26 June, 2015
The euro zone will not please market participants with interesting macroeconomic statistics. The USA and Germany 10-year government bonds yields negative differential again expanded and already reached the maximum level over the past 3 weeks.
The United States published the initial jobless claims report. The data showed a growth from 267 000 up to 271 000. The forecast was 273 000.
The downward trend turned to a short-term consolidation below the resistance level of 1.1260.
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 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 and form a “Dead Cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is consolidating.
We suppose the pair will go to 1.1260 first. Having overcome the first target the price might go upwards to 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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