Financial Market Research and Analysis

Our analysts have their fingers on the pulse of the world's financial market news.

CFD trading is high risk and may not be suitable for everyone.
Fed minutes in focus

EURUSD consolidates gains above 1.1250; the next resistance is seen at 1.1322 (August 16th high). Surpassing this level, the pair could rise to 1.1400/1.1427 (June 24th high). A first support is seen at 1.1200 (100-day moving average). Below, the pair could retreat to the critical 1.1143 (200-day moving average).


The USDJPY is trading above 100.70 on Wednesday and, surpassing the short term resistance at 101.45 (August 15th high),  could encourage a further extension toward 103.17 (50-day moving average). The critical support is presumed at 100.00/99.53 area (August 16th low). A failure to hold support at this area could cause a further drop to 98.99 (June 24th low).

Cable consolidates gains above 1.3000 mark, after better than expected data from the UK job report, showing a decrease in the job claimant count by 8.6K unit . The next resistance is eyed at 1.3174 (August 5th high). Above this level, the recovery could target 1.3276 (50-day moving average). A retreat below the 1.3000 support could bring the GBP-bears back in action and pave the way toward 1.2865/ 1.2850 (August 15th low & July 11th low).

AUDUSD is consolidating gains at 0.7660. The first support is seen at 0.7636 (August 15th low). A break could encourage a further fall to 0.7550 (50-day moving average). Mid-term trend and momentum indicators remain comfortably bullish, and a new rise above 0.7700 / 0.7755 (August 10th high), could bring the 0.7800/0.7834 (April 21sth high) in radar.

Gold is trading sideways pre-FOMC minutes. The support is eyed at $1327 (50-day moving average). A break below this level could encourage a further sell-off targeting the 1300/1290 (100-day moving average). A rise above $1358 (August 16th high) could encourage a rise to 1366 (August 3rd high) and eventually to 1378 (July 11th high).


Oil trades on the sidelines before the US oil inventories due later in the session. Surpassing $47.00 could generate a fresh momentum towards 47.65 (July 13th high), before the $50 a barrel. Below $46.00 / $45.70 (50-day moving average), WTI could retreat to $45.00 then to $44.43 (100-day moving average).

CFD trading is high risk and may not be suitable for everyone.