Daily Forex Market Preview, 18/05/2018 The U.S. dollar was seen maintaining steady ground on Thursday. Economic data for the day saw the release of the weekly unemployment claims which rose higher than expected to 222k. The Philly Fed manufacturing index post strong gains, rising to 34.4 beating estimates of 21.1. The euro currency continued...
The charts are showing, from a technical analysis standpoint with patterns at decisive levels, that the Dollar Index (DXY) could be heading towards significant levels. USD has been enjoying an impressive bullish rally for an entire month, a swing which was mentioned and explained in the “Is The USD Getting Stronger?” article. Is it time for ...
Intraday Analysis 17th May 2018 - Daily Forex Market Preview The U.S. dollar continued to remain strong across its peers on Wednesday. Economic data showed that the consumer prices in the Eurozone came out as expected. Headline inflation was seen rising 1.2% while core inflation rate was registered at 0.7%, marking a slower increase in core CPI...
Daily Forex Market Preview, 16/05/2018 The markets were trading mixed amid a day that saw weaker economic reports from the Eurozone and a slightly upbeat jobs report from the UK. The U.S. dollar gained strength late in the day as the currency surged on rising yields. The UK’s monthly jobs report showed that real wages were finally starting...
Intraday Analysis 15th May 2018 - Daily Forex Market Preview The markets were seen trading mixed with the U.S. dollar showing signs of easing back on Monday. Economic data was sparse with only the speech by Cleveland Fed President Loretta Mester. Speaking at a conference in Paris, Mester said that the Federal Reserve will most likely maintai...
Dow managed to break above resistance 24650 last week which may trigger another advance wave toward 25500 target as we advised last month for the Short-Run view Intraday Levels showing support at 24700-800 zone where as long as market holding above more advance toward 25500-800 zone is expected Below 24700 market may head for farther drop ...
Gold managed to head for rebound correction as we advised last week where market managed to hit target 1325-27 zone Market still facing downtrend pressure as long as the daily close sustain below 1333 as we advised before Intraday Levels showing support at 1317 and 1302 Support Resistance ...
Crude Oil managed to close from target 72.00 last week as we advised before Intraday Levels showing resistance at 72.00-50 zone while support at 69.40 with chance for trading zone Above 72.50 more advance toward 74.00 is expected Below 69.40 more drop toward 67.50-60 is expected Support Resi...
Dollar/Yen still holding trades above short-run support 108.60 where as long as market keep holding above this support the target will sustain toward 110.40-80 zone Below 108.60 a chance for farther drop to test 107.70 is available while below 107.70 more drop toward 106.00 will be expected Support ...
British Pound managed to hold trades above support 1.3460 which managed to push for some rebound correction as we advised last week Intraday Levels still showing support at 1.3530 whee as long as market holding above a chance for more advance to test 1.3655-75 zone will be expected befor market head from there to another drop correction towar...
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