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Dear Traders, We warmly welcome you to a new trading week in the extremely low-volatile markets where liquidity dried up substantially. Facing these challenges, day traders will have to settle for less, at least as long as catalysts are absent...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 26th The EUR/USD pair regained positive tone on the European opening, as the US dollar remains unable to recover its positions across the market...
Today, global stock indexes are growing. The stabilization of oil prices renders support to the stock market. In recent days, there has been a sharp drop in energy prices. The price of WTI oil last week fell by more than 20% from the February high...
USD/JPY The US dollar rallied during the week, breaking above the top of the candle from the previous week. I think that short-term pullbacks will be buying opportunities. Ultimately, I expect that this market will go looking for the 112.50 level above...
USD/CAD The US dollar initially tried to rally during the week, but turned around to show signs of weakness. Pay attention to the crude oil market, it will drive where this pair goes. If we can break down below the uptrend line underneath, I feel that the market goes down to the 1.30 level...
The Japanese Yen continues to depreciate at the beginning of the week, now lifting USD/JPY to the area of 111.70, multi-day peaks. USD/JPY up on US yields Spot is moving higher on Monday propped up by the solid performance of US yields, with the 10-year reference retaking the 2...
The single currency keeps hovering over the 1.1200 handle vs. the buck on Monday, with EUR/USD briefly testing highs around 1.1210 before deflating. EUR/USD unchanged on upbeat IFO The pair is holding on to its daily gains in the 1...
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Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Neutral After moving between the resistance line at 1.1250 and the support line at 1.1100, no other significant movement was seen last week...
GBPUSD: The pair continues to face upside pressure but within its established range. Support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support lies at the 1.2600 level. Below here will set the stage for more weakness towards the 1.2550 level...
Barely 15 months after its foundation, LREM achieved a historic triumph in the National Assembly elections, winning 308 out of 577 seats, while Democratic Movement (MoDem), their partner in government, picked up another 42 seats, taking the total for the president to 350...
Germany’s IFO business climate will shed some light on the mood in Europe’s biggest economy on Monday, followed by consumer confidence in the US on Tuesday and the University of Michigan Sentiment Index on Friday...
WEEKLY FOREX ASTROLOGY REVIEWS WEEK 26/2017 Ideas and thoughts can become a reality. You have to give time for the idea to mature and moved into physical condition. If the emerging market trend change - you have to wait until the market forth this change. As long as it ripens and is confirmed...
Not only has Theresa May’s gambit not paid off, but her grip over the Brexit negotiations appears to have been loosened to some extent, feels René Defossez, Research Analyst at Natixis. Key Quotes “Her political future is uncertain...
EUR/USD rises towards 1.12, turns flat on the weekWith a daily gain of more than 50 pips, the EUR/USD pair was able to erase it weekly losses and is about to close the week near the 1.12 handle, for the second week in a row. As of writing, the pair is trading at 1.1197, up 0.4% on the day...
First, a review of last week’s forecast: the holiday season is approaching, which may be the cause of the diminishing stream of significant economic events...
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New Home Sales (MoM)Link The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated...
Markets have completely priced in a 25bp rate hike by the Bank of Canada by the end of 2017 leaving room for economic disappointment. We believe it’s too early for the BoC to be thinking about higher rates. With front-end yields at the near term high, we doubt that CAD will have much more upside...
