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

    Fundamental Analysis-Impacts of Non Farm Payrolls Data on Forex Market

    Non farm payrolls in the US increased by 164 thousand in April of 2018, following an upwardly revised 135 thousand in March and well below market expectations of 192 thousand.  The most important payroll statistic that is analyzed from the report is the  non-farm payroll  data, which represents the total number of paid U.S. workers of any business, excluding general government employees, private  household employees , employees of  nonprofit  organizations that provide assistance to individuals, and farm employees. Non Farm Payrolls Indicator The Non Farm Payrolls indicator measures the net change in the number of people employed within the U.S. economy in jobs other than those which are farming or agriculture related. When the NFP data is rising, it means businesses within the United States are hiring more staff, usually in response to improved economic conditions and increased demand for their products or services either domestically or overseas...
    1 comment
    Read more

    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

    TOP 7 MISTAKES IN FOREX TRADING

    NO TRADING PLANS: A trading plan is a strict set of rules, half of which a trader draws from their trading strategy and the other one from their money management strategy. The plan may be then complemented by as many more points as the trader sees fit. WHAT IS TRADING PLAN: Specific market conditions for entering a trade; The amount of money to risk in a trade; Specific market conditions to get out if you are wrong (stop-loss); Specific market conditions to get out if you are right (take-profit); Approximate time for the market to reach your target; Note down and record everything! Write this list down as postulates and have it front of you before, after, and during your trading. RISKING TOO MUCH ON ONE TRADE: Never take too much risk in one trade. Forex brokers are allowed a lot of freedom in terms of leveraging their trading account, while beginner Traders lag behind in money management discipline. A combination of these two leads to high risk, hazard trading. Always...
    Post a Comment
    Read more