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Price of gold remains above $1270. Since the start of the year, we recall that gold has gained almost 6% underlining global uncertainties. It is important to assess gold’s potential by looking at China as a significant part of the market takes place in China...
Oil prices are looking to break resistance at $55.03 making 2017 new highs. Decline oil stocks and solid growth in demand has overcome weather and geopolitical issues. Brent is now trading above $60brl and futures backwardation has invited deeper buying in the long end of the curve...
The nomination of Jerome Powell as next Federal Reserve Chairman came as no surprise. The US dollar barely reacted to the news. The US Dollar Index treaded water within its weekly range, between 94.4 and 95...
The index of supply managers (PMI) for the UK services sector in October was 55.6 (forecast was 53.4, in September PMI for the UK services sector was 53.6). Such data was presented today by the Royal Institute of Procurement and Supply in conjunction with Markit Economics...
02.11.2017 GBPUSD GBPUSD managed to hold our trading levels yesterday where managed early today to break below 1.3240 support. Market closing from BOE rate decision today, while as long as market holding trades below 1.3240-50 more drop toward 1.3100-10 zone is expected. Above 1...
That was clearly not a surprise. Fed hold rates unchanged and has hinted for a December rate hike. The key rate stays at 1% to 1.25% of the FOMC. The likelihood of a rate hike for December has now been assessed by markets above 92...
t widely expected (Rates markets are pricing in a 90% probability of a hike) the Bank of England (BoE) Monetary Policy Committee will hike policy rates 25bp after 10 years. We are expecting MPC 7-2 vote split with committee members Cunliffe and Ramsden dissenting for a no action...
Bitcoin over $7,000, Market Cap above $116 Billion. At this moment, Bitcoin Market Cap is above BP and less than 10 Billion of MasterCard. Will it stop here...
Yesterday’s trading was not to our liking with the euro and pound moving sideways within limited price ranges. We now hope for better and more profitable market conditions today as we have a big risk event coming up...
For several days in a row, the main US stock indexes are traded in a narrow range, while maintaining, in general, a positive dynamic. As it became known, on Saturday Trump stopped on the candidacy of Powell...
01.11.2017 USDJPY USDJPY managed to jump above 113.75 where we still awaiting testing 114.10-25 zone. From this zone 114.10-25 will expect market to construct another drop wave that may target 111.70-90 zone. Above 114.50 market may head for new advance that may target 115.40-50 zone...
According to statistics, more than 85% of transactions in financial markets are made with the participation of the US dollar, and about 30%, with the participation of the Euro. So, what do experts expect from the EUR/USD at the end of 2017 and in 2018...
GBPUSD: The pair looks to strengthen further higher towards it key resistance at 1.3337. Support lies at the 1.3250 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1.3150 level. Below here will set the stage for more weakness towards the 1.3100 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, November 1st The EUR/USD pair failed to sustain its bid tone, seen in early Europe, and returned to the red zone, as demand for the US dollar dominates the market today...
(01 NOVEMBER 2017)DAILY MARKET BRIEF 2:High expectations for the US ADP data before the FOMC meeting
Today we get US labor ADP data ahead of the NFP report on Friday. Bloomberg Survey indicates new jobs creation for October of 200k compared to the prior September read of 135k. The overall sentiment is positive and it has been 7 years that the data print positive...
Switzerland Manufacturing PMI came in at 62.0 from 61.7 and 0.7 higher than expectations. This continued a strong trend of economic improvement in manufacturing reaching the highest level since 2011. Last week Kof leading indicators jumped to 109.1 from 105.8...
After the publication of data on the New Zealand labor market for the 3rd quarter, the New Zealand currency sharply increased in price during today's Asian session...
31.10.2017 GBPUSD GBPUSD still looking to test resistance trend aroun 1.3250-60 zone. As long as market holding below this resistance another drop wave will be expected toward 1.3040-60 zone. Above 1.3335 market may enter a new uptrend wave that may target 1.3500 zone...
CRUDE OIL: The commodity may be hesitating but it retains its broader medium term uptrend. On the downside, support resides at the 53.50 level where a break will expose the 53.00 level. A cut through here will set the stage for a run at the 52.50 level. Further down, support resides at the 52...
