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AUD/USD had an uneventful week and posted modest gains. This week’s highlights are Retail Sales and the Cash Rate. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. There were no major Australian releases last week...
The New Zealand dollar was surprisingly resilient in the week after Brexit. Can it continue higher? The dairy report is the main event. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand’s trade balance came out better than expected with 358 million...
EUR/USD wobbled in the post-Brexit week, but basically did not go too far. More PMIs as well as the postponed ECB meeting minutes are eyed. Will EUR/USD choose a new direction? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD...
EURUSD: Having halted its weakness to close higher the past week, we look for more strength to occur in the new week. Support lies at the 1.1100 level. Further down, support comes in at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will target the 1.0950 level...
First, a review of last week’s forecast: – as to EUR/USD, those 20% of analysts, suggesting the gradual rise of the pair, alike the rise of USD/CHF after the ‘Black Thursday’ as of 01/15/2015, turned out to be right...
Some good economic news coming in from the US: the ISM Manufacturing PMI beat with 53.2 points, better than 51.3 expected. The manufacturing sector, which usually lags behind services, is bouncing back...
Markets continued to wobble in the post-Brexit week, with recoveries seen in many currencies. The first full week of July features the buildup to the US Non-Farm Payrolls, the Fed’s meeting minutes and key speeches among other events. These are the market movers on forex calendar...
The Australian election, held on Saturday, has still not been called, it is too close. Here are the facts: To form a majority government a party needs to win 76 seats Each of the major parties has won 67 seats so far 5 seats have been won by minor parties or independents so far...
97% GOLD WILL FALL NEXT WEEK Gold seem to be at an extreme overbought after last couple of weeks political events and I think it will end next week with a falling black weekly candle...
97% Silver WILL FALL NEXT WEEK After the break out of the Falling Wedge on the weekly graph silver kept moving in a strong rising trend. Last week it finished with a high tall candle which is 128% taller than ATR10...
97% NZDISD WILL FALL NEXT WEEK Old support around 0.7170 appear to be current resistance. Rounded Bottom chart pattern is clear on weekly graph. Five consecutive white weekly candles give a 97% chance that next week we may see a black one...
Chart:http://bi0l.blogspot.com/2016/07/eurusd-d1-monthly-analysis-2016-06.html Last month, the couple started with a mark of 1.1130 (Open) sharp growth factors on the fundamental nature and breakdown of key resistance levels 1...
The Australian national election polling booths have now closed 2 July PM Malcolm Turnbull and opposition Labour Party leader Bill Shorten both say they are confident of a victory but concede the result could be tight Malcolm Turnbull ,the leader of Australia's conservative Liberal Party-led Coal...
Another awful tragedy being reported by the BBC and others 2 July 2016 20 people, all of them foreigners, were killed during an attack on a cafe in Dhaka, Bangladesh, officials say...
So often, a good trading plan is ruined by sub-optimal execution. Sometimes we can identify great trends with strong underlying fundamentals, only to join the trend when it's about to end...
COSMOS4U published the new optimized AdMACD Indicator parameters for the 27th week of 2016. Click here to check the new parameters of EURUSD, USDJPY, XAUUSD, XAGUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD and USDZAR...
Jens Weidmann, head of Germany's central bank (the Bundesbank) says "The Brexit vote is no reason to loosen budget rules" Weidmann was speaking in an interview with 'Focus' magazine...
USDCHF: With the pair losing upside momentum to close on a rejection candle the past week. This has set the pair up for a move lower in the new week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0...
Brexit should make the global outlook gloomier and we adjust our FX views accordingly. We slash our GBP forecasts, lower our projections for the European G10 currencies, maintain our bearish view on G10 commodity block and keep an overall constructive view on USD...
S&P up 3.22% on the week. The US major indices are closing the week up nicely. The gains are the best for the year. Leading the way is the NASDAQ composite index had up 3.28%. The S&P index rose by 3.22% and the Dow industrial average was up by 3.15...
