FXPRIMUS Weekly

open live account

 
 

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 traded lower over the week despite a more neutral statement from the Fed and better than expected NFPs and Unemployment Rate for April
  • Equities remained buoyant also as the prospect of a US/China trade deal increases
  • Oil prices traded lower as the latest EIA report showed an unexpected build in US crude inventories along with fresh record highs in US crude production

The times mentioned above are in GMT+3 (MT4 Time).

  1. Tuesday, May 7 – AUD RBA Rate Meeting, 0730
  2. Wednesday, May 8 – NZD RBNZ Rate Meeting, 0500
  3. Thursday, May 9 – CNY CPI, 0430
  4. Friday, May 10 – GBP GDP, 1130
  5. Friday, May 10 – USD CPI, 1530

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 54%
Short: 46%
Change w/w: -31%
Signal: Bullish

 

AUDUSD

Long: 89%
Short: 11%
Change w/w: +3%
Signal: Bullish

 

GBPUSD

Long: 16%
Short: 84%
Change w/w: -60%
Signal: Bearish

 

USDJPY

Long: 54%
Short: 46%
Change w/w: +31%
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

After trading back up to retest the 1.1217 resistance, EURUSD remains capped and rangebound between the level and 1.1119.

Support: 1.1119

Resistance: 1.1217

XAUUSD
t

Gold prices continue to test the 1280.58 level from below, while the level continues to hold resistance.

Support: 1243.54

Resistance: 1280.58

AUDUSD
t

AUDUSD continues to probe lower with price breaking below .7021 to test the .6983 2018 closing low.

Support: .6983

Resistance: 0.7021

USDJPY
t

USDJPY once again challenged the 112.16 level resistance which capped the advance, turning price back toward the bullish trend line support.

Support: 110.81

Resistance: 112.16

GBPUSD
t

GBPUSD finally broke down through the bottom of the 1.30 – 1.33 range, only to reverse and trade back up into the range.

Support: 1.30

Resistance: 1.33

USOIL
t

The 64.38 resistance level has put a stop to the oil rally for now as price surges lower, testing support at 61.88.

Support: 61.88

Resistance: 64.38

 

interesting indices

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

Dow Jones

Equities continue to rally on trade deal optimism, bolstered last week by a weaker US dollar.

RSI: 50.3220 Bullish
Stochastic: 44.6178 Bearish
MACD: 135.47 Buy
EMA* (30): 26275.1 Buy
EMA* (100): 25679.6 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Equity markets remain well bid as the Fed refrained from giving any indication of a rate hike later in the year, leading USD lower.

RSI: 5990.21 Bullish
Stochastic: 43.9830 Bearish
MACD: 108.87 Buy
EMA* (30): 7615.1 Buy
EMA* (100): 7269.2 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.