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Technical Analysis

EURUSD analysis Wednesday 24 May 2017

5/24/2017 9:07:13 AM

EURUSD analysis Wednesday 24 May 2017   The pair has seen a decline at yesterday’s trading from a six-and-a-half-month high, following the recovery of the US dollar after the announcement of the US budget. This may show us that the euro is not strong enough to succeed in the consolidation against the US dollar. The US Federal Reserve has moved ahead with the tightening policy. We see that the rise of the euro against the dollar comes because of the weakness of the dollar. Yesterday, ...

GBPUSD analysis 24/5/2017

5/24/2017 9:03:55 AM

GBPUSD analysis 24/5/2017   After the divergence in the pair's movement during yesterday's trading, the pair reclined yesterday due to the Manchester bombings, which required the suspension of candidates in the elections to the British prime minister to suspend their campaign. In addition to the polls that indicated the chances of the victory of the Conservative Party, which belongs to Teresa May at June elections called by the British Prime Minister, a call that was supportive ...

GBPUSD analysis Tuesday, 23 May 2017

5/23/2017 9:12:43 AM

GBPUSD analysis Tuesday, 23 May 2017   The pair's movements varied during yesterday's trading after the talk of Teresa May, although the main reason for this contrast despite the weakness of the US dollar is that the markets still expect that bank of England will not start monetary tightening policy, and most expectations that the bank will not start in this Policy before 2019, which is relatively limiting the ability of the pound to rise, although it has seen support  by the ...

EURUSD analysis Tuesday, 23 May 2017

5/23/2017 9:11:21 AM

EURUSD analysis Tuesday, 23 May 2017   The pair continues to provide strong performance and a consecutive rise to reach its highest level yesterday in more than six and a half months at 1.1262 as the US dollar declined while uncertainty continued to dominate the US economy amid expectations that the US administration has no potential to stimulate economic growth. At the same time, the Euro continues to be supported by increased investor confidence in the Eurozone economy, which has helped ...

GBPUSD weekly analysis 22 to 26 May 2017

5/22/2017 8:09:09 AM

GBPUSD weekly analysis 22 to 26 May 2017   After the decline last week, the pair managed to return to its highest level in seven and half months at 1.3046 before closing the week at 1.3034. The pair's rally came in the wake of the rise in British inflation as well as the British labor market data, which supported the pound to maintain its strength against the US dollar.   Tuesday: The Governor of the Bank of England and a number of members of the Monetary Policy Committee ...

EURUSD weekly analysis 22 - 26 May 2017

5/22/2017 8:08:13 AM

EURUSD weekly analysis 22 - 26 May 2017   Last week, the pair achieved the best weekly performance since the British referendum and hit its highest level since the 6th of November, 2016 at 1.1211 after the support for the pair gained after the French elections and the victory of Macron Alongside the weakness of the US dollar after Trump's failure to stimulate US economic growth, despite the positive data recorded by the US labor market at the beginning of this month. Most important ...

Gold weekly analysis 22 - 26 May 2017

5/22/2017 8:07:35 AM

Gold weekly analysis 22 - 26 May 2017   For the second week, the precious metal continued to rise, taking advantage of fears of the markets of Trump's policy and skepticism about its ability to pass the tax reform plan that was promised during the election campaign, especially after being sacked by the FBI director and the news that he had tried to intervene in a federal investigation. Some say that his fate will be like Nixon after the Watergate scandal. Most important economic ...

Gold weekly analysis 22 - 26 May 2017

5/22/2017 8:06:07 AM

Gold weekly analysis 22 - 26 May 2017   For the second week, the precious metal continued to rise, taking advantage of fears of the markets of Trump's policy and skepticism about its ability to pass the tax reform plan that was promised during the election campaign, especially after being sacked by the FBI director and the news that he had tried to intervene in a federal investigation. Some say that his fate will be like Nixon after the Watergate scandal. Most important economic ...

GBPUSD analysis 18th of May 2017

5/18/2017 8:38:33 AM

GBPUSD analysis 18th of May 2017   Since 27th of April, the pair is trading within the range between 1.2985 and 1.2840. The pair is rising between the two levels despite the strong decline of the dollar during the current week but the pound sterling was unable to impose its strength despite the high inflation during the current month and it continued to rise above the bank of England target. On the other hand, the index of average income on a quarterly basis yesterday recorded 2.4%, ...

EURUSD analysis Thursday, 18th of May 2017

5/18/2017 8:37:20 AM

EURUSD analysis Thursday, 18th of May 2017   For the fourth session in a row the European Union continued to rise against the US dollar as the dollar index fell to its lowest level in six months The pair is still maintaining the support it received from Macron's success in the French elections, which ended the market fears of the disintegration of the euro area in the case of the success of Le Pen, the candidate of the extreme right. On the other hand, yesterday's final reading ...