China Premier GDP growth of 7.5% in range
Chinese Premier Li Keqiang has reiterated “quality” as the mainspring of China’s growth, saying that quality growth, whether slightly higher or lower than 7.5 percent, will be acceptable.
ETF
EURUSD Forecast July 18, 2014, Technical Analysis
The EURUSD pair went back and forth during the session on Thursday, showing that the 1.35 level would of course continue to be supportive.
GBPUSD Forecast July 18, 2014, Technical Analysis
GBPUSD fell during the session on Thursday, testing the 1.71 level.
AUDUSD Forecast July 18, 2014, Technical Analysis
The AUDUSD pair tried to rally during the course of the session on Thursday, but as you can see pulled back to form a shooting star.
Volume & big draw in inventories combine to help oil futures
Crude oil futures finally managed to find some bullish momentum today, courtesy of the oil inventories from Cushing, which helped oil to reclaim the $100 per barrel level, to currently trade at the time of writing at $101.26 per barrel.
AUDUSD Forecast July 16, 2014, Technical Analysis
The AUDUSD as you can see fell during the session on Tuesday, only to turn back around and form a hammer.
GBPUSD Forecast July 16, 2014, Technical Analysis
The GBPUSD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again.
EURUSD Forecast July 16, 2014, Technical Analysis
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.
AUDUSD Forecast July 16, 2014, Technical Analysis
The AUDUSD as you can see fell during the session on Tuesday, only to turn back around and form a hammer.
GBPUSD Forecast July 16, 2014, Technical Analysis
The GBPUSD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again.