something interesting

<  BACK TO Market Analysis

Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 18.07.2019

Bulls-and-bears_Forex_tech-analysis_18.07.2019_FXPIG

24-HOUR VIEW EUR is expected to trade sideways, likely between 1.1200 and 1.1245. Yesterday, we were of the view the “weakness in EUR is expected to extend lower but major 1.1180 support is unlikely to yield so easily”. While EUR subsequently dipped below 1.1200 (low of 1.1198), it recovered quickly to end the day little changed at 1.1223. Downward pressure has eased with the recovery and the current movement is viewed as part of a consolidation phase. In other words, EUR is expected to trade sideways for today, likely between 1.1200 and 1.1245.


1-3 WEEKS VIEW EUR is expected to trade with a ‘downside bias’ but is unlikely to challenge 1.1100. No change in view from yesterday, see reproduced update below.

After trading in a relatively subdued manner for a few days, EUR staged a surprisingly sudden and sharp decline and tested the bottom of our expected 1.1200/1.1310 sideway trading range (first indicated last Thursday,11 Jul, spot at 1.1255). From here, a move below 1.1200 and the mid-June low near 1.1180 would not be surprising. However, downward momentum is not as strong as we prefer and EUR is unlikely to ‘accelerate’ lower. Overall, EUR is expected to trade with a ‘downside bias’ for now but is unlikely to challenge the year-to-date low near 1.1100 (there is another support at 1.1155). On the upside, only a move above the strong 1.1260 resistance would indicate that the current downward pressure has eased.

GBP/USD:

24-HOUR VIEW GBP is expected to trade sideways, likely within a 1.2400/1.2460 range. Expectation for GBP to “weaken further to 1.2365” did not materialize as it staged a relatively robust and rapid rebound after touching 1.2382. Downward momentum has more or less dissipated and GBP is deemed to have moved into a consolidation phase for now. For today, GBP is expected to trade sideways, likely within a 1.2400/1.2460 range.

1-3 WEEKS VIEW GBP is in a ‘negative phase’, could trade towards 1.2340. GBP edged to a fresh low of 1.2382 before recovering. For now, there is no change to our view from yesterday (see reproduced update below).

We indicated yesterday (16 Jul, spot at 1.2515) that “a dip below 1.2470 is not ruled but GBP has to register a NY closing below 1.2440 in order to indicate that it is ready to move below the year-to-date low near 1.2410”. However, the rapid pace of how the price action evolved was unexpected as GBP plunged to a 27-month low of 1.2396 (before closing -0.89% lower at 1.2405, the largest 1-day decline in almost 4 months). The sharp decline indicates that the ‘sideway-trading phase’ that started last Friday (12 Jul, spot at 1.2525) has ended earlier than expected. From here, GBP is deemed to have move into a ‘negative phase’ and could move to 1.2340. On the upside, only a break of the 1.2490 ‘key resistance’ would indicate that the current downward pressure has eased. On a shorter-term note, 1.2460 is already a strong resistance level.

AUD/USD:

24-HOUR VIEW AUD is expected to trade sideways, likely between 0.7000 and 0.7040. AUD traded between 0.6996 and 0.7025 yesterday, narrower than our expected sideway trading range of 0.6995/0.7040. Momentum indicators are still mostly ‘neutral’ and we continue to expect AUD to trade sideways for now, likely between 0.7000 and 0.7040.

1-3 WEEKS VIEW Sustained AUD strength is only likely if it can move and stay above the major 0.7050/70 resistance zone. There is no change to our view from Tuesday (16 Jul, spot at 0.7040). As highlighted, while upward momentum has improved, we have doubts about the sustainability of the advance in AUD. The concern is primarily due to the major resistance zone of 0.7050/70. The 0.7050 level was tested a few times in the past couple of months and held (see annotations in chart below). The 0.7070 level is the minor peak in April as well as a declining trend-line resistance (not visible in the chart below). The price action in AUD over the past couple of days appears to suggest that AUD is ‘hesitating’ below this major resistance zone. That said, the risk for an upside break is still intact as long as 0.6980 is not taken out (no change in level from Tuesday). Looking ahead, if AUD were to move and stay above 0.7070, it would suggest last month’s 0.6832 low could be a significant bottom and AUD could move beyond the next major resistance at 0.7110 in the coming weeks.

NZD/USD:  

24-HOUR VIEW NZD could strengthen but any advance is viewed as a higher trading range of 0.6710/0.6750. Instead of trading sideways, NZD briefly rose to 0.6745 before easing off. Despite the ‘positive’ price action, upward momentum has not improved by much. From here, NZD could edge above the 0.6745 peak but any advance is viewed as a higher 0.6710/0.6750 range (a sustained rise beyond 0.6750 is not expected).

