You’re watching the Primary Daily Trading Signals for Monday. Here’s how the technical models compare with the interbank stance at 8 AM GMT. Euro/Dollar’s hourly and daily studies are mostly pointing North, but mid term outlook is neutral. The 18% long interbank stance is in line with the short and long term indicators. There are […]
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NZD/USD Intraday technical levels and trading recommendations for July 10, 2017
Post by admin on July 10, 2017
Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400. A bearish breakout of the lower limit of the channel took place in December […]
Forex News: 10/07/2017 – Dollar/yen at 2-month high on NFP jump; Gold slumps
Post by admin on July 10, 2017
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Technical Analysis: 10/07/2017 – GBPJPY bullish bias; eyes one-month high
Post by admin on July 10, 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 US economy added a better-than-expected 222,000 new jobs in June and the unemployment rate held at 4.4%. Analysts had been expecting Non-Farm Payrolls growth of 179,000 and the unemployment rate to be 4.3%. Wage growth, however, remained muted, with average hourly earnings rising 2.5% on an annualized basis, essentially unchanged from the previous month. […]
Global macro overview for 10/07/2017: The US nonfarm payroll data were mixed. They showed the US economy added 222k jobs in June, which was more than both May’s figure and the consensus. The unemployment rate jumped from 4.3% to 4.4% as labour force growth exceeded employment growth. Furthermore, the underemployment (U6) number at 8.6% versus […]
The Dollar index remains in a bearish trend although for the last couple of sessions we could be making at least a short-term low. I believe the upside has more potential than looking for the bearish side. The Dollar index has retraced 61.8% of the recent rise from 95.50 to 96.50. Price remains below the […]
GOLD price remains in a bearish trend. Price got rejected at the resistance level of $1,230 last week and reversed and made a new lower low. We are now entering an area where Gold price could make an important long-term low. Blue lines – bearish channel Gold price is trading inside a bearish channel and […]
Trading plan for 10/07/2017
Post by admin on July 10, 2017
Trading plan for 10/07/2017: It looks like a quiet start of the week on the Forex market. Some move up has been noticed only with USD/JPY pair as it is approaching the May high around 114.30 after Governor Kuroda’s words about the need to continue loosening politics. EUR/USD is at 1.1405, GBP/USD is back above […]
It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Here’s how our in-house model tests out this Monday. Euro/Dollar currently stands between R1 of 1 1450 and S1 of 1 1380. R1 has a price channel indicator upper line and a 12 month high among […]
Forex Market Wrap 10/7/2017
Post by admin on July 10, 2017
Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – The Yen starts the week on the back foot. – China CPI data weaker than forecast. – Syrian peace talks in Geneva. – President Macron tightens his belt. – Canada and Australia are seen as one […]
US Data brings on USD bulls
Post by admin on July 10, 2017
U.S. job growth surged more than expected in June and employers increased hours for workers, with signs of a labor market strengthening that is likely to keep the Federal Reserve on course for a 3rd interest rate increase this year, despite lackluster inflation. Non-farm payrolls increased by 222,000 jobs in June beating expectations for a […]
On Friday a robust NFP (nonfarm payrolls) report eased fears of a broad slowdown in the world’s largest economy, and helped U.S. stocks and the US dollar spike. June NPF Report Better than Expected The U.S. economy added a more than expected 222,000 nonfarm jobs last month, following an upwardly revised gain of 152,000 the […]
Dollar Remains Weak
Post by admin on July 10, 2017
The report for the US labor market, despite being positive, again left more questions than answers. Meanwhile, the apparently extended weak trend of the average wage growth was also noted. An in-depth analysis of the labor market shows that this assessment is fairly objective. Thus, the employment report, in general, is positive, if we assume […]
In Asia, Japan will release the Economy Watchers Sentiment, Current Account, Core Machinery Orders m/m, and Bank Lending y/y data, and the US will release some Economic Data, such as Consumer Credit m/m and Labor Market Conditions Index m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this […]
Eurozone The Euro ended the week on a positive note. In the absence of significant macroeconomic news, investors are beginning to shift their focus on the rhetoric of top ECB officials who are becoming more aggressive. The policy stimulus against the background of rapid economic growth is nearing the end, in this the market is […]
EUR/USD: This pair got corrected lower from Monday to Wednesday and then moved upwards on Thursday, to close just below the resistance line at 1.1400 on Friday. The outlook on the EUR/USD is bullish for this week, and further bullish movement may help price attain additional resistance lines at 1.1450, 1.1500 and 1.1550. USD/CHF: This […]
Overview: The GBP/USD pair continues to move upwards from the level of 1.2861. The first support level is currently seen at 1.2861, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.2861, which coincides with the 61.8% Fibonacci retracement level. This […]
Overview: On the one-hour chart, the EUR/USD pair bullish trend from the support level of 1.1340. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support is seen […]
Boris and Kathy Forex Weekly – 10/7/2017 – Majors At first glance, it was a mixed week for the U.S. dollar, which saw gains versus the British Pound, Japanese Yen, Australian and New Zealand dollars but incurred losses against the Euro and Canadian dollar. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-10-7-2017 Want to see more Forex videos like […]
The greenback continues to find a bottom around 95.77 and it will try to test the 200 SMA at H1 chart in order to break higher. However, as long as it stays below that moving average, USDX will try to look for the 95.10 level in the short-term and it would happen after a breakout […]
The pair doesn’t have a clear direction in the short-term, despite it’s consolidating the price action below the 200 SMA at H1 chart. To the downside, all focus is pointing to the support zone of 1.2756, but we expect that a recovery takes place in order to re-test the psychological level of 1.3000. MACD indicator […]
Boris and Kathy Forex Weekly – 10/7/2017 – Commodity Dollars At first glance, it was a mixed week for the U.S. dollar, which saw gains versus the British Pound, Japanese Yen, Australian and New Zealand dollars but incurred losses against the Euro and Canadian dollar. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-10-7-2017 Want to see more Forex videos […]
Boris and Kathy Forex Weekly – 10/7/2017 – Commodity Dollars At first glance, it was a mixed week for the U.S. dollar, which saw gains versus the British Pound, Japanese Yen, Australian and New Zealand dollars but incurred losses against the Euro and Canadian dollar. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-10-7-2017 Want to see more Forex videos […]
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