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GBPUSD: The pair faces further move higher as it builds up on its Thursday gain. Support lies at the 1.3600 level where a break will turn attention to the 1.3550 level. Further down, support lies at the 1.3500 level. Below here will set the stage for more weakness towards the 1.3450 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, January 12th The EUR/USD pair extends its sharp bullish rally, having refreshed its 3-year highs at 1.2137 spot this morning...
While the dollar continues to scale down, the rally in the US stock market continues. On Friday, the main US indices reached new record highs, having successfully started in 2018...
As the statistical agency Eurostat reported on Thursday, industrial production in the Eurozone rose by 1.0% in November (+ 3.2% in annual terms). The forecast of economists assumed an increase of 0.6% (+ 2.9% compared to the same period of the previous year...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, January 11th The EUR/USD pair remains defensive this Thursday, having lost the most part of its recent gains...
USDJPY: The pair closed further lower on sell off on Wednesday. On the downside, support lies at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level...
Ready for a bearish breakout. • Bitcoin is suffering these past few days. The technical structure has shown a tremendous positive short-term momentum so far. Hourly support area located around 10775 (22/12/2017...
According to official data published on Wednesday, UK manufacturing production in November increased by 0.4% (forecast was + 0.3%) and by 3.5% in annual terms. Data for October were revised upwards (+ 0.3%, and not 0.1%, as previously thought...
The start 2018 should bring reassuring news for traditional economists as the strong US economy, with minimal slack will start producing steady inflation. Markets expect a strong rebound of US December core CPI of 0.3% m/m following a weak reading of 0.12% in the previous month...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, January 10th The EUR/USD pair stalled its recent retreat and now is attempting to recover positions. On Tuesday, the major currency pair met some support in the vicinity of 1...
EURUSD: The pair continues to decline extending its corrective pullback on Tuesday. On the upside, resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, January 9th The EUR/USD pair remains offered for the third consecutive session, extending its retreat from the area of its multi-year tops, located near the level of 1.2090...
Switzerland’s central bank is expecting a 2017 profit of a whopping CHF 54 billion! It follows a 2016 profit of CHF 24 billion, and comes after the bank’s 2015 decision to stop supporting the franc at CHF 1.20 per Euro...
German data tell the story: manufacturing sales increased 4.1% annually (expected 1.2%) and industrial production rose 3.4% monthly (expected 1.8%. Demand for European goods and services is and will remain strong...
With the coming of the new year, the decline in the dollar, especially noticeably observed at the end of the past year, continued. Nevertheless, the dollar is gradually beginning to win back the lost positions...
EURJPY: With the pair following through lower to decline further on Monday, more weakness is envisaged towards its key support located at 134.79. On the downside, support comes in at the 134.50 level where a break if seen will aim at the 134.00 level. A cut through here will turn focus to the 133...
Will or won’t the US Federal Reserve hike interest three times in 2018? Although this has been talked up for months now, we don’t expect a rate increase from the next meeting of the Fed’s Open Market Committee, scheduled for 31 January...
Oil prices are at a 30-month high, despite boosted US production and inventories and a drop in the US rig count. The harsh winter is playing a short-term role, but some analysts are suggesting that 2018 prices will surge past our forecast of US$ 60-65 per barrel of West Texas Intermediate...
Volatile within uptrend channel. (Yann Quelenn) • Bitcoin's bullish momentum is far fom over despite strong consolidation phase. The technical structure has shown a tremendous...
