4 June, 2015
The euro has shown strong growth amid the positive expectations about "the Greek question" resolution.
The euro is supported by the number of factors. The German and the US government bond yields reduction. The Greece and Germany negative bond yields are also declining amid the positive expectations about the Greece agreement with its creditors. The US April trade balance report pleased investors with strong data.
The resistance level of 1.1150 breakthrough was followed by the euro active growth against the US dollar.
The price is finding the first support at 1.1150, the next one is 1.1050. The price is finding the first resistance at 1.1260, the next one is at 1.1450.
There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is growing.
We believe the growth will be continued now. The first target is the level 1.1450.
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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