FxGrow Support Posted June 15, 2017 Author Share Posted June 15, 2017 FxGrow Daily Technical Analysis – 15th June, 2017By FxGrow Research & Analysis TeamGBP/USD: Fundamentals and Technical Ahead of BOE DecisionGBP/USD inaugurated Thursday's trading session with further declines at 1.2723 low after peeking yesterday 1.2817 high as the greenback recouped yesterday's losses with 97.13 high for today after U.S Fed delivered market expectations for 0.25% rate hike. Currently the pair is trading 1.2734 intraday, below 50-EMA daily at 1.2790, with expectation for further declines as U.S Index pushes higher.There are many fundamentals for GBP today that will contribute with bull and bear forces.First, BOE Interest Rates decision today at 11:00 AM GMT, with a definite expectation that BOE will keep rates at current 0.25% due to coming Brexit negotiations, disappointing last week election, Conservatives losing majority in Parliament, yesterday's weaker Average Earnings at 2.1%, last but not least, during last BOE statement after rates were kept untouched, BOE ditched changing rates for late 2019.Logically, when Central Banks keeps rates unchanged, a currency should witness some decline but ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 15, 2017 Author Share Posted June 15, 2017 FxGrow Daily Technical Analysis – 15th June, 2017By FxGrow Research & Analysis TeamGold Downtrend To Be Confirmed Today, Eyes on U.S dataGold peeked yesterday to 1281.13 after disappointing multiple inflation U.S key figures that decreased Sept Fed hike odds down to 38% after being at 54%. After that, eyes were centered at FOMC meeting yesterday with high anticipation for a definite rate increase with 0.25%, followed by a statement by Yellen which turned hawkish more than expectations. As a result, U.S Index was strengthening, adding pressure on gold, pushing the precious metal downward with almost -$21 (1257.16 low) before closing the session.Currently gold is trading 1255.49, after plunging to 1253 low (S1), below 50-EMA daily at 1259 which is 100% confirmation for ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 16, 2017 Author Share Posted June 16, 2017 FxGrow Daily Technical Analysis – 16th June, 2017By FxGrow Research & Analysis TeamUSD/JPY Testing 50-EMA Ahead of BOJ StatementAs expected, BOJ has maintained Interest Rates at current -0.1% with 44-pips price action movement for Friday trading session. USD/JPY rallied to to 111.27 high, currently trading 111.15, flirting with 50-EMA at 111.19. Currently, U.S Index is still pushing higher with 97.54 June record high, giving bull hand to USD/JPY with expectations for further incline for the pair.The pair still awaits BOJ's press conference shortly and market will have to wait for Gov. Kuroda statement with expectation for more ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 16, 2017 Author Share Posted June 16, 2017 FxGrow Daily Technical Analysis – 16th June, 2017By FxGrow Research & Analysis TeamEUR/USD Inches Higher Ahead of Local DataEUR/USD lost 96-pips value yesterday after plunging to 1.1132. Still the pair pressured by recovering U.S Dollar with 97.54 June record after hawkish FOMC meeting on Wednesday. Currently the pair is trading 1.1156 intraday, still below its 20-EMA at 1.1170. Overall, signs of bearish momentum revolves for EUR/USD taking into consideration boosted U.S Dollar with June hike, but EURO awaits local data shortly, which can give some solid ground to re-climb the 1.1200 again, still market has to see how ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 19, 2017 Author Share Posted June 19, 2017 FxGrow Daily Technical Analysis – 19th June, 2017By FxGrow Research & Analysis TeamEUR/USD Under Pressure By Recovering U.S DollarEUR/USD inaugurated Monday's trading session with 26-pips loss and 1.1182 low. Currently, U.S Dollar is showing signs of recovery, inching higher with 97.24 high for today.Technically, the pair is still trading above 20-EMA at 1.1175 which keeps the market in an uptrend destination. Closing above 1.1200 level, suggests for more attacks and the pair will test R1 at 1.1228, then 1.1252. On the other hand, if EUR/USD closed below 