British Pound (GBP) Latest: GBP/USD Running Into Resistance, Busy Week Ahead

Sterling continues to push higher against a weak US dollar and GBPUSD now nears 200-dma resistance. The economic calendar is packed full of potential market moving data releases this week.
Source: News FX

AUDUSD analysis for 13.07.2020

There are no major economic reports in Australia and the US. AUDUSD will be chiefly under the influence of macroeconomic reports.
The support rests at 0.69230 with resistance at 0.69900 which the weekly pivot point at 0.69570 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.70000.

audusd
Source: fxglory

USDJPY analysis for 13.07.2020

Tertiary Industry Index was released in Japan and the US will release Federal Budget Balance.
The support rests at 106.700 with resistance at 106.990 which both lines are below the weekly pivot point at 107.120. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The resistance level breakout will confirm the bullish trend towards 107.500; otherwise USDJPY will continue its bearish trend towards the previous low at 106.

usdjpy
Source: fxglory

EUR/USD, EU Stoxx 50 Stock Traders to Focus on Recovery Fund Talks

EUR/USD, EU Stoxx 50 stock market index stalling at resistance as investors look to the European Union’s ‘special summit’ on July 17.
Source: News FX

EURUSD analysis for 13.07.2020

There are no major economic reports in the US or Eurozone. EUR is moving strong against USD. President Trump believes Kanye West has no chance for election and he will take the votes planned for Joe Biden.
The support rests at 1.12800 with resistance at 1.13430 which the weekly pivot point at 1.13040 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above level 50, the Stochastic is moving in high ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.

EUR bulls are managing the price; buyers can target 1.13600.

eurusd
Source: fxglory

Crude Oil Prices May Rise with Stocks But OPEC+ Meeting Looms Large

Crude oil prices might benefit from a recovery in market-wide risk appetite but apprehension before an upcoming OPEC+ meeting may limit upside follow-through.
Source: News FX

Gold Price Holds Near 2020 High as RSI Flirts with Overbought Zone

The RSI may continue to offer a bullish outlook for the price of gold if the indicator rebounds from trendline support and produces the extreme readings seen in February.
Source: News FX

AUD May Fall on US-China Trade Deal Fears, Crude Oil Eyes OPEC Meeting

The Australian Dollar is groaning at revived US-China trade tensions as crude oil prices eye a key OPEC+ meeting. The Euro may tense up ahead of negotiations on a EUR750b aid package.
Source: News FX

S&P 500 Faces Earnings Check, Hang Seng Index May Rise

S&P 500 index futures are climbing Monday opening despite of surging virus cases. Traders are eyeing Q2 earnings reports this week. The Hang Seng Index is set to open higher.
Source: News FX

New Zealand Dollar Outlook: GBP/NZD, EUR/NZD, NZD/CHF Levels to Watch

The GBP/NZD, EUR/NZD exchange rates seem poised to reverse their respective 4-month downtrends as NZD/CHF struggles at key resistance.
Source: News FX