• USDJPY potential reversal!

    USDJPY expected to rise up to 1st resistance at 109.002 where it could potentially react off and drop down to 1st support at 108.592. 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 97.44 where it could potentially drop further to 97.17. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    DXY bounced perfectly towards our target.

  • PBOC’s gold purchases – a signaling function for the markets?

    Official data for May showed that the Chinese Central Bank continued to diversify its portfolio of assets, reducing investments in US government bonds and increasing physical volumes of gold.

  • Is the British Pound Looking for Support?!

    Today we review the current status of British pound, Aussie and Canadian dollar.

  • EURUSD potential reversal!

    EURUSD expected to rise up to 1st resistance at 1.12711 where it could potentially react off and drop down to 1st support at 1.12070. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • EURJPY approaching resistance, look out for potential reversal!

    EURJPY is approaching its resistance at 121.960 where it is could reverse down to its support at 120.965. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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

    DXY bounced off its support at 97.17 where it could potentially rise further to 97.44. 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 108.740 where it is could reverse down to its support at 107.901. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    USDJPY bounced from support, rising towards our target.

  • Key economic events and reports of the upcoming week

    Tuesday, July 9, 2019 – JOLTs Job Openings (May)(USD), RBNZ Gov Orr Speaks (NZD).

  • As US labor market gets stronger, Fed face more challenges

    US job growth exceeded expectations, NFP report data showed on Friday.

  • NFP preview: aiming for a strong comeback, in order to increase chances for extension of Fed’s “pause”

    After the slight job growth in May of just 75K, investors believe that US labor market will utilize its unexploited potential in June, gaining 160K jobs.

  • Summary

    Gold bounced perfectly towards our target.

  • XAUUSD potential reversal!

    XAUUSD expected to rise up to 1st resistance at 1454.78 where it could potentially react off and drop down to 1st support at 1378.41. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.