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    Default TECHNICAL UPDATE 15th JUNE

    Daily Market News by Xtreamforex.com
    EUR/USD

    EUR/USD bounced up from the key level of 1.21. USD’s next support zone is at 1.19700 and thus the subsequent resistance zone is at 1.21500. look for selling opportunities of EUR/USD. The EUR/USD pair is marginally higher at the beginning of the week, trading above the 1.2100 thresholds. The EUR/USD pair has limited bullish potential, according to intraday technical readings. The 4-hour chart shows that the pair keeps developing below all of its moving averages. retracement ratio at 1.1986, and therefore the H1 chart showing signs of demand for lower prices before resistance at 1.2132, retesting 1.21 is feasible, from a short-term technical standpoint.

    GBP/USD

    Recently, GBP/USD did not break below the key level of 1.41. Earlier today, UK Prime Minister Boris Johnson delayed the lockdown lifting by four weeks to 19 July. The UK employment data are going to be released later at 1400 (GMT+8). Average Earnings Index 3m/y (Forecast: 4.9%, Previous: 4.0%) Claimant Count Change (Forecast: 25.0K, Previous: -15.1K) Unemployment Rate (Forecast: 4.7%, Previous: 4.8%) Bank of England Governor Bailey are going to be speaking later in 2015 (GMT+8). During this point, there could also be volatility in GBP. Currently, GBP/USD is hovering above the key level of 1.41. Its next support zone is at 1.40000 and therefore the next resistance zone is at 1.43500. Look for short-term selling opportunities of GBP/USD if it breaks below the key level of 1.41.

    USD/CAD

    The Canadian Housing Starts data (Forecast: 271K, Previous: 269K) are getting to be released later in 2015 (GMT+8). USD/CAD’s next support zone is at 1.21000 and thus subsequent resistance zone is at 1.22400. USD/CAD fades late Monday’s bounce off 1.2128 amid Tuesday’s sluggish Asian session. The Loonie pair drops to the intraday low of 1.2137, down 0.05%, during the two-day pullback from the monthly high, flashed on Friday. Though, USD/CAD bulls need a sustained break of 1.2150 to once aim for one-month-old horizontal resistance surrounding 1.2180. during a case where the pair rises past-1.2180, the 1.2200 thresholds and thus the mid-May high near 1.2205 may test the upside momentum before accelerating the run-up towards April’s low near 1.2265. search for buying opportunities of USD/CAD.

    AUD/USD

    Recently, AUD/USD bounced up from the key level of 0.77. The Federal Reserve Bank of Australia (RBA) is going to be releasing the minutes for the previous monetary policy meeting later at 0930 (GMT+8). AUD/USD’s next support zone is at 0.75500 and therefore the next resistance zone is at 0.78000.
    Look for buying opportunities of AUD/USD. AUD/USD remains on the rear foot, down 0.08% while refreshing intraday low to 0.7705, after the RBA minutes reiterate policymakers’ cautious mood during early Tuesday. The Australian dollar has been struggling against the US Dollar lately, riding a trendline from the May swing high lower after briefly surging above the previous resistance level.

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    Default Technical Market Analysis 16th June

    EUR/USD

    Generally, EUR/USD is running across. As of late, EUR/USD bobbed off the opposition zone of 1.21500. EUR/USD’s next support zone is at 1.19700 and the following obstruction zone is at 1.21500. Search for momentary selling chances of EUR/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8). The EUR/USD pair exchanges at everyday lows, a couple of pips over the 1.2100 imprint. The close term picture is bearish. The 4-hour outline shows that the pair withdrew from around a bearish 20 SMA, which heads solidly lower underneath the more extended ones.

    GBP/USD

    As of late, GBP/USD broke underneath the critical degree of 1.41. The UK business information delivered yesterday demonstrated a general inspirational perspective in the UK occupations market. The number of individuals guaranteeing joblessness benefits declined rather than a normal increment. As of now, GBP/USD is climbing towards a vital degree of 1.41. Its next help zone is at 1.40000 and the following obstruction zone is at 1.43500. Search for transient selling chances of GBP/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8). While the currency pair stumbled over the 200 Simple Moving Average on the four-hour diagram, energy is just barely to the disadvantage. Bears are in the number one spot, however, bulls may in any case give a battle.

