Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers
Page 61 of 66 FirstFirst ... 11515960616263 ... LastLast
Results 601 to 610 of 652

Thread: EUR USD

  1. #601
    Trader
    Join Date
    Jul 2015
    Location
    Medan
    Posts
    49
    Post Thanks / Like
    Credits
    107
    My Language
    Indonesian
    EUR/USD to hit 1.25 in the medium-term - ANZ

    According to a weekend note from analysts at ANZ, the EUR/USD major pair could make a move towards 1.25 in the coming months as fundamentals throughout the Eurozone stabilize.

    Key quotes

    "Trump-Junker trade talks were successful in defusing immediate trade tensions but progress on trade talks is essential in coming months.

    The ECB made no changes to its forward guidance or medium term growth and inflation outlook. However, Draghi did seem more confident in the ECB's growth assessment and the prospect for a sustainable convergence in inflation to target.

    We believe a more positive backdrop for the euro is emerging, having been rocked by trade anxiety and elevated growth concerns in Q2. Stabilising growth and reduced trade anxiety should allow for a gradual EUR recovery in coming months.

    Fundamentally, a weaker EUR is not needed, whilst sustained EUR depreciation could unsettle renewed trade dialogue between Brussels and Washington. Higher US policy rates are not a reason to sell the EUR.

    We advise buying the EUR vs USD at current levels and averaging into any near term weakness. We look for a medium term move towards 1.25 and above."

  2. #602
    Senior Trader
    Join Date
    Nov 2015
    Posts
    142
    Post Thanks / Like
    Credits
    598
    My Language
    English
    USD/CAD WEAKNESS TO PERSIST AHEAD OF FOMC AS BEARISH MOMENTUM PICKS UP
    CANADIAN DOLLAR TALKING POINTS

    USD/CAD gaps lower ahead of the Federal Reserve interest rate decision on August 1, with recent price action raising the risk for a further decline in the exchange rate as the bearish momentum appears to be gathering pace.
    USD/CAD slips to a fresh monthly-low (1.2995) even as the Bank of Canada (BoC) delivers a dovish rate-hikein July, and the Federal Open Market Committee (FOMC) meeting may fuel the recent shift in dollar-loonie behavior as the central bank is widely expected to keep the benchmark interest rate on hold.

    The U.S. Gross Domestic Product (GDP) report may encourage Chairman Jerome Powell & Co. to buy more time as the updates instill a mixed outlook for the economy, and the FOMC may soften its hawkish tone as ‘members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend upon their assessment of realized and expected economic conditions relative to the Committee’s maximum employment objective and symmetric 2 percent inflation objective.’
    With that said, the FOMC may merely stick to the current script, with more of the same from Fed officials likely to fuel the recent depreciation in USD/CAD. However, Chairman Powell & Co. may continue to prepare U.S. households and businesses for higher borrowing-costs as the central bank largely achieves its dual mandate for full-employment and price stability, and a further adjustment in the forward-guidance for monetary policy may trigger a bullish reaction in the greenback as the Fed appears to be on track to implement four rate-hikes in 2018.
    Read more:http://www.xtreamacademy.com/forex-news

  3. #603
    Senior Trader
    Join Date
    Nov 2015
    Posts
    142
    Post Thanks / Like
    Credits
    598
    My Language
    English
    BITCOIN BACK IN THE RED, WITH VOLATILITY TESTING THE BULLS
    It’s another poor start to the day, with Bitcoin managing to steer clear of support levels early. Holding on to $8,100 levels will be key.
    Bitcoin fell by 0.63% on Monday, following on from Sunday’s 0.17% loss, to end the day at $8,168.7.
    A choppy start to the day saw Bitcoin recover from a fall through the first major support level at $8,125.57 to a morning low $8,065.1, bouncing back to an early intraday high $8,301.7, just short of the first major resistance level at $8,315.87.
    Negative sentiment across the market weighed through the late morning and early afternoon, with Bitcoin sliding back through the first major support level at $8,125.57 and second major support level at $8,029.13 to an intraday low $7,861.2 before a late afternoon recovery.
    The break back through the major support levels by the day’s end was certainly a positive, with Bitcoin also managing to steer clear of the 23.6% FIB Retracement Level of $7,857 on the day, the moves affirming the near-term bullish trend that was formed back at 24th June’s swing lo $5,755.
    While the 2nd half of the day recovery saved Bitcoin and the broader market from some quite heavy losses, Bitcoin’s recent string of weekly gains have come in spite of some choppy moves and the start of the week will raise some concerns over what lies ahead, with $8,200 continuing to be a key level, though the positive for the Bitcoin bulls was the level of support at sub-$8,000 levels.
    Read more:http://www.xtreamacademy.com/cryptocurrency-news


