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GBPUSD could test 1.32 on the descending wedge Daily Forex Market Preview, 08/07/2016 Markets were trading cautiously yesterday after the initial positive sentiment flipped led by declines in Oil. ADP payrolls report yesterday showed 172k jobs being added to a better than expected jobless claims as well, feeding the optimism…
07.07.2016 - THE FALL OF THE AUSTRALIAN DOLLAR MAY RESUME by Fxfinpro Capital The price of the Australian dollar rebounded from the support level at 0.7400 and the growth achieved in the framework of local ascending channel's lower border. In case of continuation of the upward movement of prices may…
US stocks rebound 07-07-2016 by IFC Markets US stock market rebounded on Wednesday as risk appetite improved and oil rose. The dollar weakened after minutes from the Federal Reserve’s June meeting suggested the central bank will likely not raise rates soon: the live dollar index data indicate the ICE US…
Thursday, 07 July 2016 09:28

USDJPY aiming for 102 followed by 105

USDJPY aiming for 102 followed by 105 Daily Forex Market Preview, 07/07/2016 The US dollar gave back most of its gains yesterday, but price action is likely to be supported to the upside in the near term. While the euro remains caught within 1.115 levels, the bias is increasingly turning…
Forecast For The Day 06-07-2016 by PCM Brokers SymbolsFirst Good SellSecond Good SellThird Good SellTrend ChangeThird Good BuySecond Good BuyFirst Good Buy EURUSD 1.12760 1.12308 1.11518 1.11066 1.10276 1.09824 1.09034 GBPUSD 1.34867 1.33856 1.32015 1.31004 1.29163 1.28152 1.26311 USDJPY 103.509 103.045 102.369 101.905 101.229 100.765 100.089 USDCAD 1.32300 1.31230 1.30492…
Markets slide as Brexit concerns resurface 06-07-2016 by IFC Markets US stocks retreated on Tuesday as concerns about negative impact for the global economy of UK’s decision to leave the European Union weighed on market sentiment. Lower oil prices also added to concerns about global economic slowdown. The dollar strengthened…
Wednesday, 06 July 2016 09:20

EURUSD eyes 1.07 on a breakout below 1.10

EURUSD eyes 1.07 on a breakout below 1.10 Daily Forex Market Preview, 06/07/2016 Risk aversion resumed after the US returned from holiday with investor sentiment turning sour after a third real estate fund suspended trading after an increase in investor redemptions. Sterling slumped as expected, fueled by BoE lowering capital…
GBPJPY Technical Analysis 05-07-2016 by PaxForex GBPJPY - bearish model: pair, ready to continue falling Outlook: the Downward trend with the prospect of profits more than 230 points Source: www.paxforex.com
Tuesday, 05 July 2016 07:41

EURUSD likely to test 1.110 for support

EURUSD likely to test 1.110 for support Daily Forex Market Preview, 05/07/2016 EURUSD is retesting the 1.110 level for support ahead of what could be the next leg up to test the 1.120 level. USDJPY has turned bearish and is seen paring gains with support at 102, a break below…
US dollar long bets fall after Brexit 04-07-2016 by IFC Markets US dollar net longs fell to $3.0 billion from $6.6.billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 28. The decision by UK to…
GOLD Technical Analysis 04-07-2016 by PaxForex GOLD - bulish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 1600 points Source: www.paxforex.com
Economic Events This Week 04-07-2016 by xCFD   The key report this week is the June employment report on Friday.Other key indicators include the June ISM non-manufacturing index, and the May trade deficit.Also the quarterly Reis surveys for office, apartment and malls will be released this week.Monday, July 4th All…
US stock exchanges closed due to holiday 04-07-2016 by IFC Markets US stocks edged up on Monday for the 4th straight time on strong manufacturing production for June. ISM Manufacturing rose to the highest since last February at 53.2. Weekly increase of S&P 500 was the record high since last…
Monday, 04 July 2016 08:07

Gold hits 1350 as expected

Gold hits 1350 as expected Daily Forex Market Preview, 04/07/2016 Gold prices rallied early today testing the 1350 resistance as noted over the past few days. Further upside is likely to continue if price clears the 1350 handle which could keep gold testing 1371.90. EURUSD is also inching higher having…
Wave analysis and forecast for 01.07.2016 – 08.07.2016 by LiteForex   EUR/USD: Wave analysis and forecast for 01.07 – 08.07: The pair is likely to grow. Estimated pivot point is at the level of 1.1020. Our opinion: Buy the pair from correction above the level of 1.1020 with the target…

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