Weekly Market Update 02/08/2015-07/08/2015

      Good evening, Trend following strategies had a break last week in the FX market, and the most traded pair EurUsd just rose 5 pips in 5 trading sessions at 1.0986 (+0.04% weekly). The US dollar could gain only against the Canadian dollar and the Swiss Franc and the only relevant gain against the Greenback was made by the British Pound. UsdCad rose 43 pips at 1.3089 (+0.33% weekly) and UsdChf gained 32 pips at 0.9656 (+0.33% weekly). GbpUsd rose 110 pips to 1.5620 (+0.71% weekly) and UsdJpy closed flat at 123. more ...

    Posted 21 hours ago (0) comments

    AUDUSD August 02, 2015

    High: 0.7366 | Low: 0.7237 0.7306 / 0.7310

    The rate found support in area 0.7250 and a breakout above its 21SMA can lift AudUsd to test area 0.7470. Above the supply line generated last March the rate can test area 0.78. Below 0.7250 AudUsd can test 0.70 and then 0.675.  The rate left the oversold level on the Stochastic Oscillator. more ...

    Posted 21 hours ago (0) comments

    GOLD: XAUUSD August 02, 2015

    High: 1102.21 | Low: 1079.3 1095.45 / 1096.05

    USDJPY August 02, 2015

    High: 124.36 | Low: 123.54 123.88 / 123.91

    EURUSD August 02, 2015

    High: 1.1109 | Low: 1.0922 1.0986 / 1.0989

    USOIL August 02, 2015

    High: 48.07 | Low: 46.70 46.77 / 46.83

    Economic News August 03, 2015

    Good morning, Starting off this week we see Australian Securities Inflation for July and Home Sales figures for June. AUDUSD trading at 0.7293 at time of writing a level not seen since May 2009 The rEserve Bank of Australia Interest Rate decision will be announced in the next 24 hours. Chinese Manufacturing Purchasing Manager Index, and Japanese Nomura/JJMA Purchasing Manager Index figures and Vehicle Sales were out. USDJPY trading at 124.17 The NIKKEI closed at 20548.11 down 37.13 points or minus 0.18% In Europe a number of Markit Manufacturing figures from Spain, Italy, France, Germany, Greece, the Euro Zone and the United Kingdom will be released over the course of the morning session. EURUSD trading at 1.0965 while CABLE was trading at 1.5628 with the Bank of England Interest Rate decision this Thursday. Swiss Unemployment figures thi Read More ...

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