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Old Jun 30, 2015, 9:40am   #46
 
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FxGrow Support started this thread Daily Technical Analysis – 30th June, 2015
By FxGrow Research & Analysis Team

AUDUSD

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AUDUSD was lower yesterday but then it corrected upwards to reach a high of 0.7710 towards the end of the trading session. Now the pair is trading just above its 20day moving average of 0.7677 in the European trading session. The near term bias remains Neutral.

STOCHRSI (14), ADX (14), CCI (14) are Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 0.7632 while Resistance is at 0.7711

30th June 2015 – 07:43hrs GMT


USDJPY

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USDJPY was bearish yesterday and remained weak towards the end of the trading session. Now it is trading below its 20day moving average of 123.48 in the European trading session. The near term bias remains Bearish with targets of 121.50

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 122.02 while Resistance is at 122.47

30th June 2015 – 07:49hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jun 30, 2015, 12:02pm   #47
 
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Greece expected to Default on Its Payment to the IMF today

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Greece is expected to default on its payment of €1.6bn to the IMF today. The 5 year Greece bailout program will come to an end today by 6pm Washington time.

Meanwhile Greek banks remain closed as Greece is almost out of money after the European Central Bank turned down a request from the Bank of Greece for €6bn in emergency funds.

Greece has threatened to seek a court injunction against the EU institutions, both to block the country's expulsion from the euro and to halt asphyxiation of the banking system - Telegraph.

“The Greek government will make use of all our legal rights. We are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable" - Greek Finance minister, Yanis Varoufakis.

Greek PM Alexis Tsipras has called the referendum over the weekend on July 5, as Euro hits a 7 year low against the British pound.

“The greater the number of no [votes], the greater the weapon the government will have to relaunch negotiations. Greece never left the negotiating table, it is still at the negotiating table” - Greek prime minister, Alexis Tsipras.

“I do see the potential for disruptions that could affect the European economic outlook and global financial markets. To the extent that there are impacts on the euro-area economy or on global financial markets, there would undoubtedly be spillovers to the United States that would affect our outlook as well” - Federal Reserve Chair Janet Yellen.

Greek Prime Minister Alexis Tsipras has urged voters to reject the demands of its European creditors.

"We ask you to reject it with all the might of your soul, with the greatest margin possible. The greater the participation and the rejection of this deal, the greater the possibility will be to restart the negotiations to set a course of logic and sustainability" - Greek PM.

Greek Banks remain closed with capital controls in place so that customers can only withdraw a maximum of 60 euros in a day. After ECB refused further funding Greek banks had no choice.

Greece has to repay 1.6billion euros to the IMF today and is likely to default on its payment today. Greece owes 3.5 billion euros to the ECB on July20. The current Greek bailout financed by ECB, IMF and the European Commission also expires today.

Crude Oil is trading lower at $58.86 on Greek default concerns.

Gold is trading lower in the Europe at 1173.79, while Silver is weak at 15.72

30th June 2015 – 10:47hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 1, 2015, 10:34am   #48
 
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FxGrow Support started this thread Daily Technical Analysis – 01st July, 2015
By FxGrow Research & Analysis Team

EURUSD

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EURUSD had a bullish momentum yesterday and remained firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.1146 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.1050

RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.1115 while Resistance is at 1.1155

01st July 2015 – 07:11hrs GMT

GBPUSD

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GBPUSD moved upwards touching a high of 1.5738 but then it came down and remained indecisive towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.5713 in the European trading session. The near term bias remains Neutral to Bearish.

RSI (14), STOCH (9, 6), ADX (14), CCI (14) are Neutral; MACD (12, 26), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.5673 while Resistance is at 1.5768

01st July 2015 – 07:18hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 1, 2015, 10:36am   #49
 
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By FxGrow Research & Analysis Team

AUDUSD

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AUDUSD was moderately higher yesterday and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7710 in the European trading session. The near term bias remains Neutral to Bullish with targets of 0.7800

RSI (14), STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 0.7681 while Resistance is at 0.7738

01st July 2015 – 07:44hrs GMT


USDJPY

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USDJPY remained indecisive yesterday as it came below 122.00 levels but corrected upwards towards the end of the trading session. Now it is trading above its 20day moving average of 122.43 in the European trading session. The near term bias remains Bullish with targets of 123.50

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 122.60 while Resistance is at 122.89

01st July 2015 – 07:51hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 1, 2015, 10:38am   #50
 
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By FxGrow Research & Analysis Team

Greece defaults on $1.7 billion IMF payment

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Greece has defaulted on its payment to the IMF on June 30 and became the first developed nation to do so. Greece is now into a deeper recession as its bailout program has expired and now it is cut off from the access to IMF resources. International Monetary Fund in an organization that helps the world economy remains stable.

