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Financial markets always tend to closely monitor German’s economic data not only because the country is always acting as the locomotive of the European economy but also because the current political uncertainties currently occurring in Germany...
Investors have been waiting for months for a USD rally. Expectations have kept building up as investors expected that the combination of tighter monetary policy, sustained gains in the jobs market and a tax reform would trigger a dollar rally. Unfortunately, it didn’t unfold as expected...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, November 24th The EUR/USD pair consolidates its recent bullish rally in the vicinity of 1.1850 level at the last trading session of the week...
The third day, the EUR / USD is growing and at the beginning of today's European session again reached the level of 1.1875 (last month's highs...
23.11.2017 GBPUSD GBPUSD managed finally to hit target 1.3290-1.3300 while market still facing last resistance at 1.3335. As long as market holding below 1.3335 atrading zone between this resistance and support 1.3270 may hit the market. Below 1.3270 more drop toward 1.3220 and maybe 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, November 23rd The EUR/USD pair keeps positive mood for the third session in a row in wake of increased selling pressure on the US dollar. Currently the pair is trading in the area of its multiday highs at 1...
After yesterday (19:00 GMT) minutes from the November meeting of the Fed were published, the dollar collapsed throughout the currency market...
According to the Fed meeting minutes released yesterday, interest rates will be raised in the “near term”. Markets’ expectations regarding a rate hike have not changed much and are still standing above 90%. The fed was clearly not in a hurry to send a very hawkish signal...
It is going to be a quiet day in the stock market day as US financial markets are closed in observance of the Thanksgiving Day holiday. In addition, markets will close earlier on Friday...
Quants are using stochastic calculus a lot now a days in building algorithmic trading strategies. Do you know fresh PhDs are getting hired as quants with enticing salaries as high as $400K? Way forward is algorithmic trading. Day of using technical analysis are coming to an end...
22.11.2017 EURUSD EURUSD is still holding the downtrend wave where it met the first target 1.1730 and is still awaiting the second target towards 1.1660. The market is looking today at the FOMC Meeting Minutes to gain some insight over the coming Fed rate hike...
EURUSD: The pair remains weak and vulnerable to the downside despite its price hesitation. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1...
World stock indexes on Wednesday continued to rise. On the eve, the major US stock indices Dow Jones Industrial Average, S & P 500 and Nasdaq Composite updated record highs. The Dow Jones Industrial Average rose 0.7% to 23590, S & P 500 added 0.7%, Nasdaq Composite rose 1.1...
The precious metal is pushing higher. Later last week, Gold challenged $1300 before bouncing lower. The momentum is largely bullish, which underpins global uncertainties. In particular geopolitical uncertainties are strong for the future...
Looks like stock Christmas rally has already begun (although some would argue it never stopped). The World MSCI has now hit the highest level since March. While VIX index has declined to near historical lows (EURUSD 1 month volatility and US treasury yields are also falling last week’s spike...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, November 22nd The EUR/USD pair extends its recovery trend, as broad retreat of the US dollar remains key driving theme across the market on Wednesday...
21.11.2017 USDJPY USDJPY attempted to post a pullback following the declines from Friday. This came amid a bounce off the support level seen at 112.04. USDJPY is expected to remain range bound within the 113.00 and 112.04 levels of resistance and support...
GOLD: The commodity remains weak and vulnerable to the downside after it reversed its Friday gains on Monday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level...
There is major political crisis that is happening now in Germany. Angela Merkel, the German Chancellor is unable to build a majority within the Bundestag. The coalition that Merkel was trying to build with the liberals and the ecologists has failed...
