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What’s inside: EUR/USD thoroughly tested the November trend-line, and so far with success This trend threshold holds the key to our near-term outlook Stay above support and a challenge of top-side levels looks likely in days ahead; drop below and the tune changes Heading into last week we were op...
Which on the face of it is pretty dramatic. A $900 million flow out of an ETF, even one as boring as the SPDR Bloomberg Barclays 1-3 Month T-bill ETF ($BIL), is worth noting. Here’s the problem. $BIL experienced a reverse 1:2 split which affected this calculation...
First, a review of last week’s forecast: - As practice shows, if at least 25-30% of oscillators signal that a pair is oversold or overbought, one should expect a correction. This is what happened last week with the EUR/USD...
01.12.2017 XAUUSD XAUUSD (1274.98): Gold prices failed near to hold near the support level of 1285. As a result, price action fell sharply back to the previous support level near 1274.70 region. We expect that this support level will hold in the near term...
USDCHF: The pair backed off higher prices on Thursday leaving risk to the downside. 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. On the upside, resistance resides at the 0...
According to data provided today by IHS Markit Ltd., the Purchasing Managers Index (PMI) for the UK manufacturing sector rose to 58.2 in November (the previous estimate was 56.6, the forecast was 56.5). Thus, the November figure was the highest in 51 months...
After an active 4-week growth, the GBP / USD is declining during today Asian and European sessions. Nevertheless, the current decline is of a short-term nature. The positive dynamics of the pound and GBP/USD remains...
Now that the Bitcoin has reached 10k dollar. Speculation regarding its futures are reaching a climax. Some sees it at 1 million dollar like John Mcafee who in a tweet declared that he was increasing its forecast on the digital currency...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, December 1st The EUR/USD pair extends its upside trend for the third session in a row, keeping its positions above the level of 1.19 at the last working day of the week...
After a promising start into the week, the greenback is back in the doldrums as investors scale down their long USD positions. After rising as much as 0.75% during the week, the dollar index reversed gains and returned at around 92.80 on Friday morning...
30.11.2017 GBPUSD British pound managed to print above resistance 1.3430-60 which may be the sign of more advance toward 1.3560. Intraday levels showing supports at 1.3430 and 1.3370 where as long as market holding above one of those supports more advance toward 1.3560 is expected. Below 1...
While the market focus is clearly on Crypto currencies conditions are steady improving for EM FX. Constructive global backdrop including improved risk appetite and strong growth will send investors deeper into select EM currencies...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, November 30th The EUR/USD pair failed to keep positive tone in early Europe and dropped to session lows, marked in the region of 1.1810, despite better-than-expected data reports from German labor market...
Yesterday, Janet Yellen spoke in front of Congressional leaders amid the release of the US GDP data, which as expected, climbed to 3-year high. The end of Yellen’s mandate is near as the current Fed Chair is going to be replaced next year by Jerome Powell...
According to the US Department of Commerce, the gross domestic product, the broadest indicator of the production of goods and services in the economy, increased by 3.3% per annum in the third quarter (the forecast was + 3.0% and + 3.1% quarter). This growth was the strongest in three years...
29.11.2017 GBPUSD GBPUSD managed to fell below 1.3280 where managed to re-test 1.3230 before maret advance fast after the U.K. cleared a major Brexit hurdle. Market managed to hit target 1.3415 while Intraday showing resistance zone at 1.3430-60. As long as market holding below 1...
Nicola Delic is giving his Quattro Cash Envelopes System as a gift. You can download it his Quattro Cash Envelopes System FREE for the next few days. You can also watch the video in which Nicola Delic talks about his trading and answers questions. Nicola Delic is a coder and a trader...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, November 29th The pair EUR/USD resumed the upside on Wednesday, correcting higher from its weekly lows, marked at 1.1827 during the last NA session...
The second read of the US GDP will be released this afternoon and should be around 3%. The data remains strong and as we mentioned several times over the last few weeks, the inflation is also on the rise. However, markets have recently punished the greenback against the US dollar...