Technical analysis - Page 436

The Australian Dollar fell to a one-year low on Tuesday after the release of the minutes from the latest Reserve Bank of Australia (RBA) monetary policy meeting and escalation of the trade war between US and China. The minutes from.

The AUDJPY pair was hammered overnight as US President Trump announced his wish to impose a further $200 Billion worth of tariffs on trade with China. The Australian economy is largely dependent on exports of raw materials to China and.

The Oil market is on the back foot at present after a large decline on Friday from the highs at $67.00. The selloff came in advance of the OPEC meetings this week where production cuts are to be discussed. Trade.

The UK 100 Index is moving lower again today after a horrid selloff on Friday. The retracement from the high at 7900.00 on the 22 of May merged into a sideways consolidation pattern if not an outright bear flag over.

Cryptocurrencies got a lift from some positive news after a week of continued declines with the market capitalisation dropping to $284bn. The US Securities and Exchange Commission (SEC) clarified that Bitcoin and Ethereum are not considered securities under the law..

EURGBP pair was pushed lower yesterday after the ECB announcement. The pair has traded above 0.88000 and was using its 4 hour moving averages as support but the weakness in the Euro sent the price driving under this indicator at 0.87729.

The German 30 Index was propelled higher yesterday as the Euro weakened in response to the ECB decision to taper its QE purchases. The index broke above resistance at 12950.00 and 13000.00 before falling short of the 13200.00 level. It.

At 08:30 GMT, UK Halifax House Price Index (MoM) (May) is expected to be 2.0% against -3.1% previously. UK Halifax House Price Index (3m/YoY) (May) is expected to be 2.4% against 2.2% previously. This data has been declining since hitting.

The private Oil data yesterday showed an unexpected draw in inventories of -2.028M and we await data this afternoon to support that view. There is also Canadian Trade, Building Permits and PMI data being released today. USDCAD advanced to trend.

The GBPJPY pair is retesting is rising trend line resistance today at 147.842 which is also the level of its 200 period MA in this 4 hour chart. There has been a spectacular selloff from the 150.000 level all the.

• Copper broke resistance zone • Further gains are likely Copper recently broke the resistance zone located between the key resistance level 3.180 (which has been steadily reversing the price from the start of March) and the 61.8% Fibonacci correction.

The Euro is strengthening after comments by ECB speakers have hinted that the central bank may look to announce an end to Quantitative Easing (QE), possibly as early as at the June meeting. Coordinated comments made by Praet, Hansson, and.