20-EMA, expectations for a correction phase within Friday's range at 1.1130+.Fundamentally, Macron's victory for French Parliament should give a boost for the pair and keeping the ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 20, 2017 Author Share Posted June 20, 2017 FxGrow Daily Technical Analysis – 20th June, 2017By FxGrow Research & Analysis TeamGBP/USD Retreats Over Hawkish FOMC Statements, Awaiting CarneyThe cable is showing some minor recovery from yesterday's sharp dips, pulling GBP/USD to 1.2723 low after peeking 1.2814. The pair managed to touch its 20-EMA at 1.2815, but as FOMC members Dudley, then Evans crossed wires with a hawkish tone, the buck was getting ultra positive attention with U.S Index peeking to 97.54 high yesterday, disrupting GBP/USD from further gains. Currently, GBP/USD is trading 1.2745 intraday.Greenback, still yet to receive additional boost today as two FOMC members (Fischer & Kaplan) will cross wires again today as both members will be consistent (Hawkish tone) with U.S Fed gangs, which will keep the cable under pressure.Carney, BOE's Gov. will make an appearance too on behalf on Sterling, still no ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 20, 2017 Author Share Posted June 20, 2017 FxGrow Daily Technical Analysis – 20th June, 2017By FxGrow Research & Analysis TeamGold In A Correction Phase, Still The Downside PersistsGold extended the bearish momentum for the 10th consecutive session shedding -$12.70 yesterday and 1243 low for yesterday. First, Gold bumped into support at 1247 with RSI indicating an oversold market, as a result, gold managed to make a correction at 1253, but as FOMC members Dudley and Evans crossed wires with an additional hawkish stance, gold was sold aggressively pushing the precious metal into second support at 1242 despite that RSI (H1) indicated an oversold market at 20 level.Currently, gold is on a correction phase trading 1247, with a possibility for further additional correction mode at 1249 as RSI re-balances to 50 level (H1), which will give a signal for market to continue ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 21, 2017 Author Share Posted June 21, 2017 FxGrow Daily Technical Analysis – 21st June, 2017By FxGrow Research & Analysis TeamSterling: Expectation For Additional Dips Ahead of Local DataGBP/USD remains under threat after hung Parliament election. The pair awaited yesterday for a hawkish stance by BOE Carney, but as the Gov. terminated the possibility of potential rate hikes, the cable dropped pressure with 155-pips yesterday landing on 1.2603 low. on the other hand, PM May latest news indicates that Conservatives have failed to reach out to DUP Party with a deal to control Parliament seats majority ahead of spiky Brexit negotiations which adds more pressure on Pound.Sterling awaits local Sector Net Borrowing data, followed by Haldane speech this after noon, but the above ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 21, 2017 Author Share Posted June 21, 2017 FxGrow Daily Technical Analysis – 21st June, 2017By FxGrow Research & Analysis TeamOil Glut Still Overwhelms Market With Fear Ahead Of U.S Inventories Crude oil prices has been on a gradual decline since 25th of May with $9.00 loss and $42.93 low yesterday. Despite OPEC and Non-OPEC reports showing a high level of compliance during May estimated at 108%, fear of global oversupply still overwhelms the market, pushing oil prices lower.Libya's oil production rose more than 50,000 bpd to 885,000 bpd after the state oil company settled a dispute with Germany's Wintershall.Nigerian oil supply is also ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 22, 2017 Author Share Posted June 22, 2017 FxGrow Daily Technical Analysis – 22nd June, 2017By FxGrow Research & Analysis TeamEUR/USD Revives The Bullish Trend Ahead of U.S DataEUR/USD plunged yesterday to 1.1127 low but managed to make a reverse course with a daily bullish candle at 1.1169 high. Today, the pair clocked a newer high at 1.1177 with expectations for further pip-gains as the greenback trading pale with 97.05 low.Fundamentally, U.S Dollar was receiving a lifting hand by FOMC members, crossing wires