• GBPJPY potential reversal!

    GBPJPY expected to rise up to 1st resistance at 135.313 where it could potentially react off and drop down to 1st support at 134.609. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • EURUSD approaching support, potential for a bounce!

    EURUSD is expected to drop to 1st support at 1.11954 where it could potentially react off and up to 1st resistance at 1.12458. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    GBPJPY bounced nicely towards our target.

  • Could the USD/RUB Drop?

    The russian ruble closed the trading week at the 63 level and is currently preparing for its next move.

  • Key economic events and reports of the upcoming week

    Tuesday, July 23, 2019 – Existing Home Sales (Jun)(USD).

  • IEA’s Birol: Oil consumption forecast can be revised to the downside in the coming months

    The International Energy Agency (IEA) cut forecast for oil consumption in 2019 due to flattening growth of the global economy and persisting risks from trade standoff between US and China, said Fatih Birol, the head of organization.

  • Fed Williams’ “Brilliant Failure” in Communication Sparked jolt on the Markets

    After it became clear that the Fed is going to cut rates in July, market expectations had a room to develop only towards the most bearish outcome (50 bp cut), pressuring dollar and pushing safe heavens and bonds higher.

  • GBPJPY approaching support, potential for a bounce!

    GBPJPY is expected to drop to 1st support at 134.567 where it could potentially react off and up to 1st resistance at 135.140. 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 0.98479 where it could potentially react off and drop down to 1st support at 0.98109. 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 97.04 where it could potentially react off and drop down to 1st support at 96.58. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • USDJPY approaching resistance, look out for potential reversal!

    USDJPY is approaching its resistance at 107.570 where it is could reverse down to its support at 107.250. 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.

  • Policy Bias in China: Fighting with Credit Leverage or Adding more Stimulus?

    A key gauge of the debt burden in Chinese economy exceeded 300% of GDP, the Institute of International Finance reported.

  • Gold Attempts to Approach the 1500 Level!

    Today we review the current status of gold and future perspectives of the cross-rate of currency pair GBP/USD.

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

    USDCHF bounced off its support at 0.98524 where it could potentially rise further to 0.98735. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.