Shares in Asia were flat on Thursday, with investors on the sidelines ahead of the U.S. Federal Reserve’s annual Jackson Hole meeting, set to start later in the trading day. The Nikkei Stock Average was up 0.04%, recovering from earlier declines in the session. Hong Kong’s Hang Seng Index was flat, the Shanghai Composite Index was 1.1% lower and the South Korean Kospi added 0.1%.
Daily Technical Analysis, Market Analysis and Forex tips 25 August 2016 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar
EUR/USD Intraday: under pressure
Our preference for short positions below 1.1300 with targets at 1.1240 & 1.1225 in extension. Alternative scenario is above 1.1300 look for further upside with 1.1325 & 1.1350 as targets.
Explore daily forex research, the powerful analysis and trade ideas solution of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar. Read forex tips of 22 August 2016
EUR/USD Intraday: the downside prevails
Our preference for short positions below 1.1330 with targets at 1.1250 & 1.1200 in extension. Alternative scenario is above 1.1330 look for further upside with 1.1365 & 1.1415 as targets.
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In the last year, we have witnessed impressive growth in the value of the dollar. In the latter half of 2015, the dollar rose higher than 16% against a collection of world currencies. It has continued to increase steadily since early May and is expected to continue to grow. So, what has caused the rise of the dollar? We take a look at some of the factors that have contributed to the recent increase in value, both domestically and abroad, as well as what we can expect for the future.
Daily Technical Analysis, Market Analysis and Forex tips 2 August 2016 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar
EUR/USD Intraday: intraday support around 1.1150
Our preference for long positions above 1.1150 with targets at 1.1200 & 1.1235 in extension. Alternative scenario is below 1.1150 look for further downside with 1.1120 & 1.1100 as targets.