EURUSD Range Support July 18, 2016
EURUSD has been trading inside a range, moving between support at 1.1035 and resistance at 1.1150. Price is currently testing support at the bottom of the range and seems ready for a bounce back to the top.
CPI
China June Inflation Forecast At 1.9%
China’s (FXI, quote) Consumer Price Index (CPI) in June is likely to increase 1.9 percent year on year, slightly less than the 2 percent recorded in May, according to an industry report.
China’s March Consumer Prices Up 2.3%
China’s (FXI, quote) consumer prices grew 2.3 percent in March year on year, the same as in February, according to the data issued by the National Bureau of Statistics Monday.
USDCAD Descending Triangle Feb 22, 2016
USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once more and might be due for another test of support.
Friday’s Key Economic Data
Today’s Key Economic Data – Remember this morning we get the government’s non-Farm Payroll report today at 8:30am EDT.
Friday Key Economic Data
Today’s Key Economic Data
Tuesday Key Economic
Today’s Key Economic Data
Thursday Key Economic Data
Today’s Key Economic Data
USDCHF Channel Support Oct 12, 2015
USDCHF has been trending lower on its 1-hour chart, moving inside a descending channel and testing support. Price has formed a bearish flag right at the bottom of the channel around the .9600 major psychological support and might be due for a break lower.
Spot the insider selling in Cable – answers on a postcard!
Cable’s (FXB, quote) recent revival which was signalled with a two bar reversal off the strong support platform at 1.5163 came to a juddering halt today on the release of the CPI data. Until this release cable had been testing the 1.5474 area as well as the 100 ma which capped the recent rally.