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Fxpromotion.net news digest

  • 8 years

    GBP/USD Daily Outlook I 19/02/2016

    GBP/USD Daily Outlook
    Daily Pivots: (S1) 1.4265; (P) 1.4329; (R1) 1.4402
    Intraday bias in GBP/USD remains neutral for the moment. We’re still favoring the case that rebound from 1.4079 is completed at 1.4667 already. Deeper fall is expected to retest 1.4079 first. Break will extend the larger fall towards 1.3503 low. In case...

  • 8 years

    EUR/USD Daily Outlook I 19-02-2016

    EUR/USD Daily Outlook
    Daily Pivots: (S1) 1.1067; (P) 1.1108 (R1) 1.1146
    Focus in EUR/USD remains on 1.1059 support. Break there will affirm the case that whole rebound from 1.0517 is completed after hitting 100% projection of 1.0517 to 1.1059 from 1.0809 at 1.1351. In that case, deeper fall should be seen to 1.0809 support...

  • 8 years

    EUR/USD: Edged off the 1.1106 low I Thu, Feb 18 2016, 07:06 GMT

    EUR/USD Daily
    Edged off the 1.1106 low but downside still not firm and break of the 1.1100 level will expose strong support at the 1.1087/60 area and 1.0985. Recent drop from the 1.1376 high seen corrective and higher low sought for renewed strength later. Need lift...

  • 8 years

    Crude Oil Supply Freeze Agreement a Suckers Bet Wed, Feb 17 2016, 05:04 GMT

    It appears as if recently Russia and Saudi Arabia have been taking lessons from Janet Yellen’s school of `Jaw Boning and Market Manipulation’. Clearly, as a part of the practical component of their course, yesterday’s recent announcement of a production...

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