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There is a lot at stake today as the European Central Bank meets to revise its monetary policy. The single currency has been trading with a strong positive bias for several weeks as investors widely anticipate the end of ultra-accommodative monetary policy for the euro area. EUR/USD hit 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, July 20th The EUR/USD pair was trading back and forth so far this session in a range of 1.1500-30 as investors turn nervous ahead of key risky event of this Thursday – ECB monetary policy decision...
As expected, the Bank of Japan has upheld its monetary policy, while once again lowering the forecast for inflation. Now, the Bank of Japan expects that inflation will reach 2% around 2019 fiscal year, that is a year later than previously forecast...
AUD/USD According to a Labor market report published today in Australia, the unemployment rate in the country remained the same - 5.6%, while the economy created 14K job places. The Australian dollar quickly updated the highs in the area of 0.7990...
The USDJPY pair touched 111.65 level again and found solid support there, waiting to break this level to confirm extending the correctional bearish wave on the short term basis to head towards 110.98 level that represents the next correctional level...
The EURUSD pair begins today's trading with slight bullish bias after the decline that it witnessed yesterday, as stochastic provides positive signals on the four hours' time frame, which forms positive motive that we are waiting to assist to push the price to resume the main bullish trend, which...
Forex : suggestions for main currencies Dear readers, at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs, searching for the most profitable conditions to place a trade...
USDJPY: The pair continues to hold on to its downside pressure closing lower on Wednesday and opening the door for more declines. On the downside, support comes in at the 111.50 level where a break if seen will aim at the 111.00 level. A cut through here will turn focus to the 110...
The EUR/USD pair maintained it’s offered tone through early NA session but has still managed to hold its neck above the key 1.15 psychological mark despite upbeat US housing market data...
The precious metal is having a difficult time retracing its losses against the greenback in the NA session on Wednesday amid higher risk appetite. As of writing, the XAU/USD is trading at $1,241.45, losing 1$, or 0.08% on the day...
Gauging political risk and how it will likely impact the pound remains difficult, according to Carl Paraskevas, Research Analyst at Lloyds Bank. Key Quotes “Some have interpreted the result of the snap UK general election as positive for the British pound because it will lead to a “softer” Brexit...
Since the 2008 crisis, unemployment rate is declining and the data that will be released today will approach 5%. The metric is expected to print lower at 5.1% versus 5.2% a month earlier. The jobless rate is then declining but the proportion of unemployed person having higher education is growing...
While other major central banks have shifted bias toward tighten we don’t anticipate that the BoJ will follow...
Against the backdrop of a sharp weakening of the US dollar and again increased political uncertainty in the US, precious metals are once again rising in price. Last week, the dollar showed the strongest decline since May...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, July 19th The EUR/USD pair is correcting lower today from its 14-month highs, marked at 1.1583 level in the previous trading session...
AUD/USD Yesterday RBA released meeting minutes that changed the subjective opinion of the market regarding the future of the monetary policy in Australia and helped the Australian dollar to gain a foothold above the resistance of 0.79 and increase the chances of growth to 0.80...
Dear readers, at the end of New York market session, I analyze volatility (ATR) and direction (SMA) indicators on the majors forex pairs, searching for the most profitable conditions to place a trade...
According to analysts from Wells Fargo, the prospect of tax cuts in the wake of the Presidential election likely led investors to delay realizing capital gains at the end of 2016, affecting tax revenues...
EURUSD: The pair resumed its medium term uptrend on Tuesday leaving additional risk on the upside. Resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1...
