EURUSD & GBPUSD July-August 2015
□ Market: Forex (EURUSD, GBPUSD)
□ Forecast: The US Dollar remains strong
Forex Market Outlook
Despite the difficult political situation in the Eurozone, foreign exchange investors remain fairly calm. The ECB currently appears willing to support the Euro to ease the impact of the Greek political turmoil. This support is temporary, and we should not expect long-term interventions from the ECB against the main market trend.
On the other hand, the US economy is strong based on June’s fundamental data. US retail sales are rising, building permits are increasing faster, and the monthly trade deficit is shrinking (to -$40.88 billion). The US unemployment rate is 5.5%, slightly higher than the forecast of 5.4%.
Regarding the United Kingdom, the BoE expects inflation to rise toward the end of 2015. In June, interest rates in the US, EU, and UK remained unchanged. Given the current economic conditions, US interest rates are expected to rise in the second half of 2015.
EURUSD Technical Analysis
Here is the EURUSD technical analysis chart, showing key supply and demand levels for the currency pair.
■ EURUSD Supply Levels: 1.1280 | 1.1390 | 1.1475 | 1.1645 | 1.1855 | 1.2025 | 1.2345 | 1.2520
■ EURUSD Demand Levels: 1.1020 | 1.0775 | 1.0540 | 1.0475 | 1.0225 | 1.0000 | 0.9855 | 0.9630
GBPUSD Technical Analysis
Here is the GBPUSD technical analysis chart, showing key supply and demand levels.
■ GBPUSD Supply Levels: 1.5730-1.5760 | 1.5820 | 1.5900-1.5935 | 1.6140 | 1.6307 | 1.6530 | 1.6740 | 1.7015
■ GBPUSD Demand Levels: 1.550-1.5565 | 1.5490 | 1.5200 | 1.5030 | 1.4840 | 1.4700 | 1.4570 | 1.4225 | 1.4020
TradingCenter Indicator (TCI) on EURUSD and GBPUSD
The Trading Center Indicator (TCI) is a technical analysis tool developed by Giorgos Protonotarios for TradingCenter. 🔗 Link: » More About TCI
(A) TCI Indications regarding EURUSD
Table: TCI on EURUSD
Date
Close
High
Low
Volume
Change (%)
Volatility
TCI
2015.06.30
1.11375
1.12434
1.11115
298359
-0.87%
1.2%
0.45%
2015.07.01
1.10811
1.11704
1.10579
195212
-0.51%
1.0%
-1.60%
(+1 Trading Days)
-2.46%
(+2 Trading Days)
-1.16%
(+3 Trading Days)
-0.39%
(+4 Trading Days)
-0.46%
(+5 Trading Days)
-0.24%
(+6 Trading Days)
0.24%
(+7 Trading Days)
0.97%
(+8 Trading Days)
1.43%
(+9 Trading Days)
1.06%
(+10 Trading Days)
0.95%
(+11 Trading Days)
0.22%
(+12 Trading Days)
0.65%
(+13 Trading Days)
-0.36%
(+14 Trading Days)
-1.04%
(+15 Trading Days)
-0.17%
(+16 Trading Days)
0.34%
(+17 Trading Days)
-0.64%
(+18 Trading Days)
-0.53%
(+19 Trading Days)
-1.08%
(+20 Trading Days)
-0.56%
(B) TCI Indications regarding GBPUSD
Table: TCI on GBPUSD
Date
Close
High
Low
Volume
Change (%)
Volatility
TCI
2015.06.30
1.57072
1.57747
1.56917
298961
-0.17%
0.5%
2.05%
2015.07.01
1.56343
1.57336
1.56186
203326
-0.46%
0.7%
0.78%
(+1 Trading Days)
0.83%
(+2 Trading Days)
1.10%
(+3 Trading Days)
1.55%
(+4 Trading Days)
1.23%
(+5 Trading Days)
0.76%
(+6 Trading Days)
1.18%
(+7 Trading Days)
1.37%
(+8 Trading Days)
1.69%
(+9 Trading Days)
1.62%
(+10 Trading Days)
1.57%
(+11 Trading Days)
1.22%
(+12 Trading Days)
1.51%
(+13 Trading Days)
1.04%
(+14 Trading Days)
1.12%
(+15 Trading Days)
1.29%
EURUSD and GBPUSD Statistics
These are the monthly statistics for EURUSD and GBPUSD, based on 13.5 years of research by TradingCenter.
|
EURUSD |
AVERAGE EURUSD CHANGE |
TIMES (↑↓) |
AVERAGE DAILY VOLATILITY |
|
JUNE |
0.62% |
9↑ 5↓ |
0.880% |
|
JULY |
0.10% |
6↑ 8↓ |
0.815% |
|
AUGUST |
-0.34% |
8↑ 6↓ |
0.809% |
|
SEPTEMBER |
0.80% |
7↑ 6↓ |
0.908% |
🔗 Link: » More EURUSD Statistics Here
|
GBPUSD |
AVERAGE GBPUSD CHANGE |
TIMES (↑↓) |
AVERAGE DAILY VOLATILITY |
|
JUNE |
0.78% |
9↑ 5↓ |
0.796% |
|
JULY |
0.45% |
7↑ 7↓ |
0.722% |
|
AUGUST |
-0.86% |
5↑ 9↓ |
0.717% |
|
SEPTEMBER |
0.37% |
8↑ 5↓ |
0.782% |
🔗 Link: » GBPUSU Statistics
EURUSD, GBPUSD News
Press the slider below to see News and Updates for the EU, US, and UK.
■ ECB interest rate decision unchanged at 0.05% ■ EU Core Consumer Price Index (YoY) at +0.9% (previous +0.6%, forecast +0.7%) ■ FED interest rate decision unchanged at 0.25% ■ US Trade Balance at -40.88 billion USD (previous -51.37 billion USD) ■ US Retail Sales (MoM) at +1.2% (forecast 1.1%) ■ US Retail Sales excluding Autos (MoM) at +1.0% (forecast +0.7%) ■ US Initial Jobless Claims at 276,000 (forecast 278,000) ■ US Unemployment Rate at 5.5% (forecast 5.4%) ■ US Building Permits (MoM) at 1.27 million (above forecast 1.09 million) ■ US Michigan Consumer Sentiment Index at 94.6 (forecast 91.5) ■ British (BoE) Interest Rate Decision unchanged at 0.50% ■ British Core Consumer Price Index (YoY) at 0.9% (previous 0.8%) ■ The Bank of England expects inflation to rise toward the end of 2015 ■ British NIESR GDP Estimate (3 months) at +0.6% (previous +0.4%)
■ Free Forex Trading Signals: EURUSD, GBPUSD July-August 2015
George M. Protonotarios, Financial Analyst, » George at Linkedin
TradingCenter (2015)
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