    USD/CAD

    Generally speaking, USD/CAD is moving upwards. As of late, USD/CAD moved up and bobbed down from the vital degree of 1.22. The Canadian Housing Starts information (Actual: 276K, Forecast: 271K, Previous: 267K amended from 269K) delivered yesterday demonstrated an increment in the number of private structures that started development in May.
    Bank of Canada Governor Macklem will be talking tomorrow at 0645 (GMT+8). During this time, there might be unpredictability in CAD.

    USD/CAD’s next to help zone is at 1.21000 and the following opposition zone is at 1.22400. Search for transient purchasing chances of USD/CAD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8).

    AUD/USD

    Generally speaking, AUD/USD is going across. As of late, AUD/USD broke underneath the vital level of 0.77.
    The Reserve Bank of Australia Governor Lowe will be talking tomorrow at 0810 (GMT+8). During this time, there might be instability in AUD.
    The Australian work information will be delivered tomorrow at 0930 (GMT+8). AUD/USD’s next support zone is at 0.75500 and the following obstruction zone is at 0.78000. Search for transient selling chances of AUD/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8).

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    Default Technical update 21th june

    EUR/USD

    In general, EUR/USD is moving downwards. As of late, EUR/USD broke beneath the critical resistance of 1.19.
    European Central Bank President Lagarde will be talking later in 2030 (GMT+8).
    Likewise, she will affirm before the European Parliament Economic and Monetary Affairs Committee at 2215 (GMT+8). During these occasions, there might be unpredictability in EUR.
    EUR/USD’s next support zone is at 1.17900 and the following opposition zone is at 1.19700. Search for selling chances of EUR/USD. Specialized pointers keep up their bearish slants inside oversold readings. The close term picture is likewise bearish, as per the 4-hour graph, notwithstanding a few indications of weariness during outrageous oversold conditions. A pullback towards the 1.1920 value zone is conceivable, even though as long as it holds underneath it, the danger stays slanted to the disadvantage.

    GBP/USD

    A reasonable disadvantage break of the 100-day EMA and a climbing pattern line from December 2020, separately around 1.3900 and 1.3985, coordinates GBP/USD towards late January 2021 tops encompassing 1.3760. As of late, GBP/USD moved down into the support zone of 1.38000.
    The UK Retail Sales m/m information (Actual: – 1.4%, Forecast: 1.5%, Previous: 9.2%) delivered last Friday showed a decrease in customer spending in May.
    Search for selling chances of GBP/USD on the off chance that it breaks the help zone of 1.38000.

    USD/JPY

    USD/JPY keeps on moving the vertical way, a pattern set in the second seven-day stretch of June. After making a low at 107.47 in late April, the pair is rising consistently with YTD in the center. Yen limits misfortunes on its place of refuge claim regardless of BOJ no show. Generally, USD/JPY is moving upwards.
    During their money-related approach meeting last Friday, the Bank of Japan (BoJ) held financial arrangements unaltered. Also, the national bank has broadened its pandemic-help program by a half year to offer monetary help to firms.
    USD/JPY’s next support zone is at 108.500 and the following resistance zone is at 110.800.
    Search for transient buying chances of USD/JPY.

    AUD/USD

    Generally, AUD/USD is moving downwards. As of late, AUD/USD broke the help zone of 0.75500.

    The Australian Retail Sales m/m information (Forecast: TBA. Past: 1.1%) will be delivered later at 0930 (GMT+8).

    Presently, AUD/USD is trying to break over the vital degree of 0.75. Its next help zone is at 0.73900 and the following opposition zone is at 0. 75500.

    Search for selling chances of AUD/USD if it neglects to break over the critical degree of 0.75. the past support line from December around 0.7580, confines momentary AUD/USD potential gain, which thusly keeps the bear coordinated to August 2020 top close to 0.7420-15.

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    Default TECHNICAL MARKET ANALYSIS 22th JUNE

    EUR/USD

    Generally speaking, EUR/USD is moving downwards. The eurozone Consumer Confidence information will be delivered later at 2200 (GMT+8).
    EUR/USD’s next support zone is at 1.17900 and the following opposition zone is at 1.19700. Search for momentary selling chances of EUR/USD. EUR/USD blurs recuperation from early April around 1.1920 during the underlying Asian meeting on Tuesday. In never helping to off a two-month low, the cash-significant pair snapped a three-day losing streak, additionally posted the heaviest increases since late May, the earlier day.

