Monday 31 May 2021

Comment on Gold on May 31, 2021

 At the end of last week's session, precious metal Gold had another gaining week from 1872 to 1912 ($40) and closed the week with a bullish candle around 1903. This is the 4th week of consecutive gains.  continues of this precious metal and has not shown any sign of decreasing again, so it is likely that in the beginning of today's session, Gold will still be supported in the uptrend.

 - On the D1 daily chart time frame, we can see a strong upward push and if Gold breaks out of the 1912 "old peak" price zone, it is likely that Gold can go to the 192x-193x price zone.  Up to this price area we will consider the signals to sell down with this precious metal.

 - Today is also the last day of May, so tonight we need to pay attention to the profit taking rhythms of investors because May is the month when Gold has rebounded very strongly.




Saturday 29 May 2021

The Best Forex Trading Strategies that work in 2021

 


A forex trading strategy will help you to decide when to buy and when to sell a currency pair. This involves studying the fundamental and technical factors. So when it comes to choosing the best forex trading strategy, we would tell you that there is no single answer to this. All the forex trading strategies are unique and what might work for one investor might not work for another investor.

Things to be Considered Before Considering Forex Profit Strategies

While considering the best forex trading strategy for yourself, you should consider the following factors.

#1. Your Time Horizon

Are you investing for short-term, medium-term or long-term/

#2. Your Risk Bearing Capacity

What are the profit and loss targets that you have set in the forex market?

#3. Your Trading Style

Are you an Intraday trader or buy-and-hold trader?

After considering all of the above factors it is important to choose the best forex trading strategy that works for you.

Here is a list of trading strategies that work:

1. Price Action Trading

2. Range Trading

3. Position Trading

4. Trend Trading

Friday 28 May 2021

Comment on Gold on May 28, 2021

 In yesterday's trading session, precious metal Gold fell from 1903 to 1888 ($ 15) then recovered to 1898 closing the session with a doji candle.  Combined with yesterday's bearish candle, our opinion today has not changed much, we still favor a slight correction of precious metal Gold after many weeks of increasing price.

 - Switching to the H4 time frame, the nearest resistance can establish a sell state for the precious metal Gold around 1897-1900.  Here we can establish a short position with Gold.  The safe target would be around 1888-1891.  This is also the support area of ​​MA20 band above H4 that Gold has not broken yet.  If we can break this price range today, we will be able to move down to 1875. This is the price range where I expect Gold can drop in yesterday's session. If we can reach here, we will be liquid.  sell out and wait for a new golden long beat.


Gold Signals

Thursday 27 May 2021

Gold comment on May 27, 2021

  ‼️In yesterday's session, after precious metal Gold bounced up around 1912, it fell back to 1890 ($22) and closed yesterday's session with a bearish candle around 1912.  threshold 1896. With this drop, it has shown that the uptrend has started to limit and gradually selling force appears.  Therefore, in today's trading session, our plan will be to prioritize selling.

 - Considering the H4 time frame, we can wait for this metal to return around the 1900-1904 price level to establish a sell position with the target as the support area around 1885. Here we liquidate the order to wait.  Wait for the next signal.  If today the precious metal crosses the threshold of 1870-1875, it is highly likely that Gold will have a deep correction after many weeks of strong price increases.

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Silver Technical Analysis on May 27, 2021.

The previous trading week silver had 1 week of slight increase to end the week, although there was a gain in green candle power, but near the last sessions of the previous week, selling force started to appear, that's why last week's candle beard  Long candles signal unsustainable uptrend.

 - On the D1 daily chart time frame for the last 6 trading sessions, Silver is still moving sideways in the range of 28.1 to 27.4 which is also the MA20 price area on the daily chart, which is still a support area for Silver.  In our opinion in the near future, silver is likely to correct after nearly 2 months of strong gains and if it breaks MA20 above D1, it is highly likely that Silver will drop to around 26.7 in the next few trading sessions.  next.


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Wednesday 26 May 2021

Gold comment on May 26, 2021

‼️At the end of yesterday's session, precious metal Gold officially conquered the threshold of $ 1900, just like the analysis video at the end of the week, closing yesterday's session with a strong bullish candle, so in  At the beginning of today's trading session, it is highly likely that GOLD will continue to gain momentum around 1905-1910.