1-3 WEEKS VIEW Sustained NZD strength only if NZD were to close above 0.6740 in NY. The underlying tone in NZD continues to improve as it touched a 3-month high of 0.6745 before ending the day at 0.6732 (+0.50%). For now, we continue to prefer to wait for a NY closing above 0.6740 (see update from Tuesday, 16 Jul, spot at 0.6720) before adopting a more positive stance. The prospect for such a scenario has improved and would increase further as long as 0.6685 (level was at 0.6670 on Tuesday) remains intact within these few days. Looking ahead, if NZD were to close above 0.6740, a break of 0.6780 would not be surprising.

USD/JPY:

24-HOUR VIEW USD could probe 107.70 but the next support at 107.50 is likely out of reach. Expectation for USD to “test 108.50” was incorrect as it retreated after touching 108.32 and dropped to an overnight low of 107.94. Downward momentum has ticked up albeit not by much and this would likely lead to a probe of 107.70. The next support at 107.50 is likely out for reach. Resistance is at 108.10 followed by 108.35.

1-3 WEEKS VIEW USD is expected to trade sideways. No change in view from yesterday, see reproduced update below.

There is not much to add as USD traded in an ‘erratic’ manner as it recouped most of last Friday’s decline (closed at 108.22, +0.29%). For now, we continue to hold the same view from last Thursday (11 Jul, spot at 108.30) wherein USD is expected to trade sideways within a 107.50/108.95 range. Looking forward, the risk of a break of the top of the range first appears to be higher. However, USD has to close above 109.00 in order to indicate that it is ready to challenge 109.60. Meanwhile, the 107.50/108.95 range could remain intact, at least for a few more days.

Source:efxdata

24-HOUR VIEW EUR is expected to trade sideways, likely between 1.1200 and 1.1245. Yesterday, we were of the view the “weakness in EUR is expected to extend lower but major 1.1180 support is unlikely to yield so easily”. While EUR subsequently dipped below 1.1200 (low of 1.1198), it recovered quickly to end the day little changed at 1.1223. Downward pressure has eased with the recovery and the current movement is viewed as part of a consolidation phase. In other words, EUR is expected to trade sideways for today, likely between 1.1200 and 1.1245.


1-3 WEEKS VIEW EUR is expected to trade with a ‘downside bias’ but is unlikely to challenge 1.1100. No change in view from yesterday, see reproduced update below.

After trading in a relatively subdued manner for a few days, EUR staged a surprisingly sudden and sharp decline and tested the bottom of our expected 1.1200/1.1310 sideway trading range (first indicated last Thursday,11 Jul, spot at 1.1255). From here, a move below 1.1200 and the mid-June low near 1.1180 would not be surprising. However, downward momentum is not as strong as we prefer and EUR is unlikely to ‘accelerate’ lower. Overall, EUR is expected to trade with a ‘downside bias’ for now but is unlikely to challenge the year-to-date low near 1.1100 (there is another support at 1.1155). On the upside, only a move above the strong 1.1260 resistance would indicate that the current downward pressure has eased.

GBP/USD:

24-HOUR VIEW GBP is expected to trade sideways, likely within a 1.2400/1.2460 range. Expectation for GBP to “weaken further to 1.2365” did not materialize as it staged a relatively robust and rapid rebound after touching 1.2382. Downward momentum has more or less dissipated and GBP is deemed to have moved into a consolidation phase for now. For today, GBP is expected to trade sideways, likely within a 1.2400/1.2460 range.

1-3 WEEKS VIEW GBP is in a ‘negative phase’, could trade towards 1.2340. GBP edged to a fresh low of 1.2382 before recovering. For now, there is no change to our view from yesterday (see reproduced update below).

We indicated yesterday (16 Jul, spot at 1.2515) that “a dip below 1.2470 is not ruled but GBP has to register a NY closing below 1.2440 in order to indicate that it is ready to move below the year-to-date low near 1.2410”. However, the rapid pace of how the price action evolved was unexpected as GBP plunged to a 27-month low of 1.2396 (before closing -0.89% lower at 1.2405, the largest 1-day decline in almost 4 months). The sharp decline indicates that the ‘sideway-trading phase’ that started last Friday (12 Jul, spot at 1.2525) has ended earlier than expected. From here, GBP is deemed to have move into a ‘negative phase’ and could move to 1.2340. On the upside, only a break of the 1.2490 ‘key resistance’ would indicate that the current downward pressure has eased. On a shorter-term note, 1.2460 is already a strong resistance level.