    GBP/USD

    In general, GBP/USD is moving downwards. As of late, GBP/USD bounced off the support zone of 1.38000. At present, GBP/USD is moving towards the vital resistance of 1.39. Its next help zone is at 1.38000 and the following opposition zone is at 1.40000.
    Search for momentary buying chances of GBP/USD. Authentic arranged a bounce back off mid-April 2021 lows at 1.37844 to 1.3930 NY close. The British Pound had drooped from a high keep going week at 1.4185 on expansive based USD strength following the FOMC declaration. GBP/USD hit an overnight high at 1.39368.

    USD/CAD

    USD/CAD edges higher in the Asian exchanging hours The pair rose close to the multi-month high on Monday, in any case, neglected to support the increases. At the hour of writing, USD/CAD exchanges at 1.2375, up 0.12% for the afternoon. Generally speaking, USD/CAD is moving upwards. As of late, USD/CAD moved into the help zone of 1.23800.
    As of now, USD/CAD is trying the help zone of 1.23800 and the following obstruction zone is at 1.26100.
    Search for purchasing chances of USD/CAD if it bounces off the support zone of 1.23800.

    AUD/USD

    AUD/USD revives intraday low close 0.7520, down 0.11% on a day, while solidifying the earlier day’s benefits amid Tuesday’s Asian meeting. In doing as such, the statement legitimizes the keep going week’s bearish force on the break of the 200-day SMA (DMA). Generally speaking, AUD/USD is moving downwards. As of late, AUD/USD moved into the resistance zone of 0.75500. Right now, AUD/USD is trying to break the opposition zone of 0.75500 and the following support zone is at 0.73900.

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    Default EUR/USD: Prints bearish banner on 4H above 1.1900

    Generally, EUR/USD is moving downwards. As of late, EUR/USD skipped off the resistance zone of 1.19700. The EUR/USD pair is somewhat bullish in the close term.
    The French glimmer PMI information delivered yesterday demonstrated the extension of business exercises in the midst of the lifting of lockdown limitations, permitting financial recuperation to be more maintainable. Right now, EUR/USD is moving towards the resistance zone of 1.19700 and the following support zone is at 1.17900. Search for selling chances of EUR/USD in the event that it dismisses the opposition zone of 1.19700. The EUR/USD pair exchanges around 1.1950, recuperating from an intraday low of 1.1911. As it has been occurring since the time the week began, the greenback discovered interest during Asian exchanging hours, however, shifted direction after London’s opening.

    GBP/USD jabs intraday high during the four-day upturn.

    GBP/USD jabs intraday high during the four-day upturn. Generally, GBP/USD is moving downwards. As of late, GBP/USD bobbed off the resistance zone of 1.40000.

    The UK streak PMI information delivered yesterday showed proceeded with development in the assembling area while a slight log jam in the administration area was reasonable because of the augmentation of COVID limitations into July. At present, GBP/USD is moving towards the opposition zone of 1.40000 and the following support zone is at 1.38000. In the event that the BoE conveys any hawkish tone, for example, saying that it is hoping to tighten QE, search for momentary purchasing chances of GBP/USD after it breaks the resistance zone of 1.40000.

    USD/CAD battles to broaden recuperation from the week-by-week base.

    Generally, USD/CAD is moving upwards. As of late, USD/CAD bobbed off the support zone of 1.22400. USD/CAD invigorates intraday low to 1.2300 amid a dull Asian meeting on Thursday morning. The Loonie pair stayed unaltered the earlier day as bulls and bears bump amid blended concerns.
    The Canadian retail deals information delivered yesterday demonstrated a decrease in buyer spending in April because of the third floor of the pandemic. At present, USD/CAD is trying to break over the vital resistance of 1.23. Its next help zone is at 1.22400 and the following opposition zone is at 1.23800. Search for momentary selling chances of USD/CAD on the off chance that it bobs down from the vital degree of 1.23.

