AUDUSD Forecast July 7, 2017, Technical Analysis
The Australian dollar went sideways and a very choppy session on Thursday, finding resistance just above the 0.76 handle.
ETF
DAX: Stocks Rebound After Big Sell-Off
After yesterday’s big sell-off, European equities have bounced back and US index futures point to a higher open on Wall Street.
GBPUSD Countertrend Play Jun 30, 2017
The ascending channel on Cable’s daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area.
EURUSD Forecast June 29, 2017, Technical Analysis
The EURUSD pair initially tried to rally during the session on Wednesday, but then fell significantly towards the 1.13 level below.
AUDUSD Forecast June 29, 2017, Technical Analysis
The AUDUSD pair initially tried to rally on Wednesday, but found enough resistance near the 0.7625 handle to turn around and drop towards the 0.7580 level.
Crude Up For Fifth Day Ahead Of US Oil Inventories
Believe it or not, crude oil is actually up for the fifth consecutive day now. Despite on-going bearish news flow and downbeat sentiment, oil prices appear stable ahead of the official US weekly crude inventories data from the Energy Information Administration (EIA) later this afternoon.
GBPUSD Forecast June 28, 2017, Technical Analysis
The British pound initially went sideways during the day on Tuesday, and then broke higher, reaching towards the 1.2775 level. Above there, I think the 1.28 level offered resistance, so if we can break above there I think that the market could then go to the 1.30 handle.
Threat Of Deflation Gone: Draghi Sends Euro Surging
While it may be a quiet day for macroeconomic data, it hasn’t been the case for the markets. Stocks fell sharply at the London open, before paring back their losses sharply, while gold has managed to hold onto its gains after its suspicious-looking drop on Monday.
GBPUSD Forecast June 27, 2017, Technical Analysis
The British pound gapped higher at the open on Monday, and then reached to the 1.2750 level.
AUDUSD Forecast June 27, 2017, Technical Analysis
The AUDUSD pair rallied a bit during the day, but then pulled back on Monday, testing the 0.7560 level.