AUD/USD:

24-HOUR VIEW AUD is expected to trade sideways, likely between 0.7000 and 0.7040. AUD traded between 0.6996 and 0.7025 yesterday, narrower than our expected sideway trading range of 0.6995/0.7040. Momentum indicators are still mostly ‘neutral’ and we continue to expect AUD to trade sideways for now, likely between 0.7000 and 0.7040.

1-3 WEEKS VIEW Sustained AUD strength is only likely if it can move and stay above the major 0.7050/70 resistance zone. There is no change to our view from Tuesday (16 Jul, spot at 0.7040). As highlighted, while upward momentum has improved, we have doubts about the sustainability of the advance in AUD. The concern is primarily due to the major resistance zone of 0.7050/70. The 0.7050 level was tested a few times in the past couple of months and held (see annotations in chart below). The 0.7070 level is the minor peak in April as well as a declining trend-line resistance (not visible in the chart below). The price action in AUD over the past couple of days appears to suggest that AUD is ‘hesitating’ below this major resistance zone. That said, the risk for an upside break is still intact as long as 0.6980 is not taken out (no change in level from Tuesday). Looking ahead, if AUD were to move and stay above 0.7070, it would suggest last month’s 0.6832 low could be a significant bottom and AUD could move beyond the next major resistance at 0.7110 in the coming weeks.

NZD/USD:  

24-HOUR VIEW NZD could strengthen but any advance is viewed as a higher trading range of 0.6710/0.6750. Instead of trading sideways, NZD briefly rose to 0.6745 before easing off. Despite the ‘positive’ price action, upward momentum has not improved by much. From here, NZD could edge above the 0.6745 peak but any advance is viewed as a higher 0.6710/0.6750 range (a sustained rise beyond 0.6750 is not expected).

1-3 WEEKS VIEW Sustained NZD strength only if NZD were to close above 0.6740 in NY. The underlying tone in NZD continues to improve as it touched a 3-month high of 0.6745 before ending the day at 0.6732 (+0.50%). For now, we continue to prefer to wait for a NY closing above 0.6740 (see update from Tuesday, 16 Jul, spot at 0.6720) before adopting a more positive stance. The prospect for such a scenario has improved and would increase further as long as 0.6685 (level was at 0.6670 on Tuesday) remains intact within these few days. Looking ahead, if NZD were to close above 0.6740, a break of 0.6780 would not be surprising.

USD/JPY:

24-HOUR VIEW USD could probe 107.70 but the next support at 107.50 is likely out of reach. Expectation for USD to “test 108.50” was incorrect as it retreated after touching 108.32 and dropped to an overnight low of 107.94. Downward momentum has ticked up albeit not by much and this would likely lead to a probe of 107.70. The next support at 107.50 is likely out for reach. Resistance is at 108.10 followed by 108.35.

1-3 WEEKS VIEW USD is expected to trade sideways. No change in view from yesterday, see reproduced update below.

There is not much to add as USD traded in an ‘erratic’ manner as it recouped most of last Friday’s decline (closed at 108.22, +0.29%). For now, we continue to hold the same view from last Thursday (11 Jul, spot at 108.30) wherein USD is expected to trade sideways within a 107.50/108.95 range. Looking forward, the risk of a break of the top of the range first appears to be higher. However, USD has to close above 109.00 in order to indicate that it is ready to challenge 109.60. Meanwhile, the 107.50/108.95 range could remain intact, at least for a few more days.

