Trading news

Forex trading plan for July 1

Greece remains the center topic for all traders. German Chancellor Angela Merkel said that the deadline for Greece’s bailout runs out at midnight on July 1. Still, the negotiations are expected to continue in the days ahead. EUR/USD is trading in 1.1250/1.1135 area. Support is at 1.1050 and 1.0960. Resistance is at 1.1280, 1.1380 and 1.1465.

USD/JPY met support line since summer 2014. The key support is at 122.00, further support levels lie at 121.85 and 121.55. Strong resistance is at 123.20. Uncertainty about Greece maintains demand for the yen as a safe haven and limits the pair’s advance. In addition, comments from the Bank of Japan’s policymakers have diminished the likelihood of further monetary stimulus in Japan. On Wednesday, July 1, the US will release ADP employment report at 12:15 GMT and ISM manufacturing PMI at 14:00 GMT. The forecasts are quite optimistic.

GBP/USD is sideways in range between 1.5660 and 1.5810. On the downside there are several support levels – 1.5638 and 1.5550. Resistance, however, will come only at 1.5930 (June 18 high). Britain will release manufacturing PMI at 08:30 GMT, and the Bank of England’s Governor Carney will speak at 09:30 GMT.

AUD/USD rose to 0.7725, but met resistance of the 100- and 55-period MAs on H4. Aussie was supported by monetary easing in China. Reserve Bank of Australia Governor Glenn Stevens showed no new concerns over the Chinese economy on Tuesday. A bunch of Chinese and Australian statistics is due early on Wednesday. The forecasts are rather positive. Further resistance is at 0.7765 and 0.7800. Support is at 0.7650.

Tuesday, 30 Jun, 2015 / 5:45

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://fxbazooka.com/en/analitycs/show/5632

Trading news

 

2020 Olympics & The Japanese Economy

With the 2020 Olympics kicking off after a year-long delay, just how much of a [...]

Posted on Friday, 23 Jul, 2021 / 1:30 under

Fed, Inflation, And The Housing Bubble

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced [...]

Posted on Friday, 23 Jul, 2021 / 1:28 under

Stormy week ends with US stocks at record highs

  Nasdaq 100 closes at new record as investors warm up to tech [...]

Posted on Friday, 23 Jul, 2021 / 9:25 under