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Not only has Theresa May’s gambit not paid off, but her grip over the Brexit negotiations appears to have been loosened to some extent, feels René Defossez, Research Analyst at Natixis. Key Quotes “Her political future is uncertain...
EUR/USD rises towards 1.12, turns flat on the weekWith a daily gain of more than 50 pips, the EUR/USD pair was able to erase it weekly losses and is about to close the week near the 1.12 handle, for the second week in a row. As of writing, the pair is trading at 1.1197, up 0.4% on the day...
First, a review of last week’s forecast: the holiday season is approaching, which may be the cause of the diminishing stream of significant economic events...
Trend Profiteer Trade Management Software has been developed by Michael Nurok. Michael Nurok has been running his forex signals service with the name Traders Elite for many years now. He has a proven track record as a successful trader with above 80% average winrate...
New Home Sales (MoM)Link The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated...
Markets have completely priced in a 25bp rate hike by the Bank of Canada by the end of 2017 leaving room for economic disappointment. We believe it’s too early for the BoC to be thinking about higher rates. With front-end yields at the near term high, we doubt that CAD will have much more upside...
More than a week after the FOMC lifted borrowing costs in the US, financial markets - particularly the equity market - have been treading water as investors struggle to find a new driver. Both the Euro STOXX 50 and S&P 500 are about to close the week flat...
GBPUSD: The pair continues to face upside pressure but within its established range. Support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support lies at the 1.2600 level. Below here will set the stage for more weakness towards the 1.2550 level...
After the active growth and the achievement earlier this week of new one-month highs, the main US stock indexes suspended growth. The DJIA index is down for the fourth consecutive day, however, since the opening of today's trading day is trading in a narrow range near the mark of 21400.00...
On Thursday, the stock indices were trading with low volatility without a single direction and have closed mixed. The Dow Jones slipped 0.06% (21397.29), S&P 500 fell by 0.05% (2434.50), and the NASDAQ slightly gained 0.04% (6236.69). European markets have not shown uniform dynamics also...
In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth...
Estimated levels for today: Support (S1 / S2 / S3 = 1247.92 / 1246/01 / 1242.92), resistance (R1 / R2 / R3 = 1254.10 / 1256.01 / 1259.10). Key support levels (1 st from 1244.45 to 1249.80 at the end of the day, 2nd alley 1244.04 to 1247.63...
Estimated levels for today: Support (S1 / S2 / S3 = 44.88 / 60/13), resistance (R1 / R2 / R3 = 45.81 / 46.09 / 46.55). The key resistance levels (1 st from 45.66 to 45.53 at the end of the day, 2nd from 46.21 to 45.94...
EURGBP- The cross continues to retain its short term uptrend as it looks to resume upside pressure. Support lies at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break will expose the 0.8700 level. Resistance resides at the 0...
Currently, USD/JPY is trading at 111.34, down -0.04% on the day, having posted a daily high at 111.46 and low at 110.95. USD/JPY has been in a reversal of the 111.80 level from double bottom lows of 110.95...
EUR/USD broke below 1.1150 and fell to 1.1145 hitting a fresh daily low. The pair is hovering sightly below 1.1150, consolidating losses. So far today, it has moved in a range of around 25 pips. The Euro is pulling back on Thursday after it reached earlier at 1.1177, a 3-day high...
The GBP/USD pair extended previous session's retracement from levels beyond the 1.2700 handle and held weaker through early NA session on Thursday...
The US Dollar Index (DXY), which measures the buck vs. a basket of its main rivals, is trading in a tight range on Thursday, currently flat for the day in the 97.20 area...
Hello traders, Watch Gold (XAUUSD), have silently gained strength, confirmed breakout @ 1247 A rise in US interest rates may have been forgotten for a while...
