9 June, 2015
The euro increased at the trades on Monday. Germany published the industrial production report. This index increased in April by 0.9% on the month basis after the revised decline by 0.4% in March. The increase was larger in April than it was forecasted by 0.5% and the highest increase in 2015.
We received the May US labor market report and it's time to sum up the outcomes. The private sector employment reached the level of 280 thousand that confirms the Fed forecast for the US economic recovery in the second quarter.
The price reduction from the resistance level of 1.1260 was followed by the support level of 1.1150 short-term breakthrough. However, buyers were able to buy out the price and return it above the mark of 1.1150. The resistance level of 1.1260 was tested.
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 a downward movement and the Kijun-sen shows a downward movement and form a “Dead cross”. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is growing.
If the price fixates below the resistance level of 1.1260, it may continue the downward trend in the short term. The potential target is 1.1150.
On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...
The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...
Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...
Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...
The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...
The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...
The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...
Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...
The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...