Analysis for June 27th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun have moved apart by the «Golden Cross» (1) above Kumo. Ichimoku cloud is going up (2) but has become more narrow. Lagging line of Chinkou indicator is located above the chart, price is above all lines. I expect to see support from Tenkan-Kijun-Senkou A and further growth of the price.
At H1, Tenkan and Kijun are influenced by the «Golden cross» (1). All lines except Tenkan are heading up. Chinkou is on the chart, Ichimoku cloud is going up (2). In short-term perspective we can see support from Senkou A and further growth of the price.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun have moved apart in the form of the «Dead сross» (1). Ichimoku cloud is going up (2). Chinkou has come close to the chart, price is near Kijun. In short-term perspective we can expect decline to lower side of the cloud.
At H1 chart we see that Tenkan and Kijun have moved apart in the form of the «Golden cross» (1). Ichimoku cloud is going up. Chinkou is almost on the chart. In short-term perspective we may expect resistance from Tenkan and descending movement.
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Editors’ Picks
AUD/USD regains the constructive outlook above the 200-day SMA
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EUR/USD keeps the bullish performance above 1.0700
The continuation of the sell-off in the Greenback in the wake of the FOMC gathering helped EUR/USD extend its bounce off Wednesday’s lows near 1.0650, advancing past the 1.0700 hurdle ahead of the crucial release of US NFP on Friday.
Gold stuck around $2,300 as market players lack directional conviction
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors
Bitcoin (BTC) price slid to the depths of $56,552 on Wednesday as the cryptocurrency market tried to front run the Federal Open Market Committee (FOMC) meeting. The flash crash saw millions in positions get liquidated.
FOMC in the rear-view mirror – NFP eyed
The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices.