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Hello traders, I saw that GBPUSD has critical support point at 1.271x - 1.272x as beginning to sideways range or even as next key breakdown. Btw, this is not trade recommendation :) I just share it for us able to see the situation and prevent anything bad in markets. Good luck...
The coming week will be extremely light with respect to scheduled risk events. At its July meeting, UBS Chief Investment Office (CIO) expects the Bank of Canada to either hike or prepare markets for a rate hike later in the year...
Former Federal Reserve chairman William McChesney Martin once famously said that central banks should "take away the punch bowl just as the party gets going". UBS Chief Economist Paul Donovan asks if this is really happening right now...
First, a review of last week’s forecast: - EUR/USD. As a result of a powerful breakthrough in late June, the pair reached the upper boundary of the side channel in which it has been moving for more than two years since the winter of 2015. It was this that gave reason to expect the pair to fall...
Probably everyone knows that without the technical analysis on Forex it is impossible to clearly imagine where the market will now move. The automatic analysis of the situation on the market and the giving of signals about the favorable moment for entry is the dream of most traders...
USDCHF: With the pair backing off lower prices following a reversal of its intra day losses to close higher on Friday, more strength should build up. 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...
Chief FX Strategist at Scotiabank Shaun Osborne keeps the neutral stance on the Sterling in the short term horizon. Key Quotes “It’s hard to be too constructive on the pound after the relative shellacking it has taken this morning”. “We had noted support around the 1...
After fluctuating in a 30-pip range in the first thirty minutes following the release of the NFP report from the United States, the AUD/USD pair started to trade calmly around the pre-data levels. At the moment, the pair is trading at 0.7603, up 0.22% on the day...
Markets have hit a reflection point on central banks' reflation trade. Perhaps reflation is not the correct term since policy makers are not waiting for inflation to reach satisfactory levels but rather are using the solid economic outlook to unwind extreme policy measures...
The opening of the G20 meeting today will most likely be completely sidelined by financials since, as usual, no key decision will be taken there. Maybe we’ll get some action should Donald Trump make another incredible declaration that only he knows how to make...
After the National Bureau of Statistics of Great Britain presented disappointing data on the foreign trade balance of Great Britain, and also on the level of industrial production for May, the pound declined in the foreign exchange market...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, July 7th The EUR/USD pair continues to consolidate its positions above the level of 1.14, after brief upside rally, triggered by by downbeat ADP jobs data...
On Thursday, the stock indices showed a single strengthened negative dynamic and closed in the red zone. The Dow Jones fell by 0.74% (21320.04), S&P 500 down 0.94% (2409.75). The Nasdaq declined 1.00% (6089.46). European markets also traded in negative territory in a single dynamics...
After testing the 113 handle in the early NA session, the USD/JPY pair started to retrace its losses on the back of better-than-expected non-manufacturing business activity reports from the U.S. At the moment, the pair is trading at 113.25, only a few pips below its opening level...
EUR/GBP continues to move on Thursday with a bullish bias on the back of a stronger euro across the board. The pair reached at 0.8817 a fresh weekly high. Then pulled back and currently is trading slightly above 0.8800...
The wires continue to push rising geopolitical tensions and for good reason. Between the US Ambassador to the UN Nikki Haley's harsh warning to countries enabling trade with North Korea and US President Trump’s aggressive tweets against China, it feels as if rhetoric has reached a new high...
After the unstable and insignificant growth last month, US stock indices seem to change their direction of movement and unfold "to the south...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, July 6th The EUR/USD pair regained its positive tone in early Europe, leaping above the level of 1.1350, as the US dollar has stalled its recovery in the second half of this week...
Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bearish From a high of 1295...