    USD/JPY comes up short on the break over 2021 high

    In general, USD/JPY is moving upwards.
    Presently, USD/JPY is trying the resistance zone of 110.800 and the following support zone is at 108.500.
    Search for purchasing chances of USD/JPY on the off chance that it breaks the opposition zone of 110.800. USD/JPY broadens the past meeting’s benefits in the underlying Asian exchanging hours. The pair builds up speed and revives the YTD highs close to the 111.11 imprints. The solid US dollar adds to the potential gain force in the pair. The USD/JPY pair is bullish in the close term. The 4-hour diagram shows that specialized markers head solidly higher inside overbought readings, without indications of up fatigue. In the meantime, the pair continues progressing most importantly of its moving midpoints, which acquire a bullish foothold. The development is set to speed up on a break above 111.20, the quick help level.

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    Default Xtreamforex Asia FX news wrap: USD/JPY higher into the Tokyo fix then drift back

    USD/JPY was taken higher into the Tokyo fix today, with market highs falling barely short of 111.00. Since the fixing, the rate has floated a couple of focuses lower. Generally, the reach has been little.
    EUR/USD has additionally seen a little move to the potential gain (and a little reach), exchanging to around 1.1945. The solitary two things of information on note out of Europe were: 1 the EU dismissal of the highest point with Putin, which had been a French/German proposition. These enormous two are not regularly crushed on issues when joined, yet they lost this one. What’s more, 2, Germany’s economy serves estimate a goal of duty issues with the US on steel and aluminum before the year’s over.
    From the US we had further rhythmic movements on the framework ‘bargain’, with Senate minority pioneer McConnell saying he was negative on its odds. AUD, NZD, CAD are all together up little against the enormous dollar, as is GBP. The information stream was non-significant.

    EUR/USD: Weekly danger inversion focuses on most grounded print in seven months

    Generally speaking, EUR/USD is moving downwards. As of late, EUR/USD bobbed off the resistance zone of 1.19700. Mid-week exchanging noticed transient streams warmly greet support at $1.1924, and presented request at $1.1895-1.1911 (a significant choice point enveloping $1.19). Specialized eyes will take note of the 100-time frame straightforward moving normal is orbiting nearby at $1.1914. EUR/USD choices market turns the most hopeful since November 2020 as the week after week check of bullish wagers (call alternatives) over put choices (bearish wagers), known as hazard inversion (RR), leaps to the most noteworthy in seven months. EUR/USD’s next support zone is at 1.17900 and the following opposition zone is at 1.19700. Search for selling chances of EUR/USD.

    GBP/USD stays cripple resulting in snapping a three-day rise on BOE.

    Generally, GBP/USD is moving downwards. As of late, GBP/USD bobbed off the resistance zone of 1.40000.
    During the money-related arrangement meeting yesterday, the Bank of England (BoE) held financial strategy unaltered. This prompted a slight frustration as the market was anticipating that the central bank should send out a hawkish vibe on QE tightening. GBP/USD clutches the earlier day’s shortcoming while at the same time facilitating to 1.3919 during a languid Asian meeting on Friday. GBP/USD’s next support zone is at 1.38000 and the following opposition zone is at 1.40000.
    Search for momentary selling chances of GBP/USD solely after it breaks beneath the critical degree of 1.39.

    USD/JPY stops acquire close to 111.00 posts blended US information

    Generally, USD/JPY is moving upwards. The USD/JPY pair is bullish in the close term. The 4-hour graph shows that specialized pointers head solidly higher inside overbought readings, without indications of up fatigue. In the meantime, the pair continues progressing most importantly of its moving midpoints, which acquire a bullish foothold. The development is set to speed up on a break above 111.20, the quick help level. At this moment, USD/JPY is attempting the resistance zone of 110.800 and the accompanying support zone is at 108.500. Search for purchasing chances of USD/JPY on the off chance that it breaks the resistance zone of 110.800.

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    Default Xtream Forex news wrap: Mixed bag but the USD generally a touch stronger

    Blended outcomes across major FX rates today yet described in a rundown by a marginally more grounded US dollar on somewhat firmer US yields.
    The early exchange saw link acquire some ground and the AUD uneven yet bring down a couple of focuses. As the Asian morning advanced the USD exchanged a touch more grounded, EUR/USD dropped towards 1.1920 and us CHF rose to hit around 0.9190. USD/JPY then again is a little lower following early highs close 110.85. AUD and NZD have been sensibly strong, not changed much at all against the enormous dollar. Gold lost ground. Talking about the end of the week, UK specialists fixed crypto rules, disallowing famous exchange stage Binance from working in numerous administrations in the country. BTC/USD plunged towards $30K however recuperated and popped higher, almost arriving at $35K in the first part of the day here.

