USD/MXN 6/30

	Symbol : USDMXN

Direction : Identified time : 2019-06-30 20:01 EDT Breakout price : 19.1366 Forecast price : 19.0225 Forecast pips : -114 Probability : 57.83 %

Pattern : Triangle Interval : 240 Min Pattern : Support Interval : 240 Min

Forex trading service

 A Forex trading service may be a great helper in your Forex trading profits since its main goal is to help you calculate the risks involved in forex trading. The different pairs are being traded daily with one another from small lot to large lot sizes. On a daily basis more than three trillion dollars are exchanged in this world wide market.The currency markets can be confusing if you do not know what you are doing with all the conversions and currencies. Finding a program like a newsletter will allow education and utilization of pairs is something all fx traders should do. Traders need to find a forex program that works well with real time weekly updates is essential to there trading success.

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The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.

Australia's credit growth

As Australia's credit growth remained weak in May, it's now tracking an annualized rate of around 3% for 2019. Though housing credit is stabilizing at low levels, JPMorgan says don't expect an acceleration following easing of regulatory constraints on mortgage lending given the number of potential buyers satisfying all relevant lending criteria hasn't changed.

200 day moving average

You can use the 200 day moving average as a support and resistance area. One thing to remember if the price is near the 200 MA you should wait for confirmation before you decide to hit the buy or sell button. Waiting for the trend direction off the 200 MA will increase your chances of making a profit on the trade. When a moving average lines up with true buyers and or sellers, the moving average will work a high percentage of the time. It is important that you monitor the volume to make sure that the buyers or sellers are actively involved.
The price of the stock  is also keyed in to the moving averages.Shorter moving averages for daytrading.
 

EUR/USD is flat in the Wednesday session

EUR/USD is flat in the Wednesday session. Currently, the pair is trading at 1.1317, down 0.08% on the day. On the release front, there are no major eurozone or German events. In the U.S., we’ll get a look at consumer inflation for May. CPI is expected to dip to 0.1%, while core CPI is projected to improve to 0.2%. On Thursday, Germany releases Final CPI and the eurozone posts industrial production. The U.S. will release unemployment claims.
The Federal Reserve shook up the currency markets last week, as the comments from Fed chair Jerome Powell and FOMC member James Bullard hinted at a rate cut later in the year. Since raising rates in December, the Fed has been neutral with regard to the direction of the next rate move, but rising trade tensions have raised fears of a slowdown in the U.S. economy. This has prompted the Fed to reconsider a rate cut later this year. The CME Group has projected a 66% likelihood for a rate cut at the July meeting, up sharply from a month ago, when the odds of a July cut were just 16%. Fed officials will be keeping a close eye on the May CPI numbers – if inflation remains at very low levels, as expected, there will be more pressure on the Fed to lower rates in order to boost economic activity and inflation.
•1.1300 is a weak support line
•1.1434 is the next resistance line
• Current range: 1.300 to 1.1434

AUD/USD is showing little movement

AUD/USD is showing little movement in the Tuesday session. In North American trade, AUD/USD is trading at 0.6955, down 0.07% on the day. On the release front, Australian NAB Business Confidence jumped to 7, after two straight readings at zero. It was the indicator’s strongest showing in 10 months. Later in the day, Australia releases Westpac Consumer Sentiment. In the U.S., producer price index reports matched their estimates. PPI dipped 0.1%, down from 0.2% a month earlier. Core PPI edged up 0.2%, up from 0.1% in the previous release. Wednesday will be a busy day. The U.S. releases consumer inflation and Australia releases MI inflation expectations and employment change. The Australian business sector appears in a buoyant move, according to the latest NAB business confidence survey. The indicator climbed to 7 in May. The business sector was pleased with the unexpected victory of the conservative coalition in the general election last month, as the conservatives are considered more pro-business. Will the Westpac consumer confidence survey follow suit? If so, the Aussie could gain ground. •0.6825 is providing support •0.6968 is a weak resistance line •Current range: 0.6825 to 0.6968 The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.

