Markets update from Cecil Francis GBP/USD TECHNICAL ANALYSIS In H4 graph the 200days Bollinger band standing @ 1.7002. Parabolic in D1 graph @ 1.7060 very strong support Support 1.7100 1.7080 1.7035 1.6995 1.6960 Resistance 1.7140 1.7185 1.7210 1.7265 1.7280 Recommendation Market trend is Down trend EUR/USD TECHNICAL ANALYSIS In D1 graph the 200Days Bollinger band @ 1.3480 is very strong support . R3 is also @ 1.3478. Support 1.3550 1.3580 1.3600 1.3625 1.3665 Resistance 1.3500 1.3455 1.3400 1.3375 1.3350 Recommendation Market trend is Down side GOLD TECHNICAL ANALYSIS Gold is giving Fibonacci retracement @ 50% of 1308.98. Fractal is also standing up in H4 graph Support 1305.00 1300.00 1296.60 1293.00 1285.00 Resistance 1314.00 1318.00 1324.35 1331.50 1339.75 Recommendation Market trend is Down side CRUDE OIL TECHNICAL ANALYSIS Oil is trading up from the pivot point and the 1st R1 is @ 103.51. 200days Bollinger band @ 103.81 Support 103.35 102.90 102.40 101.90 101.55 Resistance 104.10 104.80 105.20 105.80 106.05 Recommendation Market trend is Up side Fundamental Analysis News: China Home Prices Fall in Record Cities Signals More Easing China’s new-home prices fell in a record number of cities tracked by the government as developers cut prices to boost sales volume, signaling curbs will be relaxed in more cities. Prices fell in 55 of the 70 cities last month from May, the National Bureau of Statistics said in a statement today, the most since January 2011 when the government changed the way it compiles the statistics. Prices in Shanghai and the southern city of Guangzhou fell 0.6 percent each from May, the biggest drop since January 2011, while they declined 0.4 percent in Shenzhen. Russian Media: A Malaysian Passenger Plane Crashed In East Ukraine Boeing 777 Malaysian airlines crashed in Ukraine near the Russian border, Interfax is reporting, citing a source in the aviation circles. Boeing Malaysian airlines operate flights to Amsterdam — Kuala Lumpur for 50 miles before entering the airspace of Russia, began to decline, he was subsequently found burning on the ground in Ukraine, the source said, adding that 280 passengers and 15 crew members were onboard. Today Economic Calendar Date 1:48pm Currency Impact Detail Actual Forecast Previous Graph FriJul 18 4:50am JPY Monetary Policy Meeting Minutes 1:00pm EUR Current Account 19.5B 24.3B 21.6B 3:30pm EUR German Buba President Weidmann Speaks 5:30pm CAD Core CPI m/m -0.1% 0.5% CAD Wholesale Sales m/m 0.7% 1.2% CAD CPI m/m 0.1% 0.5% 6:55pm USD Prelim UoM Consumer Sentiment 83.5 82.5 USD Prelim UoM Inflation Expectations 3.1% 7:00pm USD CB Leading Index m/m 0.6% 0.5%
Posted on: Fri, 18 Jul 2014 10:42:15 +0000
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