OIL SLUMPS   Oil turned sharply lower Friday as concerns of a supply glut weighed in the wake of higher U.S. output. U.S. crude was off

Crude oil Prices Closed higher Monday July 24

Crude oil  | Data | Chart | Calendar | Forecast | News

COMMODITY INVESTORS


source: tradingeconomics.com
oil Prices Closed higher Crude Oil increased 0.82 USD/BBL or 1.80% to 46.58 on Monday July 24 from 45.66 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.



oil Prices Closed higher 

Crude oil

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
46.58 45.60 145.31 1.17 1946 – 2017 USD/BBL Daily

 

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



Silver Support levels broken, looking to 19.20

Silver Price Closed Lower Monday July 24

Silver  | Data | Chart | Calendar | Forecast | News

COMMODITY INVESTORS


source: tradingeconomics.com
Silver Price Closed Lower Silver decreased 0.01 USD/t. oz or 0.09% to 16.47 on Monday July 24 from 16.47 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.



 

Silver Price Closed Lower

Silver

Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
16.47 16.47 49.45 3.55 1975 – 2017 USD/t. oz Daily

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



Buz Investors EURUSD Marginally Higher A very light economic calendar and some easing political concerns are resulting in a modest gain in EUR/USD in today’s trading. The pair is currently at 1.0619, up 0.10% over Friday’s close.

Euro Dollar Exchange Closed Down Monday July 24

Euro Dollar Exchange Rate  | Data | Chart | Calendar

CURRENCY INVESTORS

Euro Dollar Exchange Closed  The EURUSD decreased 0.0038 or 0.32% to 1.1642 on Monday July 24 from 1.1679 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.

As the single currency has retreated after marginal rise to 1.1684, suggesting consolidation below this level would be seen and pullback to support at 1.1617 is likely, however, reckon previous resistance at 1.1583 would turn into support and contain downside, bring another rise later, above said resistance at 1.1684 would extend recent upmove to previous chart resistance at 1.1714 but break there is needed to retain bullishness for the rise from 1.0340 low to head towards 1.1750.

In view of this, we are looking to buy euro on further pullback as previous resistance at 1.1583 should limit downside. Below 1.1550 would defer and suggest a temporary top is formed instead, bring correction to 1.1510-15 but support at 1.1479 should remain intact.



Euro Dollar Exchange Closed

FOREX INVESTORS BUZZ CURRENCY TRADERS

THE pound brushed off a gloomy forecast from the International Monetary Fund (IMF) for Britain’s growth to rise against both the euro and the dollar on Monday morning.

Sterling jumped by 0.3 per cent against the euro to 1.117 and around 0.2 per cent against the dollar to 1.301.

The bounceback comes after the IMF said it now expects the UK economy to grow by 1.7 per cent in 2017, down from a previous prediction of two per cent.

The fund’s economy forecasts for next year remain at 1.5 per cent.

Britain’s top stock index the FTSE 100 fell around 0.6 per cent amid the downgrade.

In response to the forecast, the Government underlined Britain’s strong economy, as employment remains high while unemployment continues to fall.

The IMF downgraded the UK economy following the Brexit vote last year, but was later forced to revise the forecast higher after Britain defied its doom-monger expectations.

Euro Dollar Exchange Rate – EUR/USD

The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides the latest reported value for – Euro Dollar Exchange Rate – EUR/USD – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Dollar Exchange Rate – EUR/USD – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.16 1.17 1.87 0.70 1957 – 2017 Daily

 

 

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

British Pound Closed Higher Monday July 24

British Pound   | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS

British Pound Closed The GBPUSD increased 0.0025 or 0.19% to 1.3028 on Monday July 24 from 1.3003 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

Cable found support at 1.2959 on Friday and has rebounded again, suggesting the recovery from 1.2933 may bring further gain to resistance at 1.3062, however, if our view that top has been formed at 1.3126 is correct, upside would be limited to 1.3100 and bring another decline later, below 1.2985-90 would signal an intra-day top is formed but break of 1.2950-55 is needed to signal the rebound from 1.2933 has ended, bring weakness to 1.2932-33 (61.8% Fibonacci retracement of 1.2812-1.3126 and said support), break there would extend the fall from 1.3126 top to previous support at 1.2912.

In view of this, we are looking to sell cable on further recovery as 1.3100-10 should limit upside. A firm break above 1.3100 would abort and suggest the fall from 1.3127 has ended instead, bring retest of this level but only break there would shift risk back to upside for further gain to 1.3150-60.



British Pound Closed

FOREX INVESTORS BUZZ CURRENCY TRADERS 

Pound Stelring starts the week on a strong note having rebounded from the lows reached in the sell-off seen over previous sessions.

