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Technical Analysis of USD/CAD for June 30, 2016 General overview for 30/06/2016: The sub-wave c of the corrective cycle in wave (ii) looks completed, and the whole correction looks like an irregular flat pattern. This is why the uptrend might be now resumed and a new higher high can be made...
Let’s step back from all this Brexit hubbub and constant focus on the pound, shall we? Having said that, the Reserve Bank of New Zealand (RBNZ) released its annual Statement of Intent (SOI) earlier. Great, but what is it and what does it have to do with the forex market, you ask...
Statistics
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Sherif Hasan, 30 June 2016, 09:51
Daily Analysis of USDX for June 30, 2016 USDX is looking to extend the decline towards the support level of 95.20, where the 200 SMA is located; a zone where a rebound can happen to resume the bullish bias on a short-term basis. The index will try to break the resistance level of 95...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 09:47
Can you believe it’s almost July?! With almost half of the year behind us, it’s time to look back on the trading goals that you made at the beginning of the year and see if you need to make changes to your goals, trading processes, or strategies. Here are some tips to get you started! 1...
Trading Strategies
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Sherif Hasan, 30 June 2016, 09:45
Daily Analysis of GBP/USD for June 30, 2016 The Cable has been doing consolidation moves during the week, and now we can see a breakout above the 1.3380 level, which should expose the resistance zone of 1.3653, where a pullback can happen to resume the bearish bias...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 09:43
Phew! It looks like forex brokers can breathe easy now that the EU referendum has come and gone. The Brexit decision did wreak some havoc across the charts but industry players are looking unshaken so far...
Statistics
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Sherif Hasan, 30 June 2016, 09:38
EURUSD Daily Forecast: June 30 2016 EURUSD Forecast The EURUSD had a bullish momentum yesterday topped at 1.1130. The bias is bullish in nearest term testing 1.1200 which is a good place to sell with a tight stop loss targeting 1.0700. Immediate support is seen around 1.1070...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 08:56
GBPUSD Daily Forecast: June 30 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.3533 but closed lower at 1.3422. The bias remains neutral in nearest term but as long as stay below 1...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 08:51
USDJPY Daily Forecast: June 30 2016 USDJPY Forecast The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. As long as stay below 103.55 I still prefer a bearish scenario at this phase. Immediate support is seen around 102.50...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 08:49
USDCHF Daily Forecast: June 30 2016 USDCHF Forecast The USDCHF failed to continue its bullish momentum yesterday and now still struggling around 0.9800. The bias is neutral in nearest term. Immediate support is seen around 0.9760...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 08:46 #usdchf
Germany May retail sales report 30 June 2016 -0.3% prev revised up from -0.9% yy +2.6% vs +2.5% exp vs +2.7% prev revised up from +2.3% prev Stronger retails welcome news for the German domestic economy. EURUSD 1.1090 EURGBP 0.8286 EURJPY 113.82...
Market News
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Sherif Hasan, 30 June 2016, 08:18
Despite the Brexit result it's still business as usual as far as UK payments to the EU are concerned 30 June The German Bundesbank buys euros each month-end, in excess of €2bln, to cover the UK's EU membership fee...
Market News
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Sherif Hasan, 30 June 2016, 08:17
The results of a Reuters poll of 8 Chinese fund managers 30 June recommend cash holdings to be reduced to 16.9% vs 20.6% last month suggest raising equity exposure for next 3 months to 76.9% vs 71...
Market News
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Sherif Hasan, 30 June 2016, 07:26
Japan May housing report 30 June 2016 +9.0% prev annualised starts +1.017m vs +0.973m exp vs +0.995m prev Slightly delayed but now out. Not a price changer in its own right. USDJPY 102.64 .Expect bids/demand into 102.50 after its retreat from 103.00...
Market News
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Sherif Hasan, 30 June 2016, 07:22
BOE governor Mark Carney delivers a post-Brexit market update today 30 June Carney is set to outline his thinking on how Britain's economy is coping with last week's vote to leave the EU, his second response since the Brexit result. BoE says Carney will deliver a speech at 15...
Banks
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Sherif Hasan, 30 June 2016, 07:10
Your Economic Data/Event Calendar for today in Europe 30 June 2016 Greetings and welcome to month-end. And that's means month-end flows ( don't forget the usual EURGBP demand for the UK's EU membership fees. Yes we've still got to pay those for a while yet!). Also keep an eye on the 15...
Trading Systems
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Sherif Hasan, 30 June 2016, 06:53
Reuters with the news from Fitch ratings: Brexit has no direct APAC sovereigns, bank ratings impact UK's vote to leave European Union has no immediate direct ratings impact on Asia-Pacific sovereigns or banks Spike in political uncertainty in UK - and resulting effects on investor risk appetite...
Market News
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Sherif Hasan, 30 June 2016, 06:51
Fitch with a dour assessment on China Overcapacity weighs on china bank operating environment Over-capacity and over-leverage remain significant challenges for Chinese steel industry Expects steel sector to continue relying on commercial paper refinancing High levels of indebtedness in industrial...
Market News
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Sherif Hasan, 30 June 2016, 06:50 #China
Aussie data Job vacancies for May, -1.9% m/m prior 2.7% Private Sector Credit for May, +0.4% m/m expected 0.5%, prior 0.5...
Market News
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Sherif Hasan, 30 June 2016, 06:48
ANZ data for June Activity Outlook 35.1 prior 30.4 Business Confidence 20.2 prior 11.3...
Market News
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Sherif Hasan, 30 June 2016, 06:47