Filtered by date: 28.08.2019. Clear
  • German Ifo Falls For 11th Consecutive Month

    It has been another poor showing for German data this week as both the German IfO readings released on Monday and Q2 GDP released on Tuesday have highlighted further weakness in the second largest economy in the eurozone. German Ifo Falls Again The Ifo reading on Monday showed an eleventh consecutive monthly drop over August […]

  • China Cannot Stop Importing Iranian Oil

    China’s crude oil import figures released by customs administration on Tuesday were interesting not only because of consumption trend, but also because of a such political nuance as China’s compliance with the US oil embargo against Iran.

  • ECB Easing to Weigh on EURAUD

    AUD price action has been highly subdued over recent months given the deterioration in trade relations between the US and China. Following the announcement from Trump that he would be placing a fresh 10% tariff on a further $300 billion of Chinese goods as of September 1st, China responded by devaluing the Yuan, which sent […]

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

    XAUUSD bounced off 1534.37 where it could potentially rise further to 1543.83. 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 98.06 where it could potentially drop further to 97.27. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • USDCHF potential reversal!

    USDCHF expected to rise up to 1st resistance at 0.98386 where it could potentially react off and drop down to 1st support at 0.97140. 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 191.11 where it could potentially rise further to 371.18. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

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