June 2015

EURUSD steady above 1.18. Closes positive from Monday’s weak open Key Notes: UK Gfk Consumer confidence 7 vs. 2 Australia private sector credit m/m 0.5% vs. 0.5%; y/y 6.2% vs. 6.1% Spain retail sales m/m 0.5% vs. 0.0%; y/y -0.4%…
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Dow Jones (DJI_5U) 17600 A rising channel … As shown on the chart the market is at the lower boundary of the rectangle patter ( the blue levels ) , and on the lower levels for the bigger rising channel at 17600/17500 levels , which…
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Gold (XAUUSD) 1173 A range market near fro the cheapest price for the yellow metal Market is trading on a declining symmetrical triangle, 1225 and 1162 represent the expected trading range for gold. Breaking 1162s levels would activate…
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Oil (CL_5Q) 58.70 Longer consolidation phase, but no major changes on the fundamentals of that market After recording the lowest level of the year (45/44 levels) because of a material increase at supply side with a slowing demand…
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USDJPY 122.40 Bullish Scenario still valid for the pair After penetrating the bullish consolidation pattern; the market would still bullish unless the market is traded below 121.80/121.50. Market has rebounded after recording the high…
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GBPUSD 1.5715 Recovering from the bottom with accelerated counter-trend move The pair on a major wide consolidation area, ranging between 1.52s and 1.60s level, as more of the major pair the ranging market which is expected to…
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EURUSD 1.1177 Higher Volatility with higher uncertainty On short-Term the market is ranging between the levels of 1.10 and 1.15, any penetration of the market of one of those levels would push the market further on the breakout…
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The final revision to the first quarter GDP for 2015 showed that the UK economy expanded by 0.4% against earlier estimates of 0.3%. The third and final revision comes after the initial estimates of 0.3%. On an annualized basis, UK's growth…
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EURUSD (1.118): From last week's mid-week technical update, EURUSD completed the bear flag pattern and dipped lower to support near 1.0977 - 1.0948 and closed on a bullish note yesterday. However, it is unlikely that we could expect a…
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Euro, single currency resilient as EURUSD recovers most of the losses from earlier in the day Key Notes: Japan retail sales y/y 3% vs. 2.1% Japan prelim industrial production m/m -2.2% vs. -0.8% Germany preliminary CPI m/m -0.1%…
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