  4. #604
    Senior Trader
    Join Date
    Nov 2015
    Posts
    142
    Post Thanks / Like
    Credits
    598
    My Language
    English

    XTREAMFOREX DAILY NEWS

    BITCOIN’S RALLY STALLED BELOW $8000, CRYPTOS ARE BACK IN RED
    In the middle of the previous week the rally got stuck near $8300 level and since then the Bitcoin’s price has slowly decreased.
    Last week it became obvious that the Bitcoin had big difficulties with further growth above $8000. During the weekend, it held above $8,200 mark, but yesterday it suddenly fell below $7900. Most likely, it was “a belated reaction” on SEC refusal to launch the Bitcoin ETF. Nevertheless, shortly after this rollback new buyers entered the market. As a result, trading volumes increased by 22% and the price went back to the latest levels. Market participants evaluated this movement as a large investors’ attempt to prevent the market from the deeper correction.
    After a recovery in the past week, the crypto market is back in the red with Ethereum, Bitcoin, Bitcoin Cash, Ripple and Dash fall more than 5%.
    At the moment technical analysis is not on a bull side. In the middle of the previous week the rally got stuck near $8300 level and since then the Bitcoin’s price has slowly decreased. RSI indicates sell signals due to its coming back again to the levels below 70 after its peaks a week earlier. This is a bear signal, which could be reinforced in case if the price drops below $7850, recent lows. Then, it might be a sell-off signal not only for the technical analysis fans but also for ordinary investors.

    The desperate desire of the enthusiasts to see a new rally outweighs the fundamental basis for the growth. It is very likely that this desire is heated by Tether and Bitfinex exchange speculations. Taking into account the absence of positive drivers, the market is under the threat of correction.
    Among promising news, there was a report from South Korea about the probable launch of transparent cryptocurrency and blockchain regulation in the Q4 of 2018. Korea is the third largest crypto market after the USA and Japan, so it is difficult to underestimate such prospects. The regulation in South Korea almost certainly will lead to a significant growth of crypto assets popularity and an influx of new funds.
    Read more:http://www.xtreamacademy.com/cryptocurrency-news


  5. #605
    Senior Trader
    Join Date
    Nov 2015
    Posts
    142
    Post Thanks / Like
    Credits
    598
    My Language
    English
    EUR/USD FOREX TECHNICAL ANALYSIS – RANGEBOUND WHILE STRADDLING PIVOT AT 1.1680
    Based on Tuesday’s close and the early trade on Wednesday, the direction of the EUR/USD today is likely to be determined by trader reaction to the major 50% level at 1.1680. Basically, we’re going to be rangebound until buyers can take out 1.1751 or sellers can break through 1.1621.
    The EUR/USD posted a two-sided trade on Tuesday under relatively thin trading conditions. The Euro tried to breakout to the upside early but didn’t have enough buying volume to succeed. It seemed traders weren’t too committed to either direction due to Wednesday’s U.S. Federal Reserve announcement.
    In other news, data showed U.S. consumer spending increased solidly in June, while inflation rose moderately. Other data showed employers boosting benefits for workers in the second quarter, but wage growth slowed.

    Daily Swing Chart Technical Analysis

    The main trend is up according to the daily swing chart. However, momentum is down. It’s been sideways to lower since the closing price reversal top at 1.1751 on July 23. A trade through this top will negate the chart pattern and signal a resumption of the uptrend. The main trend will change to down on a move through 1.1621.
    The EUR/USD has been having trouble with the retracement zone at 1.1680 to 1.1720. Although there have been several breakouts through the top end of the zone, buyers have been unable to hold the Forex pair above it. Furthermore, the market hasn’t strayed too far under the lower or 50% level at 1.1680.
    The short-term range is 1.1575 to 1.1751. Its retracement zone at 1.1663 to 1.1642 is acting like support.
    Read more:http://www.xtreamacademy.com/forex-forecast





  6. #606
    Administrator
    Join Date
    Apr 2018
    Posts
    74
    Post Thanks / Like
    Credits
    284
    My Language
    English
    EUR/USD running out of steam near 1.1680

    EURUSD failed to surpass the 1.1700 handle on a convincing note earlier in the session and it has now returned to the 1.1680/75 band.