The currency was oversold against the likes of the Euro and it is too soon to suggest the recovery has any fundamental legs.

There is therefore the prospect that the move higher could offer another fresh opportunities for speculators to step in and enter fresh bets against the Pound to profit on the next leg lower.

It’s “time to sell GBP” says Athanasios Vamvakidis, a foreign exchange strategist with Bank of America Merrill Lynch Global Research in a note to clients released ahead of the new week.

The call by Vamvakidis comes as momentum against Sterling appears to be growing once more; the UK currency recently declined to fresh eight-month lows against the Euro with GBP/EUR falling to 1.1122 in the wake of the European Central Bank’s July policy briefing.

 

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 2.86 1.05 1957 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports

Japanese Yen Closed Higher Monday July 24

Japanese Yen | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS

Japanese Yen Closed

Japanese Yen Closed The USDJPY increased 0.1800 or 0.16% to 111.1150 on Monday July 24 from 110.9350 in the previous trading session. Historically, the Japanese Yen reached an all time high of 306.84 in December of 1975 and a record low of 75.74 in October of 2011.

As the greenback has recovered after falling to 110.62, suggesting consolidation above this level would be seen, however, reckon upside would be limited to previous support at 111.48 (now resistance) and bring another decline, below said support at 110.62 would signal the selloff from 114.50 top is still in progress and extend to 110.60 (61.8% projection of 114.50-111.55 measuring from 112.42), then 110.30-35 but loss of downward momentum should prevent sharp fall below latter level and reckon 110.00-05 would hold from here, bring rebound later.

In view of this, would not chase this fall here and would be prudent to sell dollar on further recovery. Above previous support at 111.48-55 would defer and suggest a temporary low is formed, bring retracement of recent decline to 111.75-80, then towards resistance at 112.08.



Japanese Yen Closed

FOREX INVESTORS BUZZ CURRENCY TRADERS 

The Bank of Japan on July 20, 2017 kept its benchmark interest rate steady at -0.1%, while cutting its inflation forecast for the fiscal year-ended March 2018 and March 2019. The Bank of Japan’s decision led to a decline in the yen.

Moreover, it kept its stimulus package intact, with no changes in its policy of injecting trillions of yen each year into the economy through government bond purchases.

The primary banking authority of Japan expects inflation to slow to 1.1% in the current fiscal year compared with its earlier forecast of 1.4% and to 1.5% in the next fiscal year compared with its earlier forecast of 1.7%.

Core inflation in Japan (excluding food) grew 0.4% year over year in May 2017 compared with 0.3% in April. This was the fastest rise in more than two years, but it still remains far from the Bank of Japan’s 2% target rate.

Japanese Yen

The USDJPY spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the JPY. While the USDJPY spot exchange rate is quoted and exchanged in the same day, the USDJPY forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Japanese Yen – actual values, historical data, forecast, chart, statistics, economic calendar and news. Japanese Yen – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
111.12 111.13 306.84 75.74 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



USDCHF Clawing Back Following Monday’s Break

Swiss Franc Closed Down Monday July 24

Swiss Franc  | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS

Swiss Franc Closed The USDCHF decreased 0.0008 or 0.08% to 0.9447 on Monday July 24 from 0.9455 in the previous trading session. Historically, the Swiss Franc reached an all time high of 3.88 in April of 1972 and a record low of 0.72 in August of 2011.

he greenback has recovered after falling to 0.9438 on Friday suggesting consolidation above this level would be seen and corrective bounce to 0.9500 and then 0.9520-25 cannot be ruled out, however, reckon the upper Kumo (now at 0.9558) would limit upside and bring another decline later, below said support at 0.9438 would extend recent decline to 0.9405-10 but loss of momentum should limit downside to 0.9375-80, price should stay above 0.9350, risk from there is seen for a rebound later.

In view of this, we are looking to sell dollar on recovery as 0.9550-55 should limit upside and bring another decline. Above 0.9580-85 would suggest a temporary low is formed instead, bring a stronger rebound towards resistance at 0.9622 which is likely to hold from here.



