Euro paused to digest gains having reversed upward as expected against the US Dollar following two days of aggressive gains. Near-term resistance is at 1.1320, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the 61.8% level at 1.1439...
Goldman Sachs: The employment components of various manufacturing surveys have been weak (Dallas Fed manufacturing survey, Chicago PMI & the ISM services report) Mining sector job losses may persist and continue to be a drag GS say that the consensus forecast has overestimated jobs growth in...
"With unwavering consistency, the consensus continues to look for the CHF to weaken against the EUR, and with unwavering consistency, they are likely to be wrong again." "The specious logic of the bears is appealing...
According to Bloomberg: Economists forecast that the economy added 226,000 jobs in May, down from 223,000 in April, and unemployment rate is expected to stay unchanged at 5.4...
The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 50% Fibonacci expansion at 1.1320 exposes the 61.8% level at 1.1439. Alternatively, a turn below the 38.2% Fib at 1.1202 opens the door for a challenge of the 1...
Analysts at Goldman Sachs are telling clients to look for the Federal Reserve to raise interest rates above the current level of 0% in mid-September. However, in an email authored by Chief Economist Jan Hatzius, this forecast for rising interest rates to begin in September remains “a close call...
The euro rises followed volatile session when the single currency climbed more than 2 per cent against the dollar which was one of its biggest daily rises in more than three years...
Europe's political leaders, central bankers and Greek politicians agree on only one thing: if Greece goes down, they don't want their fingerprints on the murder weapon. Athens ran out of cash a long time ago and is technically bankrupt in all but name...
2015-06-02 05:30 GMT (or 07:30 MQ MT5 time) | [AUD - Cash Rate] past data is 2.00% forecast data is 2.00% actual data is 2.00% according to the latest press release if actual > forecast (or previous data) = good for currency (for AUD in our case...
Cleaner positioning. "Equally, positioning metrics suggest that dollar longs have being pared back. A regression of currency manager index returns against the DXY now points to flat positioning, while the IMM shows a greater than 50% paring back in dollar longs," Deutsche Bank notes...
2015-05-29 02:00 GMT (or 04:00 MQ MT5 time) | [NZD - NBNZ Business Confidence] past data is 30.2 forecast data is n/a actual data is 15.7 according to the latest press release if actual > forecast (or previous data) = good for currency (for NZD in our case...
2015-05-28 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims] past data is 275K forecast data is 271K actual data is 282K according to the latest press release if actual < forecast (or previous data) = good for currency (for USD in our case...
2015-05-28 02:30 GMT (or 04:30 MQ MT5 time) | [AUD - Private Capital Expenditure] past data is -1.7% forecast data is -2.3% actual data is -4.4% according to the latest press release if actual > forecast (or previous data) = good for currency (for AUD in our case...
The strong selloff in EURUSD since the start of last week suggests that the long-term downtrend may be resuming after a sub-50% retracement in April and early May. Friday's big Bearish Engulfing Candle, along with the break back below key previous-resistance-turned-support at 1...
2015-05-27 15:00 GMT (or 17:00 MQ MT5 time) | [CAD - Overnight Rate] past data is 0.75% forecast data is 0.75% actual data is 0.75% according to the latest press release if actual > forecast (or previous data) = good for currency (for CAD in our case...
H4 price is located on primary bullish market condition for trying to break resistance level for the bullish to be continuing...
H4 price is on primary bearish market condition with secondary ranging between 1.0884 support and 1.1007 resistance levels. Chinkou Span line is located too far for any good possible breakout/breakdown today...
US Dollar - "In the week ahead, there are plenty of indicators and Fed speeches on the docket. Yet, few of them really hit the high-profile level that we would expect to single-handedly benchmark the timing for the first rate hike...
| WRITTEN BY ANAT DROR | The US dollar made a comeback and the greenback was a big loser in a week that saw trends change. And now, US Durable Goods Orders, Consumer Confidence as well as UK, Canadian and US GDP data stand out. These are the highlight events in FOREX CALENDAR...
Do you remember early 2014 when every Wall Street analyst and economist said that T-bonds would be the worst investment for the year and people should sell them? As it turned out, for the 13 months ending January 31, 2015 T-bonds had the best performance of almost any investment sector...