Trading news

Trading plan for July 10

Market sentiment improved on Thursday, as the Greek question seems to close to an end. Greek government is on its way to find a compromise with the European creditors. China’s stock market retraced higher after days of a dramatic decline, adding to the market optimism. Demand for the US dollar remains limited after the FOMC meeting minutes released on Wednesday. Commodities and risky currencies (AUD, NZD, CAD) have recovered some ground on Thursday amid the improved market picture.<br /> <br /> EUR/USD is hovering around 1.1050, trying to fix higher. Resistance lies at 1.1100/30. The pair could dip to 1.0910 and 1.0820 in case if the Greek optimism lowers. GBP/USD has also recovered some ground after the yesterday’s drop, but holds below 38.2% Fibonacci (1.5400). Key resistance lies at 1.5500, support – at 1.5300. Fundamentally, the market will now be waiting for the BOE minutes release on July 22.<br /> <br /> On Friday, the market dynamics will be defined by the Asian morning. The upbeat sentiment could persist.

Friday, 10 Jul, 2015 / 1:47

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/5727

Trading news

 

AUD jumped after job data

AUD approaches the strong resistance at 0.7185. What may happen [...]

Posted on Thursday, 13 Aug, 2020 / 2:04 under

AUD/JPY: Is it going to produce a Morning Star?

AUD/JPY produced two consecutive bullish candles in the daily chart. The H4 [...]

Posted on Thursday, 13 Aug, 2020 / 11:58 under

GBP/USD Breaking out of Symmetric Triangle Pattern - Trade Idea!  

The GBP/USD pair was closed at 1.30311 after placing a high of 1.30674 and a [...]

Posted on Thursday, 13 Aug, 2020 / 11:45 under