The dollar gathered momentum and dragged EUR/USD to fresh lows sub-1.0950 despite the latest string of US data came in the soft side. US factory orders fell 1.0% in September against a decrease of 0.9% expected, while prior months’ were revised down to -2.1% from -1.9...
The slide in the GBP/USD stalled, making way for a minor correction after the US reported a drop in its factory orders in October, along with a fall in IBD/TIPP economic optimism index. Back above hourly 100-MA The spot is now back above its hourly 100-MA at 1...
The greenback keeps the upbeat tone vs. the Japanese currency on Tuesday, nw sending USD/JPY to session tops in the boundaries of 121.20...
With the US Federal Reserve much more hawkish than expected, this week looks to be a further round of musical chairs as investors figure out where each central bank stands - ahead of the Fed, or dovishly far behind it. Expect volatilty in gold, and in AUD this week. Will prices of gold rise...
EUR/CHF sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line. On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions...
prices in EUR terms are trading around the previous session’s low of EUR 1026.13, but stay relatively resilient compared to Gold (USD) on account of a drop in the EUR/USD pair...
Senior Analyst at Danske Bank Signe Roed-Frederiksen has assessed the recent figures from the key indicator in the US economy. Key Quotes “The US manufacturing ISM for October declined to 50.1 from 50.2 (consensus expectations 50.0, Danske Bank 49...
Oil prices rallied despite the broad based USD strength ahead of the weekly supply data in the US. At the time of writing, the Brent futures were up 77 cents or 1.5% higher at USD 49.56/barrel, while WTI futures were up 95 cents or 2% at USD 47.09/barrel. The USD index rose 0...
An order to buy from 1.5346 in #GPBUSD may be closed soon - at the moment the value of the closing price of the current bar is located below the red Alligator's line. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
A floating profit on a short position in #Gold continues to grow. The red Alligator's line has moved to 1143.83, which increases chances for #profit. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
US Dollar - "The ECB and PBoC have vowed more easing while the RBA and RBNZ have warned more rate cuts may be appropriate. One of the top spring boards to this point, the BoJ seems a bit winded on QE...
Trading recommendations and Technical Analysis – HERE! Released yesterday, the business activity index of purchasing managers (PMI) in the manufacturing sector by Markit Economics in the UK in October, was higher than forecast (55.5 instead of the 51.3 forecast and 51.5 in September...
ECB President Mario Draghi reiterated in his recent speeches the lender was judging the necessity for more monetary stimulus and was prepared for a movement at its December meeting. It would have been better if Mario acted two weeks ago, though, David Shipley of Bloomberg View writes...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and USD/CAD. EUR/USD: We don't think there is any rush to get involved in the pair, as the market seems to be waiting for US payrolls on Friday...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier. It is recommended to read the page Currency score explained and Models in practice for a better understanding of the article...
When looking at the Top 10 in the Monthly Ranking and Rating list we can see that for the coming month the following stronger currencies are well represented for going long: USD(3X) with the GBP(3X) followed by the NZD(2X...
USD/JPY: ranging around reversal level. This pair is on bullish market condition for the ranging within the following key levels: 125.85 key resistance level located far above Ichimoku cloud in the bullish area of the chart, and 118...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, November 3rd AUD/USD rises to one-week highs after the Reserve Bank of Australia left interest rates on hold and signaled the possibility of further rate cuts in the future...
