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GBPUSD: GBP looks to recover higher following its rejection candle print on Friday. This development leaves the immediate risk higher with its lower level charts (see 4 hourly chart) turning higher. On the downside, support lies at the 1.5450 level where a break if seen will aim at the 1...
The latest survey result is 51.6 vs 51.0 prev. It was the first climb in three months. At the same time, the outlook index dropped for the second straight month in July by 1.6 percent to 51.9 from 53.5 in the preceding month. In May, the score came in at 54.5. And to remind: above 50...
Center of the day: "USD: Keeping September on the Table. Bullish. We stick to our bullish USD view. Late remarks from Fed Governor Lockhart propose that September is still all that much in play, and as businesses bring the timing of the first climb forward, this ought to bolster USD...
Gold is traded not far above a five-and-a-half-year low on Monday with firm dollar after solid US job data suggesting that Federal Reserve could raise interest rates next month. Spot gold was unchanged at $1,092.86 by 02:20 GMT recovering from low of $1,089.40...
W1 price is on primary bearish with secondary bear market rally with good possibility to reversal. The price was on bearish ranging market condition and the secondary market rally just started last week only. The price is located between 0.9361 support and 0.9879 resistance levels...
Chinese data The People's Bank of China will provide more stimulus to the economy by cutting the 1-year lending rate by at least 25bps. The Bank already cut 3 times taking interest rates from 5.60% to 4.85...
On any business there is always a target goals. What it's mean? Let's figure it out. When you have $10 capital, how much is your ideal target for gaining profit? Look now for bank interest. How much most biggest bank interest in the world? Let say it is 10% a month (very rare for bank interest...
Majors, USD JPY Forecast, Weekly Forex Forecasts USD/JPY pushed above the 125 line for the first time since June, but then retracted and was unchanged at the end of the week. This week has six events...
Here’s the market outlook for this week: EURUSD Dominant bias: Bearish EURUSD is now a volatile pair - characterized by serious struggles between bulls and bears in the context of a downtrend. The support line at 1.0850 was tested last week, but could not be broken...
GBP USD Forecast, Majors, Minors, Weekly Forex Forecasts GBP/USD reversed directions last week, as the pair dropped about 170 points. The pair closed the week at 1.5615. This week’s highlights are the Average Earnings Index and Claimant Count Change...
This week’s most awaited reports include U.S. JOLTS, Germany’s GDP for Q2, U.S. PPI, U.S. retail sales, Canada’s manufacturing sales, U.S. consumer sentiment, Germany’s ZEW economic sentiment, China’s industrial production, OPEC and IEA reports, and GB claimant...
FOMC 9:00 to 10:00 A bunch of financial information in the impending week will reveal insight into the economy's quality as it entered the second from last quarter. The enormous report will be retail deals, offering a checkup of customers, who have been restless generally...
Current trend On Friday, the AUD managed to strengthen against the USD and reached the local high near the level of 0.7428. The reason for a rising dynamics was poor data on the NFPR from the US and the RBA statement...
Daily price is on bearish condition for ranging between the following s/r levels: 1.0847 support level located below Ichimoku cloud and far below Senkou Span A line on the bearish area of the chart, and 1...
The dollar index is up about 0.1 percent after rising as high as 98.334 on Friday, and its highest since April 23 after U.S. nonfarm payrolls rose 215,000. Marc Chandler (global head of currency strategy at Brown Brothers Harriman) told 125 was a near-term top as the U.S...
GOLD Expect gold price to retrace from 1113.0 to 1091.5 and then continue towards 1142 by this weekend. I still have the stop loss at previous month's low. EUR/USD Expect gold price to retrace from 1.113 to 1.0915 and then continue towards 1.142 by this weekend...
Weekly price for Financial Times Stock Exchange Index (FTSE 100) is on bullish market condition for ranging between 7072 resistance level located above Ichimoku cloud in bullish area of the chart, and 6371 support level located below Ichimoku area in bearish zone...
