Daily Forex News By Xtreamforex.com

Viewing 5 posts - 31 through 35 (of 35 total)
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  • #5277
    blankxtreamforex
    Participant

    Technical Overview of USD/CHF, AUD/USD and USD/JPY Currency Pairs

    USD CHF

    The USD traded lower against the CHF and closed at 0.9981.

    Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

    The indicator growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 0.99606, and a fall through could take it to the next support level of 0.99400. The pair is expected to find its first resistance at 0.99946, and a rise through could take it to the next resistance level of 1.00080.

    Previous Day range was 34 and Current Day Range is 16.6.

    AUD USD

    The AUD traded higher against the USD and closed at 0.7112.

    The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

    The pair is expected to find support at 0.70675, and a fall through could take it to the next support level of 0.70231. The pair is expected to find its first resistance at 0.71428, and a rise through could take it to the next resistance level of 0.71737.

    AUD USD previous Day range was 75.3 and Current Day Range is 17.8.

    USD JPY

    The USD traded lower against JPY and closed at 111.482.

    According to the analysis, pair is expected to find support at 111.271, and a fall through could take it to the next support level of 111.060. The pair is expected to find its first resistance at 111.632, and a rise through could take it to the next resistance level of 111.782.

    USD JPY previous day range was 3610 and current day range is 1630.

    #5306
    blankxtreamforex
    Participant

    Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pairs

    EUR USD

    The EUR traded higher against the USD and closed at 1.122.

    Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

    The indicator growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.12015, and a fall through could take it to the next support level of 1.11832. The pair is expected to find its first resistance at 1.12427, and a rise through could take it to the next resistance level of 1.12656.

    Previous Day range was 41.2 and Current Day Range is 11.6.

    NZD USD

    The NZD traded higher against the USD and closed at 0.6752.

    The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

    The pair is expected to find support at 0.67336, and a fall through could take it to the next support level of 0.67150. The pair is expected to find its first resistance at 0.67850, and a rise through could take it to the next resistance level of 0.68178.

    NZD USD previous Day range was 51.4 and Current Day Range is 15.1.

    GBP USD

    The GBP traded higher against USD and closed at 1.3071.

    According to the analysis, pair is expected to find support at 1.30236, and a fall through could take it to the next support level of 1.29759. The pair is expected to find its first resistance at 1.31539, and a rise through could take it to the next resistance level of 1.32365.

    GBP USD previous day range was 130.3 and current day range is 23.5.

    #5381
    blankxtreamforex
    Participant

    Gold Prices moves around $1300 as Bulls concentrates on Geopolitics

    The news reports signaling the US-EU trade rift and likely renewed geopolitical tensions between the US and Saudi Arabia triggered risk-off.
    Buyers target 50-day SMA during further upside.

    Gold prices are taking the rounds near $1297 early on Tuesday as investors give more emphasis to the latest news reports signaling an increase in global geopolitical tension.

    According to the analysis XAUUSD.x pair is expected to find support at 1291.14 and a fall through could take it to the next support level of 1285.14. The pair is expected to find its first resistance at 1303.41, and a rise through could take it to the next resistance level of 1309.68.

    Previous Day range was 12.27 and Current Day Range is 34800.

    The yellow metal rose to a two-week high on Monday as conflict in Libya and the US President’s another hit to Iran grabbed market concentration. Headlines regarding the Libyan National Army’s March to obtain the capital Tripoli and Donald Trump declaring Iran’s revolutionary guard as a terrorist organization helped the Gold to remain strong yesterday.
    During early Tuesday, investors welcomed the development from the UK that favored an amendment rejecting no-deal Brexit.

    However, the hopefulness couldn’t last long after the Financial Times reported that the US is proposing tariffs worth $11 billion on the EU products, as well as the Airbus.
    The risk-off sentiment got supplementary support when the Trump administration announced a ban on 16 Saudi nationals from entering the U.S. due to their roles in the murder of journalist Jamal Khashoggi. Saudi Arabia is still to respond to the ban and may generate news reports during the day.

    Yields on the US 10-year note remained unchanged near 2.519%.
    Investors may now concentrate more on the qualitative catalysts like Brexit and the geopolitical plays including the US.

    #18486
    blankRob Dowel
    Participant

    A trader should pick a suitable broker to trade in the forex market. Without a suitable broker it is quite difficult to invest in the huge market. Broker can be the well wisher for any trader. But Broker has to be good. Wrong broker can create difficulties in trading. As a trader, I choose Tpglobalfx as my broker. It provides low spreads and high leverage. The trading strategy is quite easy.

    #27527
    blankChristiano
    Participant

    Forex trading can do anyone. It is very easy if you have enough knowledge and a reliable broker. You have to always accept a positive thing for better earning. Strong knowledge, reliable broker, proper guidance are the most important thing for earning money. I trade with Forex4you. They are a very reliable broker. I would easily suggest this broker if anyone looking for a reliable one. They are one of the best brokers I have ever worked

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