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Technical Analysis

GBPUSD analysis Thursday 6th of July 2017

7/6/2017 10:30:39 AM

GBPUSD analysis Thursday 6th of July 2017    The pair rose during yesterday's trading despite the slowdown in the growth of the British service sector to join the construction and manufacturing sectors, which should have raised the fears of the markets, especially with the start of the round of negotiations between the British government and the European Union on the British exit. But, we see that the overall trading yesterday was different and was not in one direction, the ...

EURUSD analysis Thursday 6th of July 2017

7/6/2017 10:29:25 AM

EURUSD analysis Thursday 6th of July 2017    The pair rose during yesterday's trading and ended the decline which lasted for three consecutive sessions despite yesterday's rise, the pair initially fell to a one-week low at 1.1311. The reasons for yesterday's rally and the recovery from the lowest level in a week is the service sector  data in the euro zone that came  above market expectations, as the final reading of the PMI showed in the sector after recording ...

GBPUSD analysis Wednesday 5th of July 2017

7/5/2017 7:47:04 AM

GBPUSD analysis Wednesday 5th of July 2017   Despite the American holiday yesterday in the Independence Day and statements by a member of the Bank of England's financial policy committee that British families should prepare to raise the British interest rate, the pair declined during yesterday's trading due to the continuing fears of the markets and due to concerns that Britain should undertake a round of tough negotiations that could harm the growth of the British economy. The ...

EURUSD analysis Wednesday 5th of July 2017

7/5/2017 7:46:12 AM

EURUSD analysis Wednesday 5th of July 2017   For the third session in a row, the pair continued to decline despite the US holiday yesterday but what caused the pressure on the European currency yesterday against the US dollar were some of the statements of analysts who believe that the markets have misunderstood the comments of Mario Draghi at the Forum of central banks last week in Portugal Which opened the way for market speculation that the ECB will cut its monetary stimulus policy in ...

EURUSD analysis Tuesday 4th of July 2017

7/4/2017 11:16:52 AM

EURUSD analysis Tuesday 4th of July 2017   For the second session in a row, the pair declined yesterday against the positive data recorded by the US manufacturing sector after releasing the Purchasing Managers' Index in the manufacturing sector which recorded 57.8 higher than the expectations that were pointing to 55.0 while the previous reading recorded 54.9. On the other hand, the final reading of the Purchasing Managers' Index in the manufacturing sector in the euro area was ...

GBPUSD analysis Tuesday 4th of July 2017

7/4/2017 11:15:51 AM

GBPUSD analysis Tuesday 4th of July 2017   Yesterday, the pair stopped the four-session uptrend due to of a slowdown in the UK manufacturing sector for the second month in a row after the Manufacturing PMI recorded 54.3, lower than market expectations of 56.4. The previous reading has been revised down from 56.7 to 56.3. The reason for the pair's rise in the past week is the remarks by Bank of England Governor Mark Carney, who left the door open for expectations of a British interest ...

EURUSD analysis Thursday 29 June 2017

6/29/2017 9:03:44 AM

EURUSD analysis Thursday 29 June 2017   In light of the decline of the US dollar under the pressure of the Senate vote on the US health care project, which will replace the Obama care Which made the markets return to the fears that the US administration is unable to implement the pledges of the US President Donald Trump during his campaign. The comments of Mario Draghi,  contributed to the high expectations of the markets that  the European Central Bank will begin in reducing ...

GBPUSD analysis Thursday 29 June 2017

6/29/2017 9:01:29 AM

GBPUSD analysis Thursday 29 June 2017   Despite the pair's rise for the second straight day supported by Mark Carney's remarks yesterday at the Central Banks Forum held in Portugal under the auspices of the European Central Bank and hinted that the Bank of England may raise interest rates soon. There is a group of experts that says that rising the rate is not more important than the negotiations between Britain and the European Union and the ability of the British economy to ...

EURUSD analysis Wednesday 28 June 2017

6/28/2017 8:49:56 AM

EURUSD analysis Wednesday 28 June 2017   The pair rose strongly during yesterday's trading to reach its highest level in ten months on the back of the strong support received by the euro from the statements of Mario Draghi, European Central Bank, which opened the way to take effective steps, which I considered the markets as the beginning of the road towards the end of policy Facilitation and a shift towards the tightening policy, which could help to narrow the gap between the policy ...

GBPUSD analysis Wednesday 28 June 2017

6/28/2017 8:48:18 AM

GBPUSD analysis Wednesday 28 June 2017   The pair rose at yesterday’s trading, after the news of the agreement between the ruling Conservative Party and the Democratic Union Party, which could guarantee the majority of the British government in parliament. After opening yesterday's trading at 1.2721, the pair hit yesterday's low at 1.2715 and then it rose to 1.2860, but reduced its gains to close at the end of the day at 1.2813. The Pound benefited from the news of the ...