Colin First
Colin First
Colin First has been in the FX industry for the past 14 years, working in various capacities as a trader, fund manager, dealer and analyst. He specializes in developing trading strategies and analyze financial instruments both technically and fundamentally.

Recent Activities

  • Crude Oil daily chart, March 14, 2018

    Commodities Daily Forecast – August 17, 2018

    GoldThe gold prices initially rallied during the Thursday’s session but witnessed some amount of selling pressure on the top. Going forward, short-term bounces in the market will attract sellers into the market unless and until it breaks above the $1200 level. Strength in the USD and volatile forex market will

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  • S & P 500 daily chart, July 11, 2018

    Forex Daily Outlook – August 17, 2018

    EUR/USDThe Euro rallied slightly higher during the Thursday’s session reaching towards the 1.14 level but due to the presence of strong resistance above, the market rolled over a bit. The break above 1.14 level will be extremely difficult for the market and unless Turkey’s crisis settles down, the market will

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  • USD/CAD Daily Price Forecast – Both Sides of the Pair Wage War to Gain Control Ahead of Canadian CPI

    USD/CAD holds a narrow range going into the end of the week, but updates to Canada’s Consumer Price Index (CPI) may fuel the recent rebound in the exchange rate as the headline reading for inflation is expected to hold steady at 2.5% per annum in July. Signs of static price

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  • Gold Friday

    Precious Metals Range Bound As Investors Await Fresh Cues before Placing New Bets

    Gold managed to make small gains in Asian trade on Friday after declining to a 19-month low in the previous session, but the metal remained on track for its biggest weekly decline since mid-2017. Spot gold XAUUSD is trading at $1174.99 up 0.07% on the day after touching an intra-day

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  • Bitcoin Friday

    Bitcoin and Ethereum Price Forecast – BTC Prices Consolidate

    The BTC prices consolidated and ranged for much of the day yesterday, as was widely expected. The investment and the financial world is as yet divided on which way it wants to go as far as the crypto world is concerned and that confusion and uncertainty is best seen in

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  • DAX Index Price Forecast – German DAX Likely To Remain Range Bound Ahead of Eurozone CPI

    Germany equities were higher at the close on Thursday, as gains in the Software, Transportation & Logistics and Technology sectors propelled shares higher. At the close in Frankfurt, the DAX rose 0.61%, while the MDAX index gained 0.88%, and the TecDAX index gained 1.59%. Advancing stocks outnumbered falling ones by

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  • GBPUSD Friday

    GBP/USD Daily Price Forecast – GBP/USD Moves Range Bound Despite USD Sell-Off

    The GBPUSD pair on Thursday saw some amount of volatility in London market hours, however closed flat on Thursday. With Brexit woes plaguing UK’s market and talks of polls to cancel Brexit popping here and there in the country, sentiment surrounding British Pound has been negative in global market. While

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  • EUR/USD daily chart, August 17, 2018

    EUR/USD Daily Price Forecast – EUR/USD Continues Uptrend Movement as Risk Appetite Remains High

    The latest positive development in the US-China trade war proceedings eased global risk-aversion and prompted some US Dollar profit-taking on Thursday. Adding to this, worse than expected US economic data – housing starts and Philly Fed manufacturing index exerted some additional downward pressure on the greenback and helped the EUR/USD

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  • Technical Update For Gold, Silver & WTI Crude Oil: 12.01.2018

    Commodities Daily Forecast – August 16, 2018

    GoldThe gold prices broke down significantly during the Wednesday’s session as USD continues to strengthen. The Turkish situation is driving the overall forex and commodity market lower which is very negative for the market as it will restrict the bullish momentum. The $1140 level underneath continues to offer strong support

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  • S & P 500 daily chart, July 11, 2018

    Forex Daily Outlook – August 16, 2018

    EUR/USDEuro drifted further lower during the Wednesday’s session reaching down to the important 1.13 level. The market is likely to get a bounce from here but will not be a significant one as the negative sentiment still dominates the market. Going forward, selling on rallies will continue to be the

