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According to data provided by Markit today, the index of supply managers (PMI) for the UK construction sector fell in June (54.8 against 56.0 in May and 55 according to the forecast). Nevertheless, the pound reacted rather sluggishly to this data...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, July 4th The AUD/USD pair showed volatile moves this morning, refreshing its weekly lows at 0.7604, after RBA announced its decision to hold monetary policy steady...
USD/JPY The pair jumped by more than 100 pips yesterday, and now is falling. Today the pair lost 0.34% and now is trying to break below the local support of 113.00. The main reason is escape the risks after the missile tests in North Korea...
FX Strategists at UOB Group seen the next relevant level in the pair in the 114.30 area in the short term. Key Quotes “The bullish phase that started 2 weeks ago is still clearly intact as USD soared to hit a high of 113.47 yesterday”...
Analysts at Goldman Sachs see Mr. Draghi’s speech at Sintra as a broad continuation of his previous comments updated to reflect ongoing developments, rather than a sharp switch in the policy signal and as a result expects no change in policy rates or asset purchases for the remainder of 2017...
Infinity Scalper is a new forex scalping indicator that has hit the market. You can check this Infinity Scalper and see it it gives good performance or not. The problem with most indicators is that they simply don't work...
Although the XAU/USD pair was able to make a modest recovery to $1228 in the early NA session, it faced another selling pressure after the better-than-expected ISM PMI data. At the moment, the pair is trading at $1224, losing 1.4%, or $17, on the day...
The single currency is looking to rebound from session lows vs. the buck, with EUR/USD now navigating the 1.1360/70 band. EUR/USD supported around 1.1360 The pair is showing some fresh bids despite the US ISM manufacturing came in above expectations in June at 57.8 vs. 55.2 initially forecasted...
You are told that some kind of phenomenon has no explanation. Understand this as lacking the necessary knowledge from the one who tells you this. In the forex market, many experts talk about changing the trend after its change...
Tomorrow brings policy meetings from both the RBA and the Riksbank and the statements of both will be carefully evaluated for any hawkish signals, according to the analysis team at Rabobank...
The AUD/USD pair remained under some selling pressure through European trading session and dropped session low near mid-0.7600s, albeit has managed to recover few pips thereafter. Investors now seemed to have realized that the greenback selling might have been overdone in the near-term...
The global wave of populism has finally reach Japan’s shores. In an historic upset, Tokyo Governor Yuriko Koike's Tokyo Citizens First Party and its partners won a clear victory at Sunday’s Tokyo Metropolitan assembly election. The political party, practically unknown outside of Tokyo...
After a painful week, the US dollar started the week on the front foot, extending gains against most of its peers. The dollar index tumbled 2% last week amid a sharp appreciation of the single currency (+2.07%), the loonie (2.34%) and the pound (+2.41...
Pushing lower. (By Yann Quelenn ) • Crude oil is now consolidating higher since the commodity hit 11-month low towards resistance at 46.71 (12/06/2017 high). Support is given at...
Weakening. (By Yann Quelenn ) • Silver's bullish bounce quickly faded. Closest support is given at 16.29 (26/06/2017 low). Strong support is given at 16.06 (09/05/2017...
Strong bearish momentum. (By Yann Quelenn ) • Gold's is trading lower. The commodity has broken hourly support located at 1236 (26/06/2017 low). Stronger support is given at...
Recovery gains strength. (By Yann Quelenn ) • EUR/CHF's short-term bullish pressures are definitely on after clear break of downtrend channel. Hourly support is located at a distance...
Slight weakness. (By Yann Quelenn ) • EUR/GBP has broken downtrend resistance triggering a move towards 1.0987. Hourly support can be located at Support can be found...
Bullish consolidation. (By Yann Quelenn ) • EUR/JPY is now consolidating after its recent rally. Key resistance is located at 128.83 (30/06/2017). Hourly support can be found at...
