22 June, 2015
The May US inflation came out in the zero area while the market had expected the index of + 0.1%. In this regard, we get another negative factor for the US dollar. It is also necessary to note the payments balance report- the deficit has been over 100 billion dollars for two calendar quarter which is a direct consequence of the US dollar revaluation.
The European regulator has increased by 1 billion euro the amount that the Greece Bank to borrow under the emergency lending program.
Buyers failed to consolidate above the strong resistance level of 1.1450.
The price is finding the first support at 1.1260, the next one is 1.1150. The price is finding the first resistance at 1.1450, the next one is at 1.1675.
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 and the Kijun-sen show 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.
The pair can grow to the resistance level of 1.1450. After breaking 1.1450 the buyers may go to 1.1675.
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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