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Investors are bracing for an event heavy day. The highlight will clearly be the European central banks. However, the substantives information on monetary policy strategy path from this meeting is unlikely. We had originally penciled in a comments outlining the path towards normalization...
According to the data published on Thursday, the growth of the Eurozone economy in the second quarter (in annual terms) was 2.3% (the forecast was + 2.2%). The data show that the economy of the Eurozone grew faster than in early 2017...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, September 7th The EUR/USD pair came out of its overnight phase of consolidation to the upside, having refreshed its daily tops at 1...
EURUSD: With the pair continuing to retain its downside pressure on correction, more weakness is likely despite present price hesitation. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1...
Watch CAD on BoC meeting today At today’s Bank of Canada monetary policy meeting we now expected a 25bp hike. The Canadian economy has accelerated for multiple quarters and expectations for rapid rise in inflation will persuade the bank to act now...
The Australian dollar took a hit overnight amid disappointing growth figures. The GDP grew 1.8%y/y, slightly below the 1.9% expected by most economists. On a quarter-over-quarter basis the economy grew 0.8% compared to 0.9% medina forecast...
Received yesterday, during the US trading session, weak macro data on the US contributed to a sharp intraday decline in major US stock indexes. The US Department of Commerce on Tuesday reported that production orders in July fell 3.3% compared to June, while orders for durable goods fell by 6...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, September 6th The EUR/USD pair shows subdued trading activity at the middle of this week, consolidation its positions in the 1.1920-30 tight range...
USD/JPY Yesterday the pair closed at the level of 108.80 - it is the minimum of the end of April 2017. The pair tested the level of 108.49 today. Any events at the European session today, so the dynamics of the pair will be determined by a subjective perception...
Candlestick patterns are important trend reversal and trend continuation signals. But most of the time you will find these candlestick patterns to be vague and imprecise. What if we can somehow combine these candlestick patterns with machine learning and AI...
Dear Subscribers. I am always as honest as possible. Unsuccessful months are also there. This is the market. This is Forex. Monthly report (August 2017) my signal "SFE Price Action Roboforex": Growth: -15.65% Net profit: -$1581.36...
CRUDE OIL: The commodity has extended its bull pressure as it looks to build up on it further. On the downside, support resides at the 47.50 level where a break will expose the 47.00 level. A cut through here will set the stage for a run at the 46.50 level. Further down, support resides at the 46...
After yesterday, marked by sluggish dynamics and low volumes, today we see an increase in volatility and the resumption of a decline in the US dollar. The continuing tension in the Asia-Pacific region continues to stimulate purchases of assets-shelters, such as gold, yen, and franc...
Given the solid pick up in the Canadian economy the likelihood that the Bank of Canada rises interest rates by 25bp Sept 6th policy meeting has increase significantly. Exemplified by the strong 2Q GDP report, which indicated at 4.5% growth rate, the economy has expanded past the BoC projections...
As widely anticipated the Reserve Bank of Australia left the cash rate target unchanged at record low 1.50%. As usual the statement was quite balanced as Philip Lowe wants definitely to avoid fuelling further Aussie appreciation...
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USD/CHF The pair reached the local support in the area of 0.9550. Technically, a confident breakthrough below will speed up the sale, however in the long term the main support is at the level of 0.9450. USD/JPY The pair fell to 109.30 today and may move beyond the level of 109.00...
