Fundamental Analysis

EUR/USD pair steadied around $1.2150 since most of traders left for year-end holidays. In 2015, Greenback is expected to continue its strength against the single currency as the European Central Bank is under pressure to proceed with further monetary easing while the Federal Reserve is likely to raise interest rate anytime soon.


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Technical Analysis

In very low liquidity sessions due to year-end and holidays, EUR/USD prices are trading below all Ichimoku Indicators supporting further decline in coming weeks. We expect the outlook to remain bearish in 2015 for the pair, so any rally to resistance lines provides opportunities to intraday traders to short the pair with major target at $1.2021.

Fundamental Analysis

The Gold rebounded to 5 months high on Monday after the victory of the Greece anti-austerity party, which provoked fears of renewed instability in Europe, increasing safe-haven demand for bullion. Greek leftist leader "Alexis Tsipras " become prime minister of the first euro zone government opposed to bailout conditions imposed by the European Union and International Monetary Fund during the economic crisis

Technical Analysis

The yellow metal has reached a recover by 8.5 % since 2015 hitting the highest level on $1307.50 per ounce. And after the significant rebound, the Gold has entered within a correction step into a sideways triangle, which confirms some decline of the prices, then we expect a significant rebound confirmed by the break above the 1298 level, then it will rise toward the Fibonacci level 78.6 % around $1300,then $1314 and $1324. Which is the main general target of the Gold. as we can see on the daily chart the Gold has succeeded to break above the MA (200), and confirms further recover of the prices

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Fundamental Analysis

The Gold rebounded to 5 months high on Monday after the victory of the Greece anti-austerity party, which provoked fears of renewed instability in Europe, increasing safe-haven demand for bullion. Greek leftist leader "Alexis Tsipras " become prime minister of the first euro zone government opposed to bailout conditions imposed by the European Union and International Monetary Fund during the economic crisis

Technical Analysis

The yellow metal has reached a recover by 8.5 % since 2015 hitting the highest level on $1307.50 per ounce. And after the significant rebound, the Gold has entered within a correction step into a sideways triangle, which confirms some decline of the prices, then we expect a significant rebound confirmed by the break above the 1298 level, then it will rise toward the Fibonacci level 78.6 % around $1300,then $1314 and $1324. Which is the main general target of the Gold. as we can see on the daily chart the Gold has succeeded to break above the MA (200), and confirms further recover of the prices

To follow the rest of the technical analysis and to know the next target of the Pound, Gold, Silver… and other currency pairs please subscribe to Capitol Academy Daily Newsletters on:
www.capitol-academy.com/en/form_fx.html
And start receiving buy and sell signals, with Entry and Take profit prices.

Fundamental Analysis

The Gold rebounded significantly hitting $ 1300 per ounce due to worries over the global economy and hopes of stimulus measures from the European Central Bank, which has increased the demand for gold as a safe-haven asset. In addition, the decline of oil prices, and the International Monetary Fund cut its global growth forecast for 2015 have increased in demand for the yellow metal.

Technical Analysis

The Gold remains moving within an Ascending channel and is in process to recover toward the SMA around $1309 per ounce. Which is considered as a strong barrier for the prices. And a break above this level can send the Gold toward the upper line of the Ascending channel at $1321 per ounce.

To follow the rest of the technical analysis and to know the next target of the Pound, Gold, Silver… and other currency pairs please subscribe to Capitol Academy Daily Newsletters on:
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Fundamental Analysis

The Gold extended gains on Wednesday as worries about Greece future in the euro area , which provoked a sell-off in equities and an increase demand of the yellow metal as a safe-haven asset.

Technical Analysis

The Gold recovered toward the expected targets of $1203 and $1209 per ounce. And today we expect some downward correction of the prices after facing a strong barrier around the SMA 20, and may push the Gold down to trade below $1200, then $1196 and $1193 per ounce.
But as we have mentioned at the beginning of this week that any downward correction would represent good opportunities to enter buy positions. As the Gold is expected to resume its bullish trend toward $1203, then to $1213 per ounce.
However the Gold is expected to remain in a range trading due to thin liquidity and the exit of the investors from trading on New Year vacations. So the market is expected to resume its trading at the next week from the New Year 2015.

Fundamental Analysis

The Gold extended gains on Wednesday as worries about Greece future in the euro area , which provoked a sell-off in equities and an increase demand of the yellow metal as a safe-haven asset.