 - Looking at the daily time frame we can see that Gold has moved around the next resistance level at 1905-1910.  If this resistance area can be overcome, the price levels 193x-195x will appear.  So my personal opinion at 1905-1910 we can establish a short position with precious metal Gold getting around 1885-1895.  When we reach this price range, we consider a signal to buy back to 1900. And wait for the price reaction here to have the next option.

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Tuesday 25 May 2021

Check out the news happening in the last 24 hours

  1️⃣ Yesterday's main news

 - WTI crude oil once jumped 4%.

 - Cryptocurrencies recover violently, Bitcoin once reached the $ 40,000 mark.

 - Dario claims to hold some Bitcoins.

 - US Treasury Secretary Yellen is expected to attend the G7 summit in London.

 - Fed officials favor the digital dollar.

 - US Secretary of State Blincol will visit the Middle East this week.

 - Musk said he had a conversation with Bitcoin miners in North America.

 - Iran's monitoring agreement with the International Atomic Energy Agency will be extended by one month.


 2️⃣ Today's important facts and data

 - the euro area will publish the final value of the first quarter GDP annual rate.

 - US will publish April trade account.

 - EIA will release its monthly short-term energy outlook.

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The U.S. Federal Reserve prepares talks on tapering

Currencies: 



MARKET VIEW


Weekly changes: EURUSD +0.37%, GBPUSD +0.44%, USDJPY -0.51%, USDCAD -0.35%


The EURUSD had approached the 1.2245 level three times during a week but closed it at 1.21770 due to firm U.S.data. The first mentioned price zone has the potential of further rise, but the lack of interest in the U.S. dollar makes the scenario quite unlikely.


The GBPUSD pair rose above 1.4200 for the first time since February, early this week. The pair was boosted by a weak greenback and bets on a faster U.K. economic recovery. The positive retail sales data release made the pair exceed 1.42360 towards the end of the week. Due to the U.S. dollar's current status, the pair slightly slipped down without losing weekly gains.


The USDJPY pair continued to be safe between the 108.60 and 109.30 tight price corridor, without any clear direction. The price fluctuations were caused by the mixed Japanese statistics throughout the week. The movements started with the negative GDP data release, followed by improved imports and export figures, but shadowed by consumer prices at the end of the week.


KEY POINTS


The greenback fell this week on the back of speculation that the U.S. Federal Reserve will have to tighten its ultra-loose monetary policy sooner than anticipated. On the other hand, eurozone business growth accelerated at its fastest pace in over three years, but European Central Bank president Lagarde said an uncertain recovery still needed emergency support from the ECB. The following week will show the release of important American macroeconomic figures, and their positive output may help the greenback boost.


General weakness is likely to continue in the near term with the U.S. dollar but dissipate afterwards. On the one hand, the U.S. absolutely outperforms the eurozone and Japan. On the other, the Americans received vast amounts of money on hand over the past year. And these funds not only work in the economy as the jobs recover, but they also raise inflation and weaken the country's currency.


The British pound benefited for the third consecutive week against the U.S. dollar. The U.K. PMI data outperformed its expectations, as hotels and other previously closed customer services saw a jump in demands. The country's recovery is already priced into the sterling, but it's impossible yet to count its impact on GDP.

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Monday 24 May 2021

Gross Domestic Product, Germany

 WHAT IT INFLUENCES: EUR and its subsequent pairs

WHAT'S HAPPENING: The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is a broad measure of German economic activity and health. A high reading or a better than expected number positively affects the EUR, while a falling trend is seen as negative or bearish.

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Gold Update on May 24, 2021

 Ending the last trading week, precious metal Gold had another gaining week from 1840 to 1890 ($50) to close the weekly candle with a strong upward force.  With the precious metal Gold closing with a strong increase, the possibility that at the beginning of this week's trading session, the precious metal Gold will continue to be promoted and go up.

 - On the D1 daily chart time frame we can see that after 1 day of slight downtrend, the last 2 days of the week the uptrend continued with the latter peak being higher than the previous one, so the short term resistance area Gold is facing  1889-1890 will be difficult to hold in the next trading sessions.

 - Switching to a shorter time frame, H4, after testing the 1889 price area again, the precious metal Gold had a slight correction but the drop was not too strong and stopped around the support level of 1865-  1870.  This is also the nearest support price zone where in my opinion we can establish a buy status with Gold in today's trading session.  The target will be the "old top" 1890 and expect Gold to break through and go up to the 1900-1902 price zone.





