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Colin First Articles

13 hours ago

Gold Continues Its Uptrend But For How Long?

Gold prices have been stubbornly moving higher and higher over the last few weeks, helped by the weakening of the dollar across the board and it has been the same story on Friday and today morning as well. We had expected a correction in the gold prices towards 1170 but the correction could not push … Continue reading Gold Continues Its Uptrend But For How Long?

14 hours ago

DAX Daily Fundamental Forecast – January 23, 2017

The DAX index continues to consolidate near its highs, something which it has been doing over the past week or so. The DAX continues to look strong and its uptrend seems to be intact for now as the corrections have been few and far between and they have been met with some quick buying as … Continue reading DAX Daily Fundamental Forecast – January 23, 2017

15 hours ago

USD/CAD Daily Fundamental Forecast – January 23, 2017

USDCAD has undergone a bit of a correction over the past couple of days as the dollar weakened across the board. But we believe that the CAD will weaken more than the dollar in the coming weeks and months and this is likely to keep the bulls happy and the uptrend strong in the medium … Continue reading USD/CAD Daily Fundamental Forecast – January 23, 2017

16 hours ago

GBP/USD Daily Fundamental Forecast – January 23, 2017

GBPUSD continued to trade strongly on the back of some dollar weakness and it looks set to gain more during the course of the day. The pound has continued to remain strong over the last week or so ever since it dropped just below 1.2000 on the basis of fears on how the Brexit process … Continue reading GBP/USD Daily Fundamental Forecast – January 23, 2017

16 hours ago

EUR/USD Daily Fundamental Forecast – January 23, 2017

EURUSD has gained over the last couple of days mainly on the back of the weakness in the dollar. The euro seems to have made full use of this weakness and has now burst through 1.0700 and continues to look good for more. There has been no specific reason for the weakness in the dollar. … Continue reading EUR/USD Daily Fundamental Forecast – January 23, 2017

2 days ago

DAX Fundamental Analysis – week of January 23, 2017

The DAX continued to consolidate and trade in a tight range for the most part of last week. We have been seeing over the past 3 weeks that the index continues to trade near the highs of its range. The corrections have been few and far between and any sort of correction has been quickly … Continue reading DAX Fundamental Analysis – week of January 23, 2017

2 days ago

USD/CAD Fundamental Analysis – week of January 23, 2017

The USDCAD pair has been moving exactly to script over the past few months. We have been repeatedly mentioning in our forecasts that the pair is in an uptrend and any correction in the pair should be viewed as only a correction in the uptrend and should be viewed as an opportunity to go long … Continue reading USD/CAD Fundamental Analysis – week of January 23, 2017

3 days ago

GBP/USD Fundamental Analysis – week of January 23, 2017

GBPUSD began last week on a very weak note ahead of the speech from the UK PM May that was scheduled during the course of the week. Last weekend, we had several rumours swirling around and the UK press went to town stating that the UK economy would be in for some tough times as … Continue reading GBP/USD Fundamental Analysis – week of January 23, 2017

3 days ago

EUR/USD Fundamental Analysis – week of January 23, 2017

It should be an interesting and volatile week ahead for the EURUSD as the Trump administration has taken charge in the US and as a first measure, sought to repeal Obamacare. It remains to be seen on what campaign promises they are going to follow through upon and whether any changes that are going to … Continue reading EUR/USD Fundamental Analysis – week of January 23, 2017

3 days ago

Commodities Consolidate as they Await Next Direction

Gold prices and other commodity prices continued to consolidate for the second day. After a strong uptrend during the early part of the year, gold price seem to have settled down and they are waiting for some impetus from some direction for it to make the next move in a specific direction. The prices are … Continue reading Commodities Consolidate as they Await Next Direction

4 days ago

DAX Daily Fundamental Forecast – January 20, 2017

The DAX index weakened yesterday as the stock markets around the world seemed to be in the grip of some unknown fear. Though there was no fundamentals or economic data to drive this move, the fall in the DAX was in line with the general moves of the major stock markets around the world. One … Continue reading DAX Daily Fundamental Forecast – January 20, 2017

4 days ago

USD/CAD Daily Fundamental Forecast – January 20, 2017

The USDCAD continued to trade strongly as the effects of the BOC economic policy continued to be felt in the CAD and the CAD continued to trade weakly all across the board as a result of this. The pair trades just above 1.3300 as of this writing and unless there is some drastic weakness in … Continue reading USD/CAD Daily Fundamental Forecast – January 20, 2017

4 days ago

GBP/USD Daily Fundamental Forecast – January 20, 2017

GBPUSD spent the day yesterday consolidating in the middle part of its range but with a bullish bias the strength of the dollar waxed and waned during the course of the day. There was not much economic data or events during the day which affected the pound or the dollar in any specific direction and … Continue reading GBP/USD Daily Fundamental Forecast – January 20, 2017

4 days ago

EUR/USD Daily Fundamental Forecast – January 20, 2017

EURUSD had an up and down day yesterday as it crashed below 1.0600 for a brief while but then clawed all the way back up towards the end of the day and continues to trade near the highs of its range as of this writing. The euro has shown some remarkable resilience since the start … Continue reading EUR/USD Daily Fundamental Forecast – January 20, 2017

4 days ago

Gold and Silver Begin Their Correction

Gold prices began their correction as we had mentioned in our forecast yesterday. The gold prices had been rising from 1160 and had been showing some good strength on the back of dollar weakness across the board. We had expected some serious resistance and correction in the 1200 region but the commodity had managed to … Continue reading Gold and Silver Begin Their Correction

Daily Economic Calendar
4 days ago

Global Economic Calendar – Its all about the ECB

The economic agenda for the day begins with the unemployment report from Australia which came in at a higher than expected value of 5.8% which shows that the economy continues to struggle amid the risks in China and the falling commodity prices. Then follows the big news of the day in the ECB press conference … Continue reading Global Economic Calendar – Its all about the ECB

5 days ago

DAX Daily Fundamental Forecast – January 19, 2017

The DAX took a cue from the global markets and began its next leg of the bull run that it is currently in. We saw a healthy correction in the trend last week when the index finally made a visit to fill the gap from the beginning of the year, near 11400 and after that, … Continue reading DAX Daily Fundamental Forecast – January 19, 2017

5 days ago

USD/CAD Daily Fundamental Forecast – January 19, 2017

We had mentioned in our forecast yesterday that is was likely to be a key day in the direction of this pair with the rate statement from the BOC and the following press conference scheduled later. We had also mentioned that the USDCAD pair was in an important support region and that it is likely … Continue reading USD/CAD Daily Fundamental Forecast – January 19, 2017

5 days ago

GBP/USD Daily Fundamental Forecast – January 19, 2017

We had mentioned in our forecasts yesterday that the pound is unlikely to sustain the gains that it made following the speech from the UK PM May, where she laid down guidelines for the Brexit process and made it transparent that the process is likely to be a hard one. We had mentioned that it … Continue reading GBP/USD Daily Fundamental Forecast – January 19, 2017

5 days ago

EUR/USD Daily Fundamental Forecast – January 19, 2017

Yesterday, we saw the dollar finally gain back some of its strength on the back of some good economic data and also due to some fundamental changes that occurred in the market during the course of the day. We had been expecting this return to strength of the US dollar and we always believed that … Continue reading EUR/USD Daily Fundamental Forecast – January 19, 2017

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