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ECB board member out on the wires 1 July We can rule out further action next time round in theory. But hey, who trusts a central banker eh? too early for detailed view on Brexit re possible changes in ECB bond purchasing rules EURUSD steady around 1.1100 EURGBP 0.8348 EURJPY 113.92...
Market News
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Sherif Hasan, 1 July 2016, 11:50
Technical Analysis of NZD/USD for July 01, 2016 NZD/USD is expected to trade with a bullish bias. The pair is turning up and is expected to post further rebound. Meanwhile, a bullish cross has been identified between the 20-period and 50-period moving averages...
Technical Analysis of GBP/JPY for July 01, 2016 GBP/JPY is expected to trade with a bearish bias. The pair is currently challenging its key resistance at 138, while the relative strength index lacks upward momentum. As long as 138 holds as the key resistance, a drop toward 135 is possible...
Our good friends at Livesquawk reporting an article doing the rounds via Reuters 1 July "The European Central Bank is not currently considering buying government debt out of proportion to Eurozone countries' shareholding in the bank and the hurdle for abandoning this capital key is high, sources...
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Sherif Hasan, 1 July 2016, 10:45 #ECB
UK Markit mftg June PMI report 50.4 prev revised up from 50.1 GBP rallies on the better data but economy not mftg dependent so impact will be muted. Any good news though re UK may help to calm markets/help GBP right now. Markit say 99% of data collected prior to Brexit...
Market News
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Sherif Hasan, 1 July 2016, 10:44
DAX30 Faces Strong Resistance at 9860, Break Above Targets 9940/100084 Major resistance – 9860 (21 day MA) The index has broken high 9718 (High made after Brexit) and jumped till 9795. It is currently trading around 9668. DAX30 should close above 9860 for further bullishness...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 10:43
Technical Analysis of Gold for July 1, 2016 Gold has broken out of the triangle consolidation and is making higher highs and higher lows. The price is heading at least towards the $1,360 high with expectations of breaking it and reaching $1,400 by the end of next week...
Hello there, forex friends! If you haven’t been paying attention to Brexit-related events lately, then here are some of the more important things that you need to know about...
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Sherif Hasan, 1 July 2016, 10:35 #trading system
FxWirePro: CAD/JPY Struggles to Close Above 80, Good to Sell on Rallies Major resistance- 79.95 (55 4H EMA) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.19. Short term trend is bearish as long as resistance 80 holds...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 10:30 #CADJPY
Technical Analysis of EUR/USD for July 01, 2016 When the European market opens, some economic news will be released such as the Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI...
Technical Analysis of USD/JPY for July 01, 2016 In Asia, Japan will release the Consumer Confidence, BOJ Core CPI y/y, Final Manufacturing PMI, Tankan Non-Manufacturing Index, Tankan Manufacturing Index, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y...
Daily Analysis of Major Pairs for July 1, 2016 EUR/USD: This market is bearish – there is a Bearish Confirmation Pattern on the chart...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 10:13
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...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 10:05
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...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 10:02
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...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 09:54
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...
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Sherif Hasan, 1 July 2016, 09:06 #China
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...
Market News
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Sherif Hasan, 1 July 2016, 09:04
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...
Market News
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Jiming Huang, 1 July 2016, 08:34
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...
Market News
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Sherif Hasan, 1 July 2016, 08:12
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...
Market News
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Sherif Hasan, 1 July 2016, 07:21