FxGrow Support Posted May 25, 2017 Author Share Posted May 25, 2017 FxGrow Daily Technical Analysis – 25th May, 2017By FxGrow Research & Analysis TeamGold Still Fears The 1260+ level With Retreats, Eyes On U.S DataGold still shows weakness to withhold the 1260 level with consistent failure as market and traders are psychologically programmed to abandon the 1260+ position. Technically, through out 2017, gold retreated more than 10 times every time the yellow metal reaches 1265. Previous sessions where gold surpassed 1265 was due to fundamental factors such as negative U.S data or safe haven buying.Today, gold clocked 1259.68 then retreated to to 1255.68 low as reminder of recent behavior, still above 50-EMA (D1) at 1245 which still supports the bullish momentum. There is a chance today that gold can overcome the 1265 phobia fundamentally as ...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 May 26, 2017 Author Share Posted May 26, 2017 FxGrow Daily Technical Analysis – 26th May, 2017By FxGrow Research & Analysis TeamU.S Index Makes A reverse Turn Giving Rivals to SurgeAfter peeking to 97.31 today, the greenback went back to comatose mood as the Index plunged 96.94 low, and hourly chart behavior suggests further dips. Yesterday U.S Data recorded a neutral stance, not convincing market expectations which left the Index within weekly range, down below 97 level. FOMC member Williams crossed wires today stressing that increasing rate is a must to coop with the market running hot which should have pushed the Index higher, but Trump still succeed to tank U.S Dollar with recent and yesterday's attack on NATO and candidate Lieberman withdraw-ed his name being FBI deputy yesterday.As a result, rivals currencies and gold taking advantage of weaker U.S Dollar. Greenback has one last chance this week to redeem itself as U.SReleases major data below:1- USD- Core Durable Goods Orders m/m + Prelim GDP q/q + Durable Goods Orders m/m.Technical Overview for GBP/USD , EUR/USD , USD/JPY , GoldFor 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 May 29, 2017 Author Share Posted May 29, 2017 FxGrow Daily Technical Analysis – 29th May, 2017By FxGrow Research & Analysis TeamEUR/USD Inches Higher Ahead of Draghi's SpeechEUR/USD extended the bullish momentum for the second week, but the pair is showing shy price action with 28-pips for today's session. The pair guarded the 1.1100 level successfully clocking 1.1189 high, still above its 10-EMA D1 at 1.1150 which keep bullish forces intact and on a stand-by motion. Economic calendar is light today except for Draghi appearance shortly. As for U.S Dollar, the Index remains in trouble due to U.S politics negative media especially Trump's overseas meeting with G7, and his refusal to ...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 May 29, 2017 Author Share Posted May 29, 2017 FxGrow Daily Technical Analysis – 29th May, 2017By FxGrow Research & Analysis TeamYen: Chances for Further Gains Ahead of Local DataUSD/JPY is currently trading near its 200-EMA (D1) at 1.1133 intraday after plunging earlier to 1.1115 low. Overall, bank holidays are overwhelming worldwide which justifies the low volatility for market today, but action should re-kick with higher volatility as economic news inaugurate Tuesday's Asian sessions with Japanese multi inflation figures and Japanese Yen has the chance to extend further gains facing pale U.S Index (97.23 low) as negative media still revolves around the greenback. Shortly after that, BOJ ...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 May 30, 2017 Author Share Posted May 30, 2017 FxGrow Daily Technical Analysis – 30th May, 2017By FxGrow Research & Analysis TeamSterling Loses Momentum As UK's Election Race TightensGBP/USD peeked last Monday to 1.3043, boosted by PM May with her conservative party heading polls. But last week's terror attack on Manchester costed the conservative party 6 points down as latest surveys indicates, and when election polls looks murky without clear hints about final results, uncertainties revolves around Sterling as election race tightens.Apparently, question marks has been aroused regarding PM May and her qualifications to lead UK's Ministry. As a result, GBP/USD has been on a gradual decline ladder since last week and the pair plunged to 1.2794 low today, currently trading ...