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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...
The U.K. manufacturing industry has seen a grinding fall in export growth and confidence as problems in the global economy hurt demand...
On Tuesday Asian shares broadly recovered led by the Australian market which rose after six straight days of losses...
EURUSD (Daily chart): EURUSD (4 hour chart): EURUSD (1 hour chart): EURUSD (15 min. chart): GBPUSD (Daily chart...
USD/CAD: bullish. This pair is on bullish market condition with the secondary ranging which was started in the end of Septermebr this year: the price was bounced off 1.3353 resistance level and 1.3456 key resistance level. If the price breaks key resistance at 1...
Gold prices were slightly higher on Tuesday after hitting four-week lows on Monday which deepened a bearish sentiment towards the metal...
Credit Suisse adviced to sell EUR/USD this week based on the following fundamental factors: "The monetary policy divergence has re-emerged, in our view...
In a statement accompanying a third quarter net profit, Swiss bank UBS warned that many global economic challenges remain unlikely to be resolved for the foreseeable future...
The main driving force among the major global currencies at present continues to be the divergence in monetary policy stances between the European Central Bank and the Federal Reserve. European Central Bank (ECB) The ECB will soon be expanding its large-scale quantitative easing programme...
W1 price is on primary bearish with secondary ranging within the following key support/resistance levels: 0.6896 resistance level, and 0.6235 support level. Absolute Strength indicator and Trend Strength indicator are estimating the bear market rally to be started...
GBPUSD: Having GBP capped its intra day gains at the 1.5505/07 zone to close lower on a rejection candle on Monday, risk of a follow through lower continues to build. On the downside, support lies at the 1.5350 level with a break of here turning attention to the 1.5300 level...
Deutsche Bank adviced to sell EUR/GBP this week based on some fundamental weekly forecast: "It’s a big week for sterling followed by the BoE’s QIR on Thursday...
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: We prefer to fade upticks against resistance in the 1.1100 area. A move below 1...
Here’s the market outlook for this week: EURUSD Dominant bias: Bearish This pair moved sideways during the first few days of last week, and then price broke down again on October 28 to reach the support line at 1.0900...
Analysts at ANZ explained that China’s official manufacturing PMI was unchanged at 49.8 in October (mkt: 50.0). Key Quotes: "It appears that the manufacturing activity is stabilising, albeit still in contractionary territory. The indicator has remained below 50 for three straight months...
EUR/GBP declines over recent weeks appear to have been temporarily stalled in the face of a bullish development. The MACD line is tracing higher lows, when compared to recent sessions...
The most recent calls from the European Central Bank and its peer U.S. Federal Reserve witness the central banks' monetary policies are diverging...
AUDUSD has settled into a period of consolidation after yesterday's activity in Asia with a bid on the back of better than expected Chinese Caixan manufacturing PMI's for September at 48.3 vs 47.5 consensus and 47.2 previous...
