July 2017

August is a tough month for the Australian dollar
The minutes are counting down on July but the Australian dollar bulls wish it was a month that would last forever. The Aussie was the top performer in the month but the switch could soon be flipped.
The…

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S&P lost about 2-3 points and bounced right back
The US stock market can take the hits from the White House turmoil like a champion boxer.  
Looking at the S&P, it fell about 2-3 points on the news, but is back where it all started.
The po…

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Two trends collide
Cable was a bit of an underperformer in the US dollar rout in July but it’s still closing out the month at the highs and at the best levels in 11 months.
The post What the forex seasonals have to say about the cable breakout appeare…

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The greenback is weak ahead of the end of the month and the 200 SMA still provides the line in the sand in the index. The next target is placed at the 92.29 level, as the US Dollar Index is trying to consolidate below the support zone of 93.25. To the …

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The pair is rallying and showing that bulls remain stronger across the board, with a breakout above the key level of 1.3153, which opens the door to test the next resistance around 1.3257. To the downside, we’re expecting a support to be found in the 2…

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Highlights of the Fed’s senior loan officer survey
– Bank tightened standards on commercial real estate
– More broadly, banks reported leaving standards basically unchanged
The Boston Fed, in particular, has been warning on commercial real estate for m…

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NBC says Los Angeles and Paris have sorted it out
Earlier this month, the IOC said Los Angeles and Paris would get the 2024 and 2028 Olympics but told them to sort out amongst themselves who got which.

The post Hosts of the 2024 and 2028 Olympics decided – report appeared first on Forex news forex trade.

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USD/JPY slide fits the pattern
USD/JPY is lower in the final trading day of July and that’s fitting because seasonally it’s been a tough period for the pair. Over the past 10 years, July is the worst month for USD/JPY and that proved true this year it …

The post How seasonal trades fared in July appeared first on Forex news forex trade.

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