Recent content by Elwis Wright

Even after upbeat Durable Goods Orders and Jobless numbers, the USD seems in no mood to go back to its strong days mainly as market players continue cashing-out ahead of tomorrow's US GDP and an informal speech by the Fed Chair.

Considering the yellow metal's recent plunge in two days, chances are higher that a break above 1230 can pull it back to $1245; however, market players await US GDP and Fed Chair's speech of Friday after today's Durable Goods and Jobless were upbeat. Any strong clues for June hike can drag the...

Even if the market went on a profit-booking mode during early hours of trading, mainly due to no important data-points, everything again started favoring the USD ahead of the Services PMI reading at the later part of the day. Moreover, the JPY which went in positive at the day start reversed to...

As Gold prices recently dropped below its ascending trend-line support, also encompassing the 50-day SMA, chances of its immediate drop to $1228-30 can't be denied. Should the metal extends the south-run below $1228, the $1215 and the $1208 are likely important support levels to watch...

I think the EUR should also stretch its downside as Flash PMIs remained pessimistic.

As per me, dearth of Discipline, lack of knowledge and the inability to cope with the human tendency of copying others and failure to keep calm are likely reasons for one’s failure.

Having witnessed the GBP's sharp recovery, mainly due to recent "Bremain" poll outcomes and upbeat economics, it seems that the British currency now has some room for profit-booking. However, dearth of major economics, except some Canadian details and US Existing Home Sales, the market is more...

As Japanese markets are shut for the second day of a three-day holiday, other than US ADP numbers, the Factory Orders would also gain market attention. Should these data-points signal improvement in US economics, chances of greenback's extended recovery rally can't be denied. However, the USDJPY...