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GBP/CAD is a minor pair that has 1 pip equal to $7.32 for 1 standard lot approximately. GBP pairs have one thing in common. All of them are volatile. Higher the volatility, more the profit potential. GBP pairs can move 500-1000 pips in matter of days...
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CRUDE OIL: With the commodity remaining weak and vulnerable , more decline is expected in the days ahead. Though with caution. On the downside, support resides at the 48.00 level where a break will expose the 47.50 level. A cut through here will set the stage for a run at the 47.00 level...
The USD extended gains against most of its peers ahead of today’s FOMC meeting and ADP job report. The New Zealand dollar was among the few that was able to resist against the increasing demand for the greenback. NZD/USD rose to 0.6969 this morning amid a solid job report...
The FOMC meeting is clearly the key FX event of the day. The market is not pricing a rate hike, the likelihood of which is estimated at below 15%. Markets already feel more confident for a rate hike at the next meeting in June and today’s meeting is unlikely to change anything...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, May 3rd The EUR/USD pair came out of its consolidation range in early Europe, and now is losing positions, eyeing to retake its resistance at 1.0900...
After yesterday (22:45 GMT) the Bureau of Statistics of New Zealand published strong data on the state of the labor market in the country, the New Zealand dollar rose in the foreign exchange market. The unemployment rate in New Zealand in the first quarter decreased more than expected (4...
The focus of traders today will be the publication (21:00 GMT + 3) of the Fed's decision on the interest rate. It is likely that the Fed will keep rates today in the range of 0.75% - 1.00...
USDJPY: The pair continues to hold on to its upside pressure leaving more strength expected. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level...
EUR/JPY The pair rose to the level of 122.40 and is ready to test the resistance of 122.50/60, which stopped the pair's growth in mid-March. It is followed by January highs and the even more important resistance zone of 123.00/10. GBP/JPY The pair tested the high of January at 144...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, May 2nd The EUR/USD pair prolongs its positive trend since the beginning of this week, mainly being supported by ongoing talks about upcoming French election, that are scheduled on this weekend...
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According to the data published on Friday from the American oil service company Baker Hughes, the number of oil drilling rigs in the US increased by 9 units to 697 units last week...
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=== XAUUSD Neural Network Future predictions from end of training data === Predictions Date High (%Probability) Low (%Probability...
Bank of America Merrill Lynch FX Strategy Research argues that GBP still faces some near-term headwinds which should keep GBP/USD capped below $1.30 in the very near-term. "UK elections; momentum/positioning and seasonality all pose risks...
After the ECB last week, we have a very loaded week in terms of Central Banks. The Fed, RBA, Norges Bank will decide about their rates. Investors are now expecting the Fed to show some hints regarding its tightening path. For the time being, US financial markets are clearly driven by Trump...
The market continues to make speculative negative bets on the eventual effect of Brexit on the UK economy. We remain optimistic based on Europe and UK mutual beneficial relationships that the end-result will be significantly less severs then a “hard” Brexit...
Consolidating below 50. • Crude oil is trading mixed, breaking the support at 50.71, yet now has paused. Support now lies at 48.87 (25/04/2017 low). Resistance for a short-term bounce can be found at 50.71 (old...
