FXPRIMUS Weekly

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FXPRIMUS Weekly is your comprehensive technical and fundamental trading guide for the coming week! Access the latest news and in-depth technical indicator data, delivered by our market experts each and every week!

 

Market Movers

Events likely to influence the financial markets.

Last Week:

  • USD has been under steady pressure recently as data weakness has compounded Fed easing expectations
  • Prospect of fresh Fed easing has kept equities well supported
  • Oil prices remained supported last week due to another bullish report from the EIA showing a further draw in US crude stores
  1. Tuesday, July 2 – GBP BOE Governor Carney Speech, 1705
  2. Wednesday, July 3 – USD ISM Non-Manufacturing, 1700
  3. Friday, July 5 – CAD Unemployment Rate, 1530
  4. Friday, July 5 – USD Non-farm Payrolls, 1530
  5. Friday, July 5 – USD Unemployment Rate, 1530

The times mentioned above are in Server Time (MT4 Time).

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 90%
Short: 10%
Change w/w: -4%
Signal: Bullish

 

AUDUSD

Long: 25%
Short: 75%
Change w/w: -28%
Signal: Bearish

 

GBPUSD

Long: 70%
Short: 30%
Change w/w: +9%
Signal: Bullish

 

USDJPY

Long: 71%
Short: 29%
Change w/w: -20%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD is starting to look like it has carved out a medium-term base, with a break above the 1.1420 level needed to open the move up to 1.1569 next.

Support: 1.1329

Resistance: 1.1420

XAUUSD
t

Gold tested the mid-2013 high of 1433.48 which has held as resistance for now. While still above the broken 2014 high of 1391.61, focus is on further upside.

Support: 1391.61

Resistance: 1433.58

AUDUSD
t

AUDUSD continues to storm higher with price now back above the .70 level putting focus on a test of the bearish trend line next.

Support: .70

Resistance: .7050

USDJPY
t

USDJPY is currently retracing within the recent bearish move. 108.15 and the bearish trend line are keeping price capped for now, keeping focus on a further move lower.

Support: 107.63

Resistance: 108.15

GBPUSD
t

GBPUSD has managed to trade back above the 1.26 level and is putting pressure on resistance at the 1.2771 level for now, a break of which will open up a test of the 1.2864 level next.

Support: 1.2603

Resistance: 1.2771

USOIL
t

Oil traded up to just shy of the 60.15 resistance last week before reversing lower to test the broken 58 level from above. While above here, focus is on a further push higher. Below here, next support is 55.80.

Support: 58

Resistance: 60.15

 

interesting indices

Using technical indicators to give an in-depth look into Indices.

Dow Jones

The theme of Fed easing expectations keeping equities supported is continuing for now as recent US data weakness keeps USD pressured.

RSI: 60.0860 Bullish
Stochastic: 31.2829 Bearish
MACD: 236.27 Buy
EMA* (30): 26168.6 Buy
EMA* (100): 25843.1 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

The market is, for now, shrugging off concerns around the US/China trade war as well as the threat of military conflict between the US and Iran, and is focusing on the prospect of Fed easing in the coming months.

RSI: 58.5729 Bullish
Stochastic: 21.8674 Bearish
MACD: 71.24 Buy
EMA* (30): 7533.9 Buy
EMA* (100): 7385.9 Buy

* EMA => Exponential Moving Average

click to view charts
nasdaq

Any opinions, news, research, analyses, prices or other information contained here are provided as general market commentary and do not constitute investment advice. FXPRIMUS does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.