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The single currency is looking to rebound from session lows vs. the buck, with EUR/USD now navigating the 1.1360/70 band. EUR/USD supported around 1.1360 The pair is showing some fresh bids despite the US ISM manufacturing came in above expectations in June at 57.8 vs. 55.2 initially forecasted...
Analytics & Forecasts
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Roman Vashchilin, 3 July 2017, 17:16
You are told that some kind of phenomenon has no explanation. Understand this as lacking the necessary knowledge from the one who tells you this. In the forex market, many experts talk about changing the trend after its change...
Analytics & Forecasts
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Igor Gritsai, 3 July 2017, 16:03
Tomorrow brings policy meetings from both the RBA and the Riksbank and the statements of both will be carefully evaluated for any hawkish signals, according to the analysis team at Rabobank...
Weekly Trends
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Roman Vashchilin, 3 July 2017, 15:24
The AUD/USD pair remained under some selling pressure through European trading session and dropped session low near mid-0.7600s, albeit has managed to recover few pips thereafter. Investors now seemed to have realized that the greenback selling might have been overdone in the near-term...
Currency
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Roman Vashchilin, 3 July 2017, 15:22
The global wave of populism has finally reach Japan’s shores. In an historic upset, Tokyo Governor Yuriko Koike's Tokyo Citizens First Party and its partners won a clear victory at Sunday’s Tokyo Metropolitan assembly election. The political party, practically unknown outside of Tokyo...
Market News
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Jiming Huang, 3 July 2017, 13:53
After a painful week, the US dollar started the week on the front foot, extending gains against most of its peers. The dollar index tumbled 2% last week amid a sharp appreciation of the single currency (+2.07%), the loonie (2.34%) and the pound (+2.41...
Market News
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Jiming Huang, 3 July 2017, 13:52
Pushing lower. (By Yann Quelenn ) • Crude oil is now consolidating higher since the commodity hit 11-month low towards resistance at 46.71 (12/06/2017 high). Support is given at...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:50 #crude oil
Weakening. (By Yann Quelenn ) • Silver's bullish bounce quickly faded. Closest support is given at 16.29 (26/06/2017 low). Strong support is given at 16.06 (09/05/2017...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:49 #silver
Strong bearish momentum. (By Yann Quelenn ) • Gold's is trading lower. The commodity has broken hourly support located at 1236 (26/06/2017 low). Stronger support is given at...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:47 #gold
Recovery gains strength. (By Yann Quelenn ) • EUR/CHF's short-term bullish pressures are definitely on after clear break of downtrend channel. Hourly support is located at a distance...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:46
Slight weakness. (By Yann Quelenn ) • EUR/GBP has broken downtrend resistance triggering a move towards 1.0987. Hourly support can be located at Support can be found...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:44
Bullish consolidation. (By Yann Quelenn ) • EUR/JPY is now consolidating after its recent rally. Key resistance is located at 128.83 (30/06/2017). Hourly support can be found at...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:43
Consolidating. (By Yann Quelenn ) • AUD/USD's technical structure is bullish since early May. Recovery bounce near former resistance at 0.7636 is gaining momentum. The...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:41
Bearish breakout. (By Yann Quelenn ) • USD/CAD is way into bearish mode. Strong support given at 1.2969 (31/01/2017 low) has been broken. Resistance is located at 1.3010...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:39
Bullish consolidation. (By Yann Quelenn ) • USD/CHF remains weak as long as prices remain below the key resistance at 0.9647 (28/06/2017 high). Hourly resistance can be...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:38
Strengthening again. (By Yann Quelenn ) • USD/JPY is back to bullish after strong bullish rally while remaining within an uptrend channel. Hourly support can be found at 111.73...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:36
Stalling below support given at 1.3046. (By Yann Quelenn ) • GBP/USD's momentum is higher than expected and the pair is now targeting key resistance give at 1.3046 (18/05/2017 high...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:34
Starting a consolidation phase. (By Yann Quelenn ) • EUR/USD is now consolidating after its recent rally above 1.1400. Hourly support can be found at 1.1076 (18/05/2017 low). Stronger support lies...
Analytics & Forecasts
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Jiming Huang, 3 July 2017, 13:32
Tomorrow at 04:30 (GMT), the RB of Australia publishes an interest rate decision. It is widely expected that the rate will remain at the same level of 1.5...
Analytics & Forecasts
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TifiaFX, 3 July 2017, 13:27 #RBA, fundamental analysis
EUR/USD The pair tested the highs in the 1.1445 area on Thursday and today returned to the support of 1.1400 and it can continue correction to 1.1280 without affecting the newly acquired uptrend. AUD/USD The Australian dollar didn’t stay long above the key resistance of 0...
Analytics & Forecasts
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Real Trade, 3 July 2017, 13:21