Daily Market news by Hiwayfx

Discussion in 'Forex' started by hiwayfx, Jul 24, 2015.

  1. hiwayfx

    hiwayfx

    EUR / USD
    The EUR declined 0.13% against the USD and closed at 1.0985.
    EUR/USD rose sharply to remain on track for a positive week, as the potential for a Grexit from the euro became even more remote on Thursday after a critical Greek vote passed in Parliament during a late-night session.
    The pair is expected to find support at 1.0929 and a fall through could take it to the next support level 1.0875.
    The pair is expected to find its first resistance at 1.1028, and a rise through could take it to the next resistance level of 1.1073 .

    GBP / USD
    The GBP declined 0.02% against the USD and closed at 1.5514 .The pound edged lower against the U.S. dollar on Thursday, after the release of downbeat U.K. retail sales data, although hopes for a rate hike by the Bank of England later in the year continued to support.
    The pair is expected to find support at 1.5451 and a fall through could take it to the next support level of 1.5387.
    The pair is expected to find its first resistance at 1.5626 and a rise through could take it to the next resistance level of 1.5737.


    AUD / USD
    The AUD Decline 0.77% against the USD and closed at 0.7355 .The Australian dollar slumped on Friday in Asia as a flash survey of China manufacturing in July showed a fall below expectations and previous levels, pointing to lower demand for key exports such as iron ore.
    The pair is expected to find support at 0.7328 .and a fall through could take it to the next support level of 0.7299.
    The pair is expected to find its first resistance at 0.7404, and a rise through could take it to the next resistance level of 0.7451.


    USD / JPY
    The USD decline 0.01% against the JPY and closed at 123.92.
    The U.S. dollar edged higher against the yen on Thursday, boosted by data showing that U.S. jobless claims fell to the lowest level since November 1973 last week and as progress on the Greek debt front weighed on demand for the safe-haven yen.
    The pair is expected to find support at 123.64, and a fall through could take it to the next support level of 123.37.
    The pair is expected to find its first resistance at 124.19, and a rise through could take it to the next resistance level of 124.47.


    XAU / USD
    Gold Decline 1.07% against the USD at 1,094.10 .
    Gold prices fell hard in Asia on Friday as investors see a slowdown in China manufacturing as ensuring continued easy policy by one of the world's top yellow metal buyers and as continued to assess the scope for a Federal Reserve rate hike in September and geopolitical tension appears eased for now.
    The pair is expected to find support at 1088.66, and a fall through could take it to the next support level of 1083.33.
    The pair is expected to find its first resistance at 1098.46, and a rise through could take it to the next resistance level of 1102.93.