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Author Archives: Ziad Melhem

EURUSD Medium-Long Term Technical Forecast.

Euro – EUR/USD Pivot – Support and Resistance Levels based on Daily Chart: S3: 1.3044 | S2: 1.3074 | S1: 1.3128 | PP: 1.3159 | R1: 1.3213 | R2: 1.3243 | R3: 1.3297 (EURUSD Weekly Chart) Last week the Euro made a high of 1.3225 and a low of 1.3100. The pair during the week was significantly bearish to find ... Read More »

Futures Markets Update for Today Tuesday, 3 September 2013.

European markets were trading marginally higher in today’s morning session as stocks of mobile device manufacturer Nokia surged 46% after Microsoft confirmed it will purchase the Finnish firm’s mobile business for $7.2B. The FTSE 300 Index gained in a choppy morning session. After a broad rally yesterday in all the sectors, technology stocks lead the gains today, gained by over ... Read More »

Equities Markets Update for Today Monday, 2 September 2013.

US Equity Markets US stock index futures increased steeply today, following major Asian and European markets trading higher supported by stronger PMI data from China and Europe. Both the official and HSBC’s manufacturing PMIs for China indicated a progress during the last month, while the PMI readings for Germany, the combined Europe and the UK all increased during the last ... Read More »

Forex (Currencies) Market Update for Today, Monday 2 September 2013.

Currency Market Headlines UK Mortgage Approvals hit 5 year high – GBP celebrates fruitful August gains. Eurozone Unemployment at 12.1% – CPI inflation down to 1.3%. US inflation remains low – Chicago Fed impresses at 53.0. Canadian GDP (MoM) down 0.5% – Q2 growth at 1.7%. Sterling GBP appreciated against the USD on Monday after the release of strong U.K. ... Read More »

Futures Markets Morning Update for Monday, 2 September 2013.

European stocks were trading higher today morning as the US hold up a probable military strike against Syria, reassuring market fears over another Middle Eastern conflict. European markets increased the most in eight weeks, bouncing back from their second weekly drop, as a measure of Chinese manufacturing activity posted an upbeat data confirming the manufacturing sector in the country expanded ... Read More »
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