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Bitcoin has surged more than US$1,000 from below $7,000 to around $8,050 in a bizarre surge that follows months of bearish consolidation. Its rise is pulling the rest of crypto sector higher. Technicians say the technical break of $7,450 triggered a surge in Bitcoin buying...
Reserve Bank of India (RBI) monetary policy meeting decision to maintain its key rate at 6% last Thursday rather than reduce it by 25 basis points shows that it got it right. Indian inflation was contained during first quarter 2018 period, with March consumer price index given at +4...
As part of his speech on Wednesday, RBA Governor Philip Lowe said that "the central bank needs good reasons to change its policy". Earlier this month, when the RBA kept the interest rate at 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, April 13th The EUR/USD pair consolidates its yesterday’s recovery within the range of 1.2315-35, on the back of weaker positions of the US dollar...
EURGBP- The pair faces further downside pressure leaving risk lower. Support lies at the 0.8650 level where a violation will turn focus to the 0.8600 level. A break will expose the 0.8550 level. Its daily RSI is bearish and pointing lower suggesting further weakness...
Against the background of positive macro statistics, received on Wednesday from the US, and after the publication of the minutes from the March meeting of the Fed, the dollar strengthens against the defensive assets such as gold, yen, franc...
When will the European Central Bank tighten money? Austrian Ewald Nowotny, one of its governors, said yesterday to Reuters that the ECB should get on with it now: hike interest rates and stop buying bonds. The ECB then disowned the remarks...
Under Brexit pressure to split by December 2020 and uncertainty about the Irish border, the UK economy is in turmoil in Q1 2018. February month-to-month industrial and manufacturing production output was weak at +0.10% and -0.20% (prior: +1.30% and 0...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, April 12th The EUR/USD pair stalled its upside rally, keeping positions today within tight range of 1.2355-80...
GOLD: The commodity continues to face recovery risk as it rallied strongly on Wednesday. On the downside, support comes in at the 1,320.00 level where a break will turn attention to the 1,310.00 level. Further down, a cut through here will open the door for a move lower towards the 1,300.00 level...
The focus of traders today will be the publication (at 18:00 GMT) of the minutes from the March Fed meeting. At this meeting, the leaders of the Federal Reserve unanimously voted to increase the range of the key interest rate by a quarter of percentage points to 1.5% -1...
After March elections and the slow process of forming a government, the Italian economy is showing signs of weakness. A slowdown in February’s producer price index and industrial production month-to-month of 0.30% and -0.50% (prior: 0.80% and -1...
Amidst all the noise, subdued inflation and solid global growth are good for selected emerging-market currencies: MXN, THB, INR, IDR and ZAR should be bought on the dips. Trade-war fears eased on Chinese President Xi Jinping's conciliatory, optimistic remarks at the Boao Forum for Asia...
In this article, we will learn the answers to the most common questions about the AOTI indicator. Which timeframe is better, for which currency pairs are the indicator suitable, how to install the indicator? Let’s find out the answers to these and other questions right now. Product URL...
Though an inflation below its 2% target (1.50% as of February 2018) adding up with the challenging task of changing its population’s “deflationary” state of mind, Japan economy remains solid...
Over the last few days, both Brazilian stocks and the real suffered major losses amid rising heightened uncertainties about the upcoming presidential elections. On Monday, the Bovespa index fell 1.78% to 83,307 points. The 1-month implied volatility also edged above the 20% level to 21.85...
The tension in the trade relations between the US and China weakened, and the risk appetite for investors again increased. After this, stock markets grew, and commodity and oil prices strengthened...
For some reason, it is a common opinion that trading in foreign exchange markets is, like chess, mainly a male business. However, this is not at all the case, and women, with their perseverance and patience, can quite often give a hundred points to the odds to the "strong" half...