"I confirm that the about EUR 1.5 billion due by Greece to the IMF June 30 has not been received. We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared" - Director of Communications, IMF.

The ECB's policymaking governing council was to meet in Frankfurt to decide whether to maintain, increase or curtail emergency lending that is keeping Greek banks afloat despite a wave of deposit withdrawals and the state's default. - Reuters.
"Greece was fully committed to service its external debt in a manner that secures the viability of the Greek economy, growth and social cohesion" - Greek Finance Minister Yanis Varoufakis.

Greece has received nearly 240 billion euros in two bailouts from the European Union and IMF since the start of the program in 2010.

"What would happen if Greece came out of the euro? There would be a negative message that euro membership is reversible" - Spanish Prime Minister Mariano Rajoy.

"Before the planned referendum is carried out, we will not negotiate over anything new" - German Chancellor Angela Merkel.

The risks of a default to the IMF forced European Central Bank to limit its emergency loans to Greek banks and Greece’s government was forced to institute capital controls in order to prevent mass exodus of cash out of the country.

"I think Mr. Tsipras screwed up the negotiations, frankly. Because he believed that Europe needs Greece as much as Greece needs Europe, and that is sadly not the case. So now I believe he's in a state of panic because the banks have closed, people are complaining, they were queuing for hours over the weekend to get their cash out" - Miranda Xafa, Centre for International Governance Innovation.

Crude Oil is trading lower at $58.89 on uncertainty about the financial crisis in Greece.

Gold is trading lower in the Europe at 1171.60, while Silver is weak 15.57

01st July 2015 – 09:09hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 2, 2015, 6:26am   #51
 
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FxGrow Support started this thread Daily Technical Analysis – 02nd July, 2015
By FxGrow Research & Analysis Team

EURUSD

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EURUSD was broadly lower yesterday and touched a low of 1.1051 and remained weak towards the end of the trading session. Now the pair is trading just near its 20day moving average of 1.1071 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.1010

STOCH (9, 6), ADX (14), CCI (14) are Neutral; RSI (14), MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.1031 while Resistance is at 1.1134

02nd July 2015 – 04:33hrs GMT


GBPUSD

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GBPUSD was bearish yesterday and touched a low of 1.5606 remaining weak towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.5621 in the European trading session. The near term bias remains Neutral to Bearish.

STOCH (9, 6), CCI (14) are Neutral; RSI (14), ADX (14), MACD (12, 26), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.5587 while Resistance is at 1.5652

02nd July 2015 – 04:43hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 2, 2015, 6:33am   #52
 
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FxGrow Support started this thread Daily Technical Analysis – 02nd July, 2015
By FxGrow Research & Analysis Team

AUDUSD

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AUDUSD was moderately higher yesterday touching a high of 0.7714 but then it came down towards the end of the trading session. Now the pair is trading just below its 20day moving average of 0.7659 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7600

CCI (14), STOCH (9, 6) are Neutral; MACD (12, 26), RSI(14), ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 0.7634 while Resistance is at 0.7738

02nd July 2015 – 04:49hrs GMT


USDJPY

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USDJPY was bullish yesterday and remained firm towards the end of the trading session. Now it is trading above its 20day moving average of 123.16 in the European trading session. The near term bias remains Bullish with targets of 124.00

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 122.60 while Resistance is at 122.89

02nd July 2015 – 04:58hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 2, 2015, 9:04am   #53
 
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By FxGrow Research & Analysis Team

US ISM Manufacturing Index Rises to 53.5 in June

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Manufacturing expanded in June as the PMI registered 53.5 percent, an increase of 0.7 percentage point over the May reading of 52.8 percent, indicating growth in manufacturing for the 30th consecutive month. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting - Institute for Supply Management.

Improvement seen in US manufacturing reflects stronger domestic spending with improving demand abroad. 11 out of 18 manufacturing industries expanded in June, led by makers of furniture and wood products. Producers of oil, metals, plastics and machinery said business contracted.

New orders rose to 56.0 from 55.8. The gauge of prices paid was unchanged at 49.5, compared with expectations of 51.0. June PMI indicates manufacturing activity has begun to recover from the softer demand, output and hiring levels experienced earlier in the year.

Globally falling oil prices have forced energy companies to curtail orders for new equipment and pipelines as their margins were squeezed and rigs were shut down. The stronger dollar made US goods more expensive overseas, which is weighing on sales.

In Eurozone finance ministers have ruled out any further talks on a fresh bailout for Greece until the country holds its referendum on Sunday.

Greek PM Tsipras has written to European leaders and the International Monetary Fund, accepting most of the conditions for the bailout.

"Greece is prepared to accept this staff level agreement subject to the following amendments, additions or clarifications" - Prime Minister Alexis Tsipras.

