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Forex Traders News

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The Bullet Report: Stocks at record highs & Gold at 3 week lows ahead of ECB (Forex.info)   Overnight, the USD continued to hover near four-month highs against the other major currencies on Wednesday, as global growth concerns still weighed on market sentiment and as trading volumes were expected to…
EURUSD finds support at 1.0. GBPUSD looks bullish Daily Forex Market Preview, 21/07/2016 The euro slid back to 1.10 support but failure to close below the support is likely to see a near term correction to the upside. GBPUSD has formed a minor bullish head and shoulders and could see…
US stocks retreat while Dow logs new record close 20-07-2016 by IFC Markets   The Dow Jones industrial average posted the sixth straight record close on Tuesday while the broad stock market edged lower on weak earnings reports. The dollar strengthened on revived expectations of a rate hike this year…
Technical Analysis AUDUSD 20-07-2016 by IFC Markets   Reserve Bank of Australia may cut rates   The Reserve Bank of Australia (RBA) released on Monday the statement of its July meeting according to which the bank considers rate cut on its next meeting on August 2, 2016. The rate is…
GOLD Technical Analysis 20-07-2016 by PaxForex   GOLD - bearish model: pair, ready to continue falling Outlook: the Downward trend with the prospect of profits more than 1000 points   Source: www.paxforex.com  
Wednesday, 20 July 2016 09:12

USDJPY looking to correct to 103 – 104

USDJPY looking to correct to 103 – 104 Daily Forex Market Preview, 20/07/2016 The US dollar emerged stronger yesterday led by better than expected building permits and housing starts. Still, overall the price action remains fairly subdued as the markets await cues from the ECB's meeting tomorrow. The euro remains…
USDJPY Boundary At 106.30 - Aussie Hit by RBA Dovish Minutes The US Dollar remains relatively strong against its counterparties on Tuesday morning. Equities have been flat to slightly positive in US. In Asia, NIKKEI 225, closed up by 1.23% and European futures indicated for a calm start at around…
Tuesday, 19 July 2016 09:55

Gold prices stay supported at 1327.50

Gold prices stay supported at 1327.50 Daily Forex Market Preview, 19/07/2016 The markets were trading flat yesterday with lack of any major fundamentals to go by. The price action in spot gold shows an inside bar being formed for the second day and could potentially result in a breakout in…
EURUSD Technical Analysis 18-07-2016 by PaxForex   EURUSD - bearish model: pair, ready to continue falling Outlook: the Downward trend with the prospect of profits more than 100 points   Source: www.paxforex.com
Monday, 18 July 2016 11:20

Forex Market - Weekly Update

Forex Market - Weekly Update The US Dollar held its ground the previous week pushing higher against its counterparties. The US Dollar index remained near its resistance at 96.84. Against the Japanese Yen, the US Dollar peaked at cap at 106.30 on expectations building towards fiscal and monetary stimulus by…
Monday, 18 July 2016 08:59

USDJPY could retrace back to 103 - 102

USDJPY could retrace back to 103 - 102 Daily Forex Market Preview, 18/07/2016 The euro, British pound and the yen are seen trading range bound in the near term, awaiting the next major fundamental catalysts, but could see a temporary retracement to the current direction. Gold prices have established support…
Technical Analysis XAUOIL 2016-07-15 by IFC Markets   Gold price in terms of oil is rising   Oil prices are declining as rising output still outstrips global demand. At the same time increased uncertainties in global financial markets after Brexit support demand for haven assets including gold, resulting in rise…
Wave analysis and forecast for 15.07.2016 – 22.07.2016 by LiteForex   EUR/USD: Wave analysis and forecast for 15.07 – 22.07: The pair is undergoing correction. Estimated pivot point is at the level of 1.1096. Our opinion: In the short-term: buy the pair above the level of 1.1096 with the target…
Risk sentiment improves on positive data 15-07-2016 by IFC Markets   US stocks advanced to fresh highs on Thursday on strong JP Morgan earnings data for Q2. Dow Jones industrial average advanced 0.72% to 18504.56, S&P 500 rose 0.52% to 2163.59 while Nasdaq composite added 0.57% to 5034.06. For S&P…
Friday, 15 July 2016 09:56

EURUSD remains supported above 1.110

EURUSD remains supported above 1.110 Daily Forex Market Preview, 15/07/2016 The Bank of England’s decision to hold monetary policy steady saw the GBP surge against the US dollar, clearing 1.32 with 1.36 now coming into focus. EURUSD’s price remains broadly flat but with the 1.110 resistance being cleared; we could…

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