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 May 30, 2017 Author Share Posted May 30, 2017 FxGrow Daily Technical Analysis – 30th May, 2017By FxGrow Research & Analysis TeamGold Flirts With 1270 With A Setback, Awaiting U.S DataGold clocked 1270.50 May-2017-fresh-highs but failed to march forward, hitting a strong resistance with successful test, retreating to 1261.71 low. Technically, gold remains bullish as the yellow metal remains above its 10-EMA at 1257 and 50-EMA at 1249 which keeps gold's bullish forces in action. Currently gold is trading 1263 intraday, and in case the market closed below 1265, expectations 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 May 31, 2017 Author Share Posted May 31, 2017 FxGrow Daily Technical Analysis – 31st May, 2017By FxGrow Research & Analysis TeamEURO Fuels Over Rumors Of ECB Abandoning QE ProgramEUR/USD plunged yesterday to 1.1109 at which, the pair alerted for trend reversal as the downside prevailed, but as rumors were leaked that the ECB could bring some new measures regarding Quantitative Easing Program being removed as a headline (Reuters), the pair reversed its destination and rallied with +96-pips daily price action, landing in 1.1205 high. Negative U.S Consumer Confidence yesterday contributed to cable rallies.Technically EUR/USD closed at 1.1185, above its daily 10-EMA at 1.1155 which promises of further attacks upward seeing last week's highs. Currently the pair is trading 1.1172 at 7-EMA (D1), and in ...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 May 31, 2017 Author Share Posted May 31, 2017 FxGrow Daily Technical Analysis – 31st May, 2017By FxGrow Research & Analysis TeamGBP/USD Technical OverviewWith absence of economic data on both Sterling and U.S Dollar, the pair should trade technically.Trend: Bearish /Sideways (H1)Pivot: 1.2835Preferable scenario: Short positions below pivot 1.2835 holds further dips seeing 1.2787 (S1), in case of penetration next station should be 1.2740 (S2), then (S3) at 1.2700. (H1 supports)The alternative case, if GBP/USD stayed above pivot 1.2835, expectations for further attacks at (R1) 1.2882 first. If (R1) failed, potentials for additional hikes seeing (R2) at 1.2925, next (R3) 1.2960. (H1 Resistances)Comment: keep an eye on U.S Index levels, he upward potential is likely to be limited by the resistance at 1.2840.MACD indicates bearish momentum (H1).RSI indicates bearish momentum (H1).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 May 31, 2017 Author Share Posted May 31, 2017 FxGrow Daily Technical Analysis – 31st May, 2017By FxGrow Research & Analysis TeamNegative Chinese Data Tackles The Aussie Ahead of local Retail SalesAustralian Dollar peeked to 0.7475 high on Wednesday's early sessions, but the incline journey was tackled by negative Chinese Manufacturing and Non-Manufacturing PMI, as a result AUD/USD lost -46-pips and landed on 0.7429 low for today's session. On the other hand, the Aussie still fails to take advantage of weaker U.S Dollar as the Index dipped today to 96.98 low.Currently the pair is trading 0.7435, still below its daily 50-EMA at 0.7490, and daily 200 and 100 EMA at 0.7515 as indication of bearish momentum, but AUD/USD has a make a reverse turn ...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 1, 2017 Author Share Posted June 1, 2017 FxGrow Daily Technical Analysis – 1st June, 2017By FxGrow Research & Analysis TeamOPEC and Non-OPEC Rift Fluctuates Oil levels, Awaiting U.S InventoriesCrude oil surged yesterday to 49.69 high and touched its 50-EMA which signaled a bullish momentum build-up, but as market failed to sustain the highs, and closing at 48.61 below its 200-daily-EMA, the up trend faded away and instead, the downside still prevails for the black gold commodity. Today, oil prices clocked 49.05 high and has the chance to add more profits as market awaits Trump's decision is on a stand-buy motion on his in-take about global climate regulations, to be announced today at 7:00 PM GMT."If he actually withdraws the U.S from the climate accord, this would signal his intention to further roll-back emission regulations that would favor the use and demand of fossil fuels, thus giving a much needed boost to oil prices," said Jonathan Chan, investment analyst at Phillip Futures in Singapore.Yesterday's oil fluctuation prices were due to...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 1, 2017 Author Share Posted June 1, 2017 FxGrow Daily Technical Analysis – 1st June, 2017By FxGrow Research & Analysis TeamGold Retreats As Déjà vu Ahead of U.S DataGold peeked yesterday to 1274.13 with expectation for further advances as market over-passed 1270 level (R1), and closed at 1268.85. But as previous retreats for gold abandoning 1270 level and 1275 (R2) still creeps into mind, which justifies the precious metal retracements.Technically, gold remains above its daily 50-EMA at 1250, which sustains the bullish momentum and Gold destination remains upward, but in case market closed today below 1250 (S3), the trend will shifty bearish and the expectations for further decline prevails. Expectations for penetration for support and resistance levels should be taken into consideration due to U.S Data release shortly.Trend: Bullish SidewaysResistance levels : R1 1270, R2 1275, R3 1280, R4 1288Support levels : S1 1265, S1 1259, S3 1254, S4 1251Comment: Gold remains bullish as long as market closes above 1250, otherwise, trend reversal should be taken into consideration. Expect spikes to fight R2 and R3 levels as recent behavior. Also, dips should fight S1 and S3 levels. Look forward for U.S Data which is a main player today for gold.