July 2017

Fundamental Analysis of USD/JPY for July 31, 2017

USD/JPY has been impulsively bearish after bouncing off the resistance level of 114.40. As of the recent bad economic reports of USD without any hint of a Rate hike in the coming days made JPY gain some momentum to dominate. The dollar is currently in ... [...]

Daily analysis of USDX for August 01, 2017

The greenback is weak ahead of the end of the month and the 200 SMA still provides the line in the sand in the index. The next target is placed at the 92.29 level, as the US Dollar Index is trying to consolidate below the support zone of 93.25. To the ... [...]

Daily analysis of GBP/USD for August 01, 2017

The pair is rallying and showing that bulls remain stronger across the board, with a breakout above the key level of 1.3153, which opens the door to test the next resistance around 1.3257. To the downside, we're expecting a support to be found in the 2... [...]

Fundamental analysis of EUR/USD for July 31, 2017

EUR/USD has been impulsively bullish forming a non-volatile trend since it broke above the 115.00 resistance level recently. The Eurozone has posted some upbeat economic reports recently whereas USD is on losing streak amid bad economic reports which c... [...]

US pending home sales rebound in June

The National Association of Realtors (NAR) announced Monday its seasonally adjusted pending home sales index (PHSI) climbed 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May. Economists had expected pending home sales to rise 1 percent... [...]

Chicago PMI falls more than expected in July

MNI Indicators' report showed that business activity in Chicago contracted in July. The MNI Chicago Business Barometer, also known as Chicago purchasing manager's index (PMI) came in at 58.9 this month, down from an unrevised 65.7 in June and below eco... [...]

Daily analysis of USD/JPY for July 31, 2017

OverviewThe USD/JPY pair continues its decline strongly after confirming breaking 110.98 level, to approach from our main waited target at 110.15 now, noting that this level represents 76.4% Fibonacci correction level for the rise measured from 108.80 ... [...]