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Technical Analysis #C-CORN : 14/04/2017 by IFC Markets   Wet weather supports corn prices Corn prices advance as rains delay sowing in Midwest. Will the price of corn continue rising? Rains are causing delays to early sowings of corn in the Midwest, which is bullish for corn prices. Wet weather is expected in the next two weeks also, though delays from mid-May, which is the mid-point of planting, will be more harmful. At the same time weakening of the dollar is another bullish factor for corn prices as cheaper dollar makes corn more affordable for users of other currencies. On…
EURUSD Technical Analysis 14.04.2017 by Grand Capital   The major world financial markets are closed today due to the Good Friday. Hence, we are not expecting any significant changes. The price is at the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under the 50% level and moving horizontally. Stoch are also in the oversold zone.   Trading recommendations:It is not advised to open positions today. However we assume that on Monday the pair will remain within the 1.0565-1.0675 range if nothing major happens during the weekend.   Source: https://grandcapital.net
Technical Analysis – AUDUSD surges above 200-day moving average; records 9-day high Posted on April 13, 2017 at 7:21 am GMT by the XM Investment Research Desk   AUDUSD gained approximately 1% since the day’s open as it rose above the 200-day moving average (MA), setting a nine-day high. The RSI is theoretically neutral at 50 but steeply rose from bearish territory to reach its current level. As regards the stochastics, the %K line is in bullish territory -though not far above its neutral level- and above the slow %D line. Both indicators underlie the strong upside momentum currently in…
Technical Analysis – USDCAD downfall continues; pair posts 2-week low Posted on April 13, 2017 at 10:26 am GMT by the XM Investment Research Desk   USDCAD is on its sixth straight day of declines, recording a more than two-week low during today’s trading as well. The pair is currently eyeing the 200-day moving average while yesterday it fell below the 50-day one. Adding to the bearish short-term bias is the RSI indicator, which rapidly fell to a level well below the 50 neutral mark at 38. Moreover, looking at the stochastics, the %K line dipped below the slow %D…
Thursday, 13 April 2017 11:27

US dollar hit by Trump's comments

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US dollar hit by Trump's comments Daily Forex Market Preview, 13/04/2017   The U.S. dollar fell sharply across the board yesterday after the U.S. President Trump in an interview with the Wall Street Journal gave his views on the U.S. dollar. Trump said that the U.S. dollar was "getting too strong" and said that his administration would not label China as a currency manipulator. During the interview, Trump also said that he preferred a low interest rate policy. The comments by the President sent the U.S. dollar falling to a one-month low as the U.S. dollar index futures settled at…
Technical Analysis FR40 : 13/04/2017 by IFC Markets   Improving global growth prospect is bullish for French economy Improving global growth prospect is bullish for French economy. Will FR 40 continue rising? French economy accelerated in the last quarter of 2016 as the Q4 GDP grew 0.4% over quarter after 0.3% growth in third quarter. The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 55.9 in February to 56.8 in March, with Services PMI reaching 57.5 from 56.4 in the previous month. Services account for 79% of economy. At the same time both the trade balance deficit and the…
EURUSD Technical Analysis 13.04.2017 by Grand Capital   The pair is traded below the 1.0680 level. From a technical standpoint, the pair is overbought and has all chances to locally turn downwards, it it fails to breach this point. The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides above the 50% level and turning downwards. Stoch are already in the overbought zone.     Trading recommendations: Sell the pair, considering its probable fall to 1.0600.   Source: https://grandcapital.net
McDonalds Technical Analysis 12/04/2017 by PaxForex McDonalds - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 200 points   Source: www.paxforex.com  
Technical Analysis – USDJPY increases bearish bias after break below 110 Posted on April 12, 2017 at 8:15 am GMT by the XM Investment Research Desk   USDJPY  has fallen below the key 110 level, increasing the bearish bias. Following Tuesday’s break below 110, the pair extended losses today and is currently challenging an important support area provided by a Fibonacci level at 109.36. This is the 50% retracement of the upleg from 100 to 118.6 (September to December). The 200-day moving average around 108.80 is now a target if there is increased downside momentum. RSI has been little changed…
Geopolitical concerns weigh on market sentiment by IFC markets 12/4/2017   US stocks inch lower as Trump tweets US will solve North Korea “problem” US stocks closed lower on Tuesday as investors shied away from risky assets with no resolution in rising geopolitical tensions over North Korea and Syria in sight. The dollar continued weakening : 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, ended 0.3% lower at 100.706. Dow Jones industrial average slipped less than 0.1% to 20651.44. The S&P 500 declined 0.1% settling…
EURUSD Technical Analysis 12.04.2017 by Grand Capital The pair is stuck inside the 1.0565-1.0650 range and may stay there till the presidential elections in France. The probability of a further fall still exists and may be triggered by the difference in the ECB and Fed.'s monetary policies. The price is lower than the middle Bollinger band, lower than SMA5, but higher than SMA14. RSI resides under 50% level and moving horizontally. Stoch are falling. Trading recommendations:Sell the pair on its fall lower than 1.0565 with a probable target of 1.0500.   Source: https://grandcapital.net  
Wednesday, 12 April 2017 09:25

Gold and yen maintain gains. BoC meeting eyed

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Gold and yen maintain gains. BoC meeting eyed Daily Forex Market Preview, 12/04/2017   The U.S. dollar remained mixed but was seen trading weaker against the safe haven gold and the Japanese yen, while the AUD and NZD remained week in a strong risk aversion in the markets. The British pound managed to make some strong gains on the back of a modestly better than expected inflation report. However, today's unemployment report will be crucial as a failure for the wages to catch up with inflation could potentially spell downside risks for the UK's economy. BoE Governor, Mark Carney is…
Technical Analysis – US 30 stock index still consolidating, moves into cloud Posted on April 11, 2017 at 10:59 am GMT by the XM Investment Research Desk   The US 30 stock index has been consolidating since hitting an all-time peak of 21170.40 on March 1. Prices have consequently entered the Ichimoku cloud and this underlines the neutral bias in the near term. RSI is also painting a neutral picture as it has been hovering around the 50 level since late March. The longer-term outlook remains bullish given the positively aligned and upward trending 50- and 200-day moving averages (MA).…
Technical Analysis – EURCAD increasingly bearish below 200-day moving average Posted on April 11, 2017 at 12:57 pm GMT by the XM Investment Research Desk   EURCAD has been broadly moving lower since early this year. Prices have been challenging the 200-day moving average (MA) and after several attempts to cross above it, they quickly fell back below it. The latest rise above the moving average took prices to the key 1.4600 level which proved to be strong resistance and brought on a reversal back below the 200-day MA. The short-term bias has turned increasingly bearish after falling below the…
USDJPY Technical Analysis 11/04/2017 by PaxForex USDJPY - Bearish model: pair, ready to continue falling Outlook: the downward trend with the prospect of profits more than 110 points   Source: www.paxforex.com  

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