Day: May 12, 2018

May 12
2018

Weekly Forex Technical Analysis (May 14 — May 18)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1695 1.1759 1.1850 1.1914 1.2006 1.2070 1.2161 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1766 1.1864 1.1921 1.2019 1.2076 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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May 12
2018

Weekly Forex Technical Analysis (May 14 — May 18)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1695 1.1759 1.1850 1.1914 1.2006 1.2070 1.2161 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1766 1.1864 1.1921 1.2019 1.2076 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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May 12
2018

US Dollar Enters Consolidation, Ending Week Flat

The US dollar entered a consolidation mode, ending the week flat against most of its major rivals. As for other currencies, the Canadian dollar and the Great Britain pound were the strongest, while the New Zealand dollar ended the week extremely soft. The greenback was rising in the first half of the week, but reversed the rally after consumer inflation data came out weaker than was expected. Still, the currency remained supported by the policy outlook. […]

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May 12
2018

Crude Oil Forecast: Trump Drops Iran Deal, Bulls Remain In Charge

Fundamental Forecast for USOIL: Bullish Talking Points: The ONE Thing: The crude bull train does not appear to be slowing down. Crude oil has been on a historic run to recently tag the 100% Fibonacci expansion, but increasing demand and potential supply shocks favor further strengthening of the energy market. Energy stocks show biggest S&P […]

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May 12
2018

S&P 500, DAX & FTSE – Rally More, or Due for a Test of Strength?

Talking Points: Light economic calendar next week; S&P trying to put thoughts of a top to rest German & Eurozone GDP, ZEW figures due out; can the rally last? BoE held on rates, FTSE rallied; record highs lie ahead For the intermediate-term technical and fundamental outlook, check out the DailyFX Q2 Forecasts. S&P 500 Next […]

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May 12
2018

US Consumer Confidence Fends Off Expected Further Retreat From Record High

Talking Points: The sentiment report beat expectations of 98.3, reading 98.8 for the second consecutive month The measure hit its highest level in 14 years in March, reading 101.4 Survey respondents overwhelmingly confident of future interest rate hikes by the Federal Reserve Learn the number one mistake traders make when trading. Download our Traits of […]

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