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Friday 21 May 2021

Technical Analysis on Gold on May 21, 2021

Gold Technical Analysis




 ‼️In yesterday's trading session, after retesting the 1865 price area many times, but the price did not break through and went up 1883. Closed yesterday's session with a bullish candle at 1876. With today's event  Through this rally, precious metal Gold has not shown a bearish signal and still has the possibility of going up, so at the beginning of today's session, we will be inclined to buy this metal.

 - Switching to the H4 time frame we can see that this precious metal has a support area around 1865 as well as MA20.  So in today's session we can establish a buy position around this price range from 1865-1869.  With the target will be the nearest "old peak" around 1888. Then liquidate the order and wait for the next signals.


Check out the news happening in the last 24 hours

  1️⃣ Yesterday's main news

 The ceasefire agreement between Israel and Gaza has come into effect.

 - The US Treasury Department proposes to set a global minimum corporate tax rate of 15%.

 - The U.S. Department of the Treasury requires large electronic money transfers to be reported to the IRS.

 - The Federal Reserve will release a report on US digital currencies this summer.

 Weak demand for inflation-protected bonds shows confidence in the Fed's inflation theory.

 - Fed's reverse repurchase activity surges, as huge amounts of cash are looking for exits.

 - The West has agreed to lift major sanctions on Iranian oil, etc.

 - The number of new confirmed cases in India in just one day has dropped below 300,000 for four consecutive days.


 2️⃣ Today's important facts and data

 - President of the European Central Bank Lagarde gave a speech.

 - US May Markit Manufacturing and Services Initial Value PMI, the market is expected to be the same as the previous value.

 - Fed Bostic and Barkin attend the meeting. The next day, Fed Daley will give a speech.

 - The total number of US oil rigs for the week to May 21 is announced, and is expected to continue to increase to 356.

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Thursday 20 May 2021

Comment on Gold on May 20, 2021

  ‼️In yesterday's trading session, we had great success with the strategy of buying at 1855 to around 1889 ($34).  After taking profits, at the end of the session Gold fell again and closed yesterday's trading day, this precious metal ended the day with a falling doji candle.  With a close like this in my opinion this metal has started a slight correction and in the beginning of today's session we can sell down with this metal's correction.

 - Switching to a shorter time frame than H4 now the price is touching MA20 above H4 and there will be a slight uptrend.  This upward force in my opinion is the point where we can wait for the high price to sell down and the possibility that around the 1870-1875 price zone we can establish a sell position with this metal with a safe target around the threshold.  1855 in today's trading session.

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Check out the news happening in the past 24 hours!!!

  1️⃣ Yesterday's main news

 - Cryptocurrencies collapsed in panic, Bitcoin once plummeted 30% to nearly $30,000.

 - Fed meeting minutes hint that QE will be discussed, rate hike expectations are heating up and gold breaks below 1870.

 - European Central Bank warns of financial stability risks as markets boom, but risks in cryptocurrencies are limited.

 Iran's President shows significant progress in new round of Iran nuclear talks.

 - Netanyahu said after calling Biden that he would continue military operations in the Gaza Strip.

 - EIA gasoline inventories fell the most since the week of March 5, 2021.

 - Tesla's plunge since January has wiped out Tesla's market value by $300 billion.


 2️⃣ Today's important facts and data

 - On the side of the Central Bank, today, the President of the European Central Bank Lagarde gave a speech. Today , Governor of the Bank of Canada McClum held a press conference.

 - In terms of numbers, the number of initial jobless claims from the US through May 15 was published, and the market is expected to drop to a new low.

 - In addition, at the next day, the price of New York crude oil for June term completed the last trading session on the floor.

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Wednesday 19 May 2021

DAX Analysis by Money Life Research

 As soon as we touched the historical highs, the continuous decline today collapsed.  At the moment a bad sign for the bulls and the falls may have just begun, although as always the last word is the DAX.  Regarding data, today there are IPCE in the EU and minutes of the FOMC in the USA.

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Tuesday 18 May 2021

Technical Update of Gold

 📕 Comment on Gold on May 18, 2021:



 ‼️Ending yesterday's session, precious metal Gold had quite strong gains after a slight decline to 1844 rose to 1868, closed the day with a strong bullish candle and broke out of the resistance price zone.  strong around 1855-1860.  With this breakthrough, in my opinion, Gold has broken out of the downtrend line since August 2020 to go up and the war and conflict escalated in the Gaza Strip between the Israeli army and the Palestinian-backed forces.  In my opinion, it is likely that the upcoming trend of Gold will prioritize the uptrend.

