Weekly Market Update 22/05/16-28/05/16

      Good Evening, The only currency in the major group that gained against the US dollar last week was the British Pound. GbpUsd rose 145 pips to 1.4496 (+1.01% weekly). A poll released from the Daily Telegraph regarding Brexit gave a slight majority to the remain campaign. The rate soared to test its medium term resistance but then retraced, giving the impression that this optimism was short lived as Bank of England Carney could stop soon to talk about the referendum spillovers as the “purda period” will begin more ...

    Posted 4 days ago (0) comments

    GBPUSD May 25, 2016

    High: 1.4664 | Low: 1.4600 1.4640 / 1.4637

    Resistance towards the 200 day SMA met yesterday at the 1.4660 area. The 1.47 figure level could be a psychological level should the 200 day give way to bullish sentiment. The April high of 1.4770 the next level beyond. Support currently being tested at the 1.4560 area. Should Sterling decline through this area we could see the 1.44 figure level come into play. more ...

    Posted 1 day ago (0) comments

    USDJPY May 25, 2016

    High: 110.26 | Low: 109.86 110.26 / 110.23

    USOIL May 25, 2016

    High: 49.53 | Low: 49.26 49.46 / 49.44

    NZDUSD May 25, 2016

    High: 0.6763 | Low: 0.6732 0.6745 / 0.6742

    UKOIL May 22, 2016

    High: 49.78 | Low: 48.5 49.25 / 49.28

    Economic News May 26, 2016

    Good morning, Japanese Foreign Investment figures released overnight see both investment in Japanese stocks and bonds both falling. USDJPY trading at 109.76 at time of writing. Japanese CPI data out in the coming 24 hours. Australia's Private Capital Expenditure for the first quarter fell by more than had been expected, dropping 5.2% AUDUSD trading at 0.7201 at time of writing. In Europe this session Spanish Gross Domestic Product figures will start off today's session along with the Hungarian Unemployment Rate and Swedish Consumer Confidence. Switzerland will announce Industrial Production figures for the first quarter this session. EURCHF trading at 1.1056 at time of writing. Italian Retail Sales figures will lead into the British Gross Domestic Product figures for the first quarter. EURGBP trading at 0.7592 at time of writing. Across t Read More ...

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