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In anticipation of the publication of the monthly report on the US labor market, which will be released today at 12:30 (GMT), there is a sluggish dynamics in the financial markets. Today's data may be key to the dynamics of the dollar and US stock indices...
AUD/USD The Reserve Bank of Australia lowered its forecast for on-year GDP growth by the end of 2017 to 2-3%. And although the regulator still expects the growth of 2.75-2.75% in 2018, today’s report shows how concerned it is with the dynamics of the exchange rate...
Everyone is talking about Bitcoin and Ethereum. By market cap, they have all the rights to do so. But Litecoin seems to become more attractive for businesses everyone, especially those focused on have their assets (partially) in cryptocurrency...
End of day analysis for EURUSD 04-08-2017 The EURUSD pair provided clear positive trading yesterday and attempted to breach 1.1900 level, to keep the bullish trend valid for the upcoming period, supported by the EMA50 that keeps carrying the price from below, waiting to test 1...
The EUR/GBP cross was seen consolidating previous session's strong gains to 10-month highs and oscillated within a narrow trading band just below mid-0.9000s. The cross surged through the key 0.90 psychological mark on Thursday following a dovish assessment of the BoE decision...
Dear readers, at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs, searching for the most profitable conditions to place a trade...
Analysts at Nomura noted that the market's interest in Japanese politics has risen further, with Prime Minister Abe reshuffling his cabinet this week. Key Quotes: "There were no major surprises, as he has appointed more veterans and fewer fresh faces...
The graph shows the profit that an investor could have received in the Forex market, on just one transaction during the first half 2017, having opened the position on January 1 and closed it on 30 June...
GBPUSD: The pair backed off higher prices again on Thursday to decline on bear pressure. This development leaves risk to the downside in the days ahead. Support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level...
Early this afternoon, the BoE will announce its key rate that should remain unchanged at 0.25%. Markets estimate that rates should only increase by early 2018. For the time being, the British Central Bank is largely enjoying a weak pound in the wake of the Brexit vote...
This is no news that the US dollar has had a tough year so far but the question is whether further USD weakness is sustainable. On a trade weighted basis, the greenback fell more than 8.5% since the beginning of the year...
The focus of traders today is the meeting of the Bank of England. As expected, the central bank of Great Britain will keep the key interest rate unchanged after the Bank of England lowered the rate to a record low of 0.25% one year ago...
GBP/USD According to most forecasts, today the Bank of England's Monetary Policy Committee (MPC) will lower the inflation forecast for this year and will vote in favor of maintaining rates at the current level. Most likely, MPC will not raise rates this year due to low rates of economic growth...
Forex today in Asia was mainly driven by risk-off trades, with the Asian indices tracking their Wall Street counterparts lower, while worse-than expected Australia’s trade figures combined with downbeat China’s services PMI report curb appetite for risk assets further...
MARKET UPDATES *Gold prices may shrug off the service-sector ISM survey and another round of commentary from Fed officials, waiting for Friday’s payrolls data for direction. *NZ Dollar fell with local bond yields, hinting at ebbing RBNZ rate hike outlook...
Dear readers, at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs, searching for the most profitable conditions to place a trade...
USDCAD has (finally) broken the wedge on the weekly time frame, so we can see some sort of momentum. Price has formed a bearish AB leg on the daily time frame, and there is CSI supporting trend reversal. I am now looking for price to retrace to the supply zone around the 61.8% Fibonacci level...
NZDCAD has formed a new bearish AB leg on the 4HR time frame. There is CSI confirming trend reversal and I will be looking for price to retrace to the supply zone around the 61.8% Fibonacci area where we can see a supply zone...
EURJPY is currently capped to the downside by a negative trend line. Price has currently retraced into a supply zone around the 50% Fibonacci area. Should there be candle stick information confirming a change in price direction I will sell: Entry: Market (On confirmation) Stop Loss: 150.000...
Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Price went up in July (recovering some of the losses sustained in June) to reach a high of 1270...
