In today's video market update, we take a closer look the US Dollar Index from a technical analysis point of view, which is trading in line with our expectations, as mentioned in the previous reports. Then, we briefly provide an overview of the Bank of England decision to keep the current policy on hold, looking at how the market reacted to such decision, including FTSE100 and GBPUSD, speculating the possible moves ahead. Furthermore, we take a look at Gold's technical picture and point out the key support areas where buyers are likely to appear. We also review the Asian session data, which had a notable impact on Asian equities, especially those from China. We also preview the upcoming economic releases in Europe and the potential impact on the Euro. Finally, we preview the upcoming economic releases in the US, which are likely to have the biggest impact on the markets today.
Daily Market Updates
In today’s video market update, we take look at the US Dollar Index from a technical analysis point of view, which has been struggling below a solid resistance. We speculate on the possible moves over the next few days, showing the most important support areas. We also take a look at Japan’s potential QE, which has yet to be announced, though global equities have continue to rise side-by-side with the falling yen. We explain the reasons behind the profit taking on safe haven assets and explore a possible strategy for the coming weeks. Last but not least, we review a technical picture of the British Pound, speculating on the possible moves over the next few days. Finally, we preview the upcoming economic releases which are set to have a notable impact on the markets, especially those from Canada.
In today’s video market update, we first take a look at the Japanese Yen against the major currencies, which declined sharply since the beginning of the week. We explore the reasons behind this decline and speculate on what to look for in the possible statement from the Government of Japan. We also examine Former Fed Chief Ben Bernanke’s visit with the Japanese PM. We look closely at the British Pound and discuss the recent gains, whether it could continue in the coming days and what are the most important levels to watch. Finally, we briefly preview the upcoming economic releases which may have a slight impact on the markets.
In today’s video market update, we take a look at the most important movers of the Asian session, including Gold and Silver, which broke above key major resistance levels. We explain the key levels to watch until the end of the week, which should grant a stronger bullish outlook over the short and medium term. We also take a closer look at the British Pound who also lost more ground in Asia, explaining the reasons behind the sharp decline and which levels to watch over the next few days. We also take a look at the Aussie, which is trading inline with our estimates, speculating the possible moves over the next few days. Finally, we preview the upcoming economic releases, explaining the possible impact on the market throughout the day.
In today's video market update, we take a look at the first trading day of the week, which saw low volatility following the 4th of July long weekend in the U.S. However, safe haven assets advanced further before trimming gains. We explain the reasons behind today's decline and speculate on how long it may continue. Moreover, we take a closer look at the RBA decision, explaining why the Aussie may only see limited gains in the coming weeks. Furthermore, we examine the British Pound, speculating the next key support ahead of the US Jobs Report this week. Finally, we preview the upcoming economic releases throughout the day.