Technical Analysis

The Gold recovered toward the expected targets of $1203 and $1209 per ounce. And today we expect some downward correction of the prices after facing a strong barrier around the SMA 20, and may push the Gold down to trade below $1200, then $1196 and $1193 per ounce.
But as we have mentioned at the beginning of this week that any downward correction would represent good opportunities to enter buy positions. As the Gold is expected to resume its bullish trend toward $1203, then to $1213 per ounce.
However the Gold is expected to remain in a range trading due to thin liquidity and the exit of the investors from trading on New Year vacations. So the market is expected to resume its trading at the next week from the New Year 2015.

Fundamental Analysis

As we have expected Greenback strengthened against the cable as the Federal Reserve is under pressure to raise interest rate this year while the head of the Bank of England has excluded any interest increase. Also, general election in U.K. in May is weighing on the British Pound.

Technical Analysis

GBP/USD pair dropped below Fibo 61.8%--78.6% zone signaling further decline for the pair. However, prices succeeded to find support just above a strong support which will pave the way for a temporary correction toward $1.5253--$1.5289 zone before prices will resume its decline below $1.5218.

Fundamental Analysis

The Silver continued its wave of losses against the US Dollar for the 4th consecutive day hitting $ 20.65 per ounce, after Janet Yellen suggested the Federal Reserve may have to raise interest rates sooner if the labor market continues to improve faster than expectations. She also claimed that the Fed will keep the current monetary policy until the recover of the U.S. labor market.

Technical Analysis

As we can see on the H4 chart, the Silver declined for the third consecutive day and broke the EMA(100) and the Fibonacci level 23.6 % hitting $20.66 per ounce. And by the formation of the Classic Bullish Divergence between the trend of the prices and the Stochastic trend, we expect a slight recover of the Silver toward the main targets stated in our daily Newsletters.

And to follow the rest of the technical analysis, to know when to enter the market, register now on our website
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Fundamental Analysis

The Silver continued its wave of losses against the US Dollar for the 4th consecutive day hitting $ 20.65 per ounce, after Janet Yellen suggested the Federal Reserve may have to raise interest rates sooner if the labor market continues to improve faster than expectations. She also claimed that the Fed will keep the current monetary policy until the recover of the U.S. labor market.

Technical Analysis

As we can see on the H4 chart, the Silver declined for the third consecutive day and broke the EMA(100) and the Fibonacci level 23.6 % hitting $20.66 per ounce. And by the formation of the Classic Bullish Divergence between the trend of the prices and the Stochastic trend, we expect a slight recover of the Silver toward the main targets stated in our daily Newsletters.

And to follow the rest of the technical analysis, to know when to enter the market, register now on our website
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And start receiving buy and sell signals, also taking profit levels.

Fundamental Analysis

Silver dropped sharply against the U.S. dollar due to profit-taking amid strong rebound of the U.S. stock markets, which increased the risk appetite among investors while dented the precious metals safe haven demand. Today the traders will focus on Janet Yellen testimony to see if there are any future changes in Fed monetary policy and when the first rate hikes will begin.

Technical Analysis

As we can see on the daily chart, the Silver prices declined significantly toward the Fibonacci level 61.8 % hitting $20.83 per ounce and represented a strong barrier. And as long as the prices will remain trading above the $20.80, we expect a slight recover of the prices toward the main targets stated in our daily Newsletters.

And to follow the rest of the technical analysis, to know when to enter the market, register now on our website
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Fundamental Analysis

The Silver retreated slightly against the U.S. dollar on Monday amid the rebound of the Asian stock markets, but the white metal remained trading near its highest level in four months, which has recorded on the last week due to the high demand for the precious metals as safe haven assets amid the escalating tensions in the Middle East as well as in Ukraine .

Technical Analysis

As we can see on the daily chart, the Silver retreated toward the middle line of the Bollinger Bands around $21.05 per ounce, and as long as the prices remain trading above the $20.98 level, it would represent good opportunities to enter buy positions on the intraday movement and take profits at the main levels stated in our daily Newsletters.

And to follow the rest of the technical analysis, to know when to enter the market, register now on our website
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Fundamental Analysis

The Japanese Yen rose significantly amid the sharp drop of the global stock markets and expectations and concerns about the decrease of the high growth rates which were affected by the significant rebound of the oil prices while the governments are trying to activate stimulus measures to support economic growth.
The recent events in Iraq, which affected negatively the Iraq's oil exports, which have pushed the crude oil prices higher.
Concerning the U.S. economy, the investors are waiting for the FOMC decision, the inflation data, the US house price index and the Fed manufacturing index.

