Posts
Following another above target CPI in April, Chinese officials elected to increase the reserve requirement ratio for their banking institutions by 0.5%, the eighth increase in 5 months. Every time China, the world's second largest economy, takes steps to decrease the growth, a flight to safety arises. Commodities suffer the most as demand from China is predicted to slow as a result of tightening.
Crude oil fell on Thursday, building on the yesterday's distinct losses, as the International Energy Agency cautioned that high oil prices are causing reduced demand, specifically in the U.S. The U.S. is the greatest oil consumer, followed by China. Put these 2 developments collectively and a perfect storm is created for the U.S. dollar's rally plus a slide in equities. The USD forex gains were helped by poor U.K. manufacturing Production and a significantly softer than expected report on the Euro Zone Industrial Production.
EUR/USD reliable free forex trading signals: The EUR/USD at first attempted moving higher but 1.4420 resistance kept sturdy and as rumours encompassing the possible delay of a rescue package to Greece came up it was strongly sold lower. There is a lot of mixed feelings with traders and at the present time the bulls are satisfied purchasing the drop respecting the 1.4150 support and the bears are pleased to sell rallies back toward 1.4250 initially.
USD/JPY accurate, reliable free fx signal: The USD/JPY continues to grind higher and the longer we stay above 80.50, the greater opportunity we will have to break higher in the approaching days and this continual rally has fx traders sensing a general change in the sentiment and a careful bullish tone is now emerging providing that the rally can be continued. A break down through 80.50 might bring the bearish tone back again.
GBP/USD best daily professional forex trading signals: GBP broke higher on the BoE statement that inflation in the UK might reach 5% in the near term and traders took this as an tremendously bullish signal. This announcement combined with a crack of vital resistance found the GBP up to the highs where the reversal happened as the adverse news from the Eurozone triggered the GBP to get trapped in the crossfire and sold intensely.
Crude oil fell on Thursday, building on the yesterday's distinct losses, as the International Energy Agency cautioned that high oil prices are causing reduced demand, specifically in the U.S. The U.S. is the greatest oil consumer, followed by China. Put these 2 developments collectively and a perfect storm is created for the U.S. dollar's rally plus a slide in equities. The USD forex gains were helped by poor U.K. manufacturing Production and a significantly softer than expected report on the Euro Zone Industrial Production.
EUR/USD reliable free forex trading signals: The EUR/USD at first attempted moving higher but 1.4420 resistance kept sturdy and as rumours encompassing the possible delay of a rescue package to Greece came up it was strongly sold lower. There is a lot of mixed feelings with traders and at the present time the bulls are satisfied purchasing the drop respecting the 1.4150 support and the bears are pleased to sell rallies back toward 1.4250 initially.
USD/JPY accurate, reliable free fx signal: The USD/JPY continues to grind higher and the longer we stay above 80.50, the greater opportunity we will have to break higher in the approaching days and this continual rally has fx traders sensing a general change in the sentiment and a careful bullish tone is now emerging providing that the rally can be continued. A break down through 80.50 might bring the bearish tone back again.
GBP/USD best daily professional forex trading signals: GBP broke higher on the BoE statement that inflation in the UK might reach 5% in the near term and traders took this as an tremendously bullish signal. This announcement combined with a crack of vital resistance found the GBP up to the highs where the reversal happened as the adverse news from the Eurozone triggered the GBP to get trapped in the crossfire and sold intensely.
About the Author:
Easy Pips Forex Signals is the best fx trading service delivering alerts direct to your mt4 trading account. See how you can qualify to receive their free forex signals by using their broker.
No comments:
Post a Comment