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 moved lower over the week as a better risk tone lifted equities, diverting capital flows
  • Equities were firmly higher over the week as news of a potential interim trade deal between the US and China boosted sentiment
  • Oil prices were lower as OPEC cut its global demand forecasts along with the EIA upgrading its US crude production outlook
  1. Tuesday, September 17 – AUD RBA Meeting Minutes 0430
  2. Wednesday, September 18 – GBP CPI 1130
  3. Wednesday, September 18 – USD FOMC Rate Decision 2100
  4. Thursday, September 19 – JPY BOJ Rate Decision
  5. Thursday, September 19 – GBP BOE Rate Decision 1400

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

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 31%
Short: 69%
Change w/w: -26%
Signal: Bearish

 

AUDUSD

Long: 31%
Short: 69%
Change w/w: -60%
Signal: Bearish

 

GBPUSD

Long: 40%
Short: 60%
Change w/w: -33%
Signal: Bearish

 

USDJPY

Long: 6%
Short: 94%
Change w/w: -44%
Signal: Bearish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD spiked higher into the 1.1112 level which has capped the rally for now. Above here, focus will be on a test of the bear channel top around 1.1217.

Support: 1.1025

Resistance: 1.1217

XAUUSD
t

Gold prices have fallen back below the key 1522.75 level putting focus on a retest of the 1435.96 level next.

Support: 1435.96

Resistance: 1522.75

AUDUSD
t

AUDUSD has staged a solid recovery back above the .6852 level, putting focus on a move back up to test the bearish trend line next.

Support: .6758

Resistance: .6926

USDJPY
t

USDJPY has rallied strongly back above the 107.62 level and is now testing the bearish trend line from spring highs.

Support: 107.62

Resistance: 108.84

GBPUSD
t

GBPUSD has recovered firmly within the broader bearish channel. A further move higher here brings the bear channel top into view ahead of the next structural level.

Support: 1.2697

Resistance: 1.2382

USOIL
t

Oil pierced briefly above the bearish trend line from year to date highs before reversing back under, putting focus on further downside in the near term.

Support: 53.78

Resistance: 58.41

 

interesting indices

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

Dow Jones

Equities were well supported last week as optimism grows around a potential, interim US/China trade deal.

RSI: 52.5745 Bullish
Stochastic: 92.1716 Bullish
MACD: 214.22 Bullish
EMA* (30): 26520.4 Buy
EMA* (100): 26311.7 Buy

* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

A wave of fresh easing in Europe as well as expectations of further easing in the US are adding to the better risk appetite seen recently, keeping the outlook positive for equities in the near term.

RSI: 59.2836 Bullish
Stochastic: 78.5876 Bullish
MACD: 52.57 Bullish
EMA* (30): 7738.6 Buy
EMA* (100): 7627.8 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.