Daily Outlook 8-08-2014

Topic locked
  • Reply
Daily Outlook 8-08-2014 Aug 08, 2014
QE didn’t show up of course and the majors didn’t do anything altogether diverse. There is checked contrast with the values in this portion in regards to the value activities.

Euro (1.3362) didn’t find any course significantly after the ECM meet and is stuck in the restricted scope of 1.3330-90. Sit tight for a breakout to run with the fleeting stream. All the bigger patterns stay down.

Dollar-Yen (101.81) is exchanging the scope of 101-103 yet lost the bullish catalyst to endeavor the troublesome ascent to 103.50-104.the extent bound value activity doesn’t look like closure whenever soon. Euro-Yen (136.01) is trying the real help zone of 136.00-135.75 after the Euro debilitated. A break underneath 135.75 would mean a conceivable adventure towards 134 levels.

Pound (1.6812) tried 1.68 levels after a sharp dismissal from 1.6890-6900 obviously. The BOE meet couldn’t influence the pattern or course in any critical way and all ricochets ought to be restricted to 1.69 levels in this firm downtrend.

Aussie (0.9256) is experiencing a horrible selloff as its Unemployment rate hits a 12-year high and the Labor Force information takes a swing at -300 against the normal 13500. The value activity at the long haul help zone of 0.9250-0.92 may focus the medium term heading and pattern.

Gold (1316.02) is climbing pointedly and if that maintains, it may focus on 1340-1350 in the close term. This may be an impermanent ascent and we might soon see a fall towards 1300 from 1340-1350 levels. Gold-WTI degree (13.48) is trying urgent safety close to 13.5 and that may push it towards 13-12.5 in the close term. That may indicate a bearish Gold perhaps after a few sessions.

CommexFX
Dubai Forums Enthusiast
Posts: 76
Location: null IN

posting in Dubai Business TalkForum Rules

Return to Dubai Business Talk


  • Related topics
    Replies
    Last post