Global macro overview for 25/07/2016
July 25, 2016 8:54 amVideo
Latest News
- Analysis of the trading week from July 24th to July 28th for the GBP/USD pair. COT Report. July 29, 2023
- Analysis of the trading week from July 24th to July 28th for the EUR/USD pair. COT Report. Softening of Christine Lagarde’s July 29, 2023
- Bitcoin retests sellers July 28, 2023
- USD/CHF: further growth possible July 28, 2023
- July 28, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective July 28, 2023
- July 28, 2023 : EUR/USD Intraday technical analysis and trading plan. July 28, 2023
- July 28, 2023 : GBP/USD Intraday technical analysis and significant key-levels. July 28, 2023
- USD/CHF: oversold signals above 0.8660 support July 28, 2023
- USD/JPY near 141.31 key resistance July 28, 2023
- BTC update for July 28,.2023 – Key resistance on the test July 28, 2023
- GBP/USD analysis for July 28, 2023 – Potential end of the upside swing nad further drop July 28, 2023
- Eurozone CPI & GDP data to test euro’s freefall – Forex News Preview July 28, 2023
- Analysis of Gold for July 27, 2023 – Potential for the further drop and end of the upside correction July 28, 2023
- META stock price remains inside bullish channel July 28, 2023
- Ichimoku cloud indicator analysis on Gold for July 28th, 2023. July 28, 2023
- Technical analysis on EURUSD for July 28th, 2023. July 28, 2023
- XRPUSD monthly analysis for July 2023. July 28, 2023
- GBP/USD: Analysis for the US session on July 28th (review of morning deals). Pound buyers are attempting to improve the situation July 28, 2023
- US premarket on July 28: US stock market recovering after yesterday’s sell-off July 28, 2023
- Technical Analysis – USDJPY slides but stays above uptrend line July 28, 2023
Global macro overview for 25/07/2016:
The Institute for Economic Research has released German Ifo Business Climate data regarding the sentiment towards German and wider Eurozone economic conditions. The Ifo indicator was released at the level of 108.3, exceeding the anticipated number of 107.7, but still lower than the previous value of 108.8. In conclusion, the business morale fell in July, suggesting that the German company managers have become less optimistic since Britain voted to leave the European Union. Nevertheless, the decrease is not so big, and the German economy still proves to be resilient towards various global headwinds.
Let’s take a look at the EUR/USD technical picture on the daily time frame. After the golden trend line had been broken out, the market felt below 55, 100 and 200 daily moving average and still trades below them. The bears are in control of this market and the next support is seen at 1.0910 level.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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