
FxWirePro: GBP/USD Daily Outlook
Jul 24, 2018 12:51 pm UTC| Technicals
GBP/USD has pared some of its gains made yesterday after expectations of strong US GDP.The white house advisers said in Fox business news that second quarter GDP may surpass 4% first time since third quarter of 2014. The...

FxWirePro: USD/CHF trades lower on escalating trade war,good to buy on dips
Jul 24, 2018 11:56 am UTC| Technicals
USD/CHF has shown a minor jump after hitting low of 0.99010. The pair has declined more than 140 pips from the high of 1.00434 made on Jul 19th2018. The escalating trade war between US and China and comments by Donald...

FxWirePro: EUR/USD trades lower on weaker Eurozone PMI data, good to sell on rallies
Jul 24, 2018 11:50 am UTC| Technicals
EUR/USD has pared some of the gain made yesterday after Donald Trump disclosing US GDP. US President Donald Trump and his aides informed Fox news that Q2 is expected to grew to 4.8%. it has boosted US dollar and US...

FxWirePro: NZD/USD capped at 21-EMA, bullish divergence keeps scope for upside
Jul 24, 2018 11:19 am UTC| Technicals
NZD/USD is trading 0.37% higher on the day as the US dollar resumes weakness as we head into the NY session. Technical indicators on daily charts are flat to slightly bullish. The major finds stiff resistance at...

Jul 24, 2018 11:13 am UTC| Technicals Research & Analysis Insights & Views Central Banks
Ahead of the ECB meetingon Thursday, we have to get the latest PMI readings across the Eurozone. Economic data slumped in Q1, but while a level of recovery has been witnessed in Q2. However, ECB policy has proved a modest...

FxWirePro: US Oil reverses previous session's slide, retakes $68 per barrel, focus on API data
Jul 24, 2018 10:54 am UTC| Technicals
US Oil reversed most of previous sessions slide and extended gains above $68 mark. Rising US-Iran geopolitical tensions keep oil prices supported. Iranian Foreign Ministry said that Iran will respond with equal...

FxWirePro: GBP/CAD recovery lacks traction, weakness to resume on break below 1.7175
Jul 24, 2018 10:21 am UTC| Technicals
GBP/CAD trades in narrow range above 5-DMA, up 0.09% at the time of writing. The pair has shown a bounce off strong trendline support at 1.7175. We see weakness only on break below. Brexit jitters and political...