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Article / 6 hours agoEveryone has heard the "June is live" line by now, but there are a few reasons why such an imminent US rate hike is unlikely; July, in fact, will probably prove the path of least resistance for the Federal Reserve.Read the article
Article / 7 hours ago
FX 4 Next Week: The Brexit clubSterling has been volatile of late, which is no surprise given the June 23 Brexit vote but the GBP's trajectory can be traded in a variety of ways.Read the article
Calendar event / 9 hours ago
US 2nd estimate GDPpreviousforecastactualMed Annual Rate, Q/Q%+0.5%+1%+0.8%Med Chain-Weighted Price Idx, Q/Q%+0.7%+0.7%+0.6%Med Corporate Profits, Q/Q%-8.1%+1.9%Med PCE Price Idx, Q/Q%+0.3%+0.3%Med Purchase Price Idx, Q/Q%+0.3%+0.2%Med Real Final Sales, Q/Q%+0.9%+1%Med Core PCE Price Idx, Q/Q%+2.1%+2.1%Med Consumer Spending, Q/Q%+1.9%+1.9%
Article / 10 hours ago
Mid-session Europe: USD in limbo ahead of GDP, YellenToday's session is light in terms of volume and diffident in terms of direction as investors either take early weekends or await US GDP data and Fed chair Yellen's speech.Read the article
Article / 12 hours ago
From the Floor: Oil drifts lower after damp-squib attack on $50Crude oil retreated Friday and looks set to drift further lower after a failed breach of the headline-grabbing $50/barrel level on Thursday. Meanwhile, FX and fixed-income markets await a speech from Fed chief Janet Yellen and look ahead to a raft of key data next week for confirmation of recent Fed hawkishness.Read the article
Squawk / 13 hours agoEURUSD BEARISH
The primary trend of EUR/USD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA on the downside indicating downtrend of the pair.
Resistance level of 1.1215 and Support level of 1.1130
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: EUR/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
Calendar event / 14 hours ago
IT Business Confidence SurveypreviousforecastactualMed Composite Idx102.7102.9103.4Med Manufacturing Idx102.7102.1
Calendar event / 14 hours ago
IT Consumer Confidence SurveypreviousforecastactualMed Consumer Conf Idx114.1114.3112.7
Article / 14 hours ago
FX Update: USD sideways ahead of pivotal US data weekThe US dollar rally has fizzled for the moment ahead of next week’s US economic data onslaught. The yen remains stubbornly firm after the G7 summit seen as presenting a high bar for Japanese FX intervention.Read the article
Video / 14 hours ago
Why I’m trading EURUSD: LambertClive Lambert - FuturesTechsClive Lambert, of FutureTechs, explains why he is planning a day trade on EURUSD.