 - With the break of the strong resistance zone around 1855-1860, it turned this price zone into a new support and changed my opinion against yesterday's trading session, today if there is a  If there is any strong decline, it is an opportunity for us to establish a long position with Gold.  The price area we can establish a buy position is around 1850-1855 with the target of 187x-188x in today's session.



Monday 17 May 2021

Check Out The Recent Updates Of Market

 *Notable economic events and data this week

 - During this week, people are mainly concerned with the following risk points.  One is the move of the central bank.  On the Fed side:

 - On Monday, the Atlanta Fed President, Bostic, will deliver the opening remarks at the virtual meeting and invited Fed Vice President Clarida to attend.

 - Bostic will speak again on Wednesday.

 - The FOMC Federal Reserve released the minutes of its monetary policy meeting on Thursday.

 - On the side of the European Central Bank, on Thursday, the President of the European Central Bank Lagarde will attend the conference "Gender, Money and Finance" and give a speech.

 - Second, the economic data reports of different countries also deserve attention.

 - Next Tuesday, the euro area will publish the revised value of the first quarter GDP annual rate.

 - On Thursday, China will announce the interest rate listed on the one-year lending market until May 20.

 - On Friday, the US will release the initial value of the Markit Manufacturing PMI for May.

 - In addition, the annual meeting of the World Economic Forum will be held from Tuesday to Friday.

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Friday 14 May 2021

Check out the news of the past 24 hours: Register for more details

  + Check out the news of the past 24 hours:


 1️⃣ Yesterday's main news

 Biden expressed willingness to make concessions on infrastructure plans.

 - Fed governor said he will not raise interest rates until inflation exceeds target for a long time.

 - Overall PPI of the United States in April increased by 6.2% over the same period last year.

 - People who are fully vaccinated in the United States do not need to wear a mask indoors.

 - CME Group increases profit margin for futures contracts and gasoline futures.

 - Colonial Pipeline is rumored to give hackers nearly $ 5 million in ransom.

 Global gold ETFs are still flowing in April, but the overall trend has slowed.


 2️⃣ Today's important facts and data

 At tonight, the United States will announce April retail sales every month supported by "horror data". The United States will also announce the monthly industrial output rate for April.

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Gold comments on May 14, 2021

  ‼️During yesterday's session, precious metal Gold had a decline to the 1808 support area and then rebounded at the end of the session, closing yesterday's session with a bullish candle around.  1826 threshold. Although closing the day with a bullish candle, but in my opinion the decline of the next candle next Wednesday is still dominant and the downside pressure is still there.

 - Switching to the shorter time frame H4 we can see that the uptrend is still being restrained around the MA20 on this chart and in my opinion here we can establish a sell position here with  1818 target and beyond is stronger support at 1805.

 - Today is the last trading session of the week, so there will be profit taking steps at the end of the day, please note and my expectation Gold will have 179x in today's session.


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Thursday 13 May 2021

Check out the news of the past 24 hours

 1️⃣ Yesterday's main news

 10-year US Treasury yield once returned to 1.70%.

 - The US annual CPI rate in April reached the highest level in 13 years.

 - Fed vice chairman downplayed the importance of rising inflation.

 - The two sides in the United States are likely to reach compromise on the infrastructure plan.

 The US budget deficit rose to a record 1.9 trillion dollars.

 - Colonial is restarting the pipeline.

 - The SEC issues Bitcoin futures risk warning for mutual fund investors.

 - US crude oil exports fell the most in history last week.

 - The IEA lowered its forecast for global crude oil demand growth in 2021.

 2️⃣ Facts and important data today

 - At tonight, the United States will announce the April PPI monthly rate, which is expected to record 0.3%, compared with the previous value of 1%.

 - At tonight, the FOMC 2021 voting committee and Fed Chairman Richmond Barkin will deliver a speech;  on Friday, Fed Governor Waller will deliver a speech on the outlook for the US economy.  Investors can pay attention to their views on the latest inflation data.

