Trading news

Market review by Bulls Capital Markets

USD/JPY:On the FOMC meeting tonight, watch for the key levels at 124.48 being resistance, whilst 123.00 is supportive. A confirmed break of either of these will cause direction.

EUR/USD:The hourly chart shows an uptrend intact in the past week but is being threatened today, with the support initially coming in at yesterday’s low of $1.1020 (which was also the breakout from the resistance on 23rd July).

NZD/USD:The caveat is that the price needs to break above the July resistance high at $0.6770 to really confirm the downtrend breach, whilst the RSI needs to continue to push higher and hold above 50 to suggest this is more than just a bear market rally.

XAU/USD: The sheer fact is that the gold price is now just not being sold off for the time being. That does not mean that a recovery is imminent.

Wednesday, 29 Jul, 2015 / 11:42

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

Source : https://www.bullscapitalmarkets.com/forex-daily-newsletter/free-forex-signals.php

Trading news

 

Can The July NFP Return Some Optimism?

The consensus among analysts is that the US July Non-Farm Payrolls will show a [...]

Posted on Thursday, 05 Aug, 2021 / 11:29 under

Dollar shines after Clarida, BoE in the spotlight

  Dollar climbs as Clarida beats the rate hike drums, ISM hits [...]

Posted on Thursday, 05 Aug, 2021 / 9:01 under

GM SHARES HIT A BUMP AFTER Q2 EARNINGS

General Motors reported a surge in revenues for the second quarter. Strong [...]

Posted on Thursday, 05 Aug, 2021 / 7:27 under