August 2016

Daily analysis of USDX for September 01, 2016

USDX is still capped by the resistance level of 96.14, where the sellers are actively trying to push the index lower towards the 95.79 level. A bullish attempt to break that resistance zone should open the doors to reach the 96.49 level, where the inde... [...]

Daily analysis of GBP/USD for September 01, 2016

GBP/USD is performing a rebound and hovering to consolidate above the 200 SMA on the H1 chart. A strong resistance lies at the 1.3170 level which should open doors towards the 1.3258 level. As long as the pair remains inside this range, we can expect s... [...]

Wall Street. Major U.S. stock-indexes fell

Major U.S. stock-indexes extended losses on Wednesday, the last trading day of August, as lower oil prices weighed on energy stocks. Oil prices fell more 3% after U.S. government data showed a large unexpected weekly build in U.S. crude and distilla... [...]

WSE: Session Results

Polish equity market closed lower on Wednesday. The broad market measure, the WIG index, lost 0.11%. From a sector perspective, utilities (+1.16%) recorded the biggest gains, while chemicals (-1.21%) lagged behind. The large-cap stocks' measure, the ... [...]

Technical analysis of USD/JPY for August 31, 2016

USD/JPY is expected to trade with a bullish bias. The pair recorded a succession of higher tops and higher bottoms since August 30, which confirms a bullish view. The rising 50-period moving average is playing a support role and maintains a positive bi... [...]

Gold price continue to decline

Gold price dropped to a 2-month low, move caused by data on the US labor market, which reinforce the arguments in favor of Fed rate hike this year. The report from Automatic Data Processing (ADP) showed that employment growth in the private sector o... [...]

Technical analysis of USD/CHF for August 31, 2016

USD/CHF is expected to trade with a bullish bias. The pair holds on the upside and is now challenging its nearest resistance at 0.9790. Meanwhile, a support base at 0.9790 has been formed, and the downside potential should be limited by this level. The... [...]

Technical analysis of NZD/USD for August 31, 2016

NZD/USD is expected to trade with a bearish bias as key resistance at 0.7290. The pair failed to break above the nearest resistance at 0.7290, and remains under pressure below this level. The 50-period moving average is badly directed and should limit ... [...]