Trading news

Today's Currency Movers by HotForex's Senior Currency Strategist John Knobel.

Today’s Currency Movers

EURUSD, Daily

EURUSD price, now having touched the lower end of my initial 1.0970’s corrective bounce target, should open up the way for a 1.1030’s lower top on any clean break of the 1.0970’s. Daily chart price action is still well contained within my downward sloping bear channel; Stochastic Oscillator analysis supports a further corrective bounce before any resumption of the daily chart downtrend. Traders may look to open new short positions within the 1.1030’s for a measured move (March lows – May highs) that may extend price lower towards a retest of the 1.0840’s.

Standard & Poor’s on Tuesday upgraded Greece’s sovereign credit rating by two notches and revised its outlook to stable from negative, citing euro zone countries initial agreement to start negotiations with the country on a third bailout. The probability of Greece leaving the Eurozone is less than 50% , however the country may still face shrinking GDP.

U.S. Fed’s annual industrial production revisions showed production knocked down to 0.2% in June, versus the prior 0.3% print, while May was left at -0.2%, with April revised up to a -0.3% pace from -0.5% previously. Capacity utilization for June was revised down sharply to 77.8% from 78.4%, while May was nudged to 77.7% from 78.2%, with April at 78.0% versus 78.5%. At the margin, the data add to the argument for the FOMC to delay a September rate hike.
Read the full analysis

Wednesday, 22 Jul, 2015 / 11:50

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

Source : http://analysis.hotforex.com/blog/2015/07/22/todays-currency-movers-48/

Trading news

 

Brexit uncertainty kept the Pound within the same range – GBP/USD Market Outlook – 20/10/2020

Positive Brexit headlines earlier yesterday pushed the pound to the 1.3010/20 [...]

Posted on Tuesday, 20 Oct, 2020 / 8:04 under

DOW fell ahead of stimulus bill deadline – DOW JONES Market Outlook – 20/10/2020

The Dow hit our support target at 28750 only to end yesterday’s session [...]

Posted on Tuesday, 20 Oct, 2020 / 8:03 under

Cautious optimism as US stimulus and Brexit talks hang in the balance

  Pelosi sets new deadline for reaching fiscal stimulus deal; US [...]

Posted on Monday, 19 Oct, 2020 / 12:13 under