GBPUSD Forecast July 19, 2017, Technical Analysis
The British pound initially tried to rally on Tuesday but found a ton of resistance near the 1.3125 level.
CPI
DAX: Stocks Rebound After Big Sell-Off
After yesterday’s big sell-off, European equities have bounced back and US index futures point to a higher open on Wall Street.
AUDUSD Descending Channel May 15, 2017
AUDUSD has been trending lower recently and is now moving inside a descending channel on its 4-hour chart. Price just bounced off support and is looking to pull back to the resistance at the .7450 minor psychological level.
Gold Up As Dollar Stalls Ahead Of US CPI, Retail Sales
The dollar buying witnessed at the start of the week was driven by rising expectations about a June rate hike following last week’s FOMC statement and a solid US monthly jobs report.
EURUSD Long-Term Channel Mar 31, 2017
EURUSD has been selling off recently but it could be approaching a turning point as it nears the bottom of the longer-term ascending channel visible on the 4-hour time frame.
EUR Firms As Traders Eye Tighter ECB Policy
The euro finds itself higher across the board. The EUR/USD has risen above the 1.0800 handle again, the EUR/GBP to 0.8650 and the EUR/JPY was back at 120.00 at the time of writing.
Eurozone inflation back at 2%
Inflation has made a dramatic return in the Eurozone. In February, the headline CPI measure rose to 2.0% year-over-year, accelerating from 1.8% in January.
ECB’s QE Working Its Magic…Finally
The European Central Bank’s large bond buying programme appears to be finally working its magic. Inflation is on the rise, unemployment is falling and the economic bloc is – believe it or not – growing, all thanks to years of zero interest rates, several versions of bond purchases programme and a resulting weak currency.
Lacklustre Start To Week Full Of Data, Earnings And CB Meetings
At the start of a week full of US earnings, important economic data and a couple of central bank meetings, risk is somewhat off the menu. Equities, copper and, to a lesser degree, oil prices were all trading lower at the time of this writing.
Dollar’s Consolidative Days Numbered?
The dollar’s laborious consolidative days seem to be numbered from both the technical and fundamental points of view.