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#AUDUSD dips below 0.7400 ahead of RBA Monetary Policy Statement 💸
The Aussie is being sold down ahead of the RBA’s Statement on Monetary Policy (which will be released at 11.30am AEST) where traders will be looking carefully at revisions to the annual inflation forecast, which analysts expect to be downwards to 1.75% (from 1.80%) for the September quarter. A no revision downwards decision will obviously be welcome news to Aussie bulls
Read the full wrap here: https://bit.ly/2nidjOt

#AUDUSD recovers from retaliatory announcement from China 🇨🇳
AUDUSD bulls took advantage of a dip in overnight trade which saw the Aussie recover quite nicely towards the end of NY trading session. However, analysts attributed the recovery to a temporary weakness in the USD rather than an overwhelming optimism in the Australian economy.
Read the full wrap here: https://bit.ly/2nidjOt

#AUDUSD lifted by #PBOC resolve to defend the #Yuan --IFM Trade Daily FOREX Wrap: 08 August 2018 -- The Aussie pierced through the 0.7400 resistance level yesterday, largely due to a sharp rebound in Chinese equities and reports emanating out of China that the PBOC would be taking an active approach to prevent its local currency falling below the 7.00 level against the #USD. ⬇️ Read the full wrap here: https://bit.ly/2nidjOt

📌Afternoon Wrap:
S&P 500 (US500) Price Forecast – S&P 500 challenging significant highs
The S&P 500 has been very volatile in the past 24 hours, especially in the early morning hours. The S&P 500 crossed the first resistance barrier and reaching a second resistance barrier. The question is, will it break again?
... The S&P 500 has been very volatile during trading on Monday, reaching towards the 2850 level. The S$P 500 breaks the 2850 level today and reaches 2852.13.
If we can break above the 2855 level, then the market seems that it will be free to go much higher. However, if we fail at here I think you can count on some type of pullback. That being the case, I believe that the market is one that will be very choppy and volatile, but if you wait for a break above the 2855 level, the market then goes to the 2875 level.
By Alla Darwish
Alla is IFM Trade’s Senior Broker & Account Manager. You can reach him Monday to Friday directly on +61 291 907 557 or via email on alla.d@ifmtrade.com
IFM Trade is a registered business name of Intelligent Financial Markets Pty Ltd (IFM Trade). IFM Trade (ACN 155 185 014) is regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 3426359. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial asset. IFM Trade is not a financial adviser and all services are provided on an execution only basis. IFM Trade is authorised to provide general advice only and information contained in this article is general information only. Any advice is general advice only. Neither your personal objections, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objections, financial situation and needs, before acting on the advice A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available at www.IFMTrade.com or can be obtained free of charge by calling IFM Trade on 1300 735 125 (+61 3 9021 0420). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s financial products or services. Warning: CFD trading both carry a high level of risk to your capital with the possibility of losing more than your initial investment. These products may not be suitable for all investors and are not available to individuals under the age of 18. Please ensure that you are fully aware of the risks involved and refer to our Risk Warning. If necessary, seek independent financial advice. The Customer Agreement and Execution Policy are available at www.IFMTrade.com and are important and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s products.
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#AUDUSD drifting lower on expected #RBA “hold” decision
IFM Trade Daily FOREX Wrap: 07 August 2018 Investors expect the RBA to hold interest rates steady at 1.5% for August in an announcement due out at 2.30pm (AEST) today. ⬇️... Read the full wrap here: https://bit.ly/2nidjOt
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IFM Trade Daily Wrap: 06 August 2018 🌏 #AUDUSD dips below 0.7400 after initial jump on #PBoC announcement ⬇️ The Aussie has dipped below the 0.7400 handle after a knee-jerk reaction that saw it move as high as 0.7411 when the PBoC announced a 20% reserve requirements for FX forwards, which effectively makes it more costly to short the Yuan. The move is seen as an effort to shore up the Yuan, which has been depreciating by more than 7% against the US dollar over the last few m...
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IFM Trade Daily Wrap: 03 August 2018 🌏 #NFP meeting will determine short term direction of the dollar ⬇️ Analysts expect headline non-farm payrolls (NFP) data release tonight at 10.30pm (AEST) to point to an increase in US jobs in July of around 190,000 jobs added in July, compared with June’s forecast-beating 213,000 print. The USD is likely to move in the positive direction, if the number announced tonight is significantly higher than the expected 190,000. However, if the ...numbers come in significantly lower than 190,000 then investors are likely to stay on the sidelines and the status quo will likely prevail.
Technically USDJPY bulls should expect the currency to meet resistance at 111.80, and surpassing that, it will see the next resistance at 112.25.