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 5, 2017 Author Share Posted June 5, 2017 FxGrow Daily Technical Analysis – 5th June, 2017By FxGrow Research & Analysis TeamAussie Pushes Higher Ahead of RBA StatementAustralian Dollar managed finally to take advantage from weak U.S Dollar performance after disappointing NFP data pushing AUD/USD with +0.74-pips with 0.7446 high for Friday’s ending sessions.Today, the pair bullish momentum took a lifting hand first by local Australian Company Operating Profits q/q at 6.00 % with forecasts placed at 5.1%, but the main booster was upbeat Chinese Caixin Services PMI at 52.8% booking 51.5% on previous sessions. As a result the pair added +65-pips for Monday sessions with 0.7486 high.Currently the pair is trading 0.7475, slightly below its daily 50-EMA and if market closed above 0.7481 (50-EMA). The next test for ADU/USD will be 0.7500, daily 200-EMA and in case the pair closed 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 6, 2017 Author Share Posted June 6, 2017 FxGrow Daily Technical Analysis – 6th June, 2017By FxGrow Research & Analysis TeamEUR/USD Remains Bullish Despite the Correction PhaseEUR/USD fails for the second trading session this week to overpass 1.1285 (Friday's highs), with yesterday’s peek up to 1.1283, and today 1.1277. The pair is confined with Friday’s bullish candle shadow which holds further correction mood amid at 1.1220 (S2).But overall, EUR/USD is still trading above its 15-EMA at 1.1177, which keeps bullish forces intact and withhold further potential attacks taking into consideration yesterday’s U.S negative data, pushing the greenback lower as the Index plunged today to 96.47 2017-fresh lows.Fundamentally, Trump with his relentless effort favoring lower U.S Dollar and last week’s rumors about ECB potentially removing QE program fueled EURO but rumors will be tested this ...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 6, 2017 Author Share Posted June 6, 2017 FxGrow Daily Technical Analysis – 6th June, 2017By FxGrow Research & Analysis TeamGold Invades 1280 level Successfully, Currently at 1290 LevelA superb home run for gold today rallying from 1279.61 low, with resistance levels falling like domino bricks and after finishing 1280 successfully, the yellow metal is currently busy with 1290 level after clocking a high at 1293.74 for now, but expectations for advanced inclines seeing 1295 as the first bump (R1) with previous setbacks from this point. In case gold over passed it, there are no restrictions for XAUUSD seeing 1300+ as next conquest.In absence of macro-economic interpreting the sharp rallies and reasons for heavy demand for gold today, UK coming elections this Thursday June 8th could be ...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 6, 2017 Author Share Posted June 6, 2017 FxGrow Daily Technical Analysis – 6th June, 2017By FxGrow Research & Analysis TeamUK Election With Potential Impact On Forex MarketThursday, June 8th 2017, UK election will take place and market will undergo sharp volatility with a reminder of how Sterling was a on chaotic ride between ups and downs during Brexit, but perhaps this time with less severe volatility, but there will be action in the market bringing opportunities for traders.The latest general election polls indicates that the gap between Labour and the Conservatives has narrowed further still. As uncertainties are still hoovering without any clear signs on how final result could end. At such moments, gold (as safe haven) will be the greatest winner during UK election and today's sharp rallies are only a starter and it will prolong before and after the election take place depending on the final outcome, along with it GBP. Below are possible scenarios on what market should expect...Note: During and after coming UK General Election, FxGrow will introduce:1 -NO CHANGES IN MARGIN REQUIREMENTS2- NO CHANGES IN MAX. LEVERAGE AVAILABLE.3- FULL NEGATIVE BALANCE PROTECTION.