Day: May 5, 2018

May 5
2018

Weekly Forex Technical Analysis (May 7 — May 11)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1640 1.1776 1.1868 1.2003 1.2096 1.2231 1.2324 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1765 1.1847 1.1993 1.2075 1.2221 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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May 5
2018

Weekly Forex Technical Analysis (May 7 — May 11)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1640 1.1776 1.1868 1.2003 1.2096 1.2231 1.2324 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1765 1.1847 1.1993 1.2075 1.2221 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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May 5
2018

Yuan May Lose on Weak Exports, Gain on Warmer China-Japan Relations

Fundamental Forecast for CNH: Neutral The US and China still hold “big differences” in trade despite of the high-level meetings. China may have less incentive to support the Yuan while exports and trade balance worsen. Warmer China-Japan relations may ease investors’ concerns in holding Yuan assets. How to trade news? Learn with DailyFX Free Trading […]

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May 5
2018

Crude Oil Forecast: Iran Drops ’B’-Word on US, Prices Stay Elevated

Fundamental Forecast for USOIL: Bullish Talking Points: The ONE Thing: Bets are rising that Trump will exit the Iran Accord on May 12 after Israeli PM Netanyahu called Iran liars, only to have Iran call Trump a bully. It seems like Trumps style is catching on. The popular move is to talk about how much […]

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May 5
2018

Bullish DAX Momentum Gathers Pace, S&P 500 Remains Bid Following FOMC

For the intermediate-term technical and fundamental outlook, check out the recently released DailyFX Q2 Forecasts. Equity prices remain bid going into the second week of May, with the near-term outlook for the DAX tilted to the topside, while the S&P 500 looks poised for a breakout amid the narrowing threat for a global trade war. […]

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May 5
2018

Swiss Initiative Proposes Sovereign Money System; Posing Risk to Franc

Talking Points: Initiative proponents claim that only 10% of current money supply is from the Swiss National Bank The sovereign money scheme intends to protect tax-payers from bailing out banks Swiss National Bank Chairman Thomas Jordan warns the move would damage Swiss economy If implemented, the system may pose significant risks to the Franc’s status […]

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