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  1. #531
    Senior Investor Andrea ForexMart's Avatar
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    USD/JPY Fundamental Analysis: April 25, 2017

    The USD/JPY pair had a very volatile trading session last Monday although it managed to finish the session on a much higher note as investors reacted to the first round of the French national elections. However, the currency pair dropped slightly, an indication that investors were pretty much sure of the election results and were now moving towards other geopolitical events such as the North Korean issues and an impending shutdown in the US economy. The JPY could possibly resume its rally if concerns over geopolitical issues would increase over time. Meanwhile, the USD was also unable to stabilize itself due to a drop in Treasury yields and a very dismal US economic data.

    As of the moment, the results of the French elections are showing that Macron could easily eclipse Le Pen in the second round of the elections, which is scheduled on May 7. The USD/JPY pair is not expected to make a significant reaction to the election unless Le Pen would be able to surpass Macron’s current lead in the elections. On the other hand, a looming government shutdown is expected from the US economy could possibly happen once the shutdown deadline of April 28 would fail to see the government passing enough legislations to ensure that certain branches of the government would not have to cease operating. Although the economy itself still has some back up funds which could ensure the economic stability of the country for several more months, this is not a good sign for the economy and investors are expected to act in accordance to this particular occurrence. Once this happens, then investors could possibly move towards safer assets such as the Japanese yen.
    But the main focus of USD/JPY investors for this week are the events in North Korea, with the demand for safer assets expected to stay in place due to tensions created by the North Korean missile and nuclear program.

    Andrea ForexMart, Official Representative


  2. #532
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    EUR/USD Technical Analysis: April 26, 2017

    On Tuesday, the Euro bulls were able to win back the driverís seat following a neutral position in the night.

    The major were removed from the region 1.0850 during the morning trades of Europe as it moved and rallied near its fresh peaks found at 1.0900 mark.

    The price halted within the 1.0900 in which the EURUSD eyes some renewed offers. The single European currency had moderately eased eliminating its entire gains in the morning eventually.

    As shown in the 4-hour chart the technical indicators appeared to be bullish. Resistance touched 1.0900 level, support pierced through 1.0850 range.

    Moreover, a close over 1.0900 is expected to yield fresh bullish indicator in order to move further. It could probably reach the 1.0950 hurdle but correction is not ruled out as a means of filling the gap.
    Andrea ForexMart, Official Representative


  3. #533
    Senior Investor Andrea ForexMart's Avatar
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    Default GBP/USD Technical Analysis: April 26, 2017

    The general situation persists to manifest the same scene as of Tuesday. The British currency seems rangebound amid day trades. The price has already reached the bandís lower limit during the first part of the day and rebounded afterward.

    The spot stalled having touched the rangeís upper limit while technical indicators are in mixed signals.

    Moreover, the Exponential Moving Averages (EMAs) trailed lower while the RSI together with the MACD showed positive indications. Resistance entered 1.2900 level, support entered 1.2800 area.

    A negative scenario is projected to take place. In case that the GBPUSD touched below the 1.2800 support region will trigger a downtrend in the near future.


    GBPUSD26.jpg
    Andrea ForexMart, Official Representative


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