Monthly archive July, 2017

EURAUD – Euro To Gain Momentum Vs Aussie Dollar?

Key Points

  • The Euro remained elevated above the 1.4700 support area against the Aussie Dollar.
  • There is a monster bearish trend line positioned at 1.4755 on the hourly chart of EURAUD.
  • Today in Australia, the HIA New Home Sales figure Read More →

GBPJPY – British Pound Poised To Decline Further Vs Japanese Yen

Key Points

  • The British Pound after trading towards 146.60 found sellers and moved down against the Japanese Yen.
  • There was a break below a crucial bullish trend line at 145.85 on the hourly chart of GBPJPY.
  • Today in the UK, Read More →

USD consolidates after Friday’s losses; China reports softer manufacturing data

Chinese manufacturing PMI turned out to be lower than expected in July, the actual reading of 51.4 was lower than the previous month’s reading of 51.7 and also came short of an expected 51.6. Overall sentiment during Asian trading remained Read More →