Let’s take a look at the potential FX market movers scheduled on Tuesday, 30th of May with the Dukascopy Economic Calendar. There’s no trading in China due to Dragon Boat festival. Second estimate of French GDP for the first quarter opens this agenda at 6:45 in the morning. According to flash report, economic growth slowed […]
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Weekly Technical Analysis: 29/05/2017 – EURUSD, GBPUSD, EURGBP, USDJPY and Gold
Post by admin on May 29, 2017
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.
Recently, the EUR/JPY pair has been trading downwards. The price tested the level of 124.17. Anyway, according to the 30M time frame, I found a potential breakout of horizontal trading range, which is a sign that selling looks risky. There is a hidden bullish divergence on the moving average oscilator in the background, which is […]
GBP/USD analysis for May 29, 2017
Post by admin on May 29, 2017
Recently, the GBP/USDr has been trading upwards. The price tested the level of 1.2848. According to the 15M time frame, I found a potential bearish flag, which is a sign of weakness. There is also a hidden bearish divergence on the moving average oscilator, which is another sign of weakness. My advice is to watch […]
Make sure you get the best deals from your broker and compare their price feed with the Main Spike Controller. First up is the Euro/Dollar with long-term average spread of point 42 pips. Both sides separated by point 7 pips within the last 4 hours. This pair has seen little movement, and the daily volatility […]
NZD/USD is expected to trade with a bullish bias above 0.7040. The pair has bounced up from another test of its key support at 0.7040, which should limit the downside potential. The rising 50-period moving average is playing a support role and maintains the upside bias. The relative strength index is above its neutrality level […]
GBP/JPY is under pressure. The pair is consolidating around its 20-period moving average, which remains below the descending 50-period moving average. The horizontal level at 143.15 should also play a key resistance role. In addition, the relative strength index is below its neutrality area at 50, and lacks upward momentum. Therefore, as long as 143.15 […]
Global macro overview for 29/05/2017: The Preliminary GDP data from the US surprised market participants. The US Commerce Department reported the first-quarter GDP was revised up to 1.2% instead of the 0.7% pace reported last month, while market participants expected only a 0.9% increase. A non-defense capital goods orders excluding aircraft, which are strongly related […]
These are Monday’s Primary Daily Trading Signals with a look at how the technical studies compare with the interbank sentiment at 8 AM GMT. Neutrals are in the lead of all three time scales for the Euro/Dollar, but interbank sentiment is pointing North at 20% long. The Cable’s hourly studies are mostly green, mid term […]
Markets are generally quiet as Markets in China, the UK and the US are closed for National Holidays. As a result, markets have seen overall subdued trading. The recent gains in Asian equities have pushed back; falling short of pushing towards new two-year highs. GBP is currently trading above 1.2830 as it moved off Friday’s […]
Moody’s agency lowered China’s debt rating on fears about the country’s long-term growth prospects.
Post by admin on May 29, 2017
Moody’s global rating agency lowered its rating on China’s sovereign debt by one notch, to A1 from Aa3, and also changed its outlook for further rating changes to stable from negative. The move brings Moody’s in line with another major ratings company, Fitch Ratings agency. Standard & Poor’s ratings agency rates China a notch higher […]
Welcome to the easyMarkets weekly outlook starting this Monday 29 May. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. The week kicks off with key inflation data from the US and the EU, economic growth numbers from Canada and manufacturing from China. Towards the end of […]
Technical Analysis: 29/05/2017 – EURUSD consolidates after rally to 6-month high
Post by admin on May 29, 2017
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
EUR/USD has been in a non-volatile bullish trend recently which is expected to continue till the price reaches the 1.1450 resistance area. Today the United States celebrates the Memorial Day, so there are no economic events in the US calendar. Meanwhile, the eurozone posted the M3 Money Supply report which showed a decrease to 4.9% […]
Trading plan for 29/05/2017
Post by admin on May 29, 2017
Trading plan for 29/05/2017: The Bank Holiday in China, UK, and the US will lead to low volatility trading today, so the financial markets oscillate around Friday close levels. GOLD is trading inside of the range, while Crude Oil is declining slightly. The major and minor Forex pairs have made marginal moves without any surprises. […]
Forex News: 29/05/2017 – Dollar supported by US GDP revision; Pound steadies on polls relief
Post by admin on May 29, 2017
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
The Dollar index as expected is showing signs of reversal off the weekly Kumo. I continue to expect the Dollar index to strengthen significantly from current levels. Red lines – bearish channel Blue lines – trading range The Dollar index has broken out of the bearish channel but remains below the 4-hour Kumo (cloud) and […]
GOLD price broke out of the triangle pattern last week and has made new highs above $1,265. Bulls need to continue to show improved strength so that we should not see the breakout as a false one. Short-term target and next important resistance is at $1,277-80. Blue lines – triangle Red lines – bullish channel […]
It’s a new trading week, and the Dukascopy TV team is back with another edition of the Support and Resistance Level Report. Euro/Dollar stands between R1 of 1 1210 and S1 of 1 1160. R1 is the most confirmed resistance level with a total of 9 matches. R2 and R3 both have 3 confirmations. The […]
In Asia, today Japan and the US will not release any Economic Data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.94. Resistance. 2: 111.72. Resistance. 1: 111.50. Support. 1: 111.23. Support. 2: 111.01. Support. 3: 110.79. Disclaimer: Trading Forex (foreign […]
EUR/USD: This pair moved sideways last week, oscillating between the support line at 1.1150 and the resistance line at 1.1250. The resistance line at 1.1250 was tested several times without success but, it would be breached to the upside this week. The outlook on EUR pairs is bearish for June (though some EUR pairs would […]
Overview: The USD/CHF pair: The bias remains bearish in the nearest term testing 0.9645 or lower. The first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. The USD/CHF pair broke support which turned to strong resistance at 0.9787. The market is still set to trade around […]
Overview: The EUR/USD pair is showing signs of strength following a breakout of a high at 1.1129 (pivot point). The level of 1.1129 coincides with 78.6% of Fibonacci, which is expected to act as a minor support today. Since the trend is above the 78.6% Fibonacci level, the market is still in an uptrend. At […]
We are coming off the heels of an interesting week for the U.S. dollar which ended the week stronger versus the British Pound, weaker versus the New Zealand dollar and basically unchanged against other major currencies. Read Full Article: https://pepperstone.com/en/Forex-news/market-review/boris-and-kathy-forex-weekly-29-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about Pepperstone: https://pepperstone.com/ […]
We are coming off the heels of an interesting week for the U.S. dollar which ended the week stronger versus the British Pound, weaker versus the New Zealand dollar and basically unchanged against other major currencies. Read Full Article: https://pepperstone.com/en/Forex-news/market-review/boris-and-kathy-forex-weekly-29-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about Pepperstone: https://pepperstone.com/ […]
