Trading news

Forex Market Outlook by Bulls Capital Markets

EUR/JPY -We see the past weekâ€™s consolidation as part of a whole near term basing process above the 138 breakout and subsequently there will be a retest of the resistance at 141.05 and then beyond.

XAU/USD - The both the daily and intraday hourly chart shows an interesting support (or perhaps pivot level) around $1175 now which continues to be tested. A close below this would be the bearish confirmation needed for further downside for a test of the $1162 low and subsequently $1143 again. The important near term resistance is $1192/$1196.

EUR/USD -Just as a measure of the importance of the Fed, even with Greece still dominating market sentiment,

Wednesday, 17 Jun, 2015 / 12:25

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