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 was weighed upon last week by a resurgence in fear for the economy due to Trump reigniting the trade war with China via fresh tariffs
  • Equities sold off heavily as Trump’s 25% trade tariffs on Chinese goods, along with news of US warships being deployed to the Middle East, rocked risk sentiment
  • Oil prices saw a very subdued week of trading with price action caught between opposing market forces of trade war concerns, adding downside, and Middle East concerns, adding upside
  1. Tuesday, May 14 – EUR Eurozone ZEW Survey, 1200
  2. Wednesday, May 15 – EUR Eurozone GDP, 1200
  3. Wednesday, May 15 – CAD CPI, 1530
  4. Thursday, May 16 – AUD Unemployment Rate, 0430
  5. Friday, May 17 – USD University of Mich. Sentiment, 1700

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 35%
Short: 65%
Change w/w: -19%
Signal: Bearish

 

AUDUSD

Long: 85%
Short: 15%
Change w/w: -4%
Signal: Bullish

 

GBPUSD

Long: 69%
Short: 31%
Change w/w: +53%
Signal: Bullish

 

USDJPY

Long: 76%
Short: 24%
Change w/w: +31%
Signal: Bullish

technical analysis

A look at our most popular trading instruments

EURUSD
t

EURUSD rebounded off the 1.1119 level to trade back above the 1.1217 level though still within the bearish channel for now, keeping focus on further downside unless we see a break above 1.1325.

Support: 1.1119

Resistance: 1.1217

XAUUSD
t

Gold prices are trading back above the 1280.58 level for now while the bull flag continues, keeping focus on an eventual break higher.

Support: 1265.76

Resistance: 1298.32

AUDUSD
t

AUDUSD remains subdued against the .6982 low as it continues to show signs of an eventual downside break. Price is holding on, at least for now

Support: .6982

Resistance: 0.7021

USDJPY
t

USDJPY has sold off heavily from the last test of the 112.16 level and is now challenging key support at the 109.70 level.

Support: 109.70

Resistance: 112.16

GBPUSD
t

GBPUSD is now trading back inside the 1.30 – 1.33 range though only just managing to stay above the lower threshold for now.

Support: 1.30

Resistance: 1.33

USOIL
t

Oil prices are clinging to the 61.89 level following the recovery off the 60.42 level support. While above here, focus remains on further upside.

Support: 60.41

Resistance: 64.38

 

interesting indices

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

Dow Jones

Equities were heavily sold last week as fresh US tariffs on Chinese goods alongside the deployment of US warships to the Middle East has weighed on risk sentiment.

RSI: 38.5208 Bullish
Stochastic: 32.5971 Bearish
MACD: -26.27 Sell
EMA* (30): 26198 Sell
EMA* (100): 25697.1 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Equity markets are under pressure as geopolitical risk factors grow.

RSI: 45.7356 Bearish
Stochastic: 35.4880 Bearish
MACD: 40.69 Buy
EMA* (30): 7615.1 Sell
EMA* (100): 7304.3 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.