Browsing all articles tagged with Current Account

GBP/USD D1 Technical June 27

Cable is under pressure. Pair is expected to test its next support around 1.5260 level. Bollinger bands are providing sell signals for the GBP/USD. If pair manage to break through 1.5260 level and H4 or D1 candle closure below this level then it will show pair is more under pressure and GBP/USD rapidly fall towards southward and target 1.5200-160 level respectively.

But if pair fails to break its support level and get a bounce from its support then pair will start a new bullish trend and target 1.5415 level.

High impact News can affect the pair. News like Unemployment Claims, Pending Home Sales m/m, Current Account.


GBP/USD D1 Technical September26

Cable has a strong support at 1.6150 from where it touches 1.6305. This week gbp/usd is trapped in consolidation range 1.6160-1.6300. Cable can rise back to 1.6250 but chart is showing Head & Shoulder pattern which mean higher are weak. Keep eye on news like Unemployment claims, pending home sales and current account, these have high impact. Buy deal at 1.0675 is effective.


EUR/USD: Fundamental Analysis SEPT 18


The US stocks fall as the concerns grow that the European authorities are doing more than the FEDs and the simple rule is that when the stocks fall the currency gains. The S&P fell after reaching a high since 2007 and the USD gained against the majors on the currency board.

The Economic data on the table was thin from the Europe as the only important report release was a report from Germany the GER ZEW Survey – Economic Sentiment (Sep)  released by the Zentrum für Europäische Wirtschaftsforschung the report showed a improvement to -18.2 from a fig of -25.5 where as the sentiment was around -19.0. Also released was the GER ZEW Survey – Current Situation (Sep) which deteroited to 12.6 from 18.2.

On the other hand the USD Current Account (Q2) improved to -117.4B from -133.6B. The Redbook index (YoY) and the USD Redbook index (MoM) both lowered to 2.4% and 1.8% from 2.7% and 1.9% respectfully however the housing market showed improvement in the USD NAHB Housing Market Index (Sep) which was released at 40 from 37 with market consensus of 38.

The EUR/USD pair uptrend will correct tomorrow as the last week gains in the pair need a retracement. Buying the pair on dips would be the preferred strategy


Written by Maju


USD/CHF D1 Technical September 18

USD/CHF starts sideway trading and the cable has a strong resistance at 0.9283 which is 23.6 % of the Fibonacci retracement of the rally from 0.7067-0.9971,closure above the resistance will turn the bias to neutral but the main trend will be the downside. TIC Long-Term Purchases, Current Account can affect the rate of pair.


USD/JPY D1 Technical September 18

USD/JPY rose yesterday to a high of 78.87 but could not manage to hold the rice above 78.80 level and today if the cable manage to close below the resistance this will indicate that the cable is resuming its downtrend, while break and closure above the 78.70 level will be bullish. TIC Long-Term Purchases, Current Account can affect the rate of pair.


GBP/USD D1 Technical September 18

GBP/USD continue to rally toward highs, The cable has a strong resistance at 1.6286 and support at 1.6192,so we recommend buy deals as soon as the cable reaches the support area. TIC Long-Term Purchases, Current Account can affect the rate of pair.


EUR/USD D1 Technical September 18

On daily chart EUR/USD is still on the upside and sustained trading above 38.2% retracement of 1.4939 to 1.2042 at 1.3149 will target 1.3486, which is close to 50% retracement level, while on the downside the cable has a support at 1.3022,clear break of support will turn bias to downside for the 1.2886.TIC Long-Term Purchases, Current Account can affect the rate of pair.


USD/JPY D1 Technical August 7

USD/JPY dropped yesterday and finds support at 78.16, today on daily chart the cable has a minor resistance at 78.33 and a strong resistance at 78.56 accompanied by a strong support at 77.93. Fed Chairman Bernanke Speech and Current Account of Japan can seriously affect the rate of pair.