Daily Market Update 29th July 2016
BOJ eases policy with modest increase in ETF buying
BOJ eases policy with modest increase in ETF buying
Scott Martin breaks down the long-term and short-term performance of two futures contracts.
Steve O'Hare of FIrst 4 Trading says that 2016 has been the year for gold.
However, gold has recently moved lower, and depending if you are a bull or a bear O'Hare thinks that there are different trades to be placed.
If you are bullish, O'Hare is looking to buy at $1,310/oz with a target of $1,350 and a stop at $1,295.
If you are bearish, O'Hare is looking to sell at $1,300/oz with a target at $1,260 and a stop at $1,315.
Fed seen holding rates steady as inflation watch continues
James Kim, sales trader at Saxo Capital Markets Australia, examines trading strategies for the week in a technical analysis of forex and equity charts.
Kim looks at trends in the US dollar index, and looks at pairs such as EURUSD, GBPUSD, AUDUSD and USDJPY. He also comments on the Nikkei 225, E-Mini S&P 500, oil, copper and gold.