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Gold on May 13, 2021: Money Life Research

 📕 Comment on Gold on May 13, 2021:



 ‼ ️The end of the session yesterday, gold precious metal had a nice drop when from 1843 to 1813 ($ 30) closed the session yesterday at 1815 with a strong candle and completely covered.  increase in the previous 2 days.  With such a sharp decline, it is likely that in today's session, gold precious metal will continue to be under pressure to decrease.

 - Considering on the shorter term timeframe H4 we can see the price is sticking to the falling band.  But this area is not a good price zone for us to sell down, I expect Gold price will have recovery spans to around 1820. Here we can establish a short position with precious metal Gold.  on the support it broke right a week ago is 1795-1804.  Here we will liquidate the order and wait for the next signal.

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Wednesday 12 May 2021

Top Forex News by Money Life Research

 🌈 Notable facts and economic data today


 - Today, UK will publish the initial value of the first quarterly GDP annual rate.

 - Today, the IEA publishes the monthly crude market report.

 - Today the US will announce the unadjusted annual CPI rate in April, which is expected to be 3.6%.

 - Today, Fed Vice President Clarida will attend the National Business Economics Association's Global Forum on post-translation global economies to host a discussion.

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Comment on Gold on 12/05/2021

 ️In the session yesterday, the gold precious metal had a quite strong decline as analyzed when it decreased from 1841 to 1817 ($ 24) but this decrease was not maintained until the end of the session but rose to 1838 immediately.  then, closing the daily candle remains with a bullish candle.  In my opinion, with Gold not falling further and rebounding up like yesterday, it is likely that Gold will continue to move sideways in the range 1829-1840 in today's trading session waiting for the trend to break.  break next.

 - Moving to the shorter-term timeframe H4, we can see that the MA20 on this time frame still plays a supporting role for the precious metal Gold.  So we could enter a buy position here with a safe target at 1840. Here we wait for the signal to consider reselling.



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Tuesday 11 May 2021

Comment on Gold on May 11, 2021

  ‼️ ️In yesterday session, gold precious metal did not change too much when the price increased from 1830 to 1845 and then fell back to 1835, closing the daily candle was still with a bullish candle but the uptrend was not  still being as strong as the previous 2 candles and I still hold the same opinion as yesterday that this precious metal is facing a fairly strong resistance at the 1845-1850 price range, so in my opinion during the trading sessions.  Earlier this week, the plan would be to sell down precious metals.

 - Moving to the shorter time frame H4 we can see the possibility that this precious metal is creating a "resistance" to go down and here in my opinion we can establish a sell position with an aim of security.  is around the threshold of 1825-1815 and expected to retest this zone, the metal price has broken around the threshold of 1800-1804.

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Technical Analysis on Gold on May 11, 2021

 📕 Comment on Gold on May 11, 2021:



 ‼ ️In yesterday session, gold precious metal did not change too much when the price increased from 1830 to 1845 and then fell back to 1835, closing the daily candle was still with a bullish candle but the uptrend was not  still being as strong as the previous 2 candles and I still hold the same opinion as yesterday that this precious metal is facing a fairly strong resistance at the 1845-1850 price range, so in my opinion during the trading sessions.  Earlier this week, the plan would be to sell down precious metals.

 - Moving to the shorter time frame H4 we can see the possibility that this precious metal is creating a "resistance" to go down and here in my opinion we can establish a sell position with an aim of security.  is around the threshold of 1825-1815 and expected to retest this zone, the metal price has broken around the threshold of 1800-1804.


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Monday 10 May 2021

Comment on Gold on 05/10/2021

  At the end of last week's trading session, gold precious metal rebounded quite strongly after the United States announced Nonfarm's payroll was not as good as the market's expectation, the price broke the resistance zone 1800-1804 earlier.  1843 this is the highest price range in the past 10 weeks of this precious metal.

 - On the weekly chart timeframe we can see that this precious metal is having a fairly strong resistance at the 1843-1850 price range, so in my opinion, in the beginning of this week's trading session, the solution will be favorable  First sell down with precious metals Gold.

 - Considering the shorter time frame of H4, we can establish a sell down position for this precious metal when the price retests around 1838 with a safe selling target at around 1815-1820 and expect to test.  This metal price zone has broken around 1800-1804.

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DAX Technical Analysis: Money Life Research

 After the great bearish scare of last week, the DAX continues with bullish force heading the historical highs located in the area of ​​the 15520 and, shortly after it hits a new impulse, it would reach them, then we will see if it passes or forms  a flysheet.  In terms of data, there is nothing relevant today.



