Skip to main content

Forex Insight 03-July-2019



EURUSD



  • EUR/USD is consolidating in the lower end of the weekly range around 1.1280 as market participants continue to adjust to the appointment of IMF’s Christine Lagarde to succeed Mario Draghi at ECB.

    • EUR/USD comes under pressure near 1.1280.
    • Yields of the 10-year Bund drop to all time lows near 0.40%
    • The renewed dovish stance from the ECB and USD-dynamics should dictate the price action around the pair in the near term, helped at the same time by the broad risk-appetite trends and the recent positive developments from the US-China trade front. 

    USDJPY

    • USD/JPY struggles near weekly lows, just above mid-107.00s
    • Reviving safe-haven demand benefits the JPY and keeps exerting downward pressure.  USD/JPY struggles near weekly lows, just above mid-107.00s
    • Having failed to capitalize on the weekly bullish gap, the pair remained under some selling pressure for the second consecutive session.
    • The latest optimism over the US-China trade truce faded rather quickly, with resurfacing trade war fears - especially after the US threatened to impose additional tariffs on $4 billion worth of European goods

    GBPUSD

    • GBP/USD is trading below 1.2600 as UK services PMI missed with 50.2.
    • BOE Gov. Mark Carney expressed concerns about the global economy that may lead to a change in policy. US data fell short of expectations.
    • According to the official report, “subdued activity was often attributed to sluggish domestic economic conditions and greater risk aversion among clients in response to ongoing Brexit uncertainty.”

    AUDUSD

    • The AUD/USD pair gained momentum and broke above 0.7000 during the European session.
    • China is Australia's largest trading partner with over 30% of Australian exports going into the second world's largest economy, with the Aussie directly correlated with Chinese growth.
    • Trade tensions have fueled the economic slowdown of the Asian giant, which, in the third quarter of 2018 grew just by 6.5%, the weakest year-on-year quarterly GDP growth since the first quarter of 2009.
    For the Best Forex Signal| Accurate Stock Signal| Profitable Comex Signals, Try Equidious Research Services. We have a team of best and well experienced Research Analysts.
    Trading is an art of making handsome amount.





    Enjoy Trading!
    Labels:

    Comments

    Post a Comment

    Popular posts from this blog

    Know More About- Commodity Currencies Trading

    Currencies of countries that rely heavily on the export of  commodities  are often referred to as  commodity currencies . An important factor that any  forex trader  should consider is that the value of commodity currencies usually rise and fall in tandem with the value of the country's main commodity exports. What Are Commodity Currencies and Pair: Both the value of the  commodity  and the country's trade balance, with respect to the commodity, are significant factors in the valuation of commodity currencies. The most commonly traded commodity currencies are: Canada (CAD) New Zealand (NZD) Australia (AUD) The three  commodity pairs  are: USD/CAD AUD/USD NZD/USD These  pairs  are highly correlated to  commodity  fluctuations in the world markets and are the most heavily traded  commodity pairs  in  forex .  Forex  traders often trade these  commodity pairs  to gain expos...
    Post a Comment
    Read more

    Do you have "FOMO Traders" Characters?

    FOMO is Fear of Missing Out type of traders, which influences our daily trading habits and decision making capability in Forex Trading. There are following causes which leads FOMO Traders: High Expectations FOMO Traders thanks that one needs to double the account by next month and you are missing out if you do not make a lot of money as soon as possible. This leads to higher risk and large position sizes. One wrong trade and you will regret of choosing wrong position sizing and trade. Over Confidence When you come from a winning streak and feel invincible and then take random trades or too large positions because you think we can “feel” what the market is going to do. Lack of Confidence After a few losing trades, many traders will try to play catch up and then enter random trades just to get into the market and hopefully somehow generate a profit. No Rules When you do not have a system or rules, to begin with, then FOMO is your default mode, always jumping in a...
    Post a Comment
    Read more

    Learn More About Trading Breakouts

    Breakouts are a common phenomenon in the Forex market  and occur across different chart intervals. It is therefore no surprise that break out  trading strategies  have become one of the most popular ways of  trading Forex , besides other strategies such as trend following methods. What is Breakout in Forex? A  breakout  is a price movement of a security through an identified level of resistance, which is usually followed by heavy volume and an increased amount of volatility. Traders buy the underlying asset when the price breaks above a level of resistance or when it breaks below a level of support. A breakout is the point at which the  market price  breaks away, or moves out of a  trading range . The trading range can be for any length of time but once prices exceeds the high or low of the range, a breakout has occurred. The accepted market wisdom is “buy low sell high”. What is False Breakout in Forex? A  false breakout  ...
    Post a Comment
    Read more