    EUR/USD: Friday’s tombstone Doji keeps dealers cheerful above 1.1900

    After pointedly liking following the US Federal Reserve declaration, the greenback revised lower this previous week. The EUR/USD pair recuperated from a two-month low of 1.1846, to settle at the 1.1960 value zone, missing the mark concerning losing its bearish potential. Generally speaking, EUR/USD is moving downwards. EUR/USD’s next support zone is at 1.18500 and the following opposition zone is at 1.20000. Search for selling chances of EUR/USD. The EUR/USD pair settled a modest bunch of pips over the 61.8% retracement of the March/May mobilize at around 1.1920. The everyday outline shows that the danger is slanted to the disadvantage, as the pair is creating underneath the entirety of its moving midpoints.

    GBP/USD: Options market snaps fourteen-day downtrend

    The GBP/USD has broken under an ascendant pattern line coming from 1.2075, the low from May 17, presently at around 1.3950. Generally speaking, GBP/USD is moving downwards. As of late, GBP/USD broke underneath the vital degree of 1.39.
    Bank of England MPC part Haldane will be talking later at 2000 (GMT+8). During this time, there might be instability in GBP.
    Right now, GBP/USD is moving towards the critical degree of 1.39. Its next help zone is at 1.38000 and the following opposition zone is at 1.40000.
    Search for momentary selling chances of GBP/USD on the off chance that it bobs off the vital degree of 1.39.

    USD/CAD coordinates momentary help break towards 100-SMA

    Generally, USD/CAD is moving upwards.
    USD/CAD’s next support zone is at 1.22600 and the following opposition zone is at 1.24800.
    Search for purchasing chances of USD/CAD.USD/CAD expands pullback from the two-month top, streaked last week, regardless of the new skip off intraday low of 1.2289 to 1.2296 during early Monday. In doing as such, the Loonie pair stays under a fourteen-day-old support line.
    The USD/CAD had its greatest week since the pandemic frenzy last March sent the pair momentarily above 1.4600.

    NZD/USD Price Analysis: Bears arranging from a week-by-week and everyday point of view

    NZD/USD bulls are in control however could be going into the bear’s layer at this crossroads. Generally speaking, NZD/USD is moving downwards.
    Right now, NZD/USD is moving towards the opposition zone of 0.71000 and the following help zone is at 0.69500.
    Search for transient selling chances of NZD/USD if it ricochets off the opposition zone of 0.71000. Regardless of whether it be anywhere, the market could well converse at this crossroads and give a drawback opportunity in an expansion of the bearish drive.
    All things considered, on the off chance that these designs are broken to the potential gain, the bulls will be back in play.

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    Default EUR/USD wobbles in a rough reach above 1.1900

    Generally, EUR/USD is moving downwards. As of late, EUR/USD ricocheted up from the vital degree of 1.19.
    The German Preliminary CPI m/m information (Forecast: 0.4%, Previous: 0.5%) will be delivered today at provisional planning.
    European Central Bank President Lagarde will be talking later at 2140 (GMT+8). During this time, there might be unpredictability in EUR.
    EUR/USD’s next support zone is at 1.18500 and the following resistance zone is at 1.20000. The EUR/USD pair continues to exchange around the 61.8% retracement of its March/May mobilize, with an impartial to-bearish position in the close term. The 4-hour outline shows that the pair stayed under a level 20 SMA.
    Search for selling chances of EUR/USD solely after it breaks beneath the critical resistance of 1.19.

    GBP/USD stays discouraged underneath 1.3900 on blended Brexit, Coronavirus concerns

    Generally, GBP/USD is moving downwards. The GBP/USD pair progressed to an intraday high of 1.3939, managing gains in front of the near finish the day unaltered around 1.3880. The pair shed ground in front of Wall Street’s opening on reestablished dollar’s interest, filled by higher US government security yields. Yields withdrew and interest for the greenback subsided, however, GBP/USD couldn’t skip.
    GBP/USD’s next support zone is at 1.38000 and the following resistance zone is at 1.40000. Specialized markers remain inside regrettable levels, without clear directional strength however keeping up the danger slanted to the disadvantage. The droop will probably speed up on a break underneath 1.3840, the quick support level. Search for transient selling chances of GBP/USD.

