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USDOLLAR at Cross Roads Heading Into 2Q- Initial Support 11970

USDOLLAR at Cross Roads Heading Into 2Q- Initial Support 11970

Talking Points USDOLLAR posts outside reversal candle off confluence resistance Immediate focus is on break of 11970-12030 range Updated targets & invalidation levels USDOLLAR Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook: The Dow Jones FXCM U.S. Dollar Index (Ticker: USDOLLAR) is attempting to mark an outside day reversal off confluence resistance at 12030 . The index is coming off a 6-day advance from slope support at 11854 with our immediate outlook lower while within the confines of the descending median-line formation extending off the mid-January high.

Retail FX Remains Net-Short EUR/USD Ahead of Euro-Zone CPI

Retail FX Remains Net-Short EUR/USD Ahead of Euro-Zone CPI

Talking Points: – Retail FX Remains Net-Short EUR/USD Ahead of Euro-Zone CPI.

Webinar: Month / Quarter End Setups- USD Crosses in Play Ahead of NFP

Webinar: Month / Quarter End Setups- USD Crosses in Play Ahead of NFP

Talking Points We’re heading into the close of the month / quarter this week and while we’ll want to stay nimble, the focus remains on the AUDUSD , USDCAD & GBPJPY setups highlighting last week.

Post-Easter US data paints a downbeat outlook for near-term growth

Post-Easter US data paints a downbeat outlook for near-term growth

Home > Market Analysis > Market News > Post-Easter US data paints a downbeat outlook for near-term growth Market News & Analysis Market News Forex News Economic Calendar 2016 Technical Analysis News Trading Videos Company Reporting Dates Our Market Analysts Kathleen Brooks James Chen Ken Odeluga Fawad Razaqzada Matt Weller It’s been an exceedingly slow start to the week with most of Europe out of the office for an extended holiday weekend, but trade is starting to pick up modestly heading into the US session. Traders got their first taste of what should be an active week of economic data with the release of the February’s US Core Personal Consumption Expenditures (PCE) figure, as well as Personal Income and Spending data for that month. Core PCE is the Fed’s preferred inflation number, and with recent improvements in wages and the more widely-watched Consumer Price Index (CPI) indicator, hopes were high that Core PCE would confirm growing price pressures in the US economy

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Fundamental

Daily analysis of EUR/JPY for July 22, 2016

Daily analysis of EUR/JPY for July 22, 2016

Overview The EURJPY pair repeated fluctuations between the initial support 116.80 and 118.50 resistance yesterday as fading bullish momentum causes the current swings. Stochastic settles around 50 levels as shown on the chart.

Daily analysis of EUR/USD for July 22, 2016

Daily analysis of EUR/USD for July 22, 2016

Overview The EURUSD pair has not shown any strong moves since morning still fluctuating around 1.1025 levels and holding steadily below 1.1067. The EMA50 keeps placing the intraday trading under negative pressure

Daily analysis of Gold for July 22, 2016

Daily analysis of Gold for July 22, 2016

Overview The gold price showed some bearish bias after it found sold resistance formed by the EMA50. Besides, Stochastic shows negative signals that might push the price for more negative attempts before turning back to rise. In general, we still expect the bullish trend for the upcoming period unless breaking and holding below 1,297.75 levels

Daily analysis of Silver for July 22, 2016

Daily analysis of Silver for July 22, 2016

Overview The silver price rebounded bearishly after the first test to the previously broken intraday trend line (turned into resistance now at 19.95) accompanied by the overbought signals that appear on Stochastic.

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Technical

Technical analysis of USD/CHF for July 22, 2016

Technical analysis of USD/CHF for July 22, 2016

USD/CHF is expected to trade with a bullish bias above 0.9825. The technical picture remains positive above its key support at 0.9825, which should limit downward attempts.

GBPCHF Technical Analysis for July 22, 2016.

GBPCHF Technical Analysis for July 22, 2016.

Technical outlook and chart setups: The GBP/CHF pair had pushed higher and made a fresh intermediary top at 1.3100 levels earlier. Since then, there has not been much change with respect to price action, and the pair has been drifting sideways, with a positive momentum though. The pair is seen to be trading at 1.3025/35 levels at the moment and should be looking to break higher.

Global macro overview for 22/07/2016

Global macro overview for 22/07/2016

Global macro overview for 22/07/2016: The European Central Bank decided to leave interest rates unchanged at the level of 0.0%, together with the deposit facility rate at -0.40% and marginal lending facility at 0.25%. During the press conference, ECB head Mario Draghi signaled that he is prepared to add more monetary stimulus later in the year if needed. Moreover, he mentioned that the Brexit had added to “headwinds” for the eurozone’s economy, which, as a result, increased geopolitical uncertainty

EURJPY Technical Analysis for July 22, 2016.

EURJPY Technical Analysis for July 22, 2016.

Technical outlook and chart setups: The EUR/JPY pair has finally dropped lower after reversing from 118.47 levels, just a few pips higher than projected earlier. Please note that EUR/JPY may be carving out a flat A-B-C structure and could possibly drop lower towards 115.30 levels at least

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