extending hawkish stance ever since U.S Feds hiked a 0.25% interest rates for desperate measures knowing that current Trump policy and it's negative impact on the buck will limit the Index from normal gains. EUR/USD awaits U.S Unemployment Claims today ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 22, 2017 Author Share Posted June 22, 2017 FxGrow Daily Technical Analysis – 22nd June, 2017By FxGrow Research & Analysis TeamUSD/CAD Testing 100-EMA Ahead of Candian Retails SalesUSD/CAD has been testing 100-EMA at 1.3340 for the second consecutive session. Yesterday, the pair rallied +84-pips with 1.3347 high and today, market is showing low price action with only 21-pips as price action. Currently USD/CAD is trading 1.3317 as U.S Index continues to show weakness.On the other hand, crude oil levels dropping to 10 months lows kept the loonie under pressure with failure to extend gains. Add to that, NAFTA terms re-negotiations still weigh on Canadian economy with no recent updates or ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 22, 2017 Author Share Posted June 22, 2017 FxGrow Daily Technical Analysis – 22nd June, 2017By FxGrow Research & Analysis TeamGold Downtrend Still Persists With Rejection for 1240 level, Eyes on U.S DataGold showed immunity against 1240 level with a rejection for penetration during this weekly trading session. Yesterday, a positive U.S Existing Home Sales was released, yet gold rallied and extended gains today with 1254.85 high, still to be considered a correction phase after last week's sharp declines.Today, gold's bearish momentum will be tested further more, with expectations for intense volatility as U.S releases Unemployment Claims data. Any further rejection for 1240 is an indication for further correction phase and potential of bullish momentum build up. On the other hand, if U.S data we negative, gold will receive an extra lifting hand supported by today's rallies and closing above 1265, 100% for bullish momentum.In case the data was negative and 1241 support level failed, market should look into further dips with a destination for 1237, then 1230.For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 23, 2017 Author Share Posted June 23, 2017 FxGrow Daily Technical Analysis – 23rd June, 2017By FxGrow Research & Analysis TeamEUR/USD Pushes Higher As Buck Reaches Lower, Eyes on Local DataEUR/USD guarded 1.1100 level successfully during this weekly trading session with 1.1118 lowest on Tuesday and 1.1212 highest on Monday. Currently the pair is trading 1.1164 with 23-price action and testing 20-EMA at 1.1167.As macro-economics, the EURO awaits major data with absence for U.S Dollar events on Friday, which gives advantage for EURO facing its greenback rival. U.S Dollar continues to show weakness as the Index is currently trading at ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 26, 2017 Author Share Posted June 26, 2017 FxGrow Daily Technical Analysis – 23rd June, 2017By FxGrow Research & Analysis TeamEUR/USD Flirts With 1.1200 Ahead German Ifo ReportEUR/USD opened Monday's trading session bouncing off 1.1190 support area testing with 1.1189 low, and failed with to extend further gains beyond 1.1200 level, only by +1-pip (1.1201 high). Technically the pair is still trading above 10-EMA level and last week, the pair dips were fighting 1.1130 support area with failure to break, sustaining the bullish momentum and keeping potential for further rallies aimed at 1.1200+ area.On the other hand, the buck continues to show weakness supported by negative Services and Manufacturing PMI last reported on Friday and wallowing Trump's administration performance pulling U.S Index to 96.84 low and pushing EURO ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 26, 2017 Author Share Posted June 26, 2017 FxGrow Daily Technical Analysis – 26th June, 2017By FxGrow Research & Analysis TeamEUR/USD Flirts With 1.1200 Ahead German Ifo ReportEUR/USD opened Monday's trading session bouncing off 1.1190 support area testing with 1.1189 low, and failed with to extend further gains beyond 1.1200 level, only by +1-pip (1.1201 high). Technically the pair is still trading above 10-EMA level and