GBPUSD Daily Analysis – September 16, 2016
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
Strategies
AUDUSD Daily Analysis – September 16, 2016
AUDUSD is in consolidation of the downtrend from 0.7731.
GBPUSD BOE Holds Policy, Focus Turns To Key US Data
Following the recent improvement in UK data, the Bank of England was widely expected to sound a little more upbeat about the economic outlook with virtually no one forecasting any further easing of monetary policy.
AUDUSD Forecast September 15, 2016, Technical Analysis
The AUDUSD pair initially tried to fall, but then turned around to slam into the 0.75 level.
Crude Oil Struggles To Shake Off Oversupply Concerns
Oil prices have been extremely volatile of late, without making any significant progress in either direction. The long and short of it is that the stream of mostly negative news has helped to halt the recent rally, while ahead of this month’s informal meeting of the OPEC in Algeria not many people will want to be betting boldly on an oil price plunge. Therefore consolidation is the dominant theme in
IEA Revision Increases The Pressure On Oil
This morning’s IEA supply report has suggested demand would remains weak into 2017, and with a downward revision to its demand forecast, this has added a bearish tone to oil prices once again, with the WTI contract for October trading lower at $45.27 at time of writing. The IEA see the forecast for 2016 falling by 100k bpd to 1.3 mln bpd.
Silver Looks To The USD For Help
Yesterday was, once again, another negative day for silver, which continued lower for a fourth consecutive session, opening gapped down from Friday’s close before ending at $19.00 per ounce.
EURUSD Forecast September 13, 2016, Technical Analysis
The EURUSD pair went back and forth during the day on Monday, as we continue to try to find our footing in this market.
AUDUSD Forecast September 13, 2016 Technical Analysis
The Australian dollar initially fell during the course of the session on Monday, testing the 0.75 level.
King Dollar Set For A Rebound?
The dollar staged a broad-based rally on Thursday to make back some of the losses it had suffered earlier in the week which had been on the back of a poor ISM services PMI reading and last week’s disappointing jobs report.