Technical Analysis

As we can see on the H4 chart, the Dollar Yen broke through the Ascending Flag and the SMA (200), (100) and (300) to the downside.
The prices are now moving above the Fibonacci level 50% around 101.834 yen and we expect some recover of the prices toward the main targets stated in our daily Newsletters.
To know the expected scenario of the USD/JPY, and follow the rest of the technical analysis, and to know the next target of this pair and other currencies, register now on our website
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Fundamental Analysis

The Measures of inflation for the Canadian economy was better than expected as retail sales increased 1.3 % compared with the previous reading for the month of December. Also the consumer price index rose 0.7% on February compared to the previous reading, which showed an increase of 0.2%, and better than expectations that indicated to rise by 0.5 %
On the other hand, the U.S. dollar remained strong against a basket of other currencies. Also the Philadelphia index released on Thursday give another sign of improving US economy during the month of March. Also the unemployment rates fell to 320 thousand in March, compared to February reading which recorded 335 thousand, which indicates a marked improvement in the growth rate of U.S. employment .

Technical Analysis

As we can see on the H1 chart, the dollar loonie is trading within the Ichimoku Cloud and the prices have breached down the Fibonacci level 23.6%, and we expect further decline toward the Fibonacci level 38.2% around 1.1180.
To know the expected scenario of the USD/CAD, and follow the rest of the technical analysis, and to know the next target of this pair and other currencies, register now on our website
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Fundamental Analysis

The Japanese Yen dropped sharply during the previous sessions, which provoked high import costs, prompting a widening trade deficit, which reached 800.3 billion yen, and increased concerns and fears about the recovery of the Japanese economy.
On the other hand, the investors are waiting today for the BoE MPC meeting and the release of the UK jobless claims report, which is expected to record a decline of (-25.0k), a better than expected data will push the Sterling Pound to rebound.

Technical Analysis

The Pound Yen remains trading above the Fibonacci level 61.8% , which reflects the pair is in process of down trend corrections step of the general bullish trend.
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Fundamental Analysis

Concerning the British economy, we are waiting for the FOMC meeting for this month, also the announcement of the labor market data which is expected to keep the unemployment rate in the three months rate of 7.2 percent, means unchanged from the previous reading.
The investors and global market are holding the major event for this week which is the FOMC meeting regarding the U.S. federal monetary policy for the next time and whether to continue tapering the QE program , and the speech of the Fed president “Janet Yellen” .
The Federal reserve bank is widely expected to keep interest rates lowest level between 0.00 % and 0.25 % .

Technical Analysis

As we can see on the daily chart, the Pound Yen prices did not succeed to break through the Fibonacci level 38.2% to the downside, and bounced up toward the Fibonacci level 50 % . and this is what we have mentioned in our technical analysis of March 14th 2014, then we expect that the pair will continue its recover toward the following main targets.
To follow the rest of the technical analysis , and to know the next target of this pair and other currencies, register now on our website
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Fundamental Analysis

The single currency suffered from disappointing data released from France and Germany which has raised deflation concerns and growth risk in euro-zone.
In U.K Traders may turn today to existing home sales data for the month of January, which is expected to drop to 1% (YoY) less than the previous ready of 2.6%.
They need also to keep an eye on the G20 meeting of finance ministers and central bank chiefs, taking place this weekend in Sydney.

Technical Analysis

As we can see on the H4 chart, the Euro Pound is trading within a symmetrical triangle. And we expect that the prices will break through this triangle to upside toward the next expected targets that we will mention in our daily Newsletters.
To know the expected scenario of the EUR/GBP, and follow the rest of the technical analysis, and to know the next target of this pair and other currencies, register now on our website
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Technical Analysis

The USD/CHF has started the trading of this week with downtrend for two main reasons: First, as the foreign currency reserves of Swiss Franc was reduced from 434.4 billion Swiss francs to 432.2 billion in September, according to data released today by the Swiss National Bank. Secondly, as a result of failure to achieve any progress in resolving the crisis of the U.S. as US fiscal ceiling stalemate continued, and this has affected the confidence in the world's largest economy.