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EUR/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1045 1.1113 1.1241 1.1309 1.1438 1.1506 1.1634

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1128 1.1272 1.1325 1.1468 1.1521

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.1262 1.1316 1.1334 1.1352 1.1388 1.1406 1.1424 1.1478

Tom Demark’s pivot points
Support Resistance
1.1275 1.1472

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1181 1.1227 1.1256 1.1279 1.1302 1.1377

GBP/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2344 1.2425 1.2585 1.2665 1.2825 1.2906 1.3066

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2445 1.2624 1.2685 1.2865 1.2926

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2612 1.2678 1.2700 1.2723 1.2767 1.2789 1.2811 1.2877

Tom Demark’s pivot points
Support Resistance
1.2625 1.2866

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2505 1.2562 1.2597 1.2626 1.2654 1.2746

USD/JPY Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
105.00 106.02 106.67 107.70 108.35 109.37 110.02

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
105.93 106.49 107.60 108.16 109.28

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
106.40 106.87 107.02 107.17 107.48 107.63 107.79 108.25

Tom Demark’s pivot points
Support Resistance
106.35 108.02

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
107.04 107.44 107.68 107.88 108.08 108.72

AUD/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
0.6752 0.6791 0.6858 0.6898 0.6964 0.7004 0.7071

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
0.6798 0.6872 0.6904 0.6978 0.7011

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
0.6866 0.6895 0.6905 0.6915 0.6934 0.6944 0.6954 0.6983

Tom Demark’s pivot points
Support Resistance
0.6878 0.6984

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
0.6831 0.6856 0.6871 0.6884 0.6896 0.6937

USD/CAD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2823 1.2987 1.3104 1.3268 1.3386 1.3549 1.3667

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2975 1.3082 1.3257 1.3363 1.3538

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.3067 1.3145 1.3171 1.3196 1.3248 1.3274 1.3300 1.3377

Tom Demark’s pivot points
Support Resistance
1.3046 1.3327

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3150 1.3217 1.3258 1.3291 1.3324 1.3432

If you have any questions or comments on this technical analysis, please feel free to reply below.

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EUR/USD rallied today, rising for the third consecutive trading session. While the dovishness of the Federal Reserve continued to support the currency pair, PMIs released by Markit today were also helping. Most indicators for the eurozone exceeded expectations, while the US indicators missed forecasts. The better-than-expected US housing data halted the rally but did not make the EUR/USD pair back off.

Both Markit manufacturing PMI and Markit services PMI fell in June from the previous month on a seasonally adjusted basis according to the flash readings, while analysts were not expecting any significant change. Markit manufacturing PMI dropped to 50.1 from 50.5. Markit services PMI declined to 50.7 from 50.9. (Event A on the chart.)

Existing home sales climbed to the seasonally adjusted annual rate of 5.34 million in May from 5.21 million in April. Analysts had predicted a smaller number of 5.29 million. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD extended yesterday’s rally today as the US dollar remained extremely weak due to unexpectedly strong dovishness of the Federal Reserve. US macroeconomic data was not helping the greenback either as almost all indicators released today failed to meet expectations.

Philadelphia Fed manufacturing index dropped from 16.6 in May to 0.3 in June, far below the forecast level of 10.6. (Event A on the chart.)

Current account balance deficit narrowed to $130.4 billion in Q1 2019 from $143.9 billion in Q4 2018 (revised). Economists had predicted a smaller shortage of $125.0 billion. (Event A on the chart.)

Seasonally adjusted initial jobless claims fell to 216k last week from the previous week’s unrevised level of 222k. The median forecasts had promised a figure of 220k. (Event A on the chart.)

Leading indicators showed no change in May. Economists were counting on the same rate of growth as 0.1% logged in April (revised from 0.2%). (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD rose sharply today after the monetary policy announcement from the Federal Open Market Committee. While the FOMC did not change its policy at today’s meeting, the fact that the statement dropped the word “patient” led to speculations that an interest rate cut may happen as soon as the next meeting in July. Furthermore, the projections revealed that about half of the FOMC members anticipate a cut by the end of the year.

US crude oil inventories dropped 3.1 million barrels last week, two times the forecast amount of 1.5 million barrels. Nevertheless, the stockpiles remained above the five-year average for this time of year. The week before, the reserves were up by 2.2 million barrels. Total motor gasoline inventories dropped by 1.7 million barrels but also remained above the five-year average. (Event A on the chart.)

FOMC left the target range for the federal funds rate unchanged at 2.25%-2.5%, as was widely expected. The Committee said in the statement:

The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective as the most likely outcomes, but uncertainties about this outlook have increased. In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective.

Analysts pointed out that the statement dropped the word “patient”, meaning that US policy makers may act soon, cutting back interest rates. (Event B on the chart.)

Yesterday, a report on housing starts and building permits was released. Housing starts were at the seasonally adjusted annual rate of 1.27 million in May, above the consensus forecast of 1.24 million. The previous month’s figure got a positive revision from 1.24 million to 1.28 million. Building permits were at the seasonally adjusted annual rate of 1.29 million, almost unchanged from the April reading and in line with expectations. (Not shown on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD rallied on Monday, though trimmed gains by the end of the trading session. Analysts pointed at the slump of the Empire State Manufacturing Index as one of the possible reasons for the rally, but the currency pair actually halted its upward movement after the release.

NY Empire State Index tumbled from 17.8 in May to -8.6 in June. That was a total surprise to analysts, who had expected a much smaller decrease to 12.1. (Event A on the chart.)

