We don’t have a specific trade call to begin the week, however we will continue to monitor news feeds and current developments for potential opportunities, and trade ideas. As always I suggest you start the week by reading my currency update to familiarize with the latest market changes...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, October 26th EUR/USD opened at 1.1005 in Asia and rose to 1.1032 to this moment. Last week, the single currency dropped to 2-month lows amid the speech of M...
The People's Bank of China has lowered the interest rate to 4.35%. Asian #stocks were supported amid this #news, as well as #gold and #oil. However, analysts say that given the speculative nature of this growth, it will not last long. Find out more by checking out the Source Link...
Talking Points: China’s fifth plenum will conclude with the government’s GDP estimate Plenum occurs after PBOC rate cut, weakest GDP print since 2008-9 crisis Markets speculate GDP prediction will give insight into PBOC policy bets Macroeconomic events affect currency valuations...
Morgan Stanley made a fundamental forecasl for this week related to EUR/USD - they estimated for this pair to be bearish trend to be continuing: "The surprisingly dovish ECB meeting has shifted our stance on EUR. By indicating that -0...
GOLD: Outlook for GOLD remains lower while the commodity holds and trades below the 1191.53 zone, its key resistance. On the downside, support comes in at the 1155.00 level where a break will turn attention to the 1140.00 level...
Here’s the market outlook for this week: EURUSD Dominant bias: Bearish After trading in a tight range from Monday to Wednesday, price broke down on Thursday with a move that was strong enough to result in a new, bearish outlook on this pair (and most other EUR pairs, too) that will continue for t...
EURUSD: A large sell-off the past week now left EUR testing its key support located at the 1.1016 level. However, this level should provide a temporary support causing a corrective recovery. But if violated, expect more weakness to occur towards the 1.0950 level...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week...
EURGBP- The cross extending its weakness the past week leaving risk of more weakness on the cards. We are however likely to see a price consolidation or even a mild recovery higher. And we think its support located at the 0.7196/70 zone will provide the platform. Support comes in at 0.7150 level...
Fundamental Forecast for Yen:Bearish Surprises from the European Central Bank help push the Yen lower versus the US Dollar Japanese Yen little-moved despite stronger-than-expected Trade Balance data For Real-Time SSI Updates and Potential Trade Setups on the Japanese Yen, sign up for DailyFX on D...
Fundamental Forecast for EURUSD: Bearish - Thursday’s ECB meeting shocked markets, sinking EUR/USD under $1.1100 by the end of the week. - The ECB’s decision provoked significant technical breaks in EUR/AUD, EUR/GBP, and EUR/USD...
The previous forecast was fulfilled (strictly speaking over-fulfilled) by 110%. First, a few words about the forecast for the previous week: - The forecast for EUR/USD can be considered not simply fulfilled, but over-fulfilled...
Next week the Federal Reserve will announce its decision on monetary policy. No change in rates is expected and the statement is likely to watch for clues about the December meeting. If no signals of a December rate hike are found, Greenback could lose momentum...
Greenback, measured by the US Dollar Index is about to post the strongest close since early August. It rose sharply for the second day in a row, accumulating a gain of 2.30%. Today it peaked at 97.23 and it about to close at 97.15...
Central banks that maintain ultrasoft policy threaten to boost asset bubbles and make it harder to respond to the next financial crisis, the 17th Geneva Report has cautioned...
Some key economic news was released last Thursday and Friday both from the ECB and the PBoC which is another sign of the woes that will drive gold prices higher against its G10 currency competitors. The following is my take on the big picture and how it will effect gold prices moving forwards...
We finished another week of intraday spread trading with excellent results that bring us back to +116 pips since the beginning of the month and +2157 pips YTD. We are below the monthly average, but the goal is to close in profit also the month of October...
USDCHF: The pair strengthened the past week taking back its three-week losses to close higher. This development has opened the door for more strength towards its key resistance at the 0.9843 level. This level if broken will set the stage for a run at the 0.9900 level...