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Friday 7 May 2021

Comment on Gold on May 7, 2021

  ‼️ ️In yesterday's session, gold precious metal had a fairly strong growth span from 1781 to 1817 ($ 36) and closed the session yesterday with a bullish candle that surpassed the resistance zone 1800-1804  and heading towards the next resistance around 1821-1825.

 - D1 timeframe we can see when a resistance is broken it turns into a new support zone and we wait for the price to come back to buy but in my opinion the possibility of a rally.  In the beginning of the session today, it is a bit difficult to happen, but in my opinion, if Gold returns here, the possibility of yesterday's trading day will be a "fake breakout" and will go down again.

 - Tonight, the US announced the Nonfarm payroll report for April and closed the weekly candle, so I think there will be 2 possible scenarios.  Firstly, Gold may move sideways to continue its uptrend, break up to the 1821-1825 price range, and then decrease again.  The second is that this metal is likely to fall to its sideways price zone that it broke yesterday to become a "fake breakout".

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Market Update For Traders: Checkout the news of the past 24 hours

 1️⃣ Yesterday's main news

 - Gold has a strong momentum when supported by psychological fear of increasing inflation when commodity prices rise to new highs, along with bond yields, making the Dollar fall again.

 - The Fed's financial stability report warns many market risks.

 - World Gold Council: Global gold ETF continues to flow out in April.

 - Merkel objected to the patent exemption for the Covid19 vaccine.

 - Bank of England sharply increased economic expectations, revealed the time to raise interest rates.

 - Chairman of the US Securities and Exchange Commission said to improve the transparency of short selling transactions.

 2️⃣ Facts and important data today

  Regarding economic data:

 - Today, China will have April Caixin Service PMI.

 - Today the US will announce the seasonally adjusted unemployment and nonfarm employment population in April. Market expect that the data will add 978,000 new jobs in April.  , up from 916,000 previously.

 Regarding central banks' statements:

 Today, the Reserve Bank of Australia will release a monetary policy statement.

 Today, the President of the European Central Bank Lagarde will deliver a speech.

Today , the Deputy Governor of the Bank of England Broadbant and Chief Economist Haldane delivered a speech.

 Today, the FOMC voting committee and Fed Chairman Richmond Barkin will deliver a speech in 2021.

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Thursday 6 May 2021

Check out the news of the past 24 hours

 1️⃣ Yesterday's main news

 - The total US refinancing amount does not change for the first time after 15 months.

 - Many senior Fed officials speak up about issues such as reducing debt purchases.

 - Non-farm growth was small in March, but not as expected.

 - US crude oil exports hit a record high last week.

 - Saudi Arabia cuts prices of all crude oil sold to Asia in June.

 - The SEC is reviewing disclosure rules for swaps and short sales.

 - The Japanese Government considered extending the emergency declaration.

 - Bank of England will announce the interest rate decision.

 2️⃣ Facts and important data today

 Today, we can focus on the latest developments in the top central banks.

 - Today, the Bank of England announced interest rate resolutions, meeting minutes and monetary policy report.  Markets expect that the Bank of England will keep interest rates the same, but it could fundamentally lift its economic growth forecast for this year.  Investors can be wary of the appreciation risk of the British pound.

 - Today, President of the European Central Bank Lagarde delivered a speech on corporate sustainability.

 - Today, the FOMC Permanent Voting Committee and New York Williams Fed President are to deliver speech;  The Federal Reserve will release the May 2021 Financial Stability Report tomorrow.

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Wednesday 5 May 2021

Comment on Gold on 05/05/2021

  ‼️ ️ At the end of yesterday's session, the world gold price fell quite strongly and correctly analyzed when it fell from 1798 to 1770 ($ 28) to close yesterday session with a bearish candle around 1778.  With this precious metal continuously failing to break the 1798 price zone and going down again to hit the 1770 zone with the downward pressure still quite strong, so in my personal opinion it is likely that this precious metal will continue.  continued to decline in today's session.

 - Still on the timeframe of the daily chart, we see that the precious metal is in the sideways range of 1768-1798 and has not broken the lower zone around 1765-1770, so it is likely that around this price zone, the precious metal will recover slightly.  in early trading today.

 - Moving to a shorter time frame of H4, it is likely that the gold precious metal will recover to around 1783-1785.  Here we consider setting a sell-down position on the precious metal Gold with a safety target of around 1770.

