EURUSD, GBPUSD July-August 2015
□ Market: Forex (EURUSD, GBPUSD)
□ Forecast: The US Dollar remains strong
Forex Market Outlook
Despite the tricky political conditions in Eurozone, investors in the Foreign Exchange market remain relatively calm. ECB currently seems willing to support the Euro in order to absorb the reverberations of the Greek Political turmoil. This is a temporary action and we shouldn’t expect long-lasting interventions from ECB against the main market momentum. From the other hand, the US economy is strong based on June's fundamental updates. US retail sales are growing, the number of building permits is growing faster and the monthly deficit of the Trade Balance is shrinking (-$40.88 billion). The US unemployment rate at 5.5%, a little bit higher than forecasted (5.4%). As concerns the United Kingdom, BoE anticipates inflation is going to pick up towards the end of the year 2015. During June, the interest rate decisions in the US, EU, and the UK remained unchanged. According to the current fundamental environment, the US interest rates are expected higher in the second semester of 2015.
EURUSD Technical Analysis
Technical analysis chart and important supply and demand levels for EURUSD.
■ 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
Technical analysis chart and important supply and demand levels for GBPUSD.
■ 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 TradingCenter. ►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
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% |
|
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% |
EURUSD, GBPUSD News
Press the below slider to reveal News and Updates regarding EU, US and UK.
■ ECB Interest Rate Decision unchanged at 0.05% ■ EU Consumer Price Index - Core (YoY) at +0.9% (previous +0.6%, forecast +0.7%) ■ FEDs 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% (1.1% forecast) ■ US Retail Sales ex Autos (MoM) at +1.0% (+0.7% forecast) ■ 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 mi, lions, (above forecast 1.09 millions) ■ US Michigan Consumer Sentiment Index at 94.60% (forecast 91.50%) ■ 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 anticipates inflation to pick up towards the end of the year 2015 ■ British NIESR GDP Estimate (3M) 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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