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GBP/USD: Trading the British Services PMI

GBP/USD: Trading the British Services PMI

Aug 4, 2015 12:01
British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of...

Majors»

GBP/USD Forecast Aug. 3-7

GBP/USD Forecast Aug. 3-7

Aug 2, 2015 20:51
GBP/USD changed directions last week and gained close to 100 points. The pair closed the week at 1.5615. This week’s highlight is the PMIs and Manufacturing Production....
  • EUR/USD Forecast Aug. 3-7
    EUR/USD Forecast Aug. 3-7
    EUR/USD posted strong gains early in the week, but was unable to consolidate and closed the week unchanged, at...
    on Aug 2, 2015 19:31
  • USD/JPY Forecast Aug. 3-7
    USD/JPY Forecast Aug. 3-7
    USD/JPY showed little change at the end of the week, closing at 123.82. This week has six events. Here is an...
    on Aug 2, 2015 11:06
  • Forex Weekly Outlook August 3-7
    Forex Weekly Outlook August 3-7
    US ISM Manufacturing PMI, Trade Balance, ISM Non-Manufacturing PMI, Rate decision in Japan, Employment data from...
    on Jul 31, 2015 16:20

Minors»

AUD/USD Forecast Aug. 3-7

AUD/USD Forecast Aug. 3-7

Aug 2, 2015 16:40
AUD/USD had an uneventful week, and showed almost no change. The pair closed the week just shy of the 0.73 line. This week’s highlights are Retail Sales and Employment...

Basics & Industry»

Gold vs. Krugman, Interview with Francesc Riverola and the State of China – #61

Gold vs. Krugman, Interview with Francesc Riverola and the State of China – #61

Aug 3, 2015 10:10
QE is certainly controversial and will continue to stir a debate or a quarrel between various pundits. After this debate, we move on to an interview with FXStreet founder...

Recent Articles

GBP/USD: Trading the British Services PMI

GBP/USD: Trading the British Services PMI

If you’re new here, you may want to subscribe to receive daily updates. Thanks for visiting!British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for [&hellip

AUDUSD & USDJPY Look Higher – Elliott Wave Analysis

AUDUSD & USDJPY Look Higher – Elliott Wave Analysis

The mover in the overnight session was AUD which rallied sharply following the good retail sales and trade balance figures as well as the shift from the RBA. This bullish move has been technically expected, already ahead of the events as we highlighted a clear bullish pattern after only three waves down to 0.7260. At [&hellip

Aussie jumps after strong retail sales release

Aussie jumps after strong retail sales release

The Australian dollar has been one of the more heavily shorted currencies in recent months given that the Reserve Bank of Australia has consistently talked the Aussie down and the commodity complex has been steadily grinding lower. The Australian mining industry has been suffering as the Chinese economy continues to rapidly slow down. Iron ore [&hellip

AUD/USD leaps as RBA not worried about it any more

AUD/USD leaps as RBA not worried about it any more

The Reserve Bank of Australia left the interest rate unchanged but made a significant change about its comments regarding the Australian dollar. It no longer sees “further depreciation” as “both likely and necessary” but rather acknowledges the recent fall, or “adjustment” as it calls it. This sent AUD/USD to leap around 100 pips and hit a high [&hellip

A Lot More EUR Selling Still To Come; Where To Target? – BTMU

A Lot More EUR Selling Still To Come; Where To Target? – BTMU

EUR/USD is trading under the 1.10 level but isn’t going down too fast. What’s next for the common currency? The team at BTMU sees more EUR selling still to come and sets the next targets: Here is their view, courtesy of eFXnews: During July the euro weakened against the US dollar in terms of London [&hellip

EUR/USD, USD/JPY, GBP/USD Pivot Points, TA – August 3  2015

EUR/USD, USD/JPY, GBP/USD Pivot Points, TA – August 3 2015

EURUSD Daily Pivots R3 1.1283 R2 1.1197 R1 1.1089 Pivot 1.1005 S1 1.0897 S2 1.0811 S3 1.0703   EURUSD (1.097): EURUSD closed last week with a doji which comes after a previous bullish session. On the daily charts, price action closed just below 1.0975 level of support/resistance and we need to see further confirmation for [&hellip

US ISM Manufacturing PMI disappoints with 52.7 points – USD slides

US ISM Manufacturing PMI disappoints with 52.7 points – USD slides

The US manufacturing PMI was leaked and this forced the ISM to release it earlier. The figure stands at 52.7 points, below expectations. Employment drops to 52.7 points, from 55.5 in June. This is a worrying sign for Friday’s Non-Farm Payrolls. The USD slides, with EUR/USD climbing to 1.0980, USD/JPY dipping back down to 124, GBP/USD regaining the [&hellip

EURUSD Looks Positioned For More Losses

EURUSD Looks Positioned For More Losses

Talking Points Euro failed once again to maintain gains and traded below a major support area of $1.0980. German Manufacturing Purchasing Managers Index (PMI) released by Markit Economics posted an increase from 51.5 to 51.8 in July 2015. Euro Zone Manufacturing Purchasing Managers Index (PMI) also registered a rise from 52.2 to 52.4 in July [&hellip

AUD/USD: A Function of One Variable

AUD/USD: A Function of One Variable

Commodity-export economies run a seemingly unavoidable cycle. When the rate of production is less than the rate of consumption prices accelerate. When the demand is great enough, it creates something of a ‘horse race’ among producers. Increased capacity can capture more profit quickly so production ‘ramps-up’. Demand eventually reaches a peak; production overshoots demand creating [&hellip

Fed’s favorite inflation figure ticks back up to 1.3%

Fed’s favorite inflation figure ticks back up to 1.3%

The Core PCE Price Index has risen to an annual level of 1.3%. This is slightly bullish for the dollar, yet inflation still remains quite subdued and this rise was within expectations. Other figures released for June 2015 basically in line with predictions. The month over month rise in the core PCE Price Index came out [&hellip