Working With The Regulators

Posted on August 20, 2017 By

The LIBRA reached 1.5199 in Europe, with peaks observed in Asia in the 1.5483 area, several analysts believe that the pair will reach 1.5050 if the currency fails to keep this week. The EURO fell in sympathy with the book, register in the area minimum of 1.2475. Aggressive traders can buy euros, and can to touch the area of 1.2550. USD / JPY continues to linger between 97.00 and 99.00, and minimum recorded in the area of 97.02, highest recorded in the area of 98.09. USD / CHF rallied, with values that could not two years ago, at 1.1901, and increased profits await, if the gold advance, I understand, slow the rise in the greenback.

USD / CAD rose to 1.2100, with highs in the 1.2152 area, and tested the fibonacci defense, to me that the USD found support level, and looks more volatility in the short term. It is estimated that the USD will moderate their profits towards the end of the week, as U.S. data to be published will not be friendly. GBP / USD Resistance 3: 1.6320/30 Resistance 2: 1.6250 Resistance 1: 1.6100/10 New York: 1.5225 Support 1: 1.5200 Support 2: 1.5180 Support 3: 1.5150 The pair remained under pressure. The couple marked the level of support in the 1.5200 area, did not record minimum six years ago.–262––262––262–ca.html–262–ca.html desk. There was a technical evening trade. The resistance level remained at 1.6000.

Apparently the data go negative this week, so it may add pressure to the BCI, for the purpose of further reduce interest rates. Liquidity in the market was moderate. Aggressive traders can buy now, but expected volatility. Many traders took profits. Thursday, unpublished EURO / USD Resistance 3: 1.3200/10 Resistance 2: 1.3150 Resistance 1: 1.3030 New York: 1.2526 Support 1: 1.2480 Support 2: 1.2420/30 Support 3: 1.2400 Comments The pair fell when conditions were more rigid Russian agents were observed in operation. Minimums are maintained despite the pound marked new lows. Stops were placed at 1.2600. When the pair picked up the stops were in the 1.2950. The pair suffered the effect of the pound and vice versa, so it is believed that both will reach. The euro will continue to pound the short term. The pair came under pressure and it is advisable to buy. It is expected more volatility. Double action is awaited. Several traders took profits despite the uncertainty in the market. Thursday: All times EASTERN (-5 GMT) 2:00 a.m. EUR Preliminary GDP q / q 2:45 a.m. EUR German CPI m / m 4:00 a.m. French EUR ECB Monthly Bulletin foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.