Source:efxdata

lastest Articles

Market Analysis
Brexit Optimism Rises Despite Parliament Obstacle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY upside could be losing momentum – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD now looks to a test of 1.1165 – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Speculation about the Brexit vote, assessing Chinese mixed figures, and the Fed's last rate hint
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB speakers advocated fiscal easing – Deutsche Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: The up move faltered just ahead of the 100-day SMA near 1.1140
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Slight consolidation here
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Brexit talks drag on as key UK PM Johnson ally threatens hold-out – Bloomberg
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD still targets 1.1100 and above – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Boris on the brink of a Brexit deal, trade concerns reemerge, US Retail Sales eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China: Widening divergence between CPI and PPI – ANZ
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
When is the UK jobs report and how could it affect GBP/USD?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD drops to session lows near 1.1010 ahead of ZEW
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Focus shifts to Brexit, IMF’s WEO, Earnings Season, and Chinese data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/JPY technical analysis: Intraday positive move stalls near descending trend-channel resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: EUR/USD breaks above 1.10 amid trade hopes – two week highs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EU Official: Eurozone budget should be around EUR 17 bln
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold holds steady in a range, just below $1510 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Surprise upside in Producer Prices – TD Securities
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD locked in a tight range and ready to explode, more likely to the downside – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD may recover as support is stronger than resistance — Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD is approaching the 4 month downtrend – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Markets see glass half full in trade, Boris bracing collapse in talks, and Powell's speech eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
JPY Futures: cautiously neutral near term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Scope for EUR/USD to test 1.10 in the near term – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: China limits scope for talks, EU skeptical on Brexit, and Trump's troubles mount
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar on Backfoot as US Data Disappoints
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Non-Farm Payrolls seen increasing by 125k in September - Nomura
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD brushes off equity turmoil – Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China's Yuan to refresh decade lows as trade war drags on - Reuters poll
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: Remains under pressure around 4-week lows
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: NFP likely to gain 150k in September – TD Securities
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Targets the 21-day SMA at 1.1000 in the near term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: On reversal watch – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD stays below 1.23 after UK Sept Manufacturing PMI rebounds to 48.3
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed’s Evans: US monetary policy needed some "repositioning" to align against risks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Recent Mid-East flare up adds to upside risks – ING
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOJ’s Kuroda: Downside risks in global economy heightening
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD eyes 1.0890 as the next downside target – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD remains offered around 1.10, looks to ECB-speak
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Easing back – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold trades with modest losses, just below $1530 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK: Further political uncertainty – Rabobank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold sits near 2-week tops, just above $1520 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD attempts a recovery post-IFO, still below 1.10
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
U.K. companies for sale — at a 13% discount
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Trump is not in a hurry - Rabobank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD comes under pressure and breaches 1.10 on PMIs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Week Ahead: Markets remain focused on geopolitical risks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold climbs further beyond $1500 mark, lacks follow-through
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOE prepares the ground
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD may free-fall if it loses this support line – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY consolidates near 1-1/2 month tops, comfortably above 108.00 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
RBA Minutes: Little more downbeat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Range trading – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK’s Raab: EU claiming no detailed plans put forward is a diplomatic pressure exercise
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD climbs back closer to multi-week tops, comfortable above mid-0.6800s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil surges, how will EMs react? - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead- Central banks the only game in town
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
JPY Futures: further downside on the cards
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD further upside not ruled out – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Hopes for a small trade deal boosts mood, EUR/USD digests ECB whipsaw, US consumer in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB press conference - September 12: Draghi speech live stream
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: ECB slashes rates by only 0.1% but announces QE, EUR/USD leaps, then crashes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Buckle Up, Get Set ...and GO!
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold trades with modest gains around $1490 level, lacks follow-through
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Germany’s Merkel: We still have every chance of orderly Brexit
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk tone improves on trade progress, focus shifts to ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: A test of the 1.1080 region looks unlikely near term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/JPY consolidates recent gains to over 1-month tops, holds above 132.00 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: Rising odds for extra gains near term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar Retreats After Jobs Miss and Higher Risk Appetite
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index Technical Analysis: The near-term constructive view stays intact above 97.96
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: Recovery stays firm. Next target at the 55-day SMA at 119.78
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold adds to Thursday’s steep decline, hits fresh 2-week lows
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR Futures: scope for extra gains near term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB Pres. Nominee Lagarde: ECB need not be guided by markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/JPY climbs further beyond 129.00 handle, fresh weekly tops
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
GBP Pairs Margin Requirement Change
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Poised to encounter the August low
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD should continue to find buyers on dips under 0.6700 – Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Further selling should see 1.0839 re-tested in the near term. Rebound not ruled out on ‘oversold’ condition
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD could drop further and test 1.0930 – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: further downside not ruled out
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY down move over?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – New Tariffs Begin on China as RBA, BOC, Riksbank and CBR have rate decisions
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China Steals Fed’s Thunder With New Round of Tariffs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD once again finds support near 1.2100 mark, turns neutral post-UK services PMI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: The outlook remains bearish while below the 55-day SMA near 1.1230
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: China strikes back with yuan devaluation, yen surges, commodity currencies crash
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week ahead – Focus shifts east
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Fed-fueled dollar dominates, GBP/USD fears BOE's Super Thursday, and more NFP hints eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY sits near 2-month tops, comfortably above 109.00 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE and global PMIs amongst market movers today
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY: a test of 109.00 stays on the table
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed: Market currently fully pricing a 25bps cut – Deutsche Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: GBP/USD, AUD/USD, NZD/USD -31.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold holds steady near $1425 area, focus remains on FOMC/US-China trade talks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoJ: No fireworks offered
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, USD/JPY - 30.07.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613