    Spot remains on the defensive despite key US ISM manufacturing PMI disappointed expectations for the month of July, coming in at 58.1 vs. 59.4 forecasted and down from June’s 60.2.
    Earlier in the session, the US ADP report came in on the strong footing, showing the private sector created almost 220K contracts during last month.
    Looking ahead, the pair should stay under pressure in light of the FOMC meeting, where consensus sees the Federal Reserve refraining from acting on rates

  7. #607
    Senior Trader
    Join Date
    Nov 2015
    Posts
    142
    Post Thanks / Like
    Credits
    598
    My Language
    English
    USD/JPY STRENGTH SPUTTERS AS FED KEEPS KEY INTEREST RATE ON HOLD
    JAPANESE YEN TALKING POINTS

    The recent advance in USD/JPY sputters as the Federal Reserve keeps the benchmark interest rate on hold, but the fresh string of higher highs & lows may fuel the recent advance in the exchange rate as it breaks out of a narrow range.

    The July-high (113.18) remains on the radar following the Bank of Japan (BoJ) meeting as Governor Haruhiko Kuroda & Co. lower the inflation forecast, and the dovish forward-guidance for monetary policy may keep USD/JPY afloat as the central bank remains in no rush to abandon the Quantitative/Qualitative Easing (QQE) Program with Yield-Curve Control.
    The Federal Reserve on the other hand appears to be on track to implement higher borrowing-costs even though the central bank keeps the benchmark interest rate on hold in August, and Chairman Jerome Powell & Co. may continue to prepare U.S. households and businesses for a less-accommodative stance as ‘the Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective over the medium term.’

    In turn, market participants appear to be gearings up for four rate-hikes in 2018 as Fed Fund Futures continue to reflect expectations for a move in September and December, and the FOMC’s hiking-cycle may keep the U.S. dollar bid over the coming months especially as the central bank largely achieves its dual mandate for full-employment and price stability.
    With that said, recent price action fosters a constructive outlook for USD/JPY as it carves a series of higher highs & lows after breaking out of a narrow range, and the exchange rate may make a more meaningful attempt to test the July-high (113.18) going into the U.S. Non-Farm Payrolls (NFP) report as the economy is anticipated to add 192K jobs in July.
    Read more:https://www.xtreamacademy.com/forex-news

  8. #608
    Senior Trader
    Join Date
    Nov 2015
    Posts
    142
    Post Thanks / Like
    Credits
    598
    My Language
    English
    AUD/USD FOREX TECHNICAL ANALYSIS – AUGUST 6, 2018 FORECAST
    Based on the early price action, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the 50% levels at .7397 and .7391. The AUD/USD will strengthen on a sustained move over .7397 and weaken on a sustained move under .7391.
    The Australian Dollar is trading slightly lower early Monday. Volume is low because of the bank holiday in Australia. Later today, investors will get the opportunity to react to the MI Inflation Gauge and the ANZ Job Advertisements report. Early Tuesday, the Reserve Bank of Australia will release its latest interest rate decision.
    At 2330 GMT, the AUD/USD is trading .7395, down 0.0003 or -0.04%.

    Daily Technical Analysis

    The main trend is up according to the daily swing chart. However, momentum is trending lower. A move through .7465 will signal a resumption of the uptrend. A trade through .7318 will change the main trend to down.
    The minor trend is down. This trend indicator is controlling the momentum. A trade through .7442 will change the minor trend to up and shift momentum to the upside. A trade through .7348 will indicate the counter-trend selling is getting stronger.
    The major 50% level at .7397 is controlling the longer-term direction of the AUD/USD.
    The short-term range is .7318 to .7465. Its retracement zone is .7391 to .7373. This zone is support today.
    Combining the two retracement zones makes .7397 to .7391 the key area to watch today.
    Read more:http://www.xtreamacademy.com/forex-forecast





