All Blogs
USDJPY: The pair closed further lower on sell off on Wednesday. On the downside, support lies at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level...
Ready for a bearish breakout. • Bitcoin is suffering these past few days. The technical structure has shown a tremendous positive short-term momentum so far. Hourly support area located around 10775 (22/12/2017...
According to official data published on Wednesday, UK manufacturing production in November increased by 0.4% (forecast was + 0.3%) and by 3.5% in annual terms. Data for October were revised upwards (+ 0.3%, and not 0.1%, as previously thought...
The start 2018 should bring reassuring news for traditional economists as the strong US economy, with minimal slack will start producing steady inflation. Markets expect a strong rebound of US December core CPI of 0.3% m/m following a weak reading of 0.12% in the previous month...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, January 10th The EUR/USD pair stalled its recent retreat and now is attempting to recover positions. On Tuesday, the major currency pair met some support in the vicinity of 1...
EURUSD: The pair continues to decline extending its corrective pullback on Tuesday. On the upside, 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 1.2100 level where a break will expose the 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, January 9th The EUR/USD pair remains offered for the third consecutive session, extending its retreat from the area of its multi-year tops, located near the level of 1.2090...
Switzerland’s central bank is expecting a 2017 profit of a whopping CHF 54 billion! It follows a 2016 profit of CHF 24 billion, and comes after the bank’s 2015 decision to stop supporting the franc at CHF 1.20 per Euro...
German data tell the story: manufacturing sales increased 4.1% annually (expected 1.2%) and industrial production rose 3.4% monthly (expected 1.8%. Demand for European goods and services is and will remain strong...
With the coming of the new year, the decline in the dollar, especially noticeably observed at the end of the past year, continued. Nevertheless, the dollar is gradually beginning to win back the lost positions...
EURJPY: With the pair following through lower to decline further on Monday, more weakness is envisaged towards its key support located at 134.79. On the downside, support comes in at the 134.50 level where a break if seen will aim at the 134.00 level. A cut through here will turn focus to the 133...
Will or won’t the US Federal Reserve hike interest three times in 2018? Although this has been talked up for months now, we don’t expect a rate increase from the next meeting of the Fed’s Open Market Committee, scheduled for 31 January...
Oil prices are at a 30-month high, despite boosted US production and inventories and a drop in the US rig count. The harsh winter is playing a short-term role, but some analysts are suggesting that 2018 prices will surge past our forecast of US$ 60-65 per barrel of West Texas Intermediate...
Volatile within uptrend channel. (Yann Quelenn) • Bitcoin's bullish momentum is far fom over despite strong consolidation phase. The technical structure has shown a tremendous...
Holding above 60. (Yann Quelenn) • Crude oil is has broken resistance given at 59.05 (24/12/2017 high). Strong support is given at 55.82 (07/12/2017 low). Expected to keep...
Continued increase. (Yann Quelenn) • Silver has been bouncing on hourly support at 16.99 (04/01/2018 low). Hourly resistance is given at 17.46 (16/10/2017 high). Expected to show...
Bullish momentum continues. (Yann Quelenn) • Gold is pushing higher after the strong collapse even though traders are taking some profit. Hourly support is given at 1236...
Slow increase. (Yann Quelenn) • EUR/CHF is trading slightly higher. Hourly resistance is given at 1.1778 (25/12/2017 high). Expected to show continued short-term increase...
Sideways price action. (Yann Quelenn) • EUR/GBP is trading mixed. The pair is trading between support at 0.8689 (08/12/2017 low) and resistance is located at 0.9046 (14/09/2017 high...
