Forex Market: EUR/USD daily trading outlook
Yesterday's trade saw EUR/USD within the range of 1.1120-1.1196. The pair closed at 1.1143, shedding 0.11% on a daily basis. It has been the 16th drop in the past 32 trading days and also a third consecutive one. The daily low has been the lowest level … Continue reading at binarytribune.com
The Best Forex Trading Apps
Many people will be surprised to learn just how many great Forex trading apps are available today. They should remember that the rise in the popularity of Forex trading and the rise in the popularity of mobile phones and devices occurred around the same … Continue reading at tapscape.com
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FOREX-Yen retakes some ground vs dollar as oil drop revives safety bid
* Dollar/yen slips from 1-week peak as oil reverses course TOKYO, Feb 17 The yen retook some ground against the dollar on Wednesday as a recent rebound in crude oil prices fizzled and revived demand for the safe-haven Japanese currency. The dollar fetched … Continue reading at uk.reuters.com
FOREX-Dollar rises vs most majors, but slips vs yen on weak oil accord
NEW YORK, Feb 16 The dollar rose against most major currencies on Tuesday as an agreement between the world’s top oil producers increased investors’ appetite for risk. However, the Japanese yen rose against the dollar as the deal left some investors … Continue reading at reuters.com
FOREX-Yen edges higher vs dollar as risk sentiment sours
* US data, Fed meeting minutes awaited for cues (Updates prices, adds comments) By Shinichi Saoshiro and Masayuki Kitano TOKYO/SINGAPORE, Feb 17 (Reuters) – The yen retook some ground against the dollar on Wednesday after a recent rebound in crude oil … Continue reading at finance.yahoo.com
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Forex – Aussie and kiwi lose ground vs. greenback in late trade
Investing.com – The Australian and New Zealand dollars moved lower against their U.S. counterpart on Wednesday, as investors remained cautious due to declining oil prices and as markets awaited the release of U.S. economic reports due later in the day. Continue reading at investing.com
Latest gold, forex rates in UAE: Gold back above ,200
Gold snapped a three-day losing streak on Wednesday, in choppy trade that saw the metal swing between gains and losses around the key $ 1,200 an ounce level as stock markets consolidated recent gains. Spot gold was at $ 1,205 an ounce by 9.45am UAE time … Continue reading at emirates247.com
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AUDJPY Forex Forecast - Pullback to 83.00?
AUDJPY has been trending lower although a pullback is materializing lately. Price is retreating to the Fib levels marked on the 4-hour time frame and the one closest to the falling trend line at 83.00 might hold as resistance. The 38.2% Fib is located at … Continue reading at forexminute.com
* Zak Mir, technical analyst at ShareProphets.com, and Alessio Rastani, independent market trader at leadingtrader.com, were joined by Steven Woodcock, senior FX analyst at PlutusFX, to discuss the outlook concerning the FX market.
Are we trading China?
Woodcock noted that Turkey and China are currently in the news, with the Chinese devaluation being unexpected, but plans are still there to trade the Yuan.
Short term friendly on EUR/GBP
After correctly predicting the EURGBP up, Woodcock noted that with the Greece and IMF bailout scenario occurring next week, and expressed his view that there is still more upside to come, and in the short-term he is still quite EURGBP friendly.
USD/CAD still being pushed around by oil
Woodcock commented that the USDCAD is looking for consolidation and a pullback, after reaching the 132 level. He added that it continues to be effected by oil, and also that the USD has been weakened by China's devaluation in the past days.
Possible bounce in the AUD/USD
With the rate hike put on hold due to China, Woodcock noted the possibility for a bounce in this, however, overall noted a general consolidation across the board in the currency markets.
EUR/USD still going down long term
Woodcock finished by expressing that 1.08 remains a main level, but it isn't going down there in the near future, being up to 1.0920 on Monday. Nevertheless, he believes that in the long term the EURUSD is going lower.
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