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Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, October 15th EUR/USD surges to monthly high amid downbeat US retail sales data. The retail sales MoM figure showed just 0.1% growth, while core retail sales contracted 0.3%. The PPI also declined 0.5...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition for ranging between 0.7591 resistance level and 0.6935 support level: the price is trying to cross 0.7441 resistance and 0...
The Australian dollar gained on Thursday as official data signaled a fall in unemployment, though jobs data was weaker than expected...
GOLD: With GOLD extending its strength above the 1170.03 level on Wednesday, further bullish offensive is envisaged. The commodity must continue to trade and hold above its broken resistance turned support at 1170.03 to create scope for more strength. On the downside, support comes in at the 1165...
M5 price is located above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) for ranging between the following key levels: 1.1490 key resistance level located far above 100-SMA/200-SMA in the primary bullish area of the chart, and 1...
W1 price is located to be above 200 SMA and above 100 SMA with the ranging market condition within the primary bullish: The price is on ranging between 125.85 resistance and 116,13 support levels. Symmetric triangle price pattern was formed by the price to be crossed direction...
The following are the latest technical setups for EUR/USD, GBP/USD, AUD/USD, USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish against resistance in the 1.1460 area. A move below support near 1...
In a note to clients today, Bank of America Merrill Lynch takes stock of the recent developments in GBP and look ahead to the prospects for the pound...
Ichimoku analysis. Weekly price is on bearish market condition for the ranging within 1077.19 key support level and 1170.06 key resistance level. Chinkou Span line is located below the price for the ranging bearish condition by direction. If the price breaks 1170...
The near-term outlook for the pound sterling against the euro remains biased to the downside, but the more interesting picture is viewed from a multi-year approach...
On Wednesday gold futures extended rally to hit a three-month high, after data showed retail sales in the U.S. rose less than expected in September, undermining optimism over the strength of the economy and dimming the case for higher interest rates...
W1 price is located between 200 SMA and 100 SMA with the ranging market condition within the primary bullish: The price is above 200 SMA for the bullish market condition. Symmetric triangle price pattern was formed by the price to be crossed for direction. 'Reversal' support level is 126...
The euro was higher against the greenback on Wednesday as industrial production in the euro area fell last month, however, matching analysts' expectations, official data showed earlier...
GBPUSD: GBP has revered its Tuesday losses and looks to resume its short term uptrend. On continued upside offensive it should target its nearby resistance at the 1.5400 level. On the upside, resistance resides at the 1.5450 level. Further out, resistance resides at the 1...
Central bank and sovereign wealth fund assets will decline by $1.2 trillion, or nearly 7%, by the end of 2015 as China and oil dependent states including Russia and Saudi Arabia dip into their savings amid slower growth and lower crude revenues, says UBS Group AG...
Brent oil slid further below $50 a barrel on Wednesday, falling for a third day, on worried over a supply glut and slowing demand slow, as economic growth moderates in the world's second largest oil consumer...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: is still trading with a bid tone. We prefer to remain short with plenty of chances to cover on intraday dips...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA: the price is trying to cross 54...
Westpac are backing the pound sterling to stage a recovery against Aussie dollar. Strategists at Australia’s Westpac are backing the British pound to advance against the Australian dollar...
