Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, June 28th The EUR/USD pair remains highly positive in the middle of this week, having refreshed its multimonth highs at 1.1380 level in early Europe...
Talking Points Asian stocks wilted as their Wall Street counterparts had done the day before Only the ASX 200 stood out, with mining stocks there putting up a better show The US Dollar made gains on the Japanese Yen Asian stocks were mostly under pressure Wednesday following a weak Wall Street le...
Statements made by ECB President Mario Draghi on Tuesday at a conference in Portugal provoked a sharp rise in the euro and a fall in European stock indices. Mario Draghi said that "all the signs now point to the strengthening and expansion of the basis for the recovery of the Eurozone economy...
USD/CAD Yesterday the pair broke through the important support level of 1.3200 and today continued the downward movement and lost 0.5...
Currently, EUR/USD is trading at 1.1314, up 1.18% on the day, having posted a daily high at 1.1336 and low at 1.1179...
EURUSD: With the pair seen rallying on Tuesday following its Monday price reversal, more strength is envisaged in the days ahead. Resistance comes in at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1...
After falling more than 4% over the last seven weeks, USD/CAD has been stabilising at around 1.3250. This sharp appreciation of the loonie was quite surprising, especially against the backdrop of falling oil prices. Indeed, WTI futures for delivering in August slid to $43...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, June 27th The EUR/USD pair surrendered part of its overnight gains, having faced resistance at 1.1200 level on the European opening, as the market turned cautious ahead of key central bankers’ speeches...
With the opening of today's trading day, and especially at the beginning of the European session, the dollar is falling in the foreign exchange market. Published yesterday, data from the US Department of Commerce showed a reduction in orders for durable goods in May by 1...
Today’s AUD/USD Signals Risk 0.75%. Trades must be entered from 8am New York time until 5pm Tokyo time, over the next 24-hour period. Short Trade 1 Short entry following some bearish price action on the H1 time frame immediately upon the next touch of 0.7625...
USD/CAD USD/CAD attempts to grow to the area of 1.33 - 1.34 will provide a good opportunity to sell...
Fresh buyers now seem to be rushing to the single currency following Draghi’s speech at the ECB Forum, taking EUR/USD to fresh tops around 1.1240. EUR/USD bid on upbeat Draghi Chek my Signals: https://www.mql5...
Today’s USD/JPY Signals Risk 0.75%. Trades must be entered between 8am New York time and 5pm Tokyo time, during the next 24-hour period. Short Trade 1 Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 112.93...
According to IMM net speculators’ positioning as at 20 June, 2017, USD longs held steady, holding just above their late May levels which were their lowest levels since last Oct – ahead of the Trump win in the Presidential election, explains the research team at Rabobank...
Having found some support near 1.1175 region, the EUR/USD pair has embarked upon a minor-recovery mode, as the bulls look to regain 1.12 handle ahead of key central bankers’ speeches...
CRUDE OIL: The commodity continues to retain its upside pressure on correction. On the downside, support resides at the 43.00 level where a break will expose the 42.50 level. A cut through here will set the stage for a run at the 42.00 level. Further down, support resides at the 41.50 level...
USDJPY: The pair is now see a move higher with more strength envisaged. On the downside, support comes in at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level...
Consolidating before another likely decline. • Crude oil is now consolidating since the recent collapse from $52. Support given at a 42.20 (14/11/2017 low) has been broken. Expected to...
Ready for another leg lower. • Silver's selling pressures are strong despite ongoing bullish consolidation. Closest support is given at 16.36 (21/06/2017 low). Strong support is given at 16.06 (09/05/2017 low). Key resistance...
