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EUR/USD: Bullish: Next target at 1.1050 followed by 1.1120. While EUR finally broke above 1.1100, the lack of acceleration higher after the breach came as a surprise (high of 1.1022 early this morning...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com‌ EURUSD Dominant bias: Bullish Monday to Wednesday saw price go sideways before climbing on Thursday and almost reaching the resistance line at 1.1000...
Analytics & Forecasts
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ap5m6, 8 May 2017, 08:22
CRUDE OIL: With the commodity halting its weakness to close higher on a rejection candle on Friday, further bullishness is likely. On the downside, support resides at the 46.00 level where a break will expose the 45.50 level. A cut through here will set the stage for a run at the 45.00 level...
Analytics & Forecasts
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FXTechstrategy.com, 8 May 2017, 02:09
EURUSD: With the pair continuing to hold on to its upside pressure, more strength is envisaged. Resistance comes in at 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1...
Analytics & Forecasts
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FXTechstrategy.com, 7 May 2017, 16:05
First, a review of last week’s forecast: - Recall that the experts’ opinions on EUR/USD a week ago were divided almost equally: 35% supported the growth of the pair, 30% voted for its fall and 35% foresaw a sideways trend...
Analytics & Forecasts
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Sergey Ershov, 6 May 2017, 20:48 #usd/jpy, GBP/USD, forex
USDCHF: The pair closed lower the past week leaving risk of more declines on the cards in the new week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level...
Analytics & Forecasts
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FXTechstrategy.com, 6 May 2017, 04:09
After crude-oil prices took a beating over the past week, falling to their lowest level since before OPEC-led a deal to curb output in November, analysts at Goldman Sachs say crude may reaching a “capitulation” point...
Weekly Trends
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Achirawit Anantachayakul, 6 May 2017, 03:19
The victory of Emmanuel Macron in the first round of the presidential elections in France weakened fears about France's withdrawal from the EU...
The unconditional center of attention of investors today is the publication of data from the US labor market scheduled for 12:30 (GMT) for April. It is expected that unemployment in April rose by 0.1% to 4...
Analytics & Forecasts
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TifiaFX, 5 May 2017, 13:19 #fundamental analysis, Fed
Credit Agricole FX Strategy Research notes that in G10 FX the AUD was among the weakest currencies over the past few sessions...
Analytics & Forecasts
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Vasilii Apostolidi, 4 May 2017, 18:18
Emerging markets currencies tumbled on Thursday amid a sharp correction in commodity prices and mounting expectations of a June Fed rate hike. The West Texas Intermediate hit $47.31 a barrel this morning while its counterpart from the North Sea fell to $50.26 amid supply glut worries...
Analytics & Forecasts
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Jiming Huang, 4 May 2017, 14:26
EUR/USD Yesterday the pair fell to the level of 1.0900, however the downward movement stopped here...
Analytics & Forecasts
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Real Trade, 4 May 2017, 13:39
As it became known, during the two-day meeting, the Fed kept interest rates at the same level, in the range of 0.75% -1.00%. The decision was taken unanimously, by 9 votes out of 9...
Analytics & Forecasts
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TifiaFX, 4 May 2017, 12:57 #fundamental analysis, ECB
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...
Analytics & Forecasts
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Ahmad Hassam, 4 May 2017, 08:37 #forex
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...
Analytics & Forecasts
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FXTechstrategy.com, 3 May 2017, 14:32
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...
Analytics & Forecasts
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Jiming Huang, 3 May 2017, 13:42
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...
Analytics & Forecasts
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EEAnalytics, 3 May 2017, 12:36
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...
Analytics & Forecasts
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TifiaFX, 3 May 2017, 12:18 #nzdusd, Trading, Fed
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...
Analytics & Forecasts
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FXTechstrategy.com, 2 May 2017, 13:42