Failure is another opportunity to start everything first. But start with a lot of experience and wisdom. A failed transaction when trading in the financial market is also a signal. A signal that points to the need to take everything under tight control...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex...
EURUSD: The pair closed higher on a rally the past week leaving risk of price extension on the cards. Resistance comes in at 1.1500 level with a cut through here opening the door for more upside towards the 1.1550 level. Further up, resistance lies at the 1...
To begin with, a few words about the forecast for the previous week, which was a week full of speeches by senior Central Bankers globally. Forex trends were influenced by the ECB head Mario Draghi, as well as his colleagues from the Bank of England Mark Carney and Bank of Japan Haruhiko Kuroda...
EURGBP- The cross closed lower the past week after rejecting higher prices. This development now leaves risk lower as we enter a new week. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Resistance resides at the 0...
USD/CHF moved to the upside during the American session amid a decline of the Swiss franc across the board. The pair climbed to 0.9597, hitting a fresh highs while other crosses of the forex market remained sideways, in minor ranges...
Although the earlier data from the euro area showed that the inflation increased more than expected in June (1.3% vs. 1.2% YoY), the shared currency struggled to gather further strength against the USD. As we approach the end of the last trading day of June, the EUR/USD pair is trading at 1...
The shared currency stays within the daily range following releases in the US docket, with EUR/USD navigating around the 1.1400 handle. EUR/USD upside still capped near 1.1450 The pair keeps the daily correction lower unchanged after US personal income expanded more than expected in May, up 0...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, June 30th The EUR/USD pair broke out of its consolidation phase to the downside in early Europe, stepping away from the region of its 14-month highs, marked yesterday at 1.1445 level...
Oil prices continue to recover. The rise of the last days has become the longest since April. The price of Brent crude is growing for the seventh consecutive session. Prices received additional support from data on the reduction of oil production in the US last week by 100,000 barrels per day...
Currently, USD/CHF is trading at 0.9563, down -0.33% on the day, having posted a daily high at 0.9601 and low at 0.9558. USD/CHF is down to test a key support area in a continuation of the broader bearish trend from the 1.0340's and a weekly double top area...
Hello traders, Currently GBPUSD is in momentum ahead of the 2nd stage breakout, and vice versa will enter a period of consolidation. This image has thousands of words better than my explanation, and people who understand to work with : Support, Resistance and...
USDJPY: The pair continues to press higher as it saw price extension during Thursday trading today. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110...
The upside momentum around the single currency now seems to have lost some vigour, prompting EUR/USD to slip back to the 1.1400 neighbourhood...
GBP/USD The British pound is growing today. The currency rose in price by 0.4%. The local resistance 1.30 is already seen, followed by May highs at 1.3040. Macroeconomic calendar for the UK is empty today, so we focus on the dollar...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 29th Seems that the Euro bulls took a breather in mid-Asia after enormous rally, which pushed the EUR/USD pair to refresh its 2017 tops at 1.1419 level...
American stock indexes retain a positive trend against the backdrop of sales of government bonds. The yield of 10-year US government bonds, according to Tradeweb, rose on Wednesday to 2.223% from 2.198% on Tuesday. Investors remain confident that US economic growth is strong enough...
It is a time of good cheer for central bankers suggests Sean Callow, Research Analyst at Westpac, with positive growth outlook coming from most of them. Key Quotes “The RBA has had a bullish view on Australian growth for many months...
The bid tone around the single currency stays on the rise in the second half of the week, now lifting EUR/USD to fresh YTD tops in the 1.1430 region...
