28 May, 2015
The US and Germany 10-year government bonds yields increased which is a negative factor for the euro. The German and the Greek bond yields have also grown upwards.
Athens has already made it clear to its creditors that they cannot fulfill their obligations and the debt market dynamics signals to us that at the moment the compromise is not found.
The euro activity has been declining against the US dollar for the second week. The downward trend is developing amid the increased volumes - sellers are still dominant in the market.
The price is finding the first support at 1.0790, the next one is 1.0670. The price is finding the first resistance at 1.0925, the next one is at 1.1050.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
We suppose the pair will go to 1.0925 first. Having overcome the first target the price might go upwards to 1.1050, 1.1150.
On Monday, pressure on world equity markets increased, American markets lost an average of 2%. Sales were observed across all sectors...
On Friday, global stock markets were able to show restrained growth amid some positive change in the global market sentiment. Better sentiment was...
All eyes on the dollar. Yes, that’s the current situation in the Forex market. The American currency is struggling to recover for two weeks already, rising...
Buyers broke the level 1.0750 in the night and stopped after reaching 1.0777...
Gold prices remained under pressure trading around 5 month low being under pressure as U.S. elections results continued weighing on market sentiment. Majority of investors believe that the Fed will hike the rate in December that weighed on the market sentiment as well...
If the price overcomes 104.50 we will neutralize our medium term negative outlook. Buyers may extend their gains towards 105.00. Alternatively, bears may push the price below 104.00...
The level 1270 limited the further decline of the metal. A cut through here will aim at the 1260 level. If the current support rejects the price the XAU/USD will grow towards 1290 dollar per ounce...
Brent seems to have found a solid support at 47.50 which slowed down its decrease. The price slightly rolled back and stopped a few pips above the level in the European session. The quotes returned to a decrease in the North American session...
Brent kept falling after a rise in U.S. crude inventories. Moreover, traders focused their attention on a world supply glut which keeps weighing on the oil prices...
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