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 7, 2017 Author Share Posted June 7, 2017 FxGrow Daily Technical Analysis – 7th June, 2017By FxGrow Research & Analysis TeamCrude Oil Dips Over Fears of Market Glut, Awaiting U.S InventoriesCrude oil failed for the 8th consecutive session to break above $50 bp, taking a gradual decline ladder flirting with 46.70 support level, still below its 200-EMA daily level at 49.10.Middle east tension, specifically Gulf and the media throw-stone between Arab nations was seen in two perspectives.First market suspected that the rift could affect crude supply with shortage pushing oil yesterday to $48.38.Second, as image was getting clearer, the thought that Gulf tension could affect OPEC cut extension with fear that the rift could result in breaking the output deal with possibility that market could witness a glut pushed oil prices lower at $46.92 bp yesterday despite OPEC's effort through media that the pact still holds and there is no fear for agreed 1.8M output cut. But markets needed 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 8, 2017 Author Share Posted June 8, 2017 FxGrow Daily Technical Analysis – 8th June, 2017By FxGrow Research & Analysis TeamEUR/USD Inches Higher, But Will Super Draghi Deliver?EUR/USD made a test at daily 7-EMA 1.1245 and rebounced successfully but has failed to over top 1.1284 this week high but today, the pair has a chance to surpass recent sessions peeks seeing 1.1300+ as a potential.Currently the pair is trading 1.1258 with low volatility, confined with 17-pips price action, but expectations that EUR/USD will demonstrate a super volatility ahead of ECB Interest Rates decision with expectations high for no game changer especially that inflation is 1.7% in EU, still below 2%. Then Super Draghi will give a speech on behalf of ECB today, and the Gov. will either confirm recent rumors of abandoning QE program which was the main reason for fueling the EURO and keeping it dwelling above 1.1200 successfully. In case Draghi delivered, EUR/USD prepares for a jet ride with incline destination.Market should focus on Draghi's speech and there is scenario that Draghi says that inflation remains low and the ECB sees not reason for changing QE (Quantitative Easing Program), in case this happened, market to take this as ...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 8, 2017 Author Share Posted June 8, 2017 FxGrow Daily Technical Analysis – 8th June, 2017By FxGrow Research & Analysis TeamTechnical and Fundamentals Why Gold Could See 1300+As expected, gold bumped into strong resistance level located at 1295 with +1.16 extra as first test on level, ending Wednesday's session with 1296.16 highest. After that the precious metal has been on a gradual decline retreating with dignity anchoring yesterday at 1282.16 low. Today gold still shows weakness v.s sideways trading greenback between 96.93 high and 96.33 low (U.S Index), and so far XAUUSD scored 1283.19 with expectation for further dips as hourly candle stick shows as a pattern unless gold managed to penetrate 1291 level (R1) and closed above R2 (1295), third destination will be 1305 (R3).But the question is, what makes 1295 and 1305 so critical levels for gold is that currently, XAUUSD stands on the edge of breaking loose seeing 1310+ as a potential is: A closer look at the chart will explain the triangle or zigzag pattern that gold has been demonstrating ...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 12, 2017 Author Share Posted June 12, 2017 FxGrow Daily Technical Analysis – 12th June, 2017By FxGrow Research & Analysis TeamEURO/USD Shows Signs of Recovery but Remains Under PressureAfter a busy week conducted for EURO as ECB kept Interest Rates at 0% basis not tapering with QE purchasing program, a negative shock selling wave pushing EUR/USD to 1.1166 testing a strong support and re-bouncing to 1.1237 high in Friday.Yesterday, the EURO was busy with French Parliament Election and as Macron was set for crushing victory for his party, EUR/USD is showing signs of recovery for today's trading session with 1.1217 high till now, and expectations for more gains as U.S Index plunged to 97.09 low. As for U.S Dollar, the greenback is under pressure with Trump's accelerating events through media in a negative pace which could give a lending hand for EURO.Technically, the pair plunged to 1.1197 low, testing an old support at 1.1190 successfully, and in case EUR/USD managed to ...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 12, 2017 Author Share Posted June 12, 2017 FxGrow Daily Technical Analysis – 12th June, 2017By FxGrow Research & Analysis TeamGold Pushes Higher Seeing Weakness In U.S DollarLast week, gold market witnessed $30.20 loss equal to -320-pips price action, landing on 1264.64 low after peeking to 1296 on Tuesday which indicated signs of bearish momentum and the downside prevailed for the precious metal.Today, gold rallied with almost +$5, peeking 1270.32 as high which can be considered signs of a correction phase, still bearish momentum persists in case gold closed below 1264, 100% confirmation for downtrend destination. However, the morning rally could change ground rules for the commodity, in case gold managed to ...