Weekly Market Update 24/07/16-29/7/16

    Good evening, Last week the US dollar gained ground against all the currencies in the major group.  Oceanic currencies were the worst performers against the Greenback, with NzdUsd down 114 pips to 0.7001 (-1.61% weekly); AudUsd slid 121 pips to 0.7455 (-1.60% weekly).  Canadian dollar lost 161 pips against the US dollar with UsdCad up 161 pips to 1.3122 (+1.22% weekly). UsdJpy  rose even Bank of Japan Governor Kuroda excluded the possibility of permanent monetization of sovereign debt,  also called “Helicopter Mone more ...

    Posted 4 days ago (0) comments

    USDJPY July 27, 2016

    High: 106.54 | Low: 104.81 105.52 / 105.49

    Trading the past week taking place between the 50 and 100 day SMA levels. Support expected towards the 104.80 area with resistance towards the 107 figure level. Support 2 expected towards the 104 figure level. Should the resistance level hold the dollar could once again retest the monthly lows and the 100 figure level. more ...

    Posted 20 hours ago (0) comments

    EURUSD July 27, 2016

    High: 1.1002 | Low: 1.0981 1.0999 / 1.0996

    EURCHF July 27, 2016

    High: 1.0927 | Low: 1.0896 1.0923 / 1.0920

    USOIL July 27, 2016

    High: 43.20 | Low: 42.90 43.02 / 42.99

    USDCAD July 24, 2016

    High: 1.3185 | Low: 1.3055 1.3128 / 1.3131

    Economic News July 27, 2016

    Good morning, The Australian Consumer Price Index figures came out overnight for the second quarter. The Index grew by just 1.0% missing expectations slightly and down from 1.3% a year ago. AUDUSD trading at 0.7483 at time of writing. Japanese minimum wages earners will see an increase of 3% in their paychecks as part of a stimulus package intended to strengthen consumer spending. USDJPY trading at 105.58 In Europe this session the German Import Price Index and UBS Consumption Indicators were the first items on the calendar this session. German Gfk Consumer Confidence was slightly better than had been expected. The UBS figure out of Switzerland was out at 1.34, down slightly from 1.35 previously. EURCHF trading at 1.0906 French, Swedish and Italian Consumer Price Index figures are also out this session before the United Kingdom release Gr Read More ...

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