EUR/USD – BEARISH BIAS – (1.0900-1.1300) With global equity markets now above levels that immediately preceded the UK Brexit vote there is a much greater chance that financial market focus will shift back to incoming economic data to gauge the next actions to be taken by key central banks...
Talking Points The USD/JPY Traders Higher, but Fails to Break Critical Resistance Intraday Support for the USD/JPY Resides at 105.25 If you are looking for more trading ideas for the US Dollar, check out our Trading Guides The USD/JPY is now declining off of its high of the day at 105.93...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, July 15th GBP/USD Current price: 1.3406 (0.5...
-The last USD/JPY update noted that “even a ‘bounce’ could approach 105. Nothing on the long side is worth a shot until/unless the rate stabilizes above 102.20 (Brexit day close). 105...
Talking Points: - USD/CNH failed to hold above 6.7000 after a one day close higher - Pair finding possible short term support at around 6.6860 - A move lower could see potential support at 6.6500 Find REAL TIME traders positioning with DailyFX’s SSI Indicator Here...
Talking Points: - ASX 200 moves above the 5,380-5400 long term range top resistance - Push higher marks new 2016 highs - Index may need to see a “higher low” formed above 5,380-5,400 to signal a clear shift in trend If you’re looking for trading ideas, check out our Trading Guides Here...
Talking Points USDCHF pullback looks to US data for support Updated targets & invalidation levels USDCHF 60min Technical Outlook: USDCHF failed to hold above a key r Fibonacci resistance confluence earlier this week with a break below the weekly open shifting the immediate focus lower...
Talking Points: Crude Oil Technical Strategy: Favoring Downside < $45/bbl Intermarket Analysis Shows US Dollar Within A Whisper Of A Breakout Sentimental Trading System Shows The Trend May Be Reversing The price of WTI Crude Oil (CFD: USOil) traded at its lowest levels in two months this week...
Talking Points: Earnings and BoE promise to support the UK's markets contributed to another bull leg to record highs for SPX USDollar has held to tight congestion for 14 straight trading days, will CPI or Fed chatter force a break...
Talking Points JPMorgan beats top and bottom line estimates in second quarter earnings report The outlook for the banking sector’s earnings has significantly improved with the first release Fears of ongoing Brexit fallout for banks has cooled, adding to risk appetite Having trouble trading the US...
Talking Points The Australian Dollar rallied against its major peers Chinese 2Q GDP crossed the wires above estimates 2 year yields rallying suggests ebbing RBA rate cut bets Having trouble trading the Australian Dollar? This may be why...
Oli Hille and J. Welles Wilder Photo courtesy of Mrs Dawn Wilder Introduction It is not often you find a legend living in your back yard. Especially if you live in a small town by the sea on the East Coast of New Zealand...
USDJPY: Having the pair continued to hold on to its upside pressure, further bullishness is likely. On the downside, support comes in at the 105.00 level where a break if seen will aim at the 104.50 level. A cut through here will turn focus to the 104.00 level and possibly lower towards the 103...
USD/JPY – NEUTRAL BIAS – (104.00-107.00) Market expectations of added monetary easing and fiscal stimulus have been building, with hopes of a mixture of monetary and fiscal policy management in the form of helicopter money...
GOLD: The commodity reversed its Wednesday gain to weaken on Thursday leaving risk of more lower towards the 1,312.00 zone on the cards. On the downside, support comes in at the 1,312.00 level where a break will turn attention to the 1,300.00 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, July 14th GBP/USD Current price: 1,3235 (0.7...
TRADING RECOMMENDATIONS The interest rate in New Zealand is one of the highest among advanced economies, and now stands at 2.25%. Since June last year, the RBNZ cut rates repeatedly with the then level of 3.5% to the current 2.25...
Although the United Kingdom is a member of the European Union, it has not yet adopted the Euro as its currency, so it is not part of the European Monetary Union...
Hello traders, As we know UK on Brexit and today on special event for Interest Rate Decision is able to increase risk of fx trades. This is why a trading plan should be made first before we entering the markets. Today, GBPUSD can go anywhere. First strike will upward or downward...
GBPUSD: The pair capped its gains to close lower on Wednesday leaving risk lower. On the downside, support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1...
