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Technical Analysis – EURUSD maintains neutral bias between 1.11 and 1.13; bullish market structure intact Selena Nicholas, XM Investment Research Desk   EURUSD maintains a neutral bias in the short-term, as the pair continues to trade between 1.1100 and 1.1300. In recent days, there has been some downward momentum following the failure to break above major resistance at 1.1300 after prices came very close to this level on June 14. There was a subsequent fall below 1.1200. This support-turned-resistance level is also close to the tenkan-sen line, making it an important resistance area. Momentum indicators like the RSI and MACD…
Analysis on McDonalds by PaxForex   McDonalds - Bull model: Currency pair, can continue growing;  Outlook: The upward trend with a view to the profit more than 280 points.   Source: www.paxforex.com
Technology stock rebound buoys market sentiment 20.06.2017 by IFC Markets S&P 500 and Dow at fresh record highs US stocks closed at record highs on Monday as technology shares rebounded. The dollar recovered from previous day’s loss: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, gained 0.4% to 97.115. S&P 500 rose 0.8% settling at 2453.46, a new record high. The Dow Jones industrial average added 0.7% to 21528.99, a closing record. The Nasdaq composite index jumped 1.4% closing at 6239.01, with giants Apple,…
Technical Analysis GBPUSD : 2017-06-20 by IFC Markets Rising inflation supports British Pound UK inflation hit 2.9% in May, and Bank of England left rates unchanged. But three members voted for rate hike against one vote for a hike in May. Will the British Pound continue strengthening? The Bank of England left its key interest rate at 0.25%, leaving unchanged also the size of its asset purchase program at £435 billion at its meeting last Thursday. Monetary Policy Committee decision was widely anticipated but the 5-to-3 vote showed two more BOE members voted for a rate hike after just one…
Daily Morning Report 20.06.2017 by TradersTrust The pound was under pressure on Tuesday after Bank of England (BoE) governor Mark Carney stated that it was not time for the British monetary authority to hike interest rates. The BoE surprised markets last week when three out of eight members of the Monetary Policy Committee (MPC) voted to raise interest rates by 25 basis points. Consensus had only expected one dissent to the decision to hold. “Different members of the MPC will understandably have different views about the outlook and therefore on the potential timing of any bank rate increase,” Carney explained…
China stocks potential MSCI inclusion may support Aussie Fed made it clear that more tightening is coming, long USD/JPY? Any MSCI’s A-share inclusion may give Aussie a major boost China’s growing acceptance into international capital markets faces an important moment as MSCI is going to make a decision to include the first batch of stocks listed on its $7tn domestic equity markets into the world’s dominant emerging markets stock index. MSCI will announce whether it would include China’s domestic A-shares in its global indices after U.S. stocks closed this Wednesday, HK time. Inclusion into the index would be a major…
Tuesday, 13 June 2017 05:42

Weekly Market Research

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Weekly Market Research Roadmap for Pound after UK Election Surprises Markets Fed cannot wait to raise the interest rate in days, good time to sell EUR/USD? Result of UK election set for more volatility in GBP in short term, but medium-term outlook could be positive On Friday morning as UK election results ended in a hung parliament, there are many more questions to befuddle the market. Among them, who will now negotiate Brexit for the UK and how long the new government can last could be the most important. GBP is extending its overnight losses after confirmation that the UK…
Technical Analysis – AUDUSD hits fresh 2-week high; surpasses the 0.75 handle Posted on June 6, 2017 at 1:44 pm GMT Andreas Georgiou, XM Investment Research Desk     AUDUSD is currently up from the day’s open, rising above the 50-day moving average (MA) and setting a new two-week high of 0.7515. The short-term picture as depicted by the RSI is looking bullish as the indicator is above its 50 neutral-perceived level at 57. Note though that the indicator is not as steeply sloped as in the preceding trading days, perhaps indicating that momentum is not as strong as before. The…
Monday, 05 June 2017 11:47

5 Reasons Why Fed Will Ignore NFP and Hike Again

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5 Reasons Why Fed Will Ignore NFP and Hike Again Fed is ready to raise interest rate in two weeks, long USD/JPY? Below-estimated U.S. payrolls won’t change Fed’s rate decision this month Total U.S. nonfarm payroll employment increased by 138,000 in May, well below the earlier economists’ forecast, and the unemployment rate was little changed at 4.3%, the U.S. Bureau of Labour Statistics reported last Friday. Job gains in March and April were revised down by 66,000 collectively. Job gains occurred in health care and mining last month. The figures do not change the picture of U.S. economy growing steadily…
Analysis on J&J 02/06/2017 by PaxForex J&J - Сurrency pair may continue growing; Outlook: the Bullish trend with the prospect of profits more than 150 points.   Source: www.paxforex.com  
Tuesday, 30 May 2017 17:03

Weekly Market Research

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Why PBOC’s New Fixing Rule Could Be Good News to Dollar?   U.S. to release NFP this week, long USD/JPY? Are you ready for a strong dollar in second half of the year? Bloomberg reported last week that China is considering changes to the way it calculates the yuan’s daily reference rate against the dollar, as policy makers may add a “counter-cyclical factor” to the yuan’s daily fixing. China’s foreign-exchange market can be driven by irrational expectations, resulting in "unreal" supply and demand that increases the risk of overshooting, according to an official statement on Chinamoney.com, run by China Foreign…
Oil slips on OPEC meeting. US Q2 GDP expected to be revised higher Daily Forex Market Preview, 26/05/2017 The much anticipated OPEC meeting held in Vienna yesterday saw the Oil cartel announce an extension of the oil production cuts until March 2018 as informally reported earlier. Yet, despite the announcement, crude oil prices fell sharply on the day with the NYMEX Crude oil futures falling 4.8% on the day. The weaker oil prices also pulled down the price of other commodities including gold which slipped to $1256 an ounce. The US dollar managed to post some modest gains but remains…
Analysis on EBay 24/05/2017 by PaxForex   EBay - chart may continue growing; Outlook: the Bullish trend with the prospect of profits more than 120 points per week;   Source: www.paxforex.com  
Technical Analysis – NZDUSD climbs to 4-week high but outlook still bearish Posted on May 23, 2017 at 3:09 pm GMT by the XM Investment Research Desk   NZDUSD was up sharply for a third straight day on Tuesday as it climbed back into the Ichimoku cloud and hit a 4-week high of 0.7046. This week’s gains have taken prices above the 50-day moving average and the RSI has risen further into positive territory, indicating a strong bullish bias in the near term. If the positive momentum holds, immediate resistance will likely come from around the 0.7050 level, which has…
EURUSD Technical Analysis 23.05.2017 by Grand Capital The pair is trading higher than the 1.1225 level amid the speculative buying of euro. From a technical standpoint, it is strongly overbought and has all chances to turn downwards and fall considerably due to the positive data on the employment in the US, publication of the minutes of the last Fed. meeting, which may signal a further rise in the interest rates and, finally, at the moment of making the decision on the interest rates, as there are no fundamental reasons for the pair to continue rising. The price is higher than…
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