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Economic trading data due today Morning all. Another day, another collapse in Her Majesty's pound note. It's getting to the point where it's not worth the paper it's written on. My kids are even turning their nose up at it when I give them their pocket money...
Market News
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Sherif Hasan, 6 July 2016, 08:30
I thought this might have been a euphemism for GBP selling But, no. It really is flood gates...
Market News
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Sherif Hasan, 6 July 2016, 08:29
GBP has continued its slide, but a bit of a bounce from the brief sub-1.2800 low its seen USD/JPY is down big time today also AUD, NZD, EUR all lower against the USD...
Market News
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Sherif Hasan, 6 July 2016, 08:27
If you scan this Goldman Sachs price you'll see 'doomsday' & 'free-fall', but on a more careful reading you'll also see .... errr ... 'doomsday' & 'free-fall'. Enjoy...
Analytics & Forecasts
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Sherif Hasan, 6 July 2016, 08:23
Hello traders, This image has thousands of words to explain :) A2SR line level that near with trendline is stronger SR, and also able to be used as confirming breakout or breakdown. Follow your trading style through the support and resistance levels of A2SR...
Forecasts
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Yohana Parmi, 6 July 2016, 08:01
Talking Points: USD/JPY Technical Strategy: The Trend Is Clearly Lower 200-Week Moving Average Remains The Line In The Sand (106.42) The Rudder Is Set And Volatility Favors JPY Strength Remember the “Tipping Point” in JPY...
Analytics & Forecasts
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Mirza Baig, 6 July 2016, 05:44
Talking Points: EUR/JPY Technical Strategy: Still in the aftermath of a momentous drop in prices on the back of Brexit...
Analytics & Forecasts
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Mirza Baig, 6 July 2016, 05:41
Talking Points: GBP/USD Technical Strategy: Fresh lows in the pair driven by anticipated dovish tilt from the Bank of England. GBP/USD is trading at +30-year lows; be careful of chasing so near a major psychological level at 1.3000...
Analytics & Forecasts
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Mirza Baig, 6 July 2016, 05:33
USD/CAD eyes range highs into the July open Updated targets & invalidation levels Broader Technical Outlook: Loonie remained range-bound for the better part of June trade with the pair continuing to hold within the confines of an ascending channel formation off the 2016 low...
Analytics & Forecasts
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Mirza Baig, 6 July 2016, 03:06
This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources...
Analytics & Forecasts
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Mirza Baig, 6 July 2016, 03:04
Talking Points: USD/CAD Technical Strategy: On Watch For Breakout > 1.33030 To Carry Toward 1.33+ Trader Sentiment Warns a Coiled Move Lower Could Be Around the Corner Canadian Dollar Underperforming Post-Brexit Relative To Commodity Peers Quick Fundamental Take...
Analytics & Forecasts
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Mirza Baig, 6 July 2016, 03:03
Talking Points Gold, USDOLLAR at risk heading into FOMC minutes Updated targets & invalidation levels Compete to Win Cash Prizes with FXCM’s Forex Trading Contest Tomorrow is the release of the minutes from the latest FOMC policy meeting and although we’ve already seen Chair Yellen’s presser...
Analytics & Forecasts
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Mirza Baig, 6 July 2016, 03:01
GOLD: The commodity continues to target more recovery leaving risk towards the 1,365.00 zone. On the downside, support comes in at the 1,350.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open the door for a move lower towards the 1,330...
Analytics & Forecasts
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FXTechstrategy, 6 July 2016, 02:47 #gold
The turmoil generated by the June 23 UK Brexit vote has prompted analysts to adjust their yuan calls going forward to reflect renewed weakness against the dollar, with the new 2016 forecast for the high range from CNY6.7500 to CNY7.000. USDCNY closed at CNY6.6860 Tuesday, after trading in a CNY6...
Analytics & Forecasts
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Vasilii Apostolidi, 5 July 2016, 23:29
Back below 200 hour MA Adam just posted on the weakness in the price of oil . The USDCAD followed that retreat with a move higher today. That rally has seen the price of USDCAD retrace to the 50% of the move down from the June 28 - post Brexit - high. That level comes in at 1...
Trading Systems
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Sherif Hasan, 5 July 2016, 20:32
Since Brexit, gold, silver, and related currencies (comdolls) such as AUD, have been on the rise, due to gold’s status as a safe-haven commodity. Since a few days back however, things have started to change, and big sell orders have started hitting those markets...
Analytics & Forecasts
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Leonardo Barata, 5 July 2016, 19:47
Voting in the first round of Conservative leadership contest ends at the top of the hour The candidate with the least amount of support will be removed from the ticket after the votes are counted. It should take less than an hour from the time voting closes...
Market News
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Sherif Hasan, 5 July 2016, 19:37
Congestion area broken and traders exit in a hurry The congestion in the EURUSD at the 1.1113-20 level worked for a bounce to 1.1134, but then the support gave way and traders exited/sold into to break (get me OUT) The fall has now taken the price to - and through the 1...
Trading Systems
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Sherif Hasan, 5 July 2016, 19:34
Tests the September 1985 low. The GBPUSD has moved to new session lows and continues the fall to new multi decade lows. The pair is currently testing the September 1985 swing low at the 1.3045 level (the low comes in at 1.30413...
Trading Systems
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Sherif Hasan, 5 July 2016, 19:31
Lots of technical congestion ahead Like a major artery where different roads come together, the EURUSD has one such area being approached. The 100 and 200 hour MAs at 1.1113-20 and the low for the day at 1.1119 come together. Just north of that intersection is a trend line connecting lows (at 1...
Trading Systems
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Sherif Hasan, 5 July 2016, 19:27