Swiss Franc Closed

FOREX INVESTORS BUZZ CURRENCY TRADERS 

Swiss Franc

The USDCHF spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CHF. While the USDCHF spot exchange rate is quoted and exchanged in the same day, the USDCHF forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Swiss Franc – actual values, historical data, forecast, chart, statistics, economic calendar and news. Swiss Franc – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
0.94 0.95 3.88 0.72 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



USDCAD Trump Shock Pushes Canadian Dollar Down

Canadian Dollar Closed Down Monday July 24

Canadian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS

Canadian Dollar Closed  The USDCAD decreased 0.0037 or 0.30% to 1.2500 on Monday July 24 from 1.2537 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

The greenback has fallen again after brief recovery, reinforcing our view that recent downtrend is still in progress, we took the count that wave v as well as wave (C) ended at 1.3794 and impulsive wave (i ii, i ii) is now unfolding with minor wave iii still in progress, hence bearishness remains for this fall to extend weakness to 1.2490-00, however, oversold condition should prevent sharp fall below 1.2440-50 and reckon 1.2400 would hold, risk from there is seen for a rebound later.

In view of this, would not chase this fall here and would be prudent to sell the pair again on recovery as 1.2690-95 should limit upside. Above 1.2745-50 would defer and risk a stronger rebound to 1.2800-10 but only break of latter level would signal a temporary low is formed instead, bring retracement of recent decline to 1.2850, then 1.2900, however, price should falter below 1.3000 and the greenback shall head south again from there.

 



Canadian Dollar Closed

FOREX INVESTORS BUZ CURRENCY TRADERS

The Canadian dollar climbed above 80 cents US on Monday morning for the first time since the summer of 2015.

The loonie was at 79.97 cents US when North American stock markets closed on Monday, pushed by strong data on manufacturing sales and a glowing assessment of the country’s economic outlook by the International Monetary Fund.

Since bottoming out at the start of May, the dollar has gained nearly 10 per cent through June and July, buoyed by a series of strong data points about the Canadian economy, including a strong job market, booming retail sales and factories ramping up production

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.25 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



AUDUSD flirting with 2-month lows

Australian Dollar Closed Higher Monday July 24

Australian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS

Australian Dollar Closed  The AUDUSD increased 0.0003 or 0.03% to 0.7928 on Monday July 24 from 0.7925 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

Although aussie has rebounded after finding support at 0.7875 late last week, break of recent high at 0.7990 is needed to confirm recent upmove has resumed and extend gain to 0.8040-50 but loss of upward momentum should prevent sharp move beyond 0.8080 and reckon 0.8100 would hold from here, risk from there is seen for a retreat later. We are keeping our latest bullish count that recent impulsive waves is unfolding as (1 2, (i)(ii), i ii) and may extend headway to aforesaid upside target.

In view of this, would not chase this rise here and we are looking to buy aussie on subsequent pullback as 0.7800 should limit downside, bring another upmove later. Below support at 0.7786 would defer and suggest wave iii top is formed, bring correction in wave iv to 0.7750 but wave i top at 0.7712 should remain intact.



Australian Dollar Closed

FOREX INVESTORS BUZZ CURRENCY TRADERS 

The currency had rallied 5 per cent over the past two weeks, with gains accelerating after optimistic sounding RBA minutes, which surprised markets last Tuesday with a discussion of the appropriate “neutral” cash rate.

It shot up to a two-year high of US79.89¢ before deputy governor Guy Debelle on Friday spoiled the party by hosing down expectations of a nearing rate rise, saying the central bank did not intend to signal anything by discussing the neutral rate.

“Debelle burst the Aussie dollar bulls’ balloon, leaning heavy against the markets inference of the neutral nominal rate comment in an attempt to jawbone the currency lower,” OANDA trader Stephen Innes said.

 

Australian Dollar

The AUDUSD spot exchange rate specifies how much one currency, the AUD, is currently worth in terms of the other, the USD. While the AUDUSD spot exchange rate is quoted and exchanged in the same day, the AUDUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Australian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



EURO STOXX 50 Stock The EURO STOXX 50 is a major stock market index which tracks the performance of 50 Blue-chip companies based in twelve Euro Area

EURO STOXX 50 Rose Midday Monday July 24

EURO STOXX 50 Stock Market Index | Data | Chart | Calendar


source: tradingeconomics.com

STOCK INVESTORS

STOXX 50 Rose Midday Euro Stoxx 50 increased 6 points or 0.16% to 3456 on Monday July 24 from 3452 in the previous trading session. Historically, the EURO STOXX 50 Stock Market Index reached an all time high of 4557.57 in July of 2007 and a record low of 1809.98 in March of 2009.



STOXX 50 Rose Midday

EURO STOXX 50 Stock Market Index

The EURO STOXX 50 is a major stock market index which tracks the performance of 50 Blue-chip companies based in twelve Euro Area countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. This page provides – Euro Area Stock Market (Euro STOXX 50) – actual values, historical data, forecast, chart, statistics, economic calendar and news. EURO STOXX 50 Stock Market Index – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
3456.35 3451.71 4557.57 1809.98 2003 – 2017 points Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)