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First, a review of last week’s forecast: - The Fed decision on a fourfold increase in the interest rate in 2017-18 continued to dominate over the pair EUR/USD, as well as the results of the German elections, not ideal for Frau Merkel...
USDCHF: With the pair rejecting higher prices to close lower the past week, more weakness is envisaged in the new week. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
USDJPY: The pair closed lower on Thursday leaving risk on further downside on the cards. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level...
he Helvetic currency has lost two figures since the start of the week going from 1.16CHF to 1.14CHF. Some Swiss economic indicators came in better. The UBS Consumption indicator has risen in August from 1.38 to 1.53...
While the German elections (still a non-issue) continues to dominate Europe conversation, events in Spain are about to heat up. Where this story takes markets, confounds and worries this strategy desk. The Catalonia referendum on Independence is plan to take place on Sunday 1st October...
As Bank of England Governor Mark Carney said in an interview with the BBC, the central bank of the UK will raise the key interest rate if the UK economy continues to move the current rate. "If the economy will move the current course, then it may be appropriate to raise rates", - said Carney...
CRUDE OIL: With the commodity bullish and resuming its broader medium term uptrend on Thursday, further strength is expected in the days ahead. On the downside, support resides at the 52.00 level where a break will expose the 51.50 level. A cut through here will set the stage for a run at the 51...
As expected, the RB of New Zealand maintained the current interest rate at the current level of 1.75%. The RBNZ meeting under the leadership of the new manager Grant Spencer took place after the general elections in New Zealand, which did not bring an obvious result...
USD/JPY The pair has stopped in the area of resistance at 113.00. It tested the highs in the area 113.25 yesterday, but it was not enough strength to close above the mentioned level, and today's attempts to breakthrough was unsuccessful...
Hello traders, I saw an opportunity at actual Resistance for USDCAD. Market participants are usually waiting at the Resistance before they sell off. That's why price would be pulled back for some corrections...
GOLD: The commodity closed lower after reversing its Monday gains on Tuesday. This saw it following through lower during early trading on Wednesday. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...
Today, the financial markets are growing dollar and the resumption of growth in US stock indices. The dollar strengthened after comments from US Federal Reserve Chairman Janet Yellen, which increased the likelihood of another increase in interest rates...
The bears appear to have loosened their grip slightly, prompting a brief consolidative mode in EUR/USD, as focus shifts towards the US durable goods release for the next push lower. EUR/USD: Eyes on Aug lows of 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, September 27th The EUR/USD pair extends its bearish trip for the third consecutive session, having already lost about 2 cents since this week highs, marked in the region of 1.1940...
The U.S. dollar strengthened against its major counterparts as comments from Federal Reserve Chair Yellen and President Trump bode well for some renewed upward momentum in the greenback...
One good tool to be paired with Fibonacci tool is the trend line analysis or trendline. As we already know, Fibonacci levels will work best when the market is trending, so it fits right...
EURUSD: With the pair weakening on Monday and following through lower during Tuesday trading session, further bearishness is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level...
Yesterday, oil prices rose sharply. According to analysts of the oil market, several factors contributed to this. The first reason is the strengthening of geopolitical tensions in the Middle East in connection with the referendum in Iraqi Kurdistan...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, September 26th The EUR/USD pair failed to keep its overnight recovery mode, as demand for the US dollar has returned to the market...
