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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…
Analysis on Walmart 23/05/2017 by PaxForex   Walmart - chart may continue growing; Outlook: the Bullish trend with the prospect of profits more than 150points per week;   Source: www.paxforex.com    
U.S. Economic Recovery Is Ending? Continue Shorting Dollar? Historical data shows the current stretch of U.S. recovery could walk into the end, short USD/JPY? How low the U.S. dollar will go? Dollar has fallen steadily as the administration endured a series of legislative and legal setbacks, and fell sharply this week after revelations that Mr Trump pressed James Comey, the FBI director, to drop the Russia probe. USD fell to near a six-month low during Friday’s overnight session and it suffered its worst week in more than a year, wiping out all its gains since Donald Trump was elected US…
EURUSD Technical Analysis 22.05.2017 by Grand Capital   The pair is trading higher than 1.1170. It is supported by a local weakness of the US dollar, which is formed amid the political scandals around D. Trump. But we must admit that from the technical standpoint, the pair is strongly overbought and if the markets become calmer and/or positive economic data is released, it will push the pair downwards. The price is higher than the middle Bollinger band, lower than SMA5, but higher than SMA14. RSI is moving horizontally under the overbought level. Stoch has left the overbought zone and falling.…
Analysis on USDPLN 22/05/2017 by PaxForex   USDPLN - bearish model: pair, ready to continue falling; Outlook: the Downward trend with the prospect of profits more than 700 points per week;   Source: www.paxforex.com
Technical Analysis – GBPUSD maintains bullish bias; needs daily close above 1.30 Posted on May 18, 2017 at 8:41 am GMT by the XM Investment Research Desk   GBPUSD is neutral in the near term after the recent sharp rally from the 1.2600 area is taking a pause and the market is consolidating gains around 1.2900. The 1.300 level has proven to be strong resistance as prices failed to cross this barrier after coming close to it a few times this month. Upside momentum faded at the end of April to early May and RSI reached overbought territory at 70,…
EURUSD Technical Analysis 18.05.2017 by Grand Capital   The pair is trading lower than 1.1160 after a surge that happened amid the political crisis in the US. If the situation keeps evolving in this direction, there is a possibility that the pair will continue rising, but if the tensions weaken, it may lead to a strong correction amid the pair being severely overbought. The price is higher than the middle Bollinger band, lower than SМА 5, but higher than SMA 14. RSI resides in the overbought zone. Stoch are also there.     Trading recommendations: Sell the pair if it…
Analysis on GOLD 18/05/2017 by PaxForex   GOLD - bullish model: currency pair may continue growing; Outlook: the Upward trend with the prospect of profits over 2300 pips per week;   Source: www.paxforex.com
Weekly Market Research 15/05/2017   Softer Dollar Seen Amid Potential Strong Euro Data Softer U.S. data may prompt USD/JPY to drop below 113, good time to short?   U.S. dollar downside risks seen increasing after soft inflationDollar index fell below its 200-day moving average during Friday’s overnight session and US 10-year Treasury yields edged lower after slower U.S. inflation and disappointing retail sales growth weighted on pace of Fed’s rate hikes expectations this year. Together with softer China PPI data released last week, we think the global inflation growth faces the risk of slowing down. Inflation in world largest economy…
EURUSD Technical Analysis 12.05.2017 by Grand Capital The pair remains in a short-term uptrend, but despite that, we expect it to continue falling down to the lower border. If the data on the US inflation is not worse than expected or even higher, the pair may breach the strong support level and go lower. The price is lower than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides lower than 50% level and moving horizontally. Stoch are trying to rise. Trading recommendations:Our prognosis remains unchanged. Beaching of the 1.10850 level will cause a local fall to 1.0775 with…

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