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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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Daily analysis of EUR/JPY for MaY 27, 2016

Daily analysis of EUR/JPY for MaY 27, 2016

Overview The EUR/JPY price again failed to surpass the initial resistance at 123.15. It was forced to form bearish waves to settle at 122.60 as you can see at the image above. In spite of the previous negative pressure, stability of the support at 122.20 is backing the bullish movement in the upcoming period

Daily analysis of USD/JPY for May 27, 2016

Daily analysis of USD/JPY for May 27, 2016

Overview The price continues forming strong obstacle against the USD/JPY pair’s positive attempts, which forces the price to fluctuate within a sideways track and show some slight negative trading. Stochastic continues attempting to gather the positive momentum in the daily time frame. In general, we will continue suggesting the bullish trend on the intraday and short-term basis unless breaking the 106.63 level

Daily analysis of Gold for May 27, 2016

Daily analysis of Gold for May 27, 2016

Overview The gold price has been trading sideways in a tight range since morning settled at $1,220.00 as long as the price is below $1,243.17. So our bearish trend expectations will remain valid and active for the rest of the day, supported by the negative pressure that comes from the EMA50; current stochastic positivity explains the reasons for the sideways fluctuation.

Daily analysis of Silver for May 27, 2016

Daily analysis of Silver for May 27, 2016

Overview The silver price managed to end yesterday’s trading below the bullish channel’s support shown on the chart after the EMA50 formed a solid resistance barrier. It stopped recent positive price attempts, which supports the continuation of the bearish bias in the upcoming sessions, reinforced by stochastic negativity. Therefore, we still expect the bearish on the intraday and short-term basis with targets reaching 15.87 then 15.37.

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Technical

Global macro overview for 27/05/2016

Global macro overview for 27/05/2016

Global macro overview for 27/05/2016: Japan’s Consumer Price Index dropped for a second straight month in April to the level of -0.3% ( -0.4% expected; -0.1% prior). The national core consumer prices, which exclude fresh food, dropped 0.3% in April from a year earlier, equaling the multi-year low hit in March

Technical analysis of NZD/USD for May 27, 2016

Technical analysis of NZD/USD for May 27, 2016

NZD/USD is expected to trade with a bearish bias as Key resistance at 0.6770.

Technical analysis of EUR/USD for May 27, 2016

Technical analysis of EUR/USD for May 27, 2016

When the European market opens, no economic news will be released for today. However, the US will publish such economic data as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Prelim GDP Price Index q/q, Prelim GDP q/q. So amid the reports, EUR/USD will move low to medium volatility during this day

Technical Analysis #C-BRENT : 2016-05-26

Technical Analysis #C-BRENT : 2016-05-26

Psychological level of $50 per barrel Brent oil barely reacts on positive data. They failed to hit a fresh high on Wednesday despite the substantial fall in US oil stockpiles… Read more »

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