Daily Outlook Friday 10th July 2015 Greece sent its proposals to Brussels late last night while Chinese stocks had their 2nd day of impressive +5% gains following the selloff that took place last week. This caused a rally in EURUSD, AUD, NZD as well as global indices. EURUSD is trading… read more
Daily
The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.
You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.
Bullet Report
July 9, 2015Daily Outlook Thursday 9th July 2015 Markets are in a recovery mode today as new developments in equity and FX markets have eased investors’ concerns. In China, Shanghai Index is recovering after the government banned big shareholders from cutting stakes for the next 6 months. Most Asian indices are trading… read more
Morning Technical Report
July 9, 2015Medium Term Strategy: Forex Pair of the day USD/RUB – continuation of the rebound The 20-day moving average crossed upward both the 50-day and 200-day moving averages. In addition, the daily RSI is supported by a rising trend line. Therefore, as long as 52.30 holds as a support (horizontal support… read more
Bullet Report
July 8, 2015Daily Outlook Wednesday 8th July 2015 The latest developments regarding Greece include a deadline for an imminent Solution this Sunday. In the meantime, Greece needs to deliver a final proposal for a new aid package that will be much longer than the one that was on the negotiating table 2… read more
Morning Technical Report
July 8, 2015Wednesday 8th July 2015
Bullet Report
July 7, 2015Daily Outlook Tuesday 7th July 2015 Although the FX markets were relatively stable overnight, once again the Chinese stock markets were heavily sold off despite the government’s efforts to revive investors’ confidence. Shanghai composite is trading down more than 3% with other stock indices down as much as 7%. EURUSD… read more
Bullet Report
July 6, 2015Daily Outlook Monday 6th July 2015 Another Monday, another GAP as Greeks sent a message to EU officials with a no VOTE representing 61.8% of total voters. Financial markets in ASIA are hit hard with Nikkei down 1.86%, and Hang Seng 4.24%. In Europe DAX has just opened again with… read more
Bullet Report
July 3, 2015Daily Outlook Friday 3rd July 2015
Bullet Report
July 2, 2015Daily Outlook Thursday 2nd July 2015
Bullet Report
July 1, 2015Daily Outlook Wednesday 1st July 2015
