamforex.com/Educatio...op-in-a-month/

  9. #29
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    Oct 2015
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    How to do Fundamental Analysis & Fundamentals Trading Strategies


    In the equities market, fundamental analysis looks to measure a company’s true value and to base investments upon this type of calculation. To some extent, the same is done in the retail forex market, where forex fundamental traders evaluate currencies, and their countries, like companies and use economic announcements to gain an idea of the currency’s true value.
    All of the news reports, economic data and political events that come out about a country are similar to news that comes out about a stock in that it is used by investors to gain an idea of value. This value changes over time due to many factors, including economic growth and financial strength. Fundamental traders look at all of this information to evaluate a country’s currency.
    Given that there are practically unlimited forex fundamentals trading strategies based on fundamental data, one could write a book on this subject. To give you a better idea of a tangible trading opportunity, let’s go over one of the most well-known situations, the forex carry trade. (To read some frequently asked questions about currency trading,

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    https://www.xtreamforex.com/Educatio...ng-strategies/

  10. #30
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    Oct 2015
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    USD/JPY Forecast April 25, 2017

    The Dollar Index (DXY) gapped lower overnight as the outcome of the French election underpinned the euro, which makes up a big portion of the index. Despite the DXY’s weakness, the USD/JPY gapped higher as the news also undermined perceived safe haven assets such as gold and yen. But the gains for the USD/JPY were short-lived and the daily chart of the USD/JPY is currently displaying a bearish price pattern, which suggests that the gap may well be ‘filled’ completely in due course and there may even be a possibility for a deeper pullback.
    As can be seen from the chart, the USD/JPY is in the process of potentially forming an inverted hammer candlestick formation after the gap up. This price pattern is typically bearish as it highlights a lack of willingness from the buyers to hold onto their positions. Thus, we may see some weakness follow-through in the upcoming Asian session.

    Read More: https://www.xtreamforex.com/Educatio...l-to-downside/

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