Daily reviews

EURUSD

The pair has risen amid the weak ADP data. It has also received support from the head of Bundesbank Jens Weidmann, who made it clear that EU economic recovery demands a gradual tightening of the monetary policy. 

The price is higher than the middle Bollinger band, lower than SMA5, …

EURUSD

The pair remains in the short term downside trend. The positive ADP Nonfarm Employment data, which is to be released today, will most probably push the pair down.

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides lower than 50% …

GBPUSD

The pair has breached 1.2910 level, which enables its further decline as the positive data on the US employment is expected to be revealed and the Fed’s June meeting minutes, which are to be released today, are expected to be favorable for the USD.

The price is below the …

EURUSD

The pair resides lower than the 1.1355 level. Most probably its corrective fall will continue amid the thin market situation due to the Independence day in the United States. 

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI is crossing the …

EURUSD

The pair is trading higher than 1.1390 level, breaching of which amid the positive economic statistics from the US may lead to the beginning of a more serious corrective price fall. 

The price is higher than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides …

GBPUSD

The pair is trading above 1.3000 level as the Bank of England is expected to raise interest rates. However, the pair has grown considerably and now may correct not only because it’s strongly overbought, but also under the influence of USD growth, as it’s receiving support from the release …

GBPUSD

The pair is trading lower than 1.2965 level amid the strong expectations regarding the interest rate increase by the Bank of England, which was confirmed on Wednesday by M. Carney. However, the pair has grown significantly and may correct downwards before continuing the probable growth. 

The price is higher …

EURUSD

The pair is traded below 1,1350 level. If this level is breached, the pair is likely to experience a local price growth as the investors expect the ECB to wrap up the stimulating measures as soon as early next year. 

The price is above the middle Bollinger band, above …

USDJPY

The pair is traded above 111.75 level. It will have a positive effect on the United States dollar if Janet Yellen’s upcoming speech confirms the Fed’s intention to continue raising interest rates, and normalize its monetary policy.

The price is above the middle Bollinger band, below SMA 5, but …

EURUSD

The pair is trading within the 1.1140-1.1210 range, where it will probably stay until the publication of the consumer inflation data later this week. The pair continues to receive support from the market's hopes that the ECB will announce a reduction of the stimulus measures this fall and that …