www.varchev.com

The Forex market expectations in front of the US open

forex markets

Rating:

12345
Loading...

Following the strong momentum of last night when USD appreciated against all of its crosses, we are watching a retracement during the European session. For now, the short-term impulse remains rising and short positions are risky. However, we remain cautious about a Japanese candle signal that suggests reversing to position itself again for an expensive dollar. The correction touches key levels by waiting for the start of the US session and the first 15 to 30 minutes to be sure.

If the impulse continues, it may be that the impulse of last night was just for snatching and seeing a weak dollar. However, this scenario remains less likely.

The levels we see at EURUSD are current and slightly higher at 1.1535, GBPUSD 1.3040 and USDJPY 113.90.

The JPY shows strength as European indices are trading down, and moods before the start of the American session remain largely negative. The news of a likely $ 1.6 billion for Facebook and the likely placement of spy microchips in Apple's devices for now sharpen investors' attention to safe-heaven tools.


 Trader Nikolay Georgiev
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy