AUDUSD Forecast July 16, 2015, Technical Analysis
The AUDUSD pair fell during the course of the session on Wednesday, breaking to a fresh, new low.
Strategies
Gold Continues To Lose Its Shine
For gold investors and gold bugs, the current malaise in the price of gold is both relentless and remorseless with each minor rally promptly engulfed by a wave of heavy selling. As someone wrote a few weeks ago, gold bugs consider the market to be functioning correctly when the price of gold is rising, and incorrectly when the market is falling.
China’s New Yuan Loans Hit 6.56 Trillion Yuan In H1
China’s new yuan-denominated loans reached 6.56 trillion yuan (1.07 trillion U.S. dollars) in the first half of this year, the central bank said Tuesday.
EURUSD Forecast July 14, 2015, Technical Analysis
The EURUSD pair initially rallied at the open on Monday as it was announced that a deal was reached in the Greek debt crisis. However, the Greek still have to vote in Parliament, and on top of that there seems to be a lot of mistrust of the situation.
GBPUSD Forecast July 14, 2015, Technical Analysis
The GBPUSD pair broke higher during the course of the session on Monday, but turned back around to form a shooting star.
AUDUSD Forecast July 14, 2015, Technical Analysis
The AUDUSD pair went back and forth during the day on Monday, as we continue to bounce around the 0.74 level.
EURGBP Descending Channel July 13, 2015
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair could move back to the bottom at .7000 or lower.
Frozen
Frozen, the movie made a fortune for Walt Disney (DIS, quote), and yes I did watch it, and listened to a young girl sing the song…a lot.
Alcoa CEO Weighs In On Second-Quarter Results And Concerns Regarding China Slowing Down
Alcoa Inc. (AA, quote) reported second-quarter numbers on Wednesday which came below analysts’ expectations. Revenue for the quarter rose 1 percent year-over-year to $5.9 billion, while earnings increased to $140 million from $138 million it reported for the same quarter last year.
GBPUSD Forecast July 9, 2015, Technical Analysis
The GBP/USD pair had a fairly negative session on Wednesday, as the world continues to run toward safety asset such as the US dollar.