On the flipside, initial support for the USDJPY is seen at 111.25, and if it sees further weakness, the next support level is at 110.90.
By Jin Rin Yau
Jin is one of IFM Trade’s senior Account Managers and Market Expert. You can reach him Monday to Friday directly on +61 291 907 556 or via email on jinrin.y@ifmtrade.com
-- IFM Trade is a registered business name of Intelligent Financial Markets Pty Ltd (IFM Trade). IFM Trade (ACN 155 185 014) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 3426359. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial asset. IFM Trade is not a financial adviser and all services are provided on an execution only basis. IFM Trade is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. IFM Trade recommends that you seek independent personal financial advice. A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available at www.IFMTrade.com or can be obtained free of charge by calling IFM Trade on 1300 735 125 (+61 3 9021 0420). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s financial products or services. Warning: CFD trading both carry a high level of risk to your capital with the possibility of losing more than your initial investment. These products may not be suitable for all investors and are not available to individuals under the age of 18. Please ensure that you are fully aware of the risks involved and refer to our Risk Warning. If necessary, seek independent financial advice. The Customer Agreement and Execution Policy are available at www.IFMTrade.com and are important and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s products.
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📌Afternoon Wrap:
GBP/USD Price Forecast – British pound bounces from major number on Wednesday
The British pound pulled back a bit during the trading session on Wednesday, testing the 1.31 handle. We bounced from there, but it looks like we are still going to see a significant amount of resistance above. Going into today, most of the focus will be on the Bank of England and not what it does as much as what it says.
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IFM Trade Daily Wrap: 02 August 2018 🌏 #FOMC meeting will determine short-term direction of the dollar ⬇️ Analysts do not expect the Fed to make any changes to US monetary policy at this FOMC meeting which concludes tonight. Despite that no interest rate rise is expected, this meeting could still cause a reaction in the dollar as traders will watch for any subtle change in the language that will indicate any departure from the status quo.
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📌Afternoon Wrap: EUR/USD Forex Technical Analysis – Rangebound While Straddling Pivot at 1.1680
Based on Tuesday’s close and the early trade on Wednesday, the direction of the EUR/USD today is likely to be determined by trader reaction to the major 50% level at 1.1680. Basically, we’re going to be rangebound until buyers can take out 1.1751 or sellers can break through 1.1621.
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📌Afternoon Wrap:
NZD/USD Forex Technical Analysis – Move Over .6833 Could Fuel Rally into .6851
Based on the early price action, the direction of the NZD/USD today is likely to be determined by trader reaction to the Fib level at .6833 and the 50% level at .6805. The main range is .6922 to .6688. Its retracement zone at .6805 to .6833 is currently being tested. This zone is controlling the longer-term direction of the Forex pair.
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IFM Trade Daily Wrap: 31 July 2018 🌏 USDJPY seen weakening with the hope of BoJ policy shift ⬇️ The Yen is seen to be strengthening as investors expect that there will be a BoJ policy shift away from further easing. Any announcement to that effect is slated to be made at the conclusion of the BoJ policy meeting today (31 July 2018).
... However, some analysts expect the BoJ to assume the status quo, which will probably see the USDJPY continuing on it shorter term strengthening.
Technically, initial support for the USDJPY is seen at 110.55, and if it sees further weakness, the next support level is at 110.20.
On the flipside, USDJPY bulls should expect the currency to meet resistance at 111.50, and surpassing that, it will see the next resistance at 111.85.
By Jin Rin Yau Jin is one of IFM Trade’s senior Account Managers and Market Expert. You can reach him Monday to Friday directly on +61 291 907 556 or via email on jinrin.y@ifmtrade.com IFM Trade is a registered business name of Intelligent Financial Markets Pty Ltd (IFM Trade). IFM Trade (ACN 155 185 014) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 3426359. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial asset. IFM Trade is not a financial adviser and all services are provided on an execution only basis. IFM Trade is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. IFM Trade recommends that you seek independent personal financial advice. A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available at www.IFMTrade.com or can be obtained free of charge by calling IFM Trade on 1300 735 125 (+61 3 9021 0420). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s financial products or services. Warning: CFD trading both carry a high level of risk to your capital with the possibility of losing more than your initial investment. These products may not be suitable for all investors and are not available to individuals under the age of 18. Please ensure that you are fully aware of the risks involved and refer to our Risk Warning. If necessary, seek independent financial advice. The Customer Agreement and Execution Policy are available at www.IFMTrade.com and are important and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s products.
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📌Afternoon Wrap: GBP/USD Weekly Price Forecast – British pound continues to tread water
The British pound continues to hover just above the vital 1.30 level on the longer-term charts, as we are most certainly stuck in a consolidation area. Beyond that, August tends to be a relatively stable month in the Forex world, so I think we will continue to see more of the same. However, the Brexit can change anything at the drop of a hat.
