Trade65

http://trading.trade65.com/ The GBP/USD is recovering from lows, currently testing resistance at 1.7122. However, further recovery may be suppressed by the trend-line resistance stretching just above.

R1 - 1.7122 - tested
R2 - 1.7148
S1 - 1.7096

http://www.trade65.com/daily-market-review-july-02/ The activity in the US manufacturing sector declined slightly in June, with some improvement visible only in the number of new orders. The US dollar was on the back foot against its counterparts, declining for the fifth consecutive day. The data provided by the institute of supply and management revealed the corresponding measure of the manufacturing activity dropped to 55.3 in May, however stayed above the 50-line. Several components of the indicator showed mixed reading. For example, the new orders sub index rose to 58, 9 in May, reached levels not seen since December. At the same time, the production index fell to 60 from 61. In general, the report failed to produce solid reaction on the market, indicating most of the market participants are fairly comfortable staying on the sidelines in anticipation of the Friday’s Non-Farm Payroll report.

http://trading.trade65.com/ The number of people who filed for unemployment assistance in the U.S. last week fell broadly in line with market expectations, easing concerns over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 21 declined by 2,000 to a seasonally adjusted 312,000 from the previous week’s revised total of 314,000. A good sign for the USD, so stay on a lookout for opportunities for USD/CAD, USD/CHF and USD/JPY

http://trading.trade65.com/ silver : upper downtrend line tested

Silver is currently testing upper downtrend line which has been protecting the upside since the pair's inability to break above 21.16. Looking at the chart we can see the price of silver managed to pullback every time it touched the trend line. As a result, a put option may be considered if the trend-line continues to hold.

http://www.trade65.com/daily-market-review-june-23/ The volatility was low on the financial markets over the course of the last week, mainly because the economic calendar was light on events of key importance. Gold and silver were among the strongest performers as appetite for safe havens increased on the back of rising tensions between Russia and Ukraine. Ukraine proposed ceasefire agreement implying Ukrainian military would stay on defensive this week, but will continue strong offensive unless the militants in the Eastern regions fail to surrender to the pressure. As such, it appears the tensions are still high on the financial markets, with both Gold and Silver set to make new gains.

Among top-tier events due to be released this week, of uppermost importance are US Core Durable Gods orders and Final GDP reports Wednesday 1:30 pm London time and Prelim German CPI due Friday

http://www.trade65.com/daily-market-review-june-18/ Finally,the day has come. The latest Federal Open Market Committee (FOMC) meeting minutes will be released later today. Despite the downward revisions to growth seen for the first quarter, the Fed is unlikely to waver from its course of tapering by USD 10 bln per month when the two-day meeting concludes today.
All this gives the idea the Fed will give some hints today, probably pointing to the increase of interest rate earlier than expected. Such scenario could be a positive sign for the USD, with major crosses like USD/CHF, USD/CAD and USD/JPY gaining following the FOMC. Dollar rivals like EUR and GBP could appear under some pressure if the FOMC goes in line with the expectations.

In any case, the FOMC releases due 6:00 pm GMT later today should subject the market to significant volatility.
Don't miss the opportunity to trade the FOMC report !

http://www.trade65.com/daily-market-review-june-16/ - With the volatile week already behind, markets started the new week on a calm note with most of the indicators showing flat readings. Lots of tier-one events were released last week, with the biggest reactions seen after UK and Australian employment reports. The minutes from the last Federal Open Market Committee should shake the US dollar this week.

http://www.trade65.com/daily-market-review-june-09/ -Fairly uneventful day ahead, with most of the market participants taking a breather after heavy and busy week. With most of the currencies and commodities likely to remain within its tight ranges over the course of today's session we believe that sticking to the short -term (15-min, 30-min) charts is probably the best way to find the right entry-point.

http://trading.trade65.com/

Dear traders,

The European Central Bank will publish its interest rate decision today at 11:45 am GMT. The bank is widely expected to slash the key interest rate down to 0.10%, from the previous reading of 0.25%

If the ECB cuts the rate down to 0.10%, that could be a negative sign for the EUR with the EUR/USD pair possibly sustaining a huge fall after the announcement.

On the other hand, a rate remaining unchanged at 0.25% could be a slightly positive sign and keep the EUR/USD lifted.

What action will the European central bank take today ? Trade the ECB report as huge opportunities are ahead.

ECB Interest Rate Decision
Time of release :11:45 am GMT
Expectations : 0.10% ; Previous : 0.25%
Outlook : strongly negative for the EUR
Assets to trade the event : EUR/USD, EUR/GBP,EUR/JPY

http://www.trade65.com/daily-market-review-june-04/ Tensions get high on the capital markets ahead of key central bank meetings due tomorrow and US Non-Farm payroll report due Friday. Read the market review to get some trading insights for today

http://www.trade65.com/daily-market-review-may-28/ - Gold and Silver plunged yesterday, as investors returned to the safety of US dollar. Economic optimism pushed the dollar index, which measures the greenback's strength against a basket of key currencies, to a high of 80.470. The Greenback is likely to be on the rise today, as optimism still prevails.

http://www.trade65.com/daily-market-review-may-15/ Today, most of the market attention will be focused on the US Core CPI report which is due 12:30 pm GMT. Consumer prices are anticipated to have grown 1.0% in April, with the biggest changes expected to occur in the prices of food and Oil. Week CPI growth may add to the concerns about the health of US economy, which may greatly change the relatively hawkish rhetoric accompanying recent FOMC meetings. Will it interfere with the Fed's plan or will the central bank move forward ? In any case, the CPI report is the key event for today, and we firmly believe this event will move the market in one direction or another. One of the pairs impacted by the CPI to the greater extent is the USD/JPY. The pair has been in an uptrend beginning from February, and appears to be shrinking in range after hitting the lower uptrend line yesterday. Any surprise from the CPI may trigger fast movement in USD/JPY and thus generate a profitable signal.

US Core CPI
Time of Release :12:30 pm GMT
Expectations : 0.1% , Previous 0.2%
Outlook : negative for the USD
Assets to trade the event : USD/JPY, USD/CHF, USD/CAD