GBP/USD has posted

GBP/USD has posted considerable losses in the Monday session. Currently, GBP/USD is trading at 1.2685 down 0.41% on the day. On the release front, British numbers were unexpectedly soft. Monthly GDP dropped 0.4% in April, its second straight decline. There was no relief from Manufacturing Production, which plunged 3.9% in April, much weaker than the forecast of -1.1%. This was the largest decline since June 2002. In the U.S., there are no major events. JOLTS Jobs Orders slowed to 7.45 million, shy of the estimate of 7.50 million. On Tuesday, the U.K. releases wage growth and unemployment rolls, while the U.S. posts Producer Price Index reports.
•1.2615 is providing support
•1.2723  is the next resistance line
•Current range: 1.2615 to 1.2723

EUR/USD

EUR/USD has posted winning sessions for three successive days, and the upward trend has continued on Wednesday. Currently, the pair is trading at 1.1284, up 0.26% on the day. On the release front, German and eurozone services PMIs beat expectations, with scores of 55.4 and 52.9, respectively. Eurozone retail sales dropped 0.4%, its first decline in four months. In the U.S., ADP nonfarm payrolls is expected to drop to 185 thousand in May, after a sparkling gain of 275 thousand in April. ISM Non-Manufacturing PMI is projected to show strong expansion, with an estimate of 55.6. On Thursday, the ECB is expected to maintain its key interest rate at a flat 0.00%. In the U.S., the key event is unemployment claims.

GBP/USD has posted slight gains

GBP/USD has posted slight gains in the Tuesday session. Currently, GBP/USD is trading at 1.2689, up 0.20% on the day. On the fundamentals front, British Construction PMI disappointed, with a score of 48.6, indicating contraction. This missed the estimate of 50.6 points. In the U.S., the sole event was Factory Orders. The indicator declined by 0.8%, above the estimate of -1.0%. This marked the second decline in three months. On Wednesday, the U.K. releases Services PMI.
British PMIs, which are key gauges of the economic activity, dropped into contraction territory in April. Construction PMI fell to 48.6, its third decline in four months. This followed a manufacturing PMI of 49.4, marking the first contraction since July 2016. Manufacturing news from the U.S. also disappointed, as ISM Manufacturing PMI slowed to 52.1, down from 53.0 a month earlier. This was the PMI’s weakest reading since November 2018. Global demand has fallen off due to trade tensions, and unless this situation improves, manufacturing in the U.K and the U.S. could continue to head downwards.
•1.2615 is providing support
•1.2723 is the next resistance line
•Current range: 1.2615 to 1.2723

upcoming trend is to sell EUR/JPY

 Safe-haven currencies are likely to strengthen, led by the Japanese yen because "U.S. growth fears decisively challenge high asset valuations," says Societe Generale. The best way to take advantage of this upcoming trend is to sell EUR/JPY, it says and advises going short at 121 for a target of 115, with a stop loss at 123.50. Moreover, "growth expectations remain the core forex driver, and Japan's 1Q GDP was a positive surprise. A tighter spread between eurozone and Japanese GDP forecasts should directly anchor EUR/JPY." EUR/JPY is last up by 0.4% at 121.40.

GBP/USD 6/3

GBP/USD is trading at 1.2626, up 0.14% on the day. On the release front, there are no major British events. It was a busy day for U.S. fundamentals. The Federal Reserve’s preferred inflation gauge, Core PCE Price Index, improved to 0.2%, matching the forecast. However, personal spending slowed to o.3%, after a strong gain of 0.9% in the previous release. Consumer confidence also softened, dropping from 102 in April to 100 in May. Scalping Strategy Course (DVD + Online) The Federal Reserve continues insist that its stance is neutral with regard to interest rate moves. The Fed has said that the next rate move could be in either direction, but the markets are by no means convinced. The well-respected CME Group has priced in a quarter-point rate cut at 36% in June, and 46% in September. These figures are quite high, given the strength of the U.S. economy, which posted impressive growth of 3.1% in the first quarter. If the ongoing trade war with China continues, U.S. growth could soften, likely raising the odds of a rate cut in the next few months. •1.2615 is fluid. Currently, it is a weak support line •1.2723 is the next resistance line •Current range: 1.2615 to 1.2723