EURUSD Weekly Analysis – June 7, 2015
EURUSD stays in the upward price channel on daily chart, and remains in short term uptrend from 1.0462.
Strategies
US Dollar Surges Higher As Bullish Momentum Returns
Friday’s speech from Fed chair Janet Yellan rounded off a seminal week for the markets, with the US dollar bulls returning in force as her comments continued to confirm the prospect of an interest rate rise during 2015, provided economic data continues to support the mild recovery for the US economy.
EURUSD Forecast May 26, 2015, Technical Analysis
The EURUSD pair went back and forth during the course of the session on Monday, as we continue to bounce around the 1.10 level.
AUDUSD Forecast May 26, 2015, Technical Analysis
The AUDUSD pair did nothing during the session on Monday, as we found support at the 0.78 handle.
Alibaba Taps ‘She Power’ In Entrepreneurship
The rapid development of new technology and the widespread use of the Internet will help more Chinese women to become entrepreneurs, a conference packed with famous names was told on Wednesday.
Copper and Base Metals Falls On Strong USD and Weak Chinese Data
Copper, along with several of the other principal base metals fell sharply this week as a resurgent US dollar drove many commodities lower, with both gold and silver also selling off strongly. For the base metals market it was Nickel which saw the most dramatic price moves, falling over 5.5% with copper and zinc both falling over 2 %, with tin one of the few commodities closing higher.
GBPNZD Ascending Triangle (May 21, 2015)
GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart.
GBPUSD Forecast May 21, 2015, Technical Analysis
The GBPUSD pair found support at the 1.55 level during the session on Wednesday, forming a slightly positive yet neutral looking candle.
EURUSD Forecast May 21, 2015, Technical Analysis
The EURUSD pair initially fell during the course of the day on Wednesday, but below the 1.11 level we found a bit of support.
AUDUSD Forecast May 21, 2015, Technical Analysis
The AUDUSD pair broke down during the course of the session on Wednesday, testing the 0.79 handle.