Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, August 11th The Australian dollar fell sharply after publication of downbeat NAB Business confidence survey. The aussie lost 0.63% declining to 0.7317...
Markets are still focused on the #Fed rate hike. #Asian shares today were declining, #oil was also sinking down prior today's API data on stocks in the #USA. Find out more by checking out the Source Link...
US Dollar - "This week docket isn’t shabby for market movers – retail sales, UofM sentiment survey, upstream inflation reports, small business optimism and a July labor conditions aggregate – but none of the offerings carry the mark of a decisive view changer...
Today #Forex #Traders are looking forward to receive the data on ZEW economic sentiment in #Germany and the #Eurozone. Expectations are rather optimistic but #Investors should not forget about one top priority factor. Find out more by checking out the Source Link...
The strategy is to BUY low and SELL high. There was a price drop in eurusd which brought the prices close to the MAs in H4 and D1. Probably, it could go even a little bit lower, but entered a BUY order with a small lot size just to convey the idea of BUY from a LOW...
CRUDE OIL: With Crude Oil putting in a temporary bottom on Monday, it faces a move higher on correction. Resistance is located at the 45.50 level where a break will expose the 46.20 level. A