• GBPUSD bounced from support, potential for a further rise!

    GBPUSD bounced off its support at 1.23825 where it could potentially rise further to 1.24850. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • EURJPY potential reversal!

    EURJPY expected to rise up to 1st resistance at 121.535 where it could potentially react off and drop down to 1st support at 121.193. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • DXY reversed from resistance, potential drop!

    DXY reversed off its resistance at 97.43 where it could potentially drop further to 97.16. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • USDJPY bounced from support, potential for a further rise!

    USDJPY bounced off its support at 107.875 where it could potentially rise further to 108.566. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    EURUSD reacted off resistance perfectly, dropping to our support target.

  • Market discounts retail sales data focusing on the Fed comments as July meeting looms

    Greenback posted surprisingly muted response to strong US retail sales on Tuesday, despite of actual figures printing almost twice higher than the estimates. Some traders went on vacation, the rest opted to focus on the Fed’s comments, so the mix of lowered trading volumes and weakened importance of the “hard data” only helped Dollar to sustain gains slightly above 97 level during the trading session on Wednesday.

  • Saudi Arabia Under Pressure as the “Oil Market Goes Green”

    Oil prices renewed their decline, maintaining the bearish tone set on Monday. US producers are gradually resuming oil production in the Gulf of Mexico after Hurricane Barry, in what serves as the basis for downbeat expectations for API and EIA inventory updates this week.

  • EURUSD approaching support, potential for a bounce!

    EURUSD is expected to drop to 1st support at 1.12331 where it could potentially react off and up to 1st resistance at 1.12331. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • EURGBP approaching resistance, look out for potential reversal!

    EURGBP is approaching its resistance at 0.90249 where it is could reverse down to its support at 0.90016. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • DXY potential reversal!

    DXY expected to rise up to 1st resistance at 97.17 where it could potentially react off and drop down to 1st support at 96.73. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • USDJPY bounced from support, potential for a further rise!

    USDJPY bounced off its support at 107.875 where it could potentially rise further to 108.566. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    EURUSD dropped nicely as expected.

  • Carry Trade Flows May Gain Momentum as China Finds Path to Recovery

    An upbeat surprise in Chinese economic data for June provided a very limited “quota” for the growing market concerns this week.

  • EURJPY approaching support, potential for a bounce!

    EURJPY is expected to drop to 1st support at 121.453 where it could potentially react off and up to 1st resistance at 121.861. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • XAUUSD potential reversal!

    XAUUSD expected to rise up to 1st resistance at 1439.02 where it could potentially react off and drop down to 1st support at 1387.50. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.