Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Monday’s Technical Analysis on EUR/USD,GBP/USD,USD/JPY

ByFX77
Published 04/13/2016, 12:00 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
GS
-
BARC
-

The U.S. GDP in the first quarter will be released on April 28, which is the first GDP data after Fed raised the interest rate. The market generally expect that the slump in the growth is inevitable. The Atlanta Fed GDPNow model adjusted its forecast for U.S. real GDP growth in the first quarter to be 0.1 percent, down from 0.4 percent. Goldman Sachs (NYSE:GS) adjusted it to be 0.9% from 1.2%, Barclays (LON:BARC), 0.3% from 0.4% and the Bank of America-Merrill Lynch even to a negative number.
Considering the terrible expectation for the data, the market is weakening its expectation for an interest rate hike in June and they even expect no more interest rate hikes this year.
EUR/USD


As EUR/USD falls from a high level, we are mainly put options buyers during the daytime session.(HKT)
Support: 1.1341/1.1307 Resistance: 1.1340/1.1433
GBP/USD


Seen from the Chart H4, GBP/USD has room and momentum for a further rise so we are mainly call options buyers in the daytime session. However, seen from a shorter period, the bullish momentum is not strong so call options should be purchased with caution or you’d better stand by. (HKT)
Support: 1.4230/1.4202 Resistance: 1.4285/1.4325
USD/JPY


Seen from the Chart H1, USD/JPY still remains a good rally trend so we are mainly call options buyers during the daytime session before it first reaches the 108.90 resistance. (HKT)
Support: 108.25/107.80 Resistance: 108.90/109.32
[Tips]
All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.