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  • USDCAD Thursday

    USD/CAD Daily Price Forecast – Loonie Gains Upper Hand As USD Lost Strength on News of Sino-U.S. Trade Realted Talks

    The USD/CAD fell back into 1.3115 ahead of Thursday’s London market session after hitting resistance at 1.3175 yesterday. Wednesday saw the USD/CAD mark in a new high for August, but the Dollar still remains under June and July’s peaks against the Loonie. As of writing this article, USDCAD pair is

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  • goldusd

    Gold Rebounds Post Hitting 19-Month Lows on Weak USD

    Gold pared heavy early losses that came in the midst of a broad commodity sell-off on Thursday, bouncing off of a 19-month low on short covering and a softer U.S. dollar following news that Beijing will hold trade talks with Washington this month. Spot gold XAUUSD was down 0.30% at

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  • DAX Thursday

    DAX Index Price Forecast – DAX to Open Positive on Increased Risk Appetite amid Mixed Global Cues

    Germany equities were lower at the close on Wednesday, as losses in the Technology, Pharmaceuticals & Healthcare and Chemicals sectors propelled shares lower. At the close in Frankfurt, the DAX lost 1.58% to hit a new 3-month low, while the MDAX index fell 1.47%, and the TecDAX index declined 2.42%.

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  • GBPUSD Thursday

    GBP/USD Daily Price Forecast – GBP/USD Aims For 1.276 Handle Ahead of UK Retail Sales Data

    The GBP/USD is trading near the 1.273 level ahead of Thursday’s London market session as fears of a no-deal Brexit continue to rise and inflation figures for the UK barely make it to expectations. The UK’s CPI reading yesterday came in at 2.5%, struggling to meet market expectations, while wages

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  • Bitcoin Thursday

    Bitcoin and Ethereum Price Forecast – BTC Prices Stable

    The BTC market is trying to form a base and move higher in a slow and steady manner over the past 24 hours. The first few signs of that were seen yesterday as the BTC prices made a run towards the $6600 region during this period, only to correct later

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  • EURUSD Thursday

    EUR/USD Daily Price Forecast – EUR/USD Rebounds Post Hitting 13-Month Lows on US-China Trade Talks

    Riskier assets and the EUR scored gains in Asian market hours due to the news that Chinese officials will be traveling to the United States for trade talks in late August. As of writing this article, the EURUSD pair is trading at 1.1384 up 0.33% on the day, after hitting

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  • USD/CAD Daily Price Forecast – USD/CAD Range Bound Ahead of US Retail Sales Data

    The USD/CAD pair caught some fresh bids on Wednesday and recovered a part of previous session’s steep fall to mid-1.3000’s horizontal support. A combination of supporting factors helped the pair this week’s sharp retracement slide from three-week tops, around the 1.3170 region touched on Monday, and regain positive traction. The

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  • Gold New Low

    Gold Hits New 2018 Low on Growing US Greenback’s Strength

    Gold prices fell to a more than 18-month low on Wednesday as the dollar hit an over 13-month peak on demand emerging from concerns about Turkey’s financial turmoil. The greenback, in which gold is priced, has been bolstered by a fall in the euro, which has been dogged by concerns

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  • DAX Index Price Forecast – DAX To Continue Range Bound Movement As Turkish Crisis Woes Grip European Market

    Germany equities were mixed at the close on Tuesday, as gains in the Utilities, Consumer & Cyclical and Chemicals sectors propelled shares higher while losses in the Media, Retail and Basic Resources sectors led shares lower. At the close in Frankfurt, the DAX rose 0.04%, while the MDAX index declined

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  • GBPUSD Wednesday

    GBP/USD Daily Price Forecast – GBP/USD Tests 1.269 Handle Ahead of UK CPI Data

    Asia experienced a major turnaround in risk sentiment after the Turkish Lira and Chinese Yuan resumed its recent declines, triggered a wave of risk-aversion across the financial markets. The US dollar regained poise versus its main rivals and reached the highest levels since June 2017 just under the 97 handle.

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