Forex Insight 04-June-2018

There are many benefits to trading FX such as a tremendous amount of liquidity with low transaction costs and margin requirements. The 24 hour nature of FX trading opens the door to a variety of strategies from day trading to position trading to range trading to trend trading.

The Great Britain Pound

  • British Pound gets an additional boost from stronger UK PMI print.

  • Technical buying to emerge on a sustained move above 1.34 handle.

  • The GBP/USD pair maintained its strong bid tone through the mid-European session, with bulls now eyeing a decisive move beyond the 1.3400 handle.

  • On a sustained move beyond the 1.3400 handle, the pair is likely to head towards testing its next hurdle near the 1.3465-70 region before aiming to reclaim the key 1.35 psychological mark.

  • Any retracement slide now seems to find immediate support near the 1.3345 area, below which the pair could drop back below the 1.3300 handle and head towards retesting its next support near mid-1.3200s.

The US Dollar

  • The US Dollar has started off the week by testing support from last week in a zone that runs from 93.63-93.75 on DXY

  • This has helped to provide a bump to most major currency pairs. Those bumps are rather uneven though, and we’re seeing fresh highs in pairs like AUD/USD and NZD/USD while pairs like EUR/USD and GBP/USD move-up to test lower-high resistance.

  • This week’s economic calendar is rather light, with the highlight being tonight’s RBA rate decision. More pressing, however, will likely be themes that aren’t on the economic calendar, and these have been key drivers in the past few weeks.

  • The topics of tariffs or trade wars remains as a key item for global markets, along with European political volatility.

The Euro

  • The US Dollar is dropping today as investors are trimming positions taken during yesterday's explosion of concerns regarding Italy.

  • A cooling of tensions in Italy - that a populist government wouldn't emerge - has given traders enough of a reason to reverse the Euro's losses for the week.

  • The US Dollar (via DXY Index) rally has stopped short of the highs established in November 2017, as a cooling of fears over Italy has generated a significant rebound in EUR/USD. With the Euro constituting 57.6% of the DXY, it is no surprise then that gains have been stunted even as other major pairs (USD/JPY) rally.

Come Out of your losses in Forex Market/Stock Market/Comex Market. Talk to our Experts. Give us a Missed Call @ (347)434 9044. Visit Us: or write us:

Featured Posts
Recent Posts
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Give us a missed Call @


Tel: 347-434-9044



 We want all our customer to play safe and earn best profit in this volatile Forex and Comex market, this is only possible with the extensive fundamental and technical analysis as our team does. With the help of expert guidance, we are looking for the prosperity of both the customer as well as the organization.


  • wordpress- EQUIDIOUS SIGNAL

© 2018 by Equidious Research. 

Equidious Reseach: Free Stock, Forex andComex Signals