EUR/USD: The EUR/USD has moved sideways so far this week; in the context of an uptrend. It is possible for the price to test the resistance lines at 1.0950 and 1.1000, but it would pull back eventually, heading towards the support lines at 1.0850, 1.0800 and 1.0750. A movement below the support line at 1.0750 would result in a bearish bias.
USD/CHF: The USD/CHF trended a bit upwards yesterday – in the context of a downtrend. There is a Bearish Confirmation Pattern in the market, and further bearish movement is possible until the EUR/USD drops significantly. Some fundamental figures are expected today and they may have an impact on the market.
GBP/USD: The Cable is now going
northwards slowly and gradually. There is still a visible bullishness in the
market, and the distribution territories at 1.2950, 1.3000 and 1.3050 could be
tested within the next few days. There remains a Bullish Confirmation Pattern
in the 4-hour chart.
USD/JPY: This market has gone upwards by 140 pips this week; having moved upwards by over 310 pips since April 25, 2017. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. The further northward journey is anticipated, for the price could reach the supply levels at 113.00, 113.50 and 114.00 within the next several trading days.
EUR/JPY: The movement on the
EUR/JPY is nearly similar to the movement on the USD/JPY. Price has gone upwards
by 140 pips this week, having moved upwards by 370 pips since April 24. The
next targets for bulls are located at the supply zones at 123.00 and 123.50.
The targets may even be exceeded; though the current bullish bias could be
affected by the events surrounding Euro.
The material has been provided by InstaForex Company – www.instaforex.com
The post Daily analysis of major pairs for May 4, 2017 appeared first on forexnewstoday.net.
Here's what's on the economic data/event calendar for today 4 May 2017
The FOMC have given their latest thought to the market and although not ground breaking it's been enough to have desks buying a few US$
The post Economic data coming up in this session 4 May appeared first on Forex news forex trade.
No rate changes out of yesterday’s FOMC rate decision communication. The Fed is still aiming for 2 more hikes for 2017. The Fed statement also noted slower economic growth in the first quarter this year, but dimissed that as transitory. The US central bank when on to say that labour market and inflation continued to be robust.
The post No rate changes from FOMC, but USD holds well appeared first on Forex news forex trade.
The British Pound and the US Dollar may brush off incoming economic data as BOE and Fed monetary policy expectations become increasingly entrenched.
The post British Pound, US Dollar May Brush Off Economic Data Flow appeared first on Forex news forex trade.
Retail sales and final Purchasing Managers' survey data from euro area are due on Thursday, headlining a busy day for the European economic news. At 1.45 am ET, the State Secretariat for Economic Affairs is slated to release Swiss consumer sentiment survey data. The index is forecast to rise to 3 in April from -3 in prior quarter.
The post European Economics Preview: Eurozone Retail Sales, Final PMI Data Due appeared first on Forex news forex trade.
استقرت غالبية مؤشرات الأسهم الأمريكية في ختام تداولات الأربعاء في أعقاب قرار الاحتياطي الفيدرالي الذي ألمح من خلاله إلى إمكانية رفع الفائدة في اجتماع الشهر القادم. وارتفع مؤشر “داو جونز” الصناعي 8 نقاط إلى 20958 نقطة، بينما انخفض مؤشر “نازداك” (- 23 نقطة) إلى 6072 نقطة، كما تراجع مؤشر “S&P 500” القياسي (- 3 […]
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ارتفعت تقديرات الأسواق لاحتمال رفع مجلس الاحتياطي الفيدرالي لأسعار الفائدة الأمريكية في اجتماعه المقرر عقده في يونيو/حزيران المقبل إلى قرابة الـ94% اليوم الأربعاء. وتأتي هذه التقديرات مقارنة مع احتمال نسبته 67% قبل اتخاذ أعضاء البنك المركزي قراراً بالإبقاء على أسعار الفائدة دون تغيير، وتركها في النطاق بين 0.75% و1%. ومن جانبه قال “لوك بارثولوميو” المحلل […]
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Dear traders,FreshForex cautions the clients that high volatility, spread extension and gaps are possible due to second round of French presidential elections on May 7, 2017.The first round of elections caused significant price gaps on a number of European trading instruments at market opening on April 24, that led to slippage of Limit orders and Stop-loss orders, and Stop Out on trading accounts.In case of trading conditions change on the liquidity provider’s side, in accordance with the Regulatory documents the Company reserves the right to:increase spread size; increase Limit&Stop levels; decrease leverage size to the maximum of 1:100; impose Close Only mode or suspend trading; close trading orders two hours before session closing on Friday 05/05/2017 at current market prices in accordance with paragraph 4.12 of Regulation for Trading Operations. In order to save your funds consider reducing open trades volume, or topping up your account and maintaining high margin level (no less than 500%).If you have any questions, don’t hesitate to contact us:via Online support chat; via ticket system in your Personal Area; by email email@example.com; by filling out special form on the website; or by phone +442070992124. Good luck in trading!
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The post Company News – FreshForex: Possible Trading Conditions changes appeared first on Forex news forex trade.
The post Company News – FreshForex: Possible Trading Conditions changes appeared first on forexnewstoday.net.