Daily Forex Market Preview, 20/07/2018 The U.S. dollar was trading mixed on Thursday. After initially posting strong gains, the greenback eased towards the close of the day. Economic data showed that UK's retail sales fell 0.5% on the month missing estimates of a 0.1% increase. In the U.S., the Philly Fed manufacturing index rose to 25.7 on the...

2018-07-20 John Benjamin Read more
Metals

Gold The yellow metal cratered to fresh 12 month lows this week as a resurgent US Dollar and cascading oil prices combined to shunt the safe haven metal lower. The US Dollar has been rallying firmly this week in response to Fed chairman Powell’s testimony before the Senate where he gave a very encouraging outlook on the US economy. Alongside ra...

2018-07-19 James Harte Read more
Forex analysis 19th of July

Daily Forex Market Preview, 19/07/2018 Data from the UK saw the release of the inflation figures. Consumer prices in the UK were seen rising at a slower than expected pace of 2.4%. The median forecasts expected a print of 2.6%. Core inflation was also seen slowing, rising at a pace of 1.9%. In the Eurozone, headline inflation increased by 2....

2018-07-19 John Benjamin Read more
Forex analysis 18th of July

Daily Forex Market Preview, 18/07/2018 The U.S. dollar was seen posting strong gains on Tuesday. The rebound came amid the U.S. industrial production rising 0.6% on the month. The Fed Chair Powell started his two-day testimony to the U.S. Congress. In his testimony, the Fed Chair maintained the hawkish rhetoric that the central bank should cont...

2018-07-18 John Benjamin Read more
forex intraday analysis 17th july

Daily Forex Market Preview, 17/07/2018 The U.S. dollar was seen trading mixed on Monday. Economic data was supportive of the greenback. The U.S. retail sales report showed that headline retail sales increased 0.5% on the month while core retail sales rose 0.4%. The U.S. Empire State Manufacturing index was seen rising to 22.6 on the index, u...

2018-07-17 John Benjamin Read more

Dow also managed to hold uptrend wave as we advised last week where market managed hit first target 25050  Intraday Levels showing first support at 24970 and 24880 where as long as market holding above 24880 more advance toward second target 25180 will sustain Below 24880 market may head for farther drop toward 24650-70 zone where as ...

2018-07-16 رامي أبو دراع Read more

Our Short-Run view over Gold sustain the same as market tested supportt zone 1236-41 as we advised before and as we see over our previous chart Intraday Levels still showing trading zone as we advised before between support 1236-39 and resistance 1273 which my expand toward 1285 Below 1236 more drop toward 1220 and 1180 will be expected ...

2018-07-16 رامي أبو دراع Read more

As we advised last week and after Crude Oil broke below support 72.00-20 We still holding same view for the Oil that as long as market holding trades below 72.00-20 a bigger drop wave will be expected toward 64.00-50 zone Above 72.20 more advance toward 74.00 may hit the market   Support Resistan...

2018-07-16 رامي أبو دراع Read more

As we advised last week and as we see over our previous chart USDJPY managed to break above Short-Run resistance 111.40 last week which trigger fast advanced on market we still looking toward our second scenario after the break where target around 113.30-70 zone The pair beeing on the overbought seems not holding the advance while zone ...

2018-07-16 رامي أبو دراع Read more

As we advisd last week GBPUSD managed to rebound from support 1.3300-10 while market managed today to brek above 1.3210 resistace As long as market holding above this zone our target will remain toward 1.3310-50 zone another resistance laying around 1.3330 which may provide some drop correction at market Above 1.3360 more advance tow...

2018-07-16 رامي أبو دراع Read more