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Hello and Welcome to todays Axiory news broadcast. Its Thursday 5th April and my names Steve
Buswell.
Let’s start with Axiory´s technical outlook for the euro dollar. If price breaks above
main pivot we can expect rise towards R1 resistance. And break above this level will be indicating
next objective at R2. But if it rebounds from main pivot it will negate previous conclusions.
Based on the conclusions for each indicator we are expecting a bullish trend.
Moving on to the dollar yen. After price fell below main pivot the dollar yen is falling
towards S1 support and further fall will be indicating next objective at S2. If it does
rebound from first support will be suggesting rise towards main pivot. Subsequently the
dollar yen will continue in lateral move. A vast majority of our indicators expect a
bearish trend.
Next up, the sterling dollar. Price was able to break above main pivot and now is heading
towards R1 and we are expecting rise above this level with objective at R2 resistance.
But if price falls below main pivot it will negate our previous conclusions. Based on
Axiory´s chosen Indicators and chart analysis we can assume a bullish trend.
Finally, our outlook for the dollar franc. If price falls below main pivot we can await
further decline towards S1 where price will probably rebound and re-test main pivot. But
further fall isn´t excluded and price could fall below first support and approach S2 support
The vast majority of indicators and our chart analysis show a bearish trend.
First news for today is monthly figures about CPI in Switzerland at 8:15 am GMT. Analysts
are expecting inflation at 0.4 percent compared to 0.3 percent in a previous report. Moreover
high impact on the franc can be expected.
Next at 9:30 am GMT a survey about manufacturing production in Britain is going to be released.
It is expected rise 0.1 percent like in a previous month. High impact on the sterling
can be awaited.
Bank of England will report monthly survey about asset purchase facility at 12:00 am
GMT. Facility will probably remain at L325 billion just like in a previous survey and
also high impact on the sterling can be expected.
And the last news for today will be published at 13:30 pm GMT. Department of Labor in the
United States is going to release data regarding unemployment claims. Economists expect slight
decline from 359,000 to 355,000 in jobless claims with a high impact on the dollar.
And before we finish, Axiory brings you a short overview of the best traders giving
you the opportunity to join their trading strategies.
First two strategies in MirrorTrader hold their gains and positions from yesterday aparty
from Vipsig-china. The biggest gain was recorded in MultiTrader in LowRisk Investment which
added almost 100 percent. Second V9direct strategy added only 1.6 percent and third
HEROpips rose 6.6 percent. Also strategies in Trade Leader rose, first LW Trading added
12 percent compared to 13 percent with Joiny Jiang and White Stone asset recording a rise
of 2 percent.
On this day in 1955 - Winston Churchill resigned as British prime minister
and as he once said 'We make a living by what we get, but we make a life by what we give.'
From all of us here at Axiory, we wish you a profitable days trading and hope you can
join us tomorrow for our final look at this weeks news.