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Daily Analysis of Major Pairs for July 1, 2016 EUR/USD: This market is bearish – there is a Bearish Confirmation Pattern on the chart...
Daily Analysis of USDX for July 01, 2016 On the H1 chart, the USDX is trying to extend the rally above the 200 SMA, but the support level could be challenged within the next few hours, as the US NFP is coming. A breakout above the 96.60 level will open the doors to test the 97...
Daily Analysis of GBP/USD for July 01, 2016 GBP/USD had a decline during yesterday's session after BoE's Mark Carney announced that a rate cut is coming this summer. That would put the Cable into a bearish scenario for the next weeks, and it could break the support zone around the 1...
FxWirePro: USD/CNY Hovers Around 6.65 Mark, PBOC Sets Yuan Midpoint at 6.6496 Per Dollar USD/CNY is currently trading around 6.6510 marks. It made intraday high at 6.6519 and low at 6.6453 levels. Intraday bias remains bullish till the time pair holds key support at 6.6330/6.6110 levels...
Bloomberg with the headline 1 July 2016 Peoples Bank of China have emailed Bloomberg to say their report of intervention yesterday was untrue Yesterday the PBOC were also somewhat scathing about the media generally and in the wake of talk of them wanting USDCNH up to 6.80 by year end...
Australia June commodity index report 1 July 2016 prev revised up from -10.0% commodity index AUD 89.7 VS 91.1 prev revised up from 90.3 Commodity Prices measures the change in the selling price of exported commodities. The commodity sector accounts for over half of Australia's export income...
Banks have already begun to take action to shift operations out of the UK, with the governor of France’s central bank warning on Saturday that Britain’s financial services groups were at risk of losing their right to operate across the EU...
The soggy pound is on the back foot again in early trading 1 July Carney's cut/easing comments are still reverberating but given the fact that he and others on the MPC have highlighted the downside risk/ potential need for potential cuts/easing over the past year, albeit saying next moves were ex...
BOJ May core CPI ex- energy, fresh foods 1 July 2016 +0.9% prev The Bank of Japan's own calculation.Measures the change in the price of goods and services purchased by consumers, excluding food and energy. The BOJ usually pays more attention to the core inflation data...
Your economic data/event calendar for today 1 July 2016 Greetings everyone and welcome to a new month. We've had a lively 24 hours as anticipated, with the pound rightly soggy still, and now we must look ahead and wade our way through the ever increasing mess...
BoE Monetary Policy Guidance: Summer Rate Cuts Coming - RBS Research Team at RBS, notes that the Bank Of England Governor, Mark Carney, has given a clear indication that the BoE will cut policy rates over the next few months and is primed to sanction additional easing measures: ‘The economic outl...
Asian Stocks headed for Weekly Rise, Higher Oil Underpins The Asian equities trade on a firmer note this Friday, having reversed almost half the post-Brexit slump, and now remain poised to book weekly gain as markets continue to speculate fresh stimulus measures from the global central banks to c...
Gold Builds on Overnight Gains, Spikes to $ 1330 Gold extended its three-day winning streak and spiked higher over the last hour, heading for its fifth straight weekly gains, as the greenback turned negative across the board amid risk-on market profile. Gold holds above 5-DMA support at $ 1320...
FxWirePro: AUD/NZD Falls Below 1.0450 Mark, Faces Key Support at 1.0416 AUD/NZD is trading around 1.0432 marks. Pair made intraday high at 1.0454 and low at 1.0422 marks. Short term bias remains highly neutral till the time pair holds key support at 1.0416 marks...
FxWirePro: NZD/USD Intraday Bias Higher, Good to Go Long on Dips According to an ANZ survey yesterday, New Zealand business confidence soared to a six-month high in June. The ANZ composite growth indicator that combines consumer as well as business confidence is giving a solid mandate for growth...
FxWirePro: EUR/JPY Edges Lower from Session Highs at 114.74, Intarday Bias Neutral EUR/JPY has edged lower from session highs at 114.74, but is holding above 5-DMA at 113.87. Poor Chinese data and deteriorating investors’ sentiment likely to keep demand for the Yen intact...
FxWirePro: USD/SGD Hovers Around Key Support at 1.3451 Mark, Bias Remains Neutral USD/SGD is currently trading around 1.3460 marks. It made intraday high at 1.3482 and low at 1.3443 levels. Intraday bias remains neutral till the time pair holds key support at 1.3451 levels. A daily close below 1...
FxWirePro: Silver Up by 1.6 Pct at $18.98, Marks Fresh High Since September 2014 XAG/USD is currently trading around $18.95 marks. It made intraday high at $18.98 and low at $18.68 levels. Intraday bias remains bullish till the time pair holds immediate support at $18.45 marks...
EURUSD Daily Forecast: July 01 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.1024 but whipsawed to the upside and closed higher at 1.1106. The bias is neutral in nearest term. As long as stay below 1.1200 my overall technical bias remains bearish targeting 1.0700...
