• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Market News by FXB Trading



Data on demand for durable goods are due at 14:30 (GMT+2). The indicator is expected to grow to 1.0% in August from -6.8% a month earlier. The index demonstrates changes in the prices for durable goods including vehicles that have been in use for over 3 years. The growth of demand is a positive signal for the economy. The fall of demand indicates slower rate of economic growth. High values strengthen USD.
 
d648c1c92011d85e56b012703088d240.png


The data on German retail sales are due at 08:00 (GMT+2). The indicator is expected to grow to 0.5% in August from -1.2% a month earlier. On year-on-year basis, the indicator is expected to grow to 3.2% in August from 2.7% a month earlier. The indicator shows changes in the volumes of sales in retail trade. The growth of the indicator is a positive factor for the national economy and strengthens EUR.
Register and get the in-depth insight into the latest news in market and investment trends. Daily News, Economic Calendar, Technical Analysis, Fundamental Analysis, Forex Market review all offered FREE.
 
EUR/USD: growth may continue

On Thursday the pair moved up from the level of 1.1720 (main Murrey support level [0/8]) and is currently driven towards 1.1840 (Murrey level [1/8]).

0f3d31927727292521c038661e6d20e2.png


Register and get the in-depth insight into the latest news in market and investment trends. Daily News, Economic Calendar, Technical Analysis, Fundamental Analysis, Forex Market review all offered FREE.
 
USCrude
WTI Crude Oil: general analysis


Since the beginning of the week the WTI crude oil price has been falling, and now the instrument is trading around key psychological level of 50$ per barrel. Yesterday the EIA Crude Oil Stocks change report was published, which reflected the decrease of the recourses by 6.023 million barrel. On the other hand, the recourses of Cushing, Oklahoma, which is the largest oil market influence center in the USA, grew from 60.9 to 62.5 million barrel. In addition, the oil production in the USA grew to 9.561 million barrel per day in a week, and the total volume of oil and petroleum products export grew by more than 1 million to the record level of 7.02 million barrel per day.



0f3d31927727292521c038661e6d20e2.png
 
EUR/JPY: Ichimoku clouds


Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (131.90). The closest resistance level is Tenkan-sen line (132.30).




0f3d31927727292521c038661e6d20e2.png
 
Top