28 July 2018

Below you can find our 28 July 2018 posts archive, organized chronologically.
  • U.S Mortgages – On the Rise, but not by Much…

    Mortgage rates were on the rise last week, but with softer inflation in the quarter, a pullback in yields could continue should the FED hit pause mid-week.

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  • AUD/USD daily chart, July 30, 2018

    AUD/USD Price Forecast – Aussie continues to find support underneath

    The Australian dollar has found support after the GDP number coming out of the United States was only 4.1%, 0.1% less than anticipated. Overall, the market looks likely to continue to find people looking for value underneath, and I think it’s only a matter of time before we break out to the upside again.

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  • EUR/USD daily chart, July 30, 2018

    EUR/USD Price Forecast – Euro falls ahead of GDP

    The EUR/USD pair has fallen initially during the day on Friday, reaching down towards the 1.1625 level. There is a significant amount of support near the 1.16 level, and most certainly below there at the 1.15 handle. Because of this, expect a lot of noise in this pair.

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  • GBP/JPY daily chart, July 30, 2018

    GBP/JPY Price Forecast – British pound continues to soften against Japanese yen

    The British pound has drifted lower against the Japanese yen during the trading session on Friday again, reaching towards the ¥145.50 level. This is an area that has been supportive in the past, so don’t be surprised if we get some type of bounce.

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  • GBP/USD daily chart, July 30, 2018

    GBP/USD Price Forecast – British pound drifts lower

    The British pound has drifted a bit lower during the trading session on Friday, as we continue to see the US dollar show signs of strength. The GDP coming out of America should be strong, and as a result I think that the market should favor the dollar, but I also believe that the 1.30 level underneath is the floor.

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  • USD/JPY daily chart, July 30, 2018

    USD/JPY Price Forecast – US dollar continues to show strength against Japanese yen

    The US dollar rallied slightly during the trading session on Friday going into the GDP numbers, as we continue to press the 100 level ¥0.50 level. If we can break above that level, the market should continue to go much higher, perhaps reaching towards the ¥112 level.

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  • Gold daily chart, July 30, 2018

    Gold Price Forecast – Gold markets extraordinarily volatile on Friday

    Gold markets were very volatile during the day on Friday, initially breaking down rather significantly to reach down towards the $1218 level, before exploding to the upside after the GDP number in the United States miss by 0.1%. However, the US dollar is still a very strong currency, so I think it’s only a matter of time before the Gold markets will face some type of bearish pressure.

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  • Natural gas daily chart, July 30, 2018

    Natural Gas Price Forecast – natural gas markets rally significantly on Friday

    Natural gas markets rallied rather significantly on Friday, gaining 1%, but more importantly forming a very strong weekly candle. Because of this, I think that the market is going to continue to see bullish pressure in the short term, mainly bouncing around in the longer-term consolidation area.

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  • Crude Oil daily chart, July 30, 2018

    Crude Oil Price Forecast – crude oil markets choppy on Friday

    The crude oil markets were rather choppy during the Friday session as we got GDP figures coming out of the United States. They were 4.1%, which of course is good and should foretell demand, but at the same time it was 0.1% less than expected.

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  • Silver daily chart, July 30, 2018

    Silver Price Forecast – Silver rallies significantly after GDP miss

    Silver markets initially dipped lower during the trading session on Friday, but as preliminary GDP came out at “only” 4.1% in the United States, the US dollar had a reversal of fortune for the day. At this point, it looks as if silver is trying to find a bit of a “floor” just below the $15.50 level, just as we see on the weekly chart.

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  • S & P 500 daily chart, July 30, 2018

    S&P 500 Price Forecast – S&P 500 nose dives on Friday

    The S&P 500 fell rather hard during the day on Friday, losing the 0.5% by the time I recorded this video. The market looks as if it is ready to pull back rather drastically, but I think this is more or less an overreaction to the slight mess on the GDP figures, and I think it’s only a matter of time before we turn back around.

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  • AUD/USD weekly chart, July 30, 2018

    AUD/USD Weekly Price Forecast – Aussie continues to find support

    The Australian dollar has been very noisy during the week, reaching down towards the 0.7350 level again, but as we have seen over the last several weeks, the buyers came back in and push this market to the upside. The 0.7350 level underneath is the beginning of a major support level down to the 0.73 handle.

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  • EUR/USD weekly chart, July 30, 2018

    EUR/USD Weekly Price Forecast – Euro continues to grind sideways

    The EUR/USD pair was very quiet during the week as we continue to grind sideways overall. I believe that the market is looking at the 1.15 level as a major level of support and therefore possibly value, meaning that I don’t see much changing in the short term.

