posted by
GAINSY
3 days ago
in GBP, Technical, Daily
GBP/USD's fall from 1.5606 is still in progress and intraday bias remains on the downside for 1.5196 support. Break will confirm that corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.56
posted by
GAINSY
3 days ago
in USD, Technical, Daily
AUD/USD drops further to as low as 0.9876 so far today and intraday bias remains on the downside. AUD/USD is currently pressing the lower trend line support (now at 0.9880) and we'd be cautious on rebound from here. Though, as long as 1.0003 mino
posted by
GAINSY
3 days ago
in USD, Technical, Daily
Dollar extended recent rally together with US equities and treasury yields overnight and stayed firm in Asian session. DOW and S&P 500 jumped to new record high of 15215.25 and 1651.1 respectively. Asian equities followed with Nikkei breaking 150
posted by
FXTechstrategy
3 days ago
in EUR, Technical, Daily
EURUSD: With EUR taking out its support at the 1.2955 level to close lower on Tuesday and extending that weakness during early trading today, more decline is expected.
posted by
GAINSY
3 days ago
in Fundamental, Quarterly, GDP
The German economy expanded less than economists expected in the first quarter, as cold weather took its toll on Europe’s largest economy...
posted by
GAINSY
3 days ago
in Fundamental, Quarterly, Inflation
Traders are buckled up for some good news perhaps, a final presentation of the Bank of England's quarterly report on inflation for May to be delivered by the bank's outgoing governor Sir Mervyn King.
posted by
Chrystery316
3 days ago
in Daily
U.S. retail sales surprisingly rose in April, prompting forecasters including JPMorgan and Goldman Sachs to upgrade their second quarter growth forecasts.
posted by
xagusd
3 days ago
in Technical, Special, Oil
The market sentiment is bearish for Crude Oil. Detailed look into shorting CLM13 futures contract (Crude Oil Futures)
posted by
rahulx
3 days ago
in Technical, Daily
Indian Stock Market Closed Positive after choppy session. Broader NSE Index Nifty Closed at 5995.40, up 0.25% and BSE SENSEX ended at 19722.29, gain 0.16%.
posted by
princess
3 days ago
in Commentary
... seen in the British pound has been a bit overdone. After all, one of the main reasons that the currency did bounce was the simple fact that the United Kingdom had not reported a "triple dip recession." However, it barely produced any growth this ...
posted by
GAINSY
3 days ago
in EUR, Technical, Daily
EUR/USD: With 4 hours MACD crossed above signal line, a temporary low is formed at 1.2935 and intraday bias is turned neutral first. Some consolidation would be seen but risk will remain on the downside as long as 1.3194 resistance holds...
posted by
GAINSY
3 days ago
in GBP, Technical, Daily
GBP/USD: Intraday bias in GBP/USD remains on the downside for 1.5196 support. Break will confirm that corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. In such case, deeper fall sh