AUD/USD made another attempt to consolidate above the 0.7200 level but was rejected from the 21-day SMA and fell all the way back to 0.7150, giving up most of its post RBA gains. The RBA refrain from cutting rates on Tuesday, giving the Aussie a boost across the board...
The Institute of Supply Management’s (ISM) non-manufacturing/services PMI index jumped to 59.1 in October from September’s 56.9. The actual print beats the estimated drop to 56.5 by a wide margin. The ISM’s measure of services employment advanced to 59.2, the second-highest since August 2005...
The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector...
It is well known that the economic recovery in the U.S. has been consistently weak leading the Fed to repeatedly push back the timeframe for raising rates. The U.S...
In the view of BofA Merrill Lynch Global Research, the bearish tone is set to remain around the Brazilian currency. Key Quotes “Disappointing growth will likely lead to an easier Brazilian Central Bank and the market is now pricing in 185bp of hikes by the end of 2016”...
The EUR/GBP pair hit a fresh session low of 0.7070 as the British Pound remained relatively resilient to the broad based USD rally...
The shared currency is now falling further, dragging EUR/USD to test fresh 3-month lows in the 1.0880 area. EUR/USD around 1.0880 ahead of US data The pair has rapidly intensified its weekly decline, losing more than six big-figures since October tops in the 1.1500 neighbourhood...
Skandinaviska Enskilda Banken made some technical analysis for EUR/GBP estimated the bearish market condition to be continuing with below 0.71 figure. The price is on bearish market condition located below 100 period SMA and 200 period SMA. Price is ranging within Fibo resistance level at 0...
Our #order to buy from 1.5346 in #GPBUSD is still relevant, although it may be closed soon. Thus, the current price value is close to the red Alligator's line, and if there will be a closure below, we will fix #profit. Find out more by checking out the Source Link...
We are still out of the #market in #USDJPY, but actual #fractals are now much closer to the #price that definitely gives us better than earlier points of entry. Today's U.S. data ,can lead to significant price fluctuations. Find out more by checking out the Source Link...
EURJPY: The cross saw a decline on Tuesday and was seen following through lower during Wednesday trading session today. This leaves more risk lower while it trades below its key resistance zone at the 133.14/43. Support comes in at the 132.00 level where a break will aim at the 131.50 level...
#Oil holds positions after yesterday's growth caused with excitement about Brazil and Libya. Also #quotes got support from today's statistics from China, according to which the index of business activity in the service sector has increased to 52.0. Find out more by checking out the Source Link...
Trading recommendations and Technical Analysis – HERE! In Asia, the pair USD / JPY is mostly in a narrow range with a slight upward trend. The trading week began to increase in dollar pairs...
After October proved the best month for markets in four years, Callum Thomas, an investment strategist at AMP Capital, tweeted this chart to point at non-believers, just to highlight the importance to focus on signals rather than talks...
The pair Trend is Bearish on both Monthly and Weekly time frame. Actual price is ranging around FIBO 61.8 Level on both time frames. On Monthly time frame price bounced on the 200 LMA. Suggestion to stay neutral. A breakdown of the 200 LMA at 85...
Nomura made a forecast for NFP which will be issued this Friday expecting actual data to be 155K compare with 142K past data...
#Quotes of #EURUSD have rebounded from a resistance line of a current short-term trend, thus confirming it. #Trend #indicators confirm the downward trend. It is recommended to hold short positions. Find out more by checking out the Source Link...
Fluctuations in the #gold #market show panic in ranks of #investors, who are running in favor of the #stocks and U.S. #bonds. Amid this, #quotes have reached an important support line. #Trend #indicators formally confirm a downward trend. Find out more by checking out the Source Link...
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