EURUSD Forecast September 27, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the session on Monday, but turn right back around to reach higher.
Markets Start Last Week Of September On The Back Foot
It hasn’t been a great start for global equities in this last week of September, with European indices dropping between 1.0 to 1.5 per cent during Monday’s morning session, mirroring a similar performance in Chinese and Japanese markets overnight.
Gold Continues To Remain Rangebound
The technical support platform in the $1305 per ounce area came to the rescue of gold once again last week, with five consecutive days of gains, taking the precious metal from the gapped up open of Monday at $1313 per ounce to end the week at $1341.70 on the December contract.
GBPUSD Daily Analysis – September 26, 2016
GBPUSD’s downward movement from 1.3445 extended to as low as 1.2914.
EURUSD Daily Analysis – September 26, 2016
EURUSD is forming a sideways consolidation in a range between 1.1123 and 1.1326.
AUDUSD Daily Analysis – September 26, 2016
AUDUSD is testing the support of the price channel on 4-hour chart.
USDJPY Forecast September 26, 2016, Technical Analysis
The USDJPY pair went back and forth during the course of the session on Friday, ultimately settling on a neutral candle.
AUDUSD Forecast September 23, 2016, Technical Analysis
The Australian dollar initially rallied during the day on Thursday, but turned around to form a bit of a shooting star.
Saudi Oil Output Offer Report Lifts Brent For Fourth Day
Ahead of next week’s talks in Algeria, Reuters reported this morning that Saudi Arabia is apparently willing to reduce its oil output for as long as Iran agrees to freeze its production at current levels.
EURUSD FOMC Decision Won’t Necessarily Be A Binary Outcome For USD
Risk is on the menu at the start of this new week with stocks, crude oil and commodity currencies all climbing higher, while the dollar is easing back slightly after Friday’s rally.