Weekly Market Update 24/05-29/05/2015

      Good evening, The US dollar rose across the board last week and the worst performer against the Greenback was the Euro. In Germany, Chancellor Merkel is eager to close a deal with Greece but her Finance Minister Schaeuble has a different view and his latest proposal is the possibility that Greece would issue a parallel currency. This statement reinforced the negative momentum of the shared currency, and last Friday EurUsd closed at 1.1012 (-3.80% weekly).  “Unless Greece receives at least $ 1.6 Billion fundi more ...

    Posted 4 days ago (0) comments

    USDCAD May 28, 2015

    High: 1.2490 | Low: 1.2438 1.2482 / 1.2479

    Testing support at 1.1930 earlier in the month, we see bullish action now testing the 100 day SMA level and the support turned resistance 1.2350-1.2450 which was an area of interest from Jan – April this year. A break through this area could again test the high from this period earlier in the year at 1.28 more ...

    Posted 10 hours ago (0) comments

    GBPUSD May 28, 2015

    High: 1.5385 | Low: 1.5325 1.5329 / 1.5326

    GOLD: XAUUSD May 28, 2015

    High: 1192.25 | Low: 1187.08 1190.60 / 1190.00

    GBPJPY May 28, 2015

    High: 190.71 | Low: 189.70 189.90 / 189.86

    GBPJPY May 27, 2015

    High: 189.94 | Low: 189.24 189.86 / 189.82

    Economic News May 28, 2015

    Good morning, USDJPY reached a level of 124.30 a level not seen since 2002 Retail Sales figures in Japan for April grew by 5.0% slightly below the forecast 5.4% year on year. Foreign Investment in stocks and bonds figures were also released, with stocks investment on the rise. Unemployment figures will be released in the coming hours. The rate is expected to remain at 3.4% The NIKKEI closed at 20551.46 up 78.88 points or 0.39% In Europe today the Swiss Trade Balance figures beat expectations with EURCHF trading at 1.0340 Spanish GDP figures out today saw a 2.7% growth figure year on year. Retail Sales were also on the rise. British Gross Domestic Product figures to follow. EURGBP was trading at 0.7111 at time of writing. Italian and Euro Zone Consumer Confidence figures to follow. EURUSD trades at 1.0925 The FTSE100 was trading at 7007.08 Read More ...

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