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Analysis of USDCAD on 05/05/2021:

 ✍️ Analysis of USDCAD on 05/05/2021:



 - As my DXY analysis last week mentioned that I expect USD to rise in the near future and USDCAD is no exception.

 - Last week was a fairly strong losing week, closing the week with a full-powered bearish candle, if we look at the candles we will probably continue selling down, but in my opinion, if I look more at the chart.  In the next month, USDCAD is in the strong support range from 1.2240-1.2260  Around this level in my opinion we should establish a short position with USDCAD.

 - In the last 2 weeks, USDCAD has fallen by nearly 400pip, so at this strong support, we can establish a buy position with a possible target of 50-100pip.  Additionally, on USDCAD daily chart there is a phenomenon of "bottoming out" in favor of my buying trend.

 👉 Reference signal.  Buy USDCAD at current price 1.2288

 SL: 1.2230

 TP: 1.2XXX-1.2XXX

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Tuesday 4 May 2021

Further analysis USDCHF

  - At the end of last week session, USDCHF currency pair closed with a bullish pinbar candle.  With this closing, in my opinion, the USDCHF is likely to be a recovery week this week.  So we will wait for the price to bounce back so we can establish a buy position on USDCHF.


 - Switching to a shorter time frame, H4, the possibility that USDCHF will bounce back around 0.9118 where we can establish a buy position with USDCHF with the nearest target of 0.9171, which is also the MA20 on the timeframe.  D1 daily chart.

 👉 Buy limit USDCHF 0.9118 and buy limit at 0.9085

SL: 0.9067

TP: 0.9171

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Currency Pair Signal: Analysis

 ✍️ Further analysis USDCHF:




 - At the end of last week session, USDCHF currency pair closed with a bullish pinbar candle.  With this closing, in my opinion, the USDCHF is likely to be a recovery week this week.  So we will wait for the price to bounce back so we can establish a buy position on USDCHF.

 - Switching to a shorter time frame, H4, the possibility that USDCHF will bounce back around 0.9118 where we can establish a buy position with USDCHF with the nearest target of 0.9171, which is also the MA20 on the timeframe.  D1 daily chart.


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Monday 3 May 2021

Notable economic data and events this week

  - Biden is expected to boost the government's massive spending program this week.  According to White House Press Secretary Jane Psaki, US President Biden will speak on the Covid19 epidemic on Tuesday, will speak on the economic situation on Friday and may discuss job plans during a visit to Louisiana on  Thursday.  Investors may continue to pay attention to Biden's efforts to push the latest stimulus plan.

 In terms of data, this week focuses on Friday's non-farm data;  after the non-farm record rose 916,000 in March, economists predicted that the number of new jobs in April could reach 1 million.  Additionally, many economies will release April PMI data for manufacturing and service industries this week.  On Monday, France, Germany, the Eurozone and the UK will release their final manufacturing PMIs in April, and the US April Markit Manufacturing PMI and Monthly ISM Manufacturing PMI.  4 US will also be announced on Monday.

 In addition, on Tuesday, the Reserve Bank of Australia will announce its decision on interest rate and 3-year Treasury bond yield target.  Markets expect Reserve Bank of Australia to stand still.

 On Thursday, the Bank of England will publish the resolutions on interest rates, the minutes of the meeting and the monetary policy report.  Bank of England Governor Bailey will hold a press conference.  Analysts expect the Bank of England to signal that it plans to reduce asset purchases.

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Gold Technical Analaysis on May 3, 2021

 📕 Comment on Gold on May 3, 2021:



 ‼ ️ Ending session last week Gold precious metal had a week of decline from 1790 to 1755 ($ 35) to close the week around the threshold of 1768. With the last week Gold prices continued to fail to break out "  The old peak of 1797 "in my opinion this price zone continues to be the resistance zone this week of the precious metal for us to sell down.

 - Switching to the daily chart time frame we can see that in the past week, only on Thursday (April 29, 2021), the gold precious metal has a rhythm to the remaining 1755, the price is almost delivered.  trading above the threshold of 1760 and there has never been too much downward pressure on the price to penetrate this price range. Therefore, in the beginning of the trading session this week, in my opinion, we still maintain the plan to buy Gold with the precious metal Gold.  That safe target is around 1780 and beyond 1785. Here we should liquidity and wait for the next trend.

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