EUR/USD slipped 0.10% to 1.1234, off a one-week high of 1.1257 hit overnight. GBP/USD fell 0.32% to trade at 1.2850 after the latest YouGov poll released on Wednesday showed that Theresa May’s Conservative Party is only 3 %age points in front of the opposition Labor Party ahead of the June 8 election. It was up […]
Latest News
A certain degree of heightened global uncertainty continues to be a backdrop for the Australian economy. Despite this, most sectors have been able to shrug off this impact and record growth, albeit modest. The economy is recession free, with low unemployment rates and decent export earnings. Here are some of the market-moving indicators to look […]
Technical Analysis: 01/06/2017 – Gold maintains bullish outlook; pauses upside momentum
Post by admin on June 1, 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…
Per the latest ‘poll of polls’ released yesterday May 31, conducted by the Press Association based on a 7-day rolling average of all published polls, approval ratings for the Conservative and Labour Parties are 44% and 35% respectively. The Conservatives’ lead is 9% which is higher than the previous shocking low 5% lead. Currently the […]
Forex News: 01/06/2017 – Aussie hurt by weak China PMI; Pound slips on latest polls
Post by admin on June 1, 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…
Global macro overview for 01/06/2017: An abrupt contraction of activity among small industrial companies in China puts the pressure on markets. The Chinese Caixin PMI index fell to 49.6 points and it was below 50 points for the first time in 11 months (reading above means expansion of the sector). This came as a surprise […]
The Dollar index remains above support at 97. I continue to favor at least a short-term bounce towards 99. I’m not bearish at current levels and at least I prefer to be neutral. Blue lines – trading range The Dollar index is below the Kumo (cloud). Support is at 97. Resistance is at 97.30-97.40 and […]
GOLD price has reached the upper trading range boundary resistance and is pulling back down. Short-term traders could try and profit from short positions with tight stops at $1,275 as a pullback towards the lower boundary level is justified. Blue lines – trading range Gold price got rejected at the upper blue trading range boundary. […]
The bearish trend in AUD/USD seems to continue again after a corrective growth towards the resistance at 0.75. Today the Australian AIG Manufacturing Index was published with a reduced figure at 54.8 which previously was at 59.2. The Australian Private Capital Expenditure showed a rise of 0.3% which previously was at -1.0%. These reports put […]
Trading plan for 01/06/2017
Post by admin on June 1, 2017
Trading plan for 01/06/2017: After the poor data from China, AUD was heavily sold. The Shanghai Stock Exchange moved down, but the rest of the indexes are trading flat. GBP/USD is coming down from the highs as the political issues are setting the tone for trade. Crude Oil rebounded after better-than-expected stockpiles data. On Thursday […]
EUR/AUD has been in a non-volatile bullish trend recently which has surpassed and retested 1.51 recently. Today, Australian AIG Manufacturing Index was released with a worse figure of 54.8 from 59.2 previously, Private Capital Expenditure showed a rise to 0.3% from -0.1% which has affected by the currency growth but Retail Sales report showed growth […]
Technical outlook: The EUR/USD pair continues to probe a meaningful lower high before reversing lower again. The pair has inched higher a bit and printed a lower high at 1.1254 levels today before retracing lower. Please note that the rally from 1.1162 levels yesterday still looks to be corrective in nature, completing 3 waves a-b-c […]
Wave summary: The break above minor resistance seen at 1.5869 was the first indication that wave ii/ completed early in a running flat instead of the expected dip below 1.5588 in an expanded flat. To confirm that wave iii/ is indeed developing, we still need to see a break above 1.6002, but once seen that […]
Wave summary: The break above minor resistance seen at 124.65 has confirmed that wave iii/ higher towards at least 127.50 now is developing. Short term, we should see support in the 124.53 – 124.65 area protecting the downside for a continuation higher to and above 125.81 for the rally higher to 127.50 as the next […]
June 2017 Market Outlook for EU
Post by admin on June 1, 2017
The economy of the European Union has so far proved its resilience amidst uncertainties caused by the Brexit and Donald Trump’s victory in the US Presidential elections. Here’s a look into the major events that may move markets in the month of June. June 1: Italy GDP Growth Rate (Q1), US Manufacturing PMI (May) […]
NFP Preview – May Edition
Post by admin on June 1, 2017
The U.S. Labor Department is set to release its latest batch of nonfarm payrolls (NFP) data on 2 June, giving traders the latest glimpse of the world’s largest economy. A repeat performance of the April NFP report will boost confidence in the domestic economy at a time when other indicators are showing less than promising […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The demand for luxury tends to increase as a financial mania matures. One of the latest extravagant items weighs 33 pounds and is made of solid GOLD. Financial trend changes usually occur when they’re least expected. Are you prepared? Learn How the Wave Principle Can Improve Your Trading
The index is finding support around 96.00, as the bears continue to keep pressure the greenback in the short-term. Once it manages to break below the 96.90 level, then we might see some declines to take place towards 96.25. However, if USDX does a consolidation above the 200 SMA at H1 chart, it can look […]
The pair was favored by the bulls’ force during Wednesday, amid USD weakness across the markets. The resistance level of 1.2911 is trying to keep buyers contained, by if it gives up, then we may expect a rally’s continuation towards 1.2962. Instead, we should prefer to follow the bearish structure once it manages to break […]
Technical outlook: The EUR/USD continues to consolidate after hitting an interim high at 1.1263 levels last week. It looks more probable that the pair is into its second leg B, as labelled here, within the A-B-C correction. You can observe that the pair is stalling right at the trend line resistance and also the fibonacci […]
We take a nice detailed look at AUD/NZD and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more […]
Price bounced perfectly above our stop loss and is forming a strong bullish reversal. We remain bullish above major support at 82.59 (Fibonacci retracement, horizontal support, bullish divergence) and we expect a strong bounce above this level to at least 83.27 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (89,5,3) is seeing strong support above the […]
We look to buy above major support at 1.0491 (ibonacci retracement, Fibonacci extension, long term horizontal support) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Daily financial news by- Binary.com- May 31h, 2017
Recently, EUR/GBP has been trading in a non-volatile bullish trend without any deeper pullbacks. EUR is currently quite stronger than GBP fundamentally despite having mixed economic reports from both the eurozone and the UK. Today, the following data was released in the eurozone. German Retail Sales report was negative at -0.2% instead of the consensus […]