last week, the pair dips were fighting 1.1130 support area with failure to break, sustaining the bullish momentum and keeping potential for further rallies aimed at 1.1200+ area.On the other hand, the buck continues to show weakness supported by negative Services and Manufacturing PMI last reported on Friday and wallowing Trump's administration performance pulling U.S Index to 96.84 low and pushing EURO ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 28, 2017 Author Share Posted June 28, 2017 FxGrow Daily Technical Analysis – 28th June, 2017By FxGrow Research & Analysis TeamGBP/USD Rallies Supported by Positive Fundamental, Awaiting CarneyAfter a disappointing UK Parliament Elections with sharp decline for GBP/USD, the pair found some positive fundamentals supporting Sterling sharp tone facing collapsing U.S Dollar. GBP/USD recorded +144-pips price action with 1.2860 high and closing at 1.2813, above 50-EMA (1.2777) which confirms a bullish momentum. Today, the cable plunged to 1.279 low after clocking 1.2827 high, currently trading at 1.2816 with expectations for more volatility taking into consideration sharp declines ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 28, 2017 Author Share Posted June 28, 2017 FxGrow Daily Technical Analysis – 28th June, 2017By FxGrow Research & Analysis TeamCrude Oil Technical Overview Ahead of U.S InventoriesOverall the market is bearish, but fighting to hold the 42.20- target. The trade posture remains negative and a drop through 42.53 is negative, rekindling bearish trade. A close under 42.20 alerts for a wash under 40.00-. Stay prepared for additional corrections, but rallies contained under 45.08* will retain bear forces. A close over 45.08* stops the selloff. A close over 4658* signals a ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 28, 2017 Author Share Posted June 28, 2017 FxGrow Daily Technical Analysis – 28th June, 2017By FxGrow Research & Analysis TeamGold Technical Overview Ahead of Central Banks SpeechesCurrently, gold favors sideways trading, stuck between 1240 & 1250 as the precious awaits further signals from U.S Index movements. Expectations for high volatility as ECB, BOE, BOC, and BOJ's Govs.address markerts today at 1:30 PM GMT. A more pressure on U.S Index will boost gold current advance. On the other hand, in case the buck managed to make a correction upward, expectations that gold will extend the ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 30, 2017 Author Share Posted June 30, 2017 FxGrow Daily Technical Analysis – 30th June, 2017By FxGrow Research & Analysis TeamEUR/USD Still Invading 2016 Highs Ahead Of Local DataEUR/USD, a shooting star through out the week, regaining 276-pips price action and 1.1145 high, both for yesterday and today so far. The pair is still boosted by Draghi's hawkish comments and yesterday's positive German CPI. Today, the pair awaits data both from EU and U.S which will give a better outlook how market will react by additional clawing on the rising trend or take a correction consolidation session, a break can be considered an easing before another bullish storm. On the other hand, U.S Index still prolongs cents losses with 2017 new low record at 95.20, giving room for EUR/USD to march forward.Technically, the pair has surpassed the RSI 70 level (overbought) and the U.S Index touched RSI 30 level, closing to an ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 30, 2017 Author Share Posted June 30, 2017 FxGrow Daily Technical Analysis – 30th June, 2017By FxGrow Research & Analysis TeamGBP/USD Technical Overview Ahead of UK & U.S DataGBP/USD extended the rising trend with +15-pips addition to yesterday's high 1.3015. The Cable is still boosted by positive recent fundamentals with Carney's hawkish tilts taking center stage. The pair awaits major data both from UK & U.S with expectations of high price action. Currently the pair is trading 1.2990 intraday. Traders should expect a correction phase for GBP/USD taking into consideration that U.S Index RSI has ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 30, 2017 Author Share Posted June 30, 2017 FxGrow Daily Technical Analysis – 30th June, 2017By FxGrow