Day: May 26, 2018

May 26
2018

Weekly Forex Technical Analysis (May 28 — Jun 1)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1402 1.1524 1.1586 1.1708 1.1771 1.1893 1.1955 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1509 1.1557 1.1693 1.1741 1.1878 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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May 26
2018

Japanese Yen Ends Week Strongest amid Risk Aversion

The Japanese yen ended the week as the strongest among the major currencies, supported by risk aversion. Market participants were seeking a safe haven amid geopolitical tensions and economic worries, and that led them to the safety of Japan’s currency. The market sentiment was very optimistic at the start of the week as it looked like prospects for a trade war between the United States and China were waning. Yet the optimism quickly evaporated after US President Donald […]

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May 26
2018

Weekly Forex Technical Analysis (May 28 — Jun 1)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1402 1.1524 1.1586 1.1708 1.1771 1.1893 1.1955 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1509 1.1557 1.1693 1.1741 1.1878 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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May 26
2018

Yuan May Benefit from Capital Inflows, Trade Talks and Chinese PMI

Fundamental Forecast for CNH: Bullish A surge of capital inflows driven by MSCI’s inclusion could continue around the effective day. A detailed trade deal may be reached in the 3rd round talks; long-term outlook remains uncertain. May PMI manufacturing gauges may improve and add evidence to a sustainable recovery. How to trade news? Learn with […]

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May 26
2018

S&P, Dow, DAX & FTSE – A Cautionary Pause Begins to Show

Talking Points: Next week is big for the US markets after the Monday holiday . US Equity markets remain in a state of consolidation as we approach the June rate decision out of the FOMC. European and British markets, however, have both posed reversals that carry the potential for more. Are you looking for longer-term […]

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May 26
2018

Crude Spills on Saudi’s Proposed Increase, Short-Term Top Likely

Fundamental Forecast for USOIL: Neutral Talking Points: The ONE Thing:Saudi turning on the spigots may lead to lower prices, but bullish environment remains. OPEC rhetoric is rightly center stage as oil traded notably weaker toward week’s end. Saudi Arabia’s oil minister, Ali-Falih, said he sees a ‘likely’ oil supply boost in H2 2018. Per BHI, […]

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