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 13, 2017 Author Share Posted June 13, 2017 FxGrow Daily Technical Analysis – 13th June, 2017By FxGrow Research & Analysis TeamSterling Remains Under Negative Election Spell Ahead of Local DataPM May called for snap elections with effort to increase seats for Conservatives to dominate upcoming political decisions and pave the road for solid negotiation for upcoming Brexit with the EU, but instead, UK citizens strafed May giving her 318 seats instead of 326 (Before Election). As a result the British Pound was on an intensive decline destination associated with heavy selloffs.Since Friday, the pair shed -311-pips, and for three consecutive sessions, the pair flirted with support level 1.2630 with a re-bounce. Today, the pair plunged to 1.2642, and clocked a 1.2683.Fundamentally, Sterling awaits hefty local data today which could put a stop for further declines 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 June 13, 2017 Author Share Posted June 13, 2017 FxGrow Daily Technical Analysis – 13th June, 2017By FxGrow Research & Analysis TeamEUR/USD Trades Flat for The Second Session Ahead of U.S DataFor the consolidation session, EUR/USD has been trading fat, hitting support 1.1190 and re-bouncing successfully. Today the pair dipped to 1.1185 with -5-pips testing, but managed clock 1.1224 high for today after receiving a booster by Positive French NFP with 0.4% compared to 0.3% on previous sessions. However, negative German WPI with -0.7% put an end for EUR/USD rising trend as the pair is currently trading 1.1202 intraday, with efforts to hold the 1.1200 level.EU data is conducted for today, but shortly, the U.S will release PPI and Core CPI which will affect the pair trading shortly as market ...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 13, 2017 Author Share Posted June 13, 2017 FxGrow Daily Technical Analysis – 13th June, 2017By FxGrow Research & Analysis TeamGold Technical Overview Ahead Of U.S DataCurrently gold is trading 1263 after plunging today to 1261.68 low and peeking to 1267.12. Overall, signs of bearish momentum persists for the precious metal but U.S data today and major FOMC statement tomorrow will give a better outlook on how gold will trade for the coming days. Closing above 1265 (R1) with a penetration for R2 1269.50 will re-embrace bullish momentum with additional attacks towards R3 at 1274.17.The other scenario (currently preferable), gold broke below 1265 and tested first support level at 1261.54, in case of penetration, next ...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 14, 2017 Author Share Posted June 14, 2017 FxGrow Daily Technical Analysis – 14th June, 2017By FxGrow Research & Analysis TeamCrude Oil Desperately Pushes higher With Failure, U.S Inventories EyedCrude Oil traded below $50 bp benchmark for the past two weeks, still receiving mixed signals by both OPEC and increasing U.S inventories output and with that, traders are taking precaution measures, avoiding the black gold commodity trading. On Monday, oil peek recorded $46.69 bp weekly high but failed to hold soft gains, still closing below 46.00 level.Recent political tension in middle east including Qatar and Saudi Arabia fueled oil prices with $48.20 bp high, but as both opponents pledged for the market that despite the rift that's still going on will, OPEC deal or output production still runs ...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 14, 2017 Author Share Posted June 14, 2017 FxGrow Daily Technical Analysis – 14th June, 2017By FxGrow Research & Analysis TeamFOMC: Fundamental and Technical OverviewMarkets is anticipating a definite rate hike with an additional 0.25% to current 1.00%. Currently, odds are at 100%, confirmed by major sources. In case FOMC delivered a rate increase, the question that follows is how will the FOMC's statement address Inflation and balance sheet.Job sector is out performing recently but inflation last reported in April shows 2.2%, still on gradual decline last reported on Feb 2017 at 2.7%, not stable at 2% target as U.S Fed sees ultimate.Beside (Inflation??), Yellen will have to answer for $4.5 trillion balance sheet supporting US Reserve needs with a surplus, far from market requirement. In case the statement kept asset purchasing without a reduction or setting a specific date, this could send a negative shock to market that could limit U.S Dollar gainsAnother matter still revolves in mind, Yellen promised three rate hikes for 2017. Once was delivered on March, second is expected ...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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