Greece is out of money after being cut off from European bailout funds and has defaulted to the IMF. If Greeks will vote for "Yes" a new bailout deal will take weeks and may need a change of government.

"How do you persuade European government to vote for a third bailout when the Greek government has actively campaigned in a referendum against the terms of a second bailout?" - James Nixon.

NZDUSD slid to a 5 year low as the monetary policy divergence New Zealand and the US and the strong US dollar are driving the New Zealand dollar to its lowest since May 2010.

Crude Oil is trading lower at $57.11 after progress on Iran Nuclear deal.

Gold is trading lower in the Europe at 1163.70, while Silver is weak 15.52

02nd July 2015 – 07:48hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 3, 2015, 6:01am   #54
 
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FxGrow Support started this thread Daily Technical Analysis – 03rd July, 2015
By FxGrow Research & Analysis Team

EURUSD

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EURUSD remained indecisive yesterday with a mild recovery on the upper side. Now the pair is trading just above its 20day moving average of 1.1087 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.1150

STOCH (9, 6) is Neutral; RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 1.1048 while Resistance is at 1.1119

03rd July 2015 – 04:00hrs GMT



GBPUSD

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GBPUSD remained indecisive yesterday as it touched a low of 1.5560 and a high of 1.5638. Now the pair is trading just above its 20day moving average of 1.5608 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5660

STOCH (9, 6), CCI (14) are Neutral; RSI (14), ADX (14), MACD (12, 26), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.5560 while Resistance is at 1.5624

03rd July 2015 – 04:08hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 3, 2015, 6:06am   #55
 
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By FxGrow Research & Analysis Team

AUDUSD

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AUDUSD was lower yesterday and touched a low of 0.7588 but then it corrected upwards towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7618 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 0.7510

STOCH (9, 6) is Neutral; MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7572 while Resistance is at 0.7616

03rd July 2015 – 04:14hrs GMT


USDJPY

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USDJPY moved upwards hitting a top of 123.70 but then it corrected lower towards the end of the trading session. Now it is trading below its 20day moving average of 123.13 in the Asian trading session. The near term bias remains Neutral to Bearish.

RSI (14), ADX (14), CCI (14) are Neutral; MACD (12, 26), ROC, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 122.80 while Resistance is at 123.70

03rd July 2015 – 04:20hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 3, 2015, 10:13am   #56
 
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By FxGrow Research & Analysis Team

US Non-Farm Payrolls increased by 223k in June

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Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent. Job gains occurred in professional and business services, health care, retail trade, financial activities, and in transportation and warehousing - US Bureau of Labor Statistics.

Employment in other major industries, including construction, manufacturing, wholesale trade, information, and government, showed little or no change over the month - US Bureau of Labor Statistics.

The unemployment rate declined to 5.3% due to a decline in the labor force of 432K as the participation rated declined to 62.6% from 62.9%.

Recent US data suggests that US growth should pick up in the current and coming quarters. The June employment report leaves the door open for a first rate hike in September. The uncertain financial conditions in Greece may affect the timing of the first rate hike.

US Dollar was weaker after the Non-Farm payrolls came out, seen as mildly disappointing by the economists. While the expectations for two rate hikes before the end of the year are cut down, the expectations of a September hike are maintained.
With US holiday on Friday NFP data was released a day earlier, and we are unlikely to see major moves until the opening of the markets on Monday.

Focus is now shifting to Greece as Prime Minister Alexis Tsipras has called a referendum on July 5 for Greeks to decide if the country should accept what his government regards as a raw deal offered by its creditors.

On Monday, a larger than usual price gap between the market's close on Friday and the open of the Asian markets is expected.

If the majority of Greeks will vote against the current deal drafted by the IMF, European Commission, and the European Central Bank, it will push the country closer to Grexit.

Meanwhile, European leaders are not ready to negotiate with Athens until the referendum has passed. According to some reports Germany might refuse to negotiate with Greek government post-referendum.

In UK business activity in the services sector outpaced estimates for the month of June. Markit services purchasing managers' index came at 58 for June.

"In UK Growth is looking increasingly unbalanced. The recent weakness of the manufacturing PMI means industrial production looks likely to have declined in the second quarter, leaving the economy once again dependent on the service sector to sustain any growth. June’s rebound is therefore welcome news, but policymakers will want to see further improvements in the data, including signs of a sustainable upturn in pay growth, before feeling comfortable that the UK economy is ready for higher interest rates" - Chris Williamson, chief economist at Markit.

Crude Oil is trading lower at $56.52 7.11 after US oil drilling this week increased after 29 weeks of declines.

