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Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, October 31st The EUR/USD pair lost its yesterday’s recovery trend and now is trying to consolidate its positions in the region of 1.1640, as investors remain in anticipation of flash EU CPI and GDP figures...
As was widely expected the BoJ held its policy strategy unchanged. The vote was 8-1 with the lone dissenter (policy board member Goushi Kataoka) voting for additional easing measures such as examining 10 year 0.0% and 15 year 0.20% yield targets...
The Swiss National Bank published interim results for the first three quarters of the year. After mixed mid-year results - the SNB reported an interim profit of CHF 1.2 billion - the last update brought the smile back to the SNB and all Swiss cantons...
Today, the Bank of Japan has decided not to change the current monetary policy and to maintain the key rate on deposits - at the level of -0.1%. The yen reacted quite restrainedly to this decision, which was, in general, the expected investors...
30.10.2017 EURUSD Euro managed to head for rebound correction before testing support 1.1550. Market now facing resistance at 1.1645 and 1.1675 which may push market again for another drop toward 1.1575-85 zone. Above 1.1675 more advance to test 1...
GBPUSD: The pair was seen triggering a recovery during early trading today following its price rejection on Friday. This leaves the pair targeting more strength in the days ahead possibly towards the 1.3278 zone. On the downside, support lies at the 1...
The WTI crude oil price has broken its resistance area around 53$. The commodity is now trading above $54. This increase appears after the World Bank, in its last report, is predicting an increase in price for 2018. The World Bank target is $56 for next year...
After hitting 1.1711 against the Swiss franc, its highest level since the SNB removed the 1.20 floor, EUR/CHF started to reverse gains in the wake of last Thursday’s ECB meeting...
Monitoring all-time high. (By Yann Quelenn ) • Bitcoin remains weak as long as prices remains below the key resistance at 6063. Strong support stands very far at 2975 (22/08/2017 low). However...
Pushing towards key resistance. (By Yann Quelenn ) • Crude oil is consolidating within range defined by support at 50.43 and the strong resistance lies at 52.86 (28/09/2017). Expected to show...
Continued decline. (By Yann Quelenn ) • Silver is again grinding lower. Hourly support can be founds at 16.88. Hourly resistance is given at 17.46 (13/10/2017 high). Additional support...
Riding lower. (By Yann Quelenn ) • Gold remains weak. The technical structure confirms an underlying bearish trend. Strong support lies at a distance at 1204 (10/07/2017...
Back within former uptrend channel. (By Yann Quelenn ) • EUR/CHF is back within former uptrend channel. Support is given at 1.1610 (intraday low). Rising channel suggests further bullish...
Monitoring support area. (By Yann Quelenn ) • EUR/GBP is showing increasing short-term buying interest near the weak support at 0.8899 (19/09/2017 low). However, as long as prices are...
Continued weakness (By Yann Quelenn ) • AUD/USD has weakened. The pair has broken support at 0.7733 (06/10/2017 low) Hourly resistance is given at 0.7897 (13/10/2017 high...
Surging. (By Yann Quelenn ) • USD/CAD has broken resistance at 1.2778 (15/08/2017 high). This suggests an extension of bullish momentum. Hourly support lies at 1.2331...
Bullish breakout. (By Yann Quelenn ) • USD/CHF is clearly in a strong bullish momentum. The technical structure suggests an improving short-term buying interest. Expected...
Heading higher. (By Yann Quelenn ) • USD/JPY has bounced back lower after reaching after setting a new hourly resistance at 114.24 (25/10/2017 high). Next key resistance can...
Pushing lower. (By Yann Quelenn ) • GBP/USD has successfully broken support at 1.3088 (12/10/2017 low). Resistance lies at (1.3229 reaction high) bouncing towards 1.3027...