Research & Analysis TeamGold Remains Bearish Despite U.S Dollar Sharp Declines, Eyes On U.S DataGold showed a minor reaction yesterday to positive U.S GDP dropping to 1239.81 low and bouncing off, confused (Sideways) between 1247 and 1242, still the precious metal testing the 1240 area with rejection. On the other hand, with the sharp declines for greenback plunging today 95.20 low, yet gold fails to take advantage of pale U.S Index, refusing to advance as other currencies did yesterday.Fundamentally, markets could be awaiting further data from U.S data to complete the key multi inflation figures with PCE and Personal Spending taking center stage. U.S Data today along with ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted July 3, 2017 Author Share Posted July 3, 2017 FxGrow Daily Technical Analysis – 03rd July, 2017By FxGrow Research & Analysis TeamEUR/USD Taking A break Before Further Advance, Eyes on Local DataAfter a superb run for EUR/USD last week with 1.1445 high with technical indicators shows an over bought market, the pair showed a daily bearish candle on Friday and extended the correction phase on Monday's trading session with 1.1403 low, On the other hand, U.S Index is currently showing a minor recovery with 95.55 high tackling EUR/USD from further advance. Currently the pair is trading 1.1408 intraday, still above 10-EMA at 1.1360.Fundamentally, the pair awaits Manufacturing PMI, both from EU first, followed by U.S in after noon which should impact EUR/USD levels.For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted July 4, 2017 Author Share Posted July 4, 2017 FxGrow Daily Technical Analysis – 04th July, 2017By FxGrow Research & Analysis TeamGBP/USD Retesting Bullish Momentum Ahead of Construction PMIGBP/USD received a hit yesterday with negative with UK manufacturing PMI causing the cable 90-pips loss 1.2932 low. On the other hand, greenback extended recovery session today, boosted by positive data yesterday with a 96.04 high, add more pressure on the cable. Technically, the pair is still in uptrend phase trading above 10-EMA at 1.2880. GBP/USD is currently trading 1.2940 intraday.Fundamentally, the pair awaits UK Construction PMI with absence of U.S Data today due to 4th of July holiday. The data will re-test GBP/USD bullish trend depending on the ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted July 6, 2017 Author Share Posted July 6, 2017 FxGrow Daily Technical Analysis – 06th July, 2017By FxGrow Research & Analysis TeamEUR/USD Still Testing 10-EMA Ahead of ECB MeetingEUR/USD bullish momentum survived yesterday’s FOMC meeting as the U.S Index spikes were contaminated with 96.24 high as market expected more attacks due to previous hawkish U.S Fed statement, but instead a lesser was given by Yellen Yesterday.The pair clocked 1.1368 high yesterday and 1.11325 low for today, still testing 10-EMA area at 1.1320 with 25-pips price action for today with expectations for more volatility as EU releases German Factory Orders, but the focus will be on ECB statement today.Last appearances for Mr. Draghi were hawkish, stressing an intolerance for rising inflation in the EU and the ECB could taper with rates. ECB statement today, if it is consistent with Draghi’s last speeches, will fuel EUR/USD ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted July 6, 2017 Author Share Posted July 6, 2017 FxGrow Daily Technical Analysis – 06th July, 2017By FxGrow Research & Analysis TeamCrude Oil Recovers Over Disappointing API Report, Awaiting U.S InventoriesCrude oil plunged yesterday at $44.52 low after clocking a monthly high on Tuesday $47.30 bp. Reports (Reuters) showed that exports by OPEC counties has surged during pushing oil prices lower.American Petroleum Institute (API) on Wednesday showed U.S. crude inventories fell more sharply than expected, down 5.8 million barrels in the week to June 30, against expectations for a draw of 2.3 million barrels (Reuters), pushing back oil levels at ...For more in depth Research & Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Quote Link to comment Share on other sites More sharing options...
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