USDJPY: The pair halted its strength and turned lower after failing to hold above its range top at the 121.23/32 zone on Monday. This development has triggered a sell-off leaving risk of more weakness on the cards. On the upside, risk should build up towards the 121.00 level...
Trading recommendations and Technical Analysis – HERE! Overview and Dynamics Data released today showed UK GDP fell short of expectations the Bank of England. GDP growth in the third quarter slowed down to 0.5% against 0.7% in the 2nd quarter against 0.6%, as expected by the forecast...
H1 price is located below SMA with period 100 (100-SMA) and below SMA with the period 200 (200-SMA) for the ranging market condition within the following key support/resistance levels: 1...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF, EUR/CHF and AUD/USD. EUR/USD: The selloff on Thursday and Friday should generate more selling interest, but we don't see much value in being short below 1.1000...
Morgan Stanley made a fundamental forecasl for this week related to USD/CAD - they estimated for this pair to be reversed to the bearish market condition: "A more dovish BoC meeting this week opens the way for us to consider a more bearish CAD view in the fourth quarter...
On Monday the Central Committee of the Chinese Communist Party began its annual four-day meeting partly to decide upon the country's next economic "five-year plan". This time it may become the decision-making event for the Chinese history...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, October 27th NZD/USD is trading lower at 0.6776 after publication of N.Z. trade balance deficit figures, which came out in red colour...
The dynamics of #GPBUSD is limited with two converging lines, each of which gives the direction of current #trends. Meanwhile, #trend #indicators do not give a clear idea about the current #dynamics. Find out more by checking out the Source Link...
After a reversal pattern "head and shoulders" has been successfully formed, an upward #trend in #USDCAD develops its course. It is recommended to hold long positions until an upward #price #channel is relevant. And don't forget about the fundamental background...
Daily Forecasts: EURUSD (15 min. chart): EURUSD (1 hour chart): GBPUSD (15 min. chart): GBPUSD (1 hour chart...
US Dollar - "Aside from the FOMC decision, the US docket has an array of indicators set for release. The top two listings are the 3Q GDP release due Thursday and PCE deflator on Friday. Growth for the world’s largest economy can equially dictate rate expectations and investor sentiment...
#Oil is falling again. The strong pressure on #quotes still has unfavorable data on the growth of oil reserves in the USA. As a result, #WTI broke the #support #level and fell to its lowest level in nine weeks. Find out more by checking out the Source Link...
As expected, the ECB, through its president M. Draghi not parted with the idea of expanding incentives. On the probability of increased asset purchase, as well as the extension of the program of quantitative easing, according to Draghi, will be known at the December meeting of the Central Bank...
Daily price is on bullish market condition for the ranging within the following key support/resistance levels: 1191.48 key resistance level located far above Ichimoku cloud in the primary bullish area of the chart; 1098...
EURUSD: The pair halted its weakness and turned higher on Monday leaving risk of more recovery on the cards. While the 1.1016/17 level zone continues to provide support, we should see a move higher on correction. On the downside, support lies at the 1...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: The break below our initial downside targets in the 1.1085 area on increased volumes signals lower...
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that the JPY is outperforming its G4 peers with a modest 0.3% gain, rallying back to its 200 day MA after reaching a fresh two-month low...
