Day: May 19, 2018

May 19
2018

Weekly Forex Technical Analysis (May 21 — May 25)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1435 1.1593 1.1682 1.1839 1.1928 1.2085 1.2174 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1575 1.1647 1.1822 1.1894 1.2068 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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May 19
2018

USD Ends Week Second Strongest, Analysts Unconvinced by Rally

The US dollar ended the week as the second strongest currency on the Forex market, losing only to the Swiss franc. Yet some market analysts said that the rally was unconvincing due to a range of political factors that were weighing on the greenback. One of the major reasons for the dollar’s rally was political uncertainty in the eurozone. Specialists were worried that Italy’s ruling Eurosceptic coalition will clash with the European Union. Additionally, the European Central […]

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May 19
2018

Weekly Forex Technical Analysis (May 21 — May 25)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1435 1.1593 1.1682 1.1839 1.1928 1.2085 1.2174 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1575 1.1647 1.1822 1.1894 1.2068 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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May 19
2018

Yuan May Gain Ahead of MSCI Inclusion; Risk from Trade Disputes Remains

Fundamental Forecast for CNH: Bullish The Yuan will likely benefit from capital inflows boosted by A shares’ inclusion in MSCI indices. Positive signals were seen around US-China trade talks; yet, major breakthroughs are still needed. China and Germany may seek more mutual interests amid the global trade concerns. How to trade news? Learn with DailyFX […]

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May 19
2018

Brent Crude Steams Higher: Oil Sees 6th Weekly Gain, Tops $80

Fundamental Forecast for USOIL: Bullish Talking Points: The ONE Thing: Crude moved higher on a multitude of factors for the sixth straight week. The consecutive weekly gains is the longest stretch since 2011 as the market is seen as balanced thanks in part to OPEC production cuts alongside fears that Iranian sanctions could tighten the […]

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May 19
2018

S&P 500, DAX & FTSE – Maintaining a Bullish Stance

Talking Points: FOMC minutes on Wednesday; S&P holding strong German/Euro-zone economic calendar light; DAX back to a record? U.K. CPI and GDP in week ahead; FTSE from free-fall to new high For the intermediate-term technical and fundamental outlook, check out the DailyFX Q2 Forecasts. S&P 500 Next week, the biggest event on the economic calendar […]

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