Forex News from New Forex

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Forex News from New Forex

Postby Anna Mon » Thu Sep 22, 2016 7:30 am

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Thursday, September 22, the pair EUR/USD continues upward movement. As we see on today’s 15-minute chart it trades within the support at 1.1180 and resistance at 1.1230.

During today's trading the US dollar falls against the Euro after the decision of the Federal reserve system to keep the interest rate to 0.50%.

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NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Thursday, September 22, the pair GBP/USD is moving in upward channel. As we see on today’s 15-minute chart it trades within the support at 1.3025 and resistance at 1.3085.

The pair began to rise after yesterday’s release of statistics from the UK. The data showed that the economy was not weakened after the UK decision to leave the EU.

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NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Thursday, September 22, the pair USD/JPY is trading in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 100.05 and resistance at 100.50.

Data about the American economy and disappointing decision of the Bank of Japan forms the movement of the pair USD/JPY to mark 100.

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NewForex Analyst

Luigi Campo

Forex News from New Forex: US oil reserves have declined

Data published yesterday by EIA about oil resources in the United States did not confirm the expectations. These data showed a decrease of 6.2 million barrels of oil from the previous month. While its growth by 3.2 million barrels of oil was expected.

The market participants attention is drawn to future meeting of the OPEC in Algiers in late September. This meeting will also have a big effect on the price of oil. OPEC members plan to revisit the restriction of oil production. At the previous meeting they were unable to make this decision because of the refusal of Saudi Arabia to sign an agreement without Iran’s participation.

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NewForex Analyst

Sara Rosenstein
Anna Mon
 
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