Current trend The Pound continues growing amid the weakening USD, which is under pressure after the market intervention by the People’s Bank of China aimed at the Yuan devaluation. The GBP/USD pair grows despite poor labor market statistics from the UK. Average Earnings in June grew by only 2...
The #dollar is rising vs. main competitors in #Forex as #PBOC says there is no basis for further #yuan #devaluation. The #market is waiting for #US releases to come up with direction of #trading. Find out more by checking out the Source Link...
Many news headlines said that move to devalue the Chinese yuan was a ‘surprise’, but one analyst said he was expecting it, and there will be more surprises in future. Gerald Celente, publisher of the Trends Journal, said he was completely unfazed by the China news...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, August 13th In Japan, data showed a higher increase in core machinery orders than expected in June...
W1 price is located above 200-SMA and 100-SMA for the primary bullish with secondary ranging between Fibo resistance level at 125.85 and 23.6% Fibo support level at 119.93: The price is ranging between ranging Fibo resistance level at 125.85 and 23.6% Fibo support level at 119.93...
On Thursday #Yuan eases up, bringing peace to all financial #markets. Yesterday #Oil received a reason to rise from reached lows after the EIA data has shown decline in crude oil #inventories in the #USA. Read the full Asian session review at Find out more by checking out the Source Link...
On Thursday the most important data will be released during the #US #trading session: retail #sales and #unemployment claims in the United States. Fresh statistics may influence on #market expectations regarding the Fed's rate hike. Discover more by checking out the Source Link...
This is the other interesting pair you can make money with, together with GBP/AUD, AUD/CAD and NZD/USD. W1 price is on primary bullish with ranging between the levels: 1.5329 resistance level located far above Ichimoku cloud in the primary bullish area of the chart, and 1...
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EUR/USD Breaks Out-Targets to Watch Ahead of Greek Vote, 2Q GDP Arguments: - EUR/USD Risks Larger Relief Bounce Ahead of Greek Vote, 2Q GDP Report. - USD/CAD Fails to Preserve Bullish Momentum-Former Resistance Zones in Focus. - USDOLLAR Threatens Range Support-Retail Sales to Rebound in July...
New York Fed President Dudley Expresses Concerns on China, Labor Market Ideas: William Dudley says Chinese FX intercession to have "worldwide ramifications for the world economy" Dudley keeps up conviction Fed will raise transient interest rates sooner rather than later Nourished President says n...
AUD/USD Technical Analysis: 3-Month Trend Line Broken. Arguments: AUD/USD Technical Strategy: Flat Support: 0.7379, 0.7323, 0.7259 Resistance:0.7468, 0.7541, 0.7614...
USD/CAD: bullish with ranging started. The pair is on bullish market condition with the ranging to be started this week. The price is moved within the following key levels: 1...
When it come to finding proper support and resistance levels I found many years ago that Three Line Break is on of the best charts that could help me. The first chart here is the Dow Jones chart. as we can see there the price line is testing now its previous support level around 17200...
I had mentioned in my previous post that the eurusd price would reach 1.14. I expected that the price might retrace from that level to 1.11. But looking at the key fibo numbers, ZZ and chart patterns, i believe that the price could reach 1.170 by this weekend. Any retracement to 1...
I had mentioned in my previous post that the gold price would reach 1142. I expected that the price might retrace from that level to 1117. But looking at the key fibo numbers, ZZ and chart patterns, i believe that the price could reach 1170 by this weekend...
Weekly price is on bearish market condition located below of 100-period SMA (100-SMA) and below 200-period SMA (200-SMA) for ranging within key levels: the price is ranging between 0.8541 resistance and 0.7233 support levels; ascending triangle pattern is fomed with 0...
Credit Agricole estimated G10 currency performance concerning post CNY devaluation movement, and they found that EUR is the best performer: "It appears that the latest development decreased expectations of the Fed considering higher rates as soon as in September...
USDCHF: With USDCHF turning lower on a strong sell-off on Wednesday, it now faces further corrective weakness in the days ahead. On the downside, support comes in at the 0.9700 level. A turn below here will open the door for more weakness to occur towards the 0.9650 level and then the 0...
