EURUSD Forecast August 2, 2016, Technical Analysis
The EURUSD pair went back and forth during the course of the session on Monday, testing the 1.12 level for resistance.
Yen Index Rises After BOJ Disappoints
The Yen index continued to rise overnight as the markets absorbed news from the two day meeting of the Bank of Japan, with the general tone being one of disappointment, and the yen (FXY, quote) strengthening as a result.
Apple Will Cut No Investments In China Despite Sales Decline
Apple Inc., one of the world’s technological front-runners, may lose ground in China as its revenues and net profits have been declining.
EURUSD Forecast July 28, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the course of the session here on Wednesday, but turned around to form a slightly negative candle.
AUDUSD Forecast July 28, 2016, Technical Analysis
The Australian dollar initially rallied during the day on Wednesday, but found far too much in the way of resistance above and ended up turning back around and form a fairly negative candle.
Oil Remains Very Bearish Ahead Of Inventories
The longer term recovery for oil which peaked in the $52 per barrel area last month, is now reversing once more and picking up bearish momentum ahead of the weekly oil inventories due for release later today, as both the technical and fundamental picture help to drive prices lower once again.
IMF Prepares For Inclusion Of RMB In Its SDR Basket
The International Monetary Fund (IMF) on Monday announced its board decision to amend the rounding methodology for determining currency accounts in the Special Drawing Right (SDR) basket, in order to make technical preparations for the inclusion of the Chinese currency, Renminbi, in the SDR basket.
Cable Continues To Consolidate In A Narrow Range
Cable continued to consolidate last week in the after shock of Brexit, with the pair trading in a narrow range on the daily chart, and this continued at the start of this week’s trading keeping to a 70 pip range, and closing 9 pips lower off the open.
EURUSD Forecast July 26, 2016, Technical Analysis
The EURUSD pair initially fell during the day on Monday, but turned around to slam into the 1.10 level again.
AUDUSD Forecast July 26, 2016, Technical Analysis
The AUDUSD pair initially tried to rally during the day on Monday, but turned back around to form a bit of a shooting star.