Net foreign purchases were at $46.9 billion in April. That is compared to the medium forecast of $30.8 billion. The March value got a revision from -$28.4 billion to -$25.9 billion. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1020 1.1111 1.1161 1.1252 1.1302 1.1393 1.1443

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1100 1.1140 1.1241 1.1281 1.1382

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.1133 1.1172 1.1184 1.1197 1.1223 1.1236 1.1249 1.1288

Tom Demark’s pivot points
Support Resistance
1.1136 1.1277

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1202 1.1235 1.1256 1.1273 1.1289 1.1343

GBP/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2348 1.2464 1.2526 1.2642 1.2705 1.2821 1.2883

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2450 1.2500 1.2629 1.2678 1.2807

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2491 1.2540 1.2556 1.2573 1.2605 1.2622 1.2638 1.2687

Tom Demark’s pivot points
Support Resistance
1.2495 1.2673

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2579 1.2622 1.2648 1.2669 1.2690 1.2758

USD/JPY Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
107.56 107.86 108.20 108.50 108.84 109.14 109.48

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
107.87 108.22 108.51 108.86 109.15

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
108.19 108.36 108.42 108.48 108.60 108.66 108.72 108.89

Tom Demark’s pivot points
Support Resistance
108.35 108.99

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
108.16 108.31 108.40 108.48 108.55 108.80

AUD/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
0.6672 0.6766 0.6818 0.6912 0.6963 0.7057 0.7109

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
0.6756 0.6796 0.6901 0.6942 0.7047

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
0.6789 0.6829 0.6842 0.6855 0.6882 0.6895 0.6909 0.6949

Tom Demark’s pivot points
Support Resistance
0.6792 0.6937

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
0.6861 0.6895 0.6916 0.6933 0.6950 0.7006

USD/CAD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.3108 1.3174 1.3291 1.3356 1.3474 1.3539 1.3657

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.3187 1.3317 1.3369 1.3500 1.3552

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.3308 1.3358 1.3375 1.3392 1.3425 1.3442 1.3459 1.3509

Tom Demark’s pivot points
Support Resistance
1.3324 1.3507

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3239 1.3282 1.3309 1.3330 1.3352 1.3422

If you have any questions or comments on this technical analysis, please feel free to reply below.

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No new brokers appeared on EarnForex.com this week, just a few updates to the listed companies:

AvaTrade now accepts Boleto, FasaPay, and UnionPay for payments. МТ5 demo accounts are now available. Traders can also keep account balance in Australian dollar, Japanese yen, Swiss franc, and Great Britain pound. Customer support service through office is no longer available.

Price Markets no longer works with Skrill. Added Swiss franc as an account currency.

PFD raised margin-call and stop-out levels and reduced minimum account size for MT4 Pro accounts to $1.

Pepperstone added deposits through Skrill and PayPal. Increased its floating spreads somewhat.

PaxForex now supports trading in XRP/USD (Ripple vs. US dollar).

Orbex added FasaPay to payment options.

One Global Market added support for UnionPay and BPAY.

One Financial Markets added UnionPay and FasaPay payments. Closed its office in Hong Kong.

Grand Capital opened offices in Kenya and Ecuador.

If you have any questions or comments regarding any of the latest Forex brokers updates, please feel free to reply using the form below.

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EUR/USD sank today even as US retail sales missed expectations. But the miss was small and the core components came out within expectations. Furthermore, both the headline and underline figures for the preceding month got a positive revision. And on top of that, industrial production beat forecasts. The positive data eased concerns that the US economy is experiencing slowdown.

Retail sales rose 0.5% in May from April. That was below analysts’ forecasts of a 0.7% increase. On the positive note, the April reading was revised from a drop by 0.2% to an increase by 0.3%. (Event A on the chart.)

Industrial production rose 0.4% in May after falling at the same rate in April (revised, the drop was by 0.5% before the revision). Analysts had predicted a more modest increase by 0.2%. Capacity utilization edged up a little from 77.9% to 78.1%, in line with expectations. (Event B on the chart.)

Michigan Sentiment Index fell to 97.9 in June from 100.0 in May. The actual figure was close to the consensus forecast. (Event C on the chart.)

Business inventories rose 0.5% in April. That is compared to the predicted increase by 0.4% and no change logged in March. (Event C on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD attempted to rally today but failed and is now trading about flat below the psychologically important 1.13 level. There were no particularly important macroeconomic releases today, either in the United States or in the eurozone. Tomorrow, US retail sales will draw the most attention, being considered a relatively major release.

Import prices dropped 0.3% in May, matching forecasts exactly, after increasing 0.1% in the previous month. Export prices fell 0.2% after they have increased 0.1% in April too. (Event A on the chart.)

Seasonally adjusted initial jobless claims decreased slightly to 222k last week from the previous week’s revised level of 223k (221k before the revision). The median forecast had promised a more significant decrease to 215k. (Event A on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD was falling during the Wednesday’s trading session. The currency pair made a short-lived attempt to rally on the back of slowing US inflation but quickly resumed its decline.

CPI rose 0.1% in May, in line with expectations, after rising 0.3% in April. (Event A on the chart.)

US crude oil inventories increased by 2.2 million barrels last week instead of falling by 1.0 million barrels as analysts had predicted. The stockpiles swelled by 6.8 million barrels the week before. Total motor gasoline inventories increased by 0.8 million barrels.

Treasury budget turned from a surplus of $160.3 billion in April to a deficit of $207.8 billion in May. The average forecast had promised a slightly smaller surplus of $199.2 billion. (Event B on the chart.)

Yesterday, a report on PPI was released, showing an increase by 0.1% in May. It was within expectations and a bit slower than the 0.2% gain logged in April. (Event C on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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