Gold is trading mildly higher in the Europe at 1168.70, while Silver is weak 15.65

03rd July 2015 – 08:55hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 6, 2015, 7:43am   #57
 
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FxGrow Support started this thread Daily Technical Analysis – 06th July, 2015
By FxGrow Research & Analysis Team

EURUSD

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EURUSD opened the week lower touching a low of 1.0968 in the early Asian trading session. Now the pair is trading just below its 20day moving average of 1.1065 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.0950

RSI (14), STOCH (9, 6) are Neutral; MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; while Average True Range (14) indicates High Volatility.

Support is at 1.1031 while Resistance is at 1.1117

06th July 2015 – 05:46hrs GMT


GBPUSD

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GBPUSD opened the week lower touching a low of 1.5538 in the early Asian trading session. Now the pair is trading just above its 20day moving average of 1.5580 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5500

RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility.
Support is at 1.5552 while Resistance is at 1.5624

06th July 2015 – 06:01hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 6, 2015, 7:50am   #58
 
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By FxGrow Research & Analysis Team

AUDUSD

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AUDUSD opened the week lower but then consolidated upwards in the early Asian trading session. Now the pair is trading below its 20day moving average of 0.7505 in the European trading session. The near term bias remains Bearish with targets of 0.7400

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, MA100, MA200 indicate a SELL; while Average True Range (14) indicates High Volatility.

Support is at 0.7460 while Resistance is at 0.7598

06th July 2015 – 06:09hrs GMT


USDJPY

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USDJPY opened the week lower touching a low of 121.85 in the early Asian trading session. Now it is trading below its 20day moving average of 122.60 in the European trading session. The near term bias remains Bullish with targets of 123.00

RSI (14) is Neutral; STOCH(9,6), Williams %R, Ultimate Oscillator indicate a BUY; while Average True Range (14) indicates High Volatility.

Support is at 121.81 while Resistance is at 122.84

06th July2015 – 06:13hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 6, 2015, 9:52am   #59
 
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Global Markets sink after Greek voters rejected the terms of an International bailout

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The final result of the Greek referendum, was 61.3% "No", against 38.7% who voted "Yes".

Global markets have sunk after voters in Greece rejected austerity plans demanded by International creditors, as the country's future in the Eurozone is in danger.

The Nikkei 225 index dropped 2.1% to close at 20,112.12 on Monday. In South Korea, the Kospi index fell 2.4% to 2,054. And in Hong Kong, the Hang Seng index was down 3.3% to 25,205.56.

“As of tomorrow, Greece will go back to the negotiating table and our primary priority is to reinstate the financial stability of the country" - Greek Prime Minister Alexis Tsipras.

"Today we celebrate the victory of democracy. We proved even in the most difficult circumstances that democracy won't be blackmailed" - Greek Prime Minister Alexis Tsipras.

“I’m fully aware that the mandate that I was given (by voters) is not for a rupture with Europe, but a mandate boosting our negotiating strength for reaching a sustainable deal" - Greek Prime Minister Alexis Tsipras.

"For recovery of the Greek economy, difficult measures and reforms are inevitable. We will now wait for the initiatives of the Greek authorities" - Jeroen Dijsselbloem, head of the Eurozone finance ministers.

"I believe that with the hard efforts of all sides, Greece's economic situation will turn around. The economic crisis will be appropriately handled. Whether or not it can be appropriately handled will not only have an important impact on Greece and its people, but will have an important impact on ... the world too" - Deputy Chinese Foreign Minister.

If there is no agreement on a deal, the European Central Bank will shut down Emergency Liquidity Assistance no later than 20 July. Banks will then not only be illiquid but would then turn bankrupt, and the lack of financing would trigger a collapse of the Greek economy.

“Euro area member states intend to make full use of all the instruments available to preserve the integrity and stability of the euro area (which would) complement any actions the European Central Bank may take in full independence and in line with its mandate” - ECB.

US stocks are poised to open sharply lower on Monday after Greeks rejected the terms of the bailout proposed by its International creditors.

Crude Oil is trading lower at $54.95 8.86 after Greece rejected debt bailout terms.

Gold is trading lower in the Europe at 1164.88, while Silver is flat at 15.62

06th July 2015 – 08:32hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Old Jul 7, 2015, 8:41am   #60
 
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FxGrow Support started this thread Daily Technical Analysis – 07th July, 2015
By FxGrow Research & Analysis Team

EURUSD

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EURUSD was slightly up yesterday and touched a high of 1.1093 and remained indecisive towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.1047 in the European trading session. The near term bias remains Bearish with targets of 1.0950

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.0969 while Resistance is at 1.1076

07th July 2015 – 07:01hrs GMT


GBPUSD

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GBPUSD was moderately bullish yesterday and touched a high of 1.5627 but then it consolidated lower towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.5594 in the European trading session. The near term bias remains Bearish with targets of 1.5500

STOCH (9, 6) is Neutral; RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.5531 while Resistance is at 1.5602

07th July 2015 – 07:05hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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