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Personal spending and income came in roughly in line with expectations, though the former printed slightly lower, suggesting that personal consumption should continue to improve in the third quarter. Moreover, June’s personal spending was revised to the upside from a flat reading to +0.2%m/m...
Major US stock indexes began the month with a slight increase. Investors are waiting for a monthly report on the US labor market, which will be published at 12:30 (GMT...
We are back from our holidays and warmly welcome you to the trading month of September. Despite the usual low liquidity during the summer months there was a clear trend in the market, namely the persistent weakness in the U.S. dollar...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, September 1st The EUR/USD pair continues to stay under selling pressure lately, however, having bounced off its weekly lows, marked yesterday at 1.1823 level...
USD/JPY The pair resumes the growth after falling on Thursday, as Forex traders are preparing to meet the US jobs report, which may change the look at the FED monetary policy. USD/JPY increased by 0.1% to 110.06 after a falling of 0.2% on Thursday. The pair increased by 0...
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Strong macro data, received from the US at the beginning of today's US session, caused the growth of the main US stock indices. Nasdaq Composite climbed 18.00 points (0.30%), S & P500 rose 6.34 points (0.26%), DJIA started trading with an increase of 47.83 points (0.22...
It’s not absolutely necessary to be right more often than to be wrong to make your trading account grow. Discussing the principles of a trading plan development, we talked about the importance of risk and money management rules...
The U.S Energy Department has released US inventories data which shows a decline of 5.932 million barrels during the week ending August 25. It is the ninth consecutive weeks of decline and crude oil has lost 1% and is now challenging its 6-week low...
The US dollar received a much needed fresh boost yesterday amid the release of better-than-expected data from the world’s largest economy. Firstly, the second print on the second quarter GDP was revised to 3%q/q (annualised) from 2...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, August 31st The EUR/USD pair extends its downside trend for the third session in a row, correcting from its multiyear highs, posted on Tuesday in the region of 1.2070...
EUR/USD The pair closed below 1.1900 yesterday, by forming a shooting star on the daily chart. Technically, the picture is unfavorable for bulls. EUR/USD may move down to the area of 1.17 and even lower, but in the medium term, the euro retains its attractiveness...
EURUSD: With the pair backing off higher prices on Tuesday, weaken further on Wednesday, more decline is likely in the days ahead. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1...
Where will it stop? (By Yann Quelenn) • Bitcoin has set a new all-time high. Hourly support lies very far at 3599 (22/08/2017 low). The road is wide open for another bullish move...
The sharp increase in EUR / USD, observed from the beginning of the year and, especially, in recent days, is connected both with the weakening of the dollar and with the continuing purchases of the euro...
GBP recovered slightly, however the correction is more likely short term then a structural shift. GBPUSD is consolidating around the 1.30 handle while EURGBP in a bull channel has no real resistance till 0.9415. The Bank of England remains dovish which corresponding to market pricing...
After tumbling against most majors yesterday amid heightening tensions between North Korea and roughly the rest of the world, the US dollar pared losses on Tuesday as the overall risk sentiment improves. The dollar index printed a multi-year low yesterday as it fell 0.70% to 91...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, August 30th The EUR/USD pair keeps its offered tone, having lost more than a cent since its multiyear tops, marked yesterday in the region of 1.2070...
AUD/USD The pair came close to the resistance of 0.80 today, after the data on the construction sector were published. Within the short-term dynamics the pair moved to a new range, and now its movement is limited by the levels of 0.80-0.7960/50...