News and Events
The US dollar made small gains against the Euro on Friday as traders took some profits off the table after the failure of resistance at 1.3100. However, it is still near a 3 month low against a basket of currencies as there are concerns about the US growth. The Yen gained across the board as stock markets in the US and Japan lost some ground, together with month end buying from Japanese exporters. All eyes are now on the US GDP release early in the afternoon which could be a reason for traders to sell the dollar should the figure disappoint the market.
Technical Analysis
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EUR/USD
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GBP/USD
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EUR/GBP
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USD/JPY
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DOW cfd
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XAU/USD
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OIL cfd
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Res. 2
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1.3125
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1.5690
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0.8415
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87.45
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10500
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1176
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79.50
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Res. 1
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1.3100
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1.5660
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0.8395
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87.00
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10410
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1170
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78.80
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Market
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1.3060
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1.5610
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0.8365
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86.30
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10360
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1167
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78.00
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Sup. 1
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1.3045
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1.5550
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0.8350
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85.85
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10330
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1157
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77.70
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Sup. 2
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1.3010
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1.5520
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0.8325
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85.00
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10240
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1150
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76.80
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AUDUSD 4H chart
The pair is range trading in the last few days. An approach to the bottom of the range would be considered a buying opportunity.
GBPUSD 1H chart
The pair is on an uptrend and any approach to 1.5550 would be considered a buying opportunity
Disclaimer
This research report or summary has been prepared by TFI Markets from information believed to be reliable. Such information has not been independently verified and no guarantee, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness. This report is provided for information purposes only. Nothing in this report should be considered to constitute investment advice. It is not intended, and should not be considered, as an offer, invitation, solicitation or recommendation to buy or sell any of the financial instruments described herein. TFI Markets accepts no liability whatsoever for any direct or consequential loss arising from the use of this document or its contents.
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