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.
Strategies
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.
Google fined $2.7B by EU
FBN’s Cheryl Casone and Lauren Simonetti on EU’s record antitrust fine against Google.
GBPUSD Forecast June 19, 2017, Technical Analysis
The British pound rose slightly during the day on Friday, grinding towards the 1.28 handle. The 1.28 level is obviously offering a bit of resistance, but it appears that the market is stubbornly trying to break above there.
AUDUSD Forecast June 19, 2017, Technical Analysis
The Australian dollar shut higher initially during the day on Friday, but then pulled back to test the opening again, only to rally and reach towards the 0.7625 handle.
GBPUSD Could Drop Below 1.26 If BoE Is Dovish
The Bank of England’s Monetary Policy Committee is almost certain to keep interest rates unchanged today despite inflation rising well above its 2% target.