    USD/CAD purchasers assault the upper finish of a prompt trading range

    USD/CAD is moving upwards. As of late, USD/CAD broke over the vital resistance of 1.23. USD/CAD’s next support zone is at 1.22600 and the following resistance zone is at 1.24800. Search for buying chances of USD/CAD. Consequently, USD/CAD is good to go to defy the 1.2351-65 resistance region yet a breakout appears to be troublesome thereafter. If at all the bulls figure out how to cross the 1.2365, a slipping opposition line from January 28, close 1.2465, will be in the center. Generally speaking, USD/CAD recovers potential gain force however bulls have an uneven street toward the north.

    AUD/USD bears looking for a bearish design on the lower periods for a day-by-day drawback expansion

    Generally, AUD/USD is moving downwards. As of late, AUD/USD skipped down from the critical resistance of 0.76. AUD/USD stays under tension, heading towards 0.7560, as the Asian market disposition stays harsh. Notwithstanding the blended concerns and an absence of significant information/occasions, deteriorating (COVID-19) conditions in Australia called for new action limitations, insignificant parts and burdens the pair. While there are firmly bearish probabilities, particularly considering the week after week bearish outline designs, the month-to-month support can’t be disregarded. AUD/USD’s next support zone is at 0.75000 and the following resistance zone is at 0.76500. Search for selling chances of AUD/USD.

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    Default The EUR/USD bears are in charge and are looking for an everyday disadvantage expansio

    Generally, EUR/USD is moving downwards. As of late, EUR/USD broke beneath the vital resistance of 1.19. The German Preliminary CPI m/m information (Actual: 0.4%, Forecast: 0.4%, Previous: 0.5%) delivered yesterday showed proceeded with ascend in swelling in June yet at a somewhat lower rate than in May. The EUR/USD pair bobbed from the referenced everyday low however settled beneath the 1.1900 level, which favors a bearish continuation. The pair lined at 1.1846 last week, with an unmistakable break underneath the space opening the entryway for an augmentation toward the 2021 low at 1.1703. As of now, EUR/USD is trying to break over the critical degree of 1.19. Its next support zone is at 1.18500 and the following resistance zone is at 1.20000. Search for momentary selling chances of EUR/USD if it neglects to break over the critical resistance of 1.19.

    GBP/USD edges lower around the week after week base, stays coordinated to five-month-old support.

    The GBP/USD pair is ready to expand its decrease in the close term. The 4-hour talk shows that the 20 SMA heads solidly lower, at present at around 1.3880, underneath the more drawn-out moving midpoints, which additionally head south. Generally, GBP/USD is moving downwards. As of late, GBP/USD ricocheted off the help zone of 1.38000. The GBP/USD pair got back to its bearish way on Tuesday, finishing the day in the 1.3840 value zone after lining for the day at 1.3813. The slide was connected to the dollar’s interest instead of UK news.
    Bank of England MPC part Haldane will be talking later at 1900 (GMT+8). During this time, there might be instability in GBP.
    GBP/USD’s next support zone is at 1.38000 and the following resistance zone is at 1.40000. Search for transient buying chances of GBP/USD.

    USD/CAD seesaws around a week after week top following a two-day upswing.

    In general, USD/CAD is moving upwards. USD/CAD seesaws around week by week top following a two-day upswing. Hazard craving lessens in front of the day’s key information. Coronavirus, Fedspeak keep US dollar solid, WTI neglects to back the CAD bulls. Canadian GDP looked at. A day-by-day shutting past the 100-day SMA level of 1.2400 gets essential for USD/CAD bulls to focus on the five-month-old resistance line near 1.2465.
    The Canadian GDP m/m information (Forecast: – 0.8%, Previous: 1.1%) will be delivered later at 2030 (GMT+8). As of now, USD/CAD is trying to break over the vital resistance of 1.24. Its next support zone is at 1.22600 and the following resistance zone is at 1.24800. Search for transient buying chances of USD/CAD if it breaks over the vital resistance of 1.24.

    AUD/USD: Australian dollar recovery sways

    Generally speaking, AUD/USD is moving downwards. As of late, AUD/USD moved into the support zone of 0.75000. As of now, AUD/USD is trying the support zone of 0.75000 and the following resistance zone is at 0.76500. Search for transient selling chances of AUD/USD on the off chance that it breaks the support zone of 0.75000. The Australian dollar fell through exchange on Tuesday, floating toward 0.7510 notwithstanding a further developed interest for hazard and rising item costs. With little impetus for the AUD auction, we can just highlight expanding vulnerability encompassing the rise of the COVID-19 Delta variation, especially across Europe and developing business sectors. Despite the new devaluation, we consider the To be as on a very basic level underestimated and expect It will keep on beating moving into years end.

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    Default EUR/USD: Further drawback pivots upon 1.1845 break

    in ro ham eslah kon:
    Generally, EUR/USD is moving downwards. As of late, EUR/USD skipped down from the vital resistance of 1.19.
    The eurozone CPI streak gauge y/y information delivered yesterday showed a slight decrease in yearly swelling in June. European Central Bank President Lagarde will be talking later at 1500 (GMT+8). During this time, there might be instability in the euro. EUR/USD remains sidelined around 1.1855-60, having dropped to the key level help, in the midst of the early Asian meeting on Thursday. Month-to-month resistance line, 10-DMA watch prompts potential gain in the midst of bearish MACD. Merchants may focus on a yearly low. Presently, EUR/USD is trying the support zone of 1.18500 and the following resistance zone is at 1.20000. Search for transient selling chances of EUR/USD in the event that it breaks the support zone of 1.18500.

    GBP/USD: Off week after week support above 1.3800 however not out of woods

    Generally, GBP/USD is moving downwards.
    Bank of England Governor Bailey will be talking later at 1600 (GMT+8) and 1700 (GMT+8). During these occasions, there might be volatility in GBP. GBP/USD battles to protect the ricochet off week after week low. Four-month-old level region confines quick drawback, month to month opposition line tests restorative pullback. At present, GBP/USD is moving towards the support zone of 1.38000 and the following resistance zone is at 1.40000. The GBP/USD exchanges around 1.3830, bouncing back from the 1.3800 regions. The outline shows the bearish predisposition still unblemished. A decrease back under 1.3800 should prompt a trial of last week’s low at 1.3780; whenever broken, a more extreme decay appears to be possible. Search for transient selling chances of GBP/USD on the off chance that it breaks the support zone of 1.38000.

    USD/CAD keeps afloat around 1.2400 as WTI bulls fight USD optimists.

    Generally speaking, USD/CAD is moving upwards.
    The Canadian GDP m/m information delivered yesterday demonstrated a decrease in financial development in April because of the reestablishment of lockdown measures trying to check the third rush of COVID-19.
    OPEC+ gatherings will be held today. During this time, there might be instability in CAD. Canadian banks will be shut today in recognition of Canada Day. Expect lower exchanging unpredictability and volume during the standard Canadian market hours. At present, USD/CAD is trying to break over the critical degree of 1.24. Its next support zone is at 1.22600 and the following resistance zone is at 1.24800. Search for momentary buying chances of USD/CAD on the off chance that it breaks over the critical resistance of 1.24.

    AUD/USD merchants assault intraday low during the four-day downtrend.

    Generally, AUD/USD is moving downwards. AUD/USD is exchanging under tension beneath 0.7500, solidifying in week-by-week lows amid hazard off state of mind and dreary Aussie exchange information. The Aussie pair’s most recent south-run could be connected to the (COVID-19) burdens in Australia just as the wide strength of the US dollar. AUD/USD takes offers around 0.7485, down 0.16% intraday, following the day’s key information discharge from Australia during early Thursday. In doing as such, the Aussie pair drops for the fourth continuous day, additionally examining the yearly base as the (COVID-19) back the pair dealers. Right now, AUD/USD is trying the support zone of 0.75000 and the following resistance zone is at 0.76500. Search for transient selling chances of AUD/USD on the off chance that it breaks the support zone of 0.75000.

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