May 15, 2018

FXPRIMUS, Daily Report - A number of High Volatility Economic Events awaiting

fxprimus safest place to trade fx forex online trading investment photo logo fxprimus safest place to trade fx forex online trading investment photo logo

Markets Soft Ahead of Active Tuesday, Key Indicators Expected.

This article is originally referred from FXPrimus News.

FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

Currency markets traded sideways in the Monday session as investors patiently waited for a busy Tuesday.

In commodities, Oil moved a tad higher while Gold declined as safe-havens subsided as Japanese PPI edged lower.

Most critical indicators of this week are to be delivered today.

Today’s Forecast for Important Trading Indicators

  • Bitcoin stops and reverses at the 38.2% retracement following a 16-day low. Bitcoin price moved to a low of $8170 yesterday with investors buying at the said level as this was also a Fibo level, indicating the bullishness of price projection. With the New York conference kicking in yesterday, confidence in the digital asset rose, taking price higher.


  • EURUSD – Euro ends session mixed on quiet Monday, bearish bias spotted. Euro-Dollar rose intraday but subsided following some negative sentiment during a soft session on Monday. The price formed a “doji” candle which indicates a price reversal. Investors wait for the European GDP today.
  • GBPUSD – Pound steady above $1.3520, mixed for the 8th consecutive session. Market participants traded pretty much same volumes up to the end of the day yesterday, a phenomenon also seen over the past eight sessions on the pair. Despite sentiment remaining soft, today’s wages report is likely to form an upward or downward break.
  • USDJPY – Japanese PPI slows, letting the Dollar move higher against the Yen just before critical US data. Dollar-Yen appreciated yesterday after price completed another short-lived pullback from the top of 110. The 109.25 bottom of the range is likely to hold for now, while investors shift their focus on the critical US Retail Sales release.
  • USOIL – Oil retests $70.15 level, moves higher as OPEC revises global Oil demand growth. WTI formed a bottom after retesting the dynamic support at $70.14 yesterday and moved higher, supported by OPEC’s upwards revision of global Oil demand forecast. The price rose a few cents ahead of the API report. Commodity investors remain cautious on geopolitics.

  • XAUUSD – Gold falls as demand for safe-havens declines, trails Yen as latter weakens. Gold returned back below the 38.2% Fibo retracement on Monday, falling over $5/oz by day’s end as demand for safe-havens slipped. Despite Gold following the Yen for now, risk events are likely to set the tone for the rest of the week.
  • US Indexes – DJ rose by 0.27%, S&P 500 ended the session 0.09% higher.
  • European Indexes – DE 30 closed 0.25 % lower, UK 100 declined by 0.26%.
  • Asian Indexes – ASX 200 plummeted by 0.58%, Nikkei 225 fell by 0.21%, Hang Seng trades 0.98% lower.
  • US Equities – Twitter rose by 1.95%, Tesla plunged by 3.02%

Original Source: FXPrimus News

All Forex Brokers

  • 4XC
  • ACY Securities
  • AdroFX
  • AMarkets
  • Axi
  • AximTrade
  • Axiory
  • AZAforex
  • Baxia
  • BDSwiss
  • Deriv
  • easyMarkets
  • eToro
  • Evolve Markets
  • ExclusiveMarkets
  • FBS
  • ForexChief
  • ForexMart
  • ForexVox
  • Fortrade
  • FP Markets
  • FusionMarkets
  • FXDD
  • FXGiants
  • FXGlory
  • FXGT
  • FXOpen
  • FxPro
  • FXTM
  • HFM
  • HotForex ZA (South Africa)
  • HYCM
  • IC Markets
  • IFC Markets
  • InstaForex
  • Investizo
  • IronFX
  • JustMarkets
  • Land-FX
  • LandPrime
  • Libertex
  • LiteFinance
  • LMFX
  • M4Markets
  • MiltonMarkets
  • MyFX Markets
  • OctaFX
  • Olymp Trade
  • OQtima
  • OX Securities
  • PU Prime
  • PaxForex
  • SimpleFX
  • Spectre AI
  • SquaredFinancial
  • SuperForex
  • ThreeTrader
  • Tickmill
  • TIOmarkets
  • Titan FX
  • TMGM
  • TopFX
  • Traders Trust
  • Tradeview Forex
  • Vantage Markets
  • VT Markets
  • WeTrade FX
  • Windsor Brokers
  • XM
  • XMTrading
  • XS
  • XTB

All Crypto-Currency Exchanges

  • Bibox
  • Binance
  • BingX
  • BitMEX
  • Bitpanda
  • BKEX
  • bybit
  • CoinEx
  • CoinField
  • CoinTR
  • Huobi
  • KuCoin
  • PrimeBit
  • StormGain
  • Wisebitcoin
  • YObit