Author - Sainmaco_admin

EUR/USD

EUR/USD finally made a breakthrough and reached the highest levels in over a year. Is this the beginning of a longer trend? The first week of July features PMIs and the ECB meeting minutes. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD The AUDUSD pair has a good resistance, it is the reverse for the EURUSD! We are looking at a good support this week for the EURUSD and the level [...]

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AUD/USD

AUD/USD reversed directions last week and gained 110 points. The pair closed at 0.7683. This week’s key indicators are Retail Sales and the RBA rate statement. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. It’s back to the basics for the AUDUSD pair as we again want to trade the long-time resistance level of 0.7740! This level has been tested over and over again and now we see the level finally coming into [...]

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GBP/USD

GBP/USD soared last week, gaining 250 points. The pair closed at 1.3015, the first weekly close above the 1.30 level since May. This week’s highlights are the PMI reports. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. This week for the GBPUSD, we are looking at one of the most ignored timeframes of all time – the M30 chart! The M30 chart is most often ignored as traders prefer the M5 [...]

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One Belt One Road Project

While the actual realization of this project certainly won’t be in 2016, this project is nonetheless goes on our to-watch list because every phase of its development can mean earth-shaking changes for the world economy. The One Belt One Road Project is a developmental project comprised of two parts; the Maritime Silk Road and the Silk Road Economic Belt, the former goes on water while the latter goes on land. Both, however are aimed at promoting trade and creating a [...]

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Opening of the Panama Canal locks

This is an event which probably has escaped the eyes of most traders because of its more obscure media coverage, especially in the Asian spectrum. However, make no mistake, the opening of the third set of locks of the Panama Canal signify a huge economic event for America and more importantly the world. With the opening of the Panama Canal locks, the port can expect to handle ships as much 2.6 times of the largest ones now being handled [...]

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Brexit – Just the start?

1st on the list is Brexit! The question of whether the rest of the countries will remain within the European Union has been answered, but what lies in wait for the fate of Europe? The United Kingdom has appointed its new prime minister and the silver lining seems to be the fact that the new British Prime Minister, Theresa May has signalled that she will not be invoking article 50 before the United Kingdom has its plans settled. This is [...]

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