USD/CAD

Summary :
Target Level : 1.2952
Target Period : 3 days
Analysis :
Triangle has broken through the support line at 10-Aug-16:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.295.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.318Last resistance turning point of Triangle.

Support Levels
( A ) 1.3049Last support turning point of Triangle.

European Central Bank's

The European Central Bank's balance sheet increased last week by EUR11.4 billion, as the central bank's lending to eurozone financial institutions and its bond buys lifted the balance sheet's volume. The balance sheet, or the value of the assets on the ECB's books, now sits at EUR2.54 trillion. The ECB's purchases of EUR60 billion in mostly government bonds per month between March of this year and Sept. 2016 should bring the size of the balance sheet above EUR3 trillion.

AUD/USD Chart

Summary :
Target Level : 0.7394
Target Period : 3 days
Analysis :
Falling Wedge has broken through the resistance line at 31-Jul-16:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 0.739.
Resistance Levels :
( B ) 0.7345Last resistance turning point of Falling Wedge.
Support Levels
( A ) 0.7235Last support turning point of Falling Wedge.

 

Chart EUR/USD

Summary :
Target Level : 1.0929
Target Period : 2 days
Analysis :
Channel Up identified at 28-Jul-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.093 within the next 2 days.
Resistance Levels :
( B ) 1.113Last resistance turning point of Channel Up.

Support Levels
( A ) 1.0929Last support turning point of Channel Up.

USD/CHF Forex Chart

Summary :
Target Level : 0.9562
Target Period : 3 days
Analysis :
Triangle identified at 23-Jul-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.956 within the next 3 days.
Resistance Levels :
( B ) 0.9632Last resistance turning point of Triangle.
Support Levels
( A ) 0.9562Last support turning point of Triangle.

 

dollar crawled off one-week lows

The dollar crawled off one-week lows against the yen in early trading on Thursday, while the New Zealand dollar rallied after the central bank there made a smaller cut to interest rates than some had expected.
The kiwi dollar climbed to a peak of $0.6654, from $0.6570 before the central bank rate policy decision, and was last up 0.8 percent on the day at $0.6629, moving away from a six-year low of $0.6498 plumbed on July 14.
The Reserve Bank of New Zealand (RBNZ) trimmed rates by 25 basis points, while some investors had expected a more aggressive 50-basis-point cut to counter growing economic headwinds.

stock market

Why does the stock market go up and down? Theses fluctuations occur partly because companies make money, or lose money, but it is much more involved than that. A stock is only worth what someone will pay for it. Usually, if a company makes a lot of money, its value rises, because people are willing to pay more for a company's stock if the company is doing well. There are many other factors that affect the value of stocks. One example is interest rates, or the amount of money you have to pay a bank to loan money, or how much it has to pay you to keep your money in their bank. If interest rates are high, stock prices generally go down.