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The global economy is in good shape and the CIO believes areas of weakness are not a cause for immediate concern. The CIO remains confident in the global recovery, writes Mark Haefele. Optimism about the outlook for the global economy has been relatively high...
Inflation data and central bank meetings will be the focus of next week. But we wouldn't hold our breath – the meetings in emerging market countries are unlikely to bring major changes. EURUSD bulls, like us, will be more concerned about the ECB press conference on Thursday...
To begin with, a few words about the forecast for the previous week, which ended up being almost 100% correct for EUR/USD, GBP/USD and USD/JPY. - Recall that the overwhelming majority (70%) of experts and almost 100% of indicators voted for the growth of the EUR/USD. 1...
Many forex traders underestimate successful trading on demo accounts. Unrealized profits make them think that success is a waste. Actually, trading performance in a demo account can be a barometer of beginner's progress...
The EUR/USD pair recorded a 50-pip jump in the first hour of the NA session and approached its 14-month top, which it set on Wednesday at 1.1473. While holding on to its daily gains, the pair is trading at 1.1467, up 0.6%, or 70 pips, on the day...
The demand for the shared currency remains firm at the end of the week, taking EUR/USD to the upper end of the range in the 1.1460/70 band...
Today, the main US stock indexes are traded in a narrow range in anticipation of the publication of key US inflation indicators. Investors will also closely monitor the reporting of the largest US banks. Today begins the reporting period for US banks, including Citigroup Inc., J.P...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, July 14th The EUR/USD pair remains largely flat-lined near the level of 1.14 on the final day of this week, barely benefiting from shrinking expectations of Fed aggressive tightening policy...
The EURJPY pair ends the negative fluctuation by providing clear positive close above 128.35 main support, hinting keeping the main bullish bias domination, while the price needs to surpass 129...
The EURUSD pair hovers around the EMA50 since yesterday, and we still waiting to surpass 1.1418 barrier to confirm resuming the main bullish trend, which is organized inside the bullish channel that appears on chart, as our next main targets located at 1.1565 followed by 1.1665...
The greenback, in terms of the US Dollar Index, is trading on the back footing early in the European session although it manages to keep the area around 95.50 for the time being...
Dollar trades generally weaker today except versus Yen and Canadian Dollar, where it's consolidating in oversold conditions. The greenback, nonetheless, continues to feel the weight added by dovish testimony of Fed Chair Janet Yellen...
Litecoin – despite the name “Lite”, this digital currency is far from being “Lite”, with more than $2B in market cap, rank fourth in Cryptocurrency chart by aforementioned criteria, after Bitcoin, Ethereum (being available for trading, along with Litecoin against USD and EUR) and Ripple...
In the last closed session GBPJPY has rewinded for 0,55% going over 146,00 again. For the next hours, I still prefer short setups with stop loss over 147,00...
Analysts at Nomura explained that the euro has moved a long way (nearly 6% since our entry), and they feel it is prudent to tactically book profits. Key Quotes: "Expectations for the ECB have swung from low expectations of tightening to tapering and possibly two rate hikes by the end of next year...
EUR/USD is hovering around 1.1400, marginally lower. It is falling for the second day in a row as it continues to correct lower from 1-year highs that reached on Wednesday during the Asian session at 1.1489...
USDJPY: The pair continues to retain its downside pressure on correction. On the downside, support comes in at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level...
At the 6.75 range, the USD/CNY has hit its lowest level so far in 2017, and our outlook is that it will keep falling. China’s export surplus balance is holding strong at +$42.4 billion, and its surplus to the USA grew $3 billion in June alone...
The US dollar extended losses yesterday after the Fed Chair expressed uncertainty about the effects of tightening on inflation. After retreating as much 0.80% during the day, EUR/USD bounced back to 1...
