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The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the EUR(4X) followed by the AUD(2X) with the NZD(2X). The weaker currencies are the GBP(5X) followed by the CHF(3X...
First, a review of last week’s forecast: - EUR/USD. It was not possible to have a more or less homogeneous forecast for this pair in the previous week. Whilst most experts looked to the north, graphical analysis unambiguously pointed to the south, naming 1.1670 as the nearest support level...
EURGBP- The cross faces further consolidation with downside threats after closing on a rejection candle on Friday. Support lies at the 0.9040 level where a violation will turn focus to the 0.9000 level. A break will expose the 0.8950 level. Resistance resides at the 0...
USDJPY: With the pair selling off further on Thursday, further bearishness is likely. On the downside, support comes in at the 109.00 level where a break if seen will aim at the 108.50 level. A cut through here will turn focus to the 108.00 level and possibly lower towards the 107.50 level...
As we mentioned several times, geopolitical tensions were very calm this summer and investors were dropping gold which was very close to $1200 an ounce...
The Japanese yen has been trading on a firmer footing since the beginning of the week as the tensions between North Korea and the United States keep escalating. The Japanese currency, which is fulfilling completely its safe haven role, surged as much as 1...
EUR/USD Forex traders are waiting the inflation data in the US, which will be published today. It is expected that the growth of consumer prices accelerated from 1.6% in June (annually) to 1.8% in July. A weak inflation data may be enough to close the euro above $1...
As reported today by the International Energy Agency (IEA), the world oil supply in July increased by 520,000 barrels a day, even despite the arrangements in OPEC. Growth in the supply of oil has been observed for 3 consecutive months. The supply of oil in the world increased in July to 98...
EUR/USD Euro tested the area under the level of 1.17 yesterday. By the end of the US session it managed to return to the middle of the range 1.17-1.18, but today in Asia the euro was under pressure again. Technically the pair can adjust to the level of 1...
The New Zealand dollar already started the week on the back foot on the heel of a disappointing second quarter’s inflation figures. It was only the beginning. On Thursday, the Kiwi took another hit but from the central bank this time...
It is very likely that Banxico will maintain tonight its rate differential with the Fed. The Mexican central keeps on trying to avoid capital outflow that would result from a narrower rate differential. As a result Banxico should keep on hold its overnight rate to 7...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, August 10th The EUR/USD pair has lost its bid tone and currently is navigating to the south, extending its retreat below the level of 1.1750, as the US dollar is recovering ground across the market...
As expected, the RBNZ kept the current interest rate in New Zealand at the same level of 1.75%. The RBNZ stated that against the backdrop of "many uncertainties," monetary policy "will remain soft in the foreseeable future," but "can be adjusted accordingly...
EURUSD: The pair continues to hold on to its downside pressure closing lower on Tuesday and set to extend further decline. 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...
MQL5 is an object oriented programming language similar to C++. MQL5 is better than MQL4 when it comes to programming. The problem with MQL5 is it lacks good libraries. When I say good libraries I mean machine learning and deep learning libraries. I have an easy solution...
AUD/USD The Australian dollar suffered some losses today, falling to a three-week low. AUD/USD fell by 0.4% to the level of 0.7882. Some time before the pair reached the level of 0.7855, the minimum since July 18...
The escalation of geopolitical tensions, provoked by North Korea's threats against the United States, caused a sharp increase in demand for safe haven assets - yen, franc and precious metals...
Crypto rally is ongoing and there is no sign of slowing down anytime soon. ICOs are brewing everywhere, more and more businesses are willing to accept cryptos and people are interested to know more about it. What is/are the reason(s) behind this "madness"? Are the cryptos the new safe haven...