  9. #609
    Senior Trader
    Join Date
    Nov 2015
    Posts
    142
    Post Thanks / Like
    Credits
    598
    My Language
    English
    GOLD PRICE PREDICTION – GOLD CONSOLIDATES JUST ABOVE KEY SUPPORT
    Gold prices continued to trade sideways, edging lower on Monday, as the dollar gained traction. This comes despite Friday’s weaker than expected U.S. employment report that disappointed on the headline number coming out at 157K as opposed to the markets estimate of 190K. Traders will now turn their attention to Friday’s U.S. CPI report which is expected to show an up tick to 2.7%. This coincides with Friday’s hourly earnings report, which shows wage inflation which also increased by 2.7% year over year. With oil prices on the move higher, headline inflation could continue to move higher during the balance of the summer due to increasing gasoline prices. The Chinese Yuan continued to decline versus the dollar closing near a 1-year low, making gold in Yuan more expensive. This could also continue to weigh on prices of the yellow metal. Geopolitical risk is also keeping gold buoyed, ahead of sanction on Iran which begin this week.
    Gold prices are poised to test trend line support which is a horizontal trend line that connects the lows in July 2017 to the lows in July 2018 and comes in near 1,204. A break of this level would generate a quick test of the March 2017 lows at 1,198. Target support after this would be the December 2016 lows at 1,120. Resistance on gold prices is seen near the 10-day moving average at 1,219. Prices are oversold and could rebound. The fast stochastic, is printing a reading of 13, which is well below the oversold trigger level of 20 and could foreshadow a correction. The fast stochastic is also generating a crossover buy signal in oversold territory which is generally considered a buy signal. Momentum as reflected by the MACD (moving average convergence divergence) histogram is neutral as the index is printing near the zero-index level with a flat trajectory which reflects consolidation.
    Read more:http://www.xtreamacademy.com/forex-forecast

  10. #610
    Senior Trader
    Join Date
    Nov 2015
    Posts
    142
    Post Thanks / Like
    Credits
    598
    My Language
    English
    WAIT-AND-SEE RBA TO KEEP AUD/USD UNDER PRESSURE
    TRADING THE NEWS: RESERVE BANK OF AUSTRALIA (RBA) INTEREST RATE DECISION
    The Reserve Bank of Australia (RBA) interest rate decision may keep AUD/USD under pressure as the central bank is widely expected to keep the official cash rate (OCR) at the record-low of 1.50%.
    Fresh comments from the RBA may do little to influence the Australian dollar as the central bank persistently promotes a wait-and-see approach for monetary policy, and officials may continue to tame bets for an imminent adjustment in the cash rate as ‘the low level of interest rates is continuing to support the Australian economy.’

    As a result, the RBA may merely attempt to buy more time, and more of the same from Governor Philip Lowe& Co. may ultimately produce headwinds for AUD/USD especially as the Federal Reserve appears to be on track to implement additional rate-hikes in 2018.
    However, an unexpected shift in the forward-guidance for monetary policy is likely to trigger a bullish reaction as it fuels bets for an RBA rate-hike, and a material adjustment in the central bank rhetoric should heighten the appeal of the Australian dollar as officials prepare to switch gears.

    As expected, the Reserve Bank of Australia (RBA) held the official cash rate (OCR) at the record-low of 1.50% in July, and it seems as though the central bank will stick to the current policy for the foreseeable future as ‘inflation is low and is likely to remain so for some time, reflecting low growth in labour costs and strong competition in retailing.’ The comments suggest the RBA is in no rush to implement higher borrowing-costs as ‘household income has been growing slowly and debt levels are high,’ and Governor Philip Lowe & Co. may stick to the current script throughout 2018 as ‘one uncertainty regarding the global outlook stems from the direction of international trade policy in the United States.’Despite the limited reaction, the Australian dollar gained ground following the RBA meeting, with AUD/USD climbing above the 0.7350 region to close the day at 0.7386.
    Read more:http://www.xtreamacademy.com/forex-news

  11. ARIONFORXtarder
 

 
Page 61 of 66 FirstFirst ... 11515960616263 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2018 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 07:06 PM.
CompleteVB skins shared by PreSofts.Com