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  • GBP/JPY weekly chart, July 30, 2018

    GBP/JPY Weekly Price Forecast – British pound drift slightly lower against Japanese yen for the week

    The British pound has been very noisy over the last week, with a slightly negative bias built in. It looks as if the ¥145 level underneath is broken to the downside, it’s likely that we could see continued bearish pressure. However, I would need to see a weekly close below that level to get short.

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  • GBP/USD weekly chart, July 30, 2018

    GBP/USD Weekly Price Forecast – British pound continues to tread water

    The British pound continues to hover just above the vital 1.30 level on the longer-term charts, as we are most certainly stuck in a consolidation area. Beyond that, August tends to be a relatively quiet month in the Forex world, so I think we will continue to see more of the same. However, the Brexit can change anything at the drop of a hat.

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  • USD/JPY weekly chart, July 30, 2018

    USD/JPY Weekly Price Forecast – US dollar flat against Japanese yen

    During the week, the US dollar has been very flat against Japanese yen as we continue to bounce around the ¥111 level. This is an area that has been resistance recently, but now that we have broken above there we have pulled back to find support again. At this point, the market looks very likely to continue to find a reason to go higher.

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  • Gold weekly chart, July 30, 2018

    Gold Weekly Price Forecast – Gold markets drift slightly lower again during the week

    Gold markets fell again during the week, breaking below the $1225 level before bouncing significantly on Friday after the GDP numbers came out. We are starting to approach a somewhat strong demand level longer term, but I think we probably continue to go lower in the short term.

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  • Natural gas weekly chart, July 30, 2018

    Natural Gas Weekly Price Forecast – natural gas markets finds support

    Natural gas markets initially fell during the week, testing the $2.70 level. But by the time we closed out the week, it looks as if we are trying to bounce a bit, continuing the overall consolidation that we have been in for so long.

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  • Crude Oil weekly chart, July 30, 2018

    Crude Oil Weekly Price Forecast – crude oil recovers slightly during the week

    Crude oil markets recovered slightly during the week after a tough couple of weeks previously, as we are approaching a significant uptrend line. Ultimately, I think that markets are trying to figure out what to do next, but certainly should see support underneath.

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  • Silver weekly chart, July 30, 2018

    Silver Weekly Price Forecast – Silver markets testing the major support

    Silver markets spent most of the week back and forth, but Saul a significant amount of bullish pressure on Friday to form the candle that you are looking at. At this point, it’s very likely that the $15.50 level continues offer major support, as we have seen more than once. I believe that support extends down to the $15 level.

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  • S & P 500 weekly chart, July 30, 2018

    S&P 500 Weekly Price Forecast – S&P 500 rallies for the week

    The S&P 500 has rallied significantly during the week, breaking above the neutral candle for the previous week. Now that we have cleared that level, the market could be aiming for the highs again. That being said, don’t expected to be a one-way trade, there will be pullbacks.

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  • consensus

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 28/07/18

    It’s been a slow start to the day, though the bulls will be looking for a weekend rally to bring resistance levels into play.

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  • Bitcoin – A Bounce Back, but $9,000?

    Bitcoin recovers through to $8,200 that continues to be a key level, with a break through to $8,500 needed to bring $9,000 into play

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  • U.S. Treasury Yields GDP

    Treasury Yields Drop Amid Concerns Trade Disputes Will Slow Economic Growth

    U.S. Treasury yields fell on Friday as investors questioned whether the high growth rates will be sustainable especially in light of historically low levels of unemployment. The drop in yields was in response to concerns that current GDP growth is unsustainable as lingering trade tensions are likely to be a drag on the economy in the second half of 2018.The major U.S. stock indexes finished lower across the board on Friday. Investors set aside the robust GDP report, choosing instead to focus on earnings. The U.S. Dollar fell against a basket of currencies on Friday, helped by the decline in U.S. Treasury yields.

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  • AUD/USD and NZD/USD

    AUD/USD and NZD/USD Fundamental Daily Forecast – Concerns Over Future U.S. Growth Lift Aussie, Kiwi

    The U.S. Dollar weakened against the Aussie and Kiwi, helped by the decline in U.S. Treasury yields, which made the greenback a less-desirable asset. The drop in yields was in response to concerns that current GDP growth is unsustainable as lingering trade tensions with China are likely to be a drag on the economy in the second half of 2018.

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  • AUD/USD

    AUD/USD Forex Technical Analysis – Closed on Strong Side of Short-Term Retracement Levels

    Based on last week’s price action and the close at .7402, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to .7398.

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