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IFM Trade Daily Wrap: 30 July 2018 🌏 AUDUSD holding above 0.7400 despite strong US GDP figures ⬇️ The AUDUSD is holding on to the 0.7400 level even when data coming out of the US indicated that its economy is likely to be strong going into the second half of the year. The US Commerce Department reported last Friday that gross domestic product (GDP), the total value of goods and services produced in the country, increased at an annual pace of 4.1%, the highest since 2014. Anal...
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IFM Trade Daily Wrap: 27 July 2018 🌏 GBPUSD falls as chief EU negotiator rejects UK’s key post Brexit proposal ⬇️ The cable dropped to as low as 1.3102 from yesterday’s high of 1.3213 as the EU chief negotiator, Michel Barnier flatly rejected the UK’s proposal to collect tariffs on behalf of the EU at the UK border. Analysts further downgraded the UK’s chance of ever achieving a post-Brexit deal as this proposal is seen as one of the pillars in Prime Minister Theresa May’s ...vision of a workable Customs Union.
Technically, if GBPUSD breaches the support level of 1.3090, further weakness will bring it to its next support level at 1.3050, and then the psychological 1.3000 level thereafter.
On the upside, if GBPUSD is able to shrug off the pessimism it may meet resistance 1.3145, and if it manages to overcome this, the next hurdles will be at the 1.3195 and 1.3290 levels.
By Jin Rin Yau Jin is one of IFM Trade’s senior Account Managers and Market Expert. You can reach him Monday to Friday directly on +61 291 907 556 or via email on jinrin.y@ifmtrade.com
IFM Trade is a registered business name of Intelligent Financial Markets Pty Ltd (IFM Trade). IFM Trade (ACN 155 185 014) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 3426359. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial asset. IFM Trade is not a financial adviser and all services are provided on an execution only basis. IFM Trade is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. IFM Trade recommends that you seek independent personal financial advice. A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available at www.IFMTrade.com or can be obtained free of charge by calling IFM Trade on 1300 735 125 (+61 3 9021 0420). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s financial products or services. Warning: CFD trading both carry a high level of risk to your capital with the possibility of losing more than your initial investment. These products may not be suitable for all investors and are not available to individuals under the age of 18. Please ensure that you are fully aware of the risks involved and refer to our Risk Warning. If necessary, seek independent financial advice. The Customer Agreement and Execution Policy are available at www.IFMTrade.com and are important and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s products.
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IFM Trade Daily Wrap: 26 July 2018 🌏 GBPUSD rises on #Trump’s positive comments on trade ⬇️ Encouraging comments by POTUS and EU Commissioner Junker with regards to trade barriers helped rocket the GBPUSD pair to 1.3200 late Wednesday. Cable’s advance started earlier in the day with better than expected UK CBI Realised Sales survey results (sales up 20% vs 15% for July).
... Analysts commented that further GBPUSD strength (if any) will probably be lead by USD weakness, as the UK government is still struggling with Brexit issues.
Technically, on the upside, GBPUSD is still attempting to pierce through 1.3200 convincingly, and if it manages to do so, the next hurdles will be at the 1.3250 and 1.3295 levels. On the flipside, if GBPUSD breaches the support level of 1.3130, further weakness will bring it to its next support level at 1.3090 and another at 1.3050.
By Jin Rin Yau Jin is one of IFM Trade’s senior Account Managers and Market Expert. You can reach him Monday to Friday directly on +61 291 907 556 or via email on jinrin.y@ifmtrade.com IFM Trade is a registered business name of Intelligent Financial Markets Pty Ltd (IFM Trade). IFM Trade (ACN 155 185 014) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 3426359. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial asset. IFM Trade is not a financial adviser and all services are provided on an execution only basis. IFM Trade is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. IFM Trade recommends that you seek independent personal financial advice. A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available at www.IFMTrade.com or can be obtained free of charge by calling IFM Trade on 1300 735 125 (+61 3 9021 0420). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of IFM Trade’s financial products or services. Warning: CFD trading both carry a high level of risk to your capital with the possibility of losing more than your initial investment. These products may not be suitable for all investors and are not
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📌Afternoon Wrap:
EUR/USD Price Forecast – Euro rallies during Tuesday session
The Euro rally during the Tuesday session after initially dipping down to the 1.1716 level. The rally was impressive, but as I record this it looks as if we are starting to see an abatement of that bullish pressure. I believe that the market is going to continue to be very volatile, and the longer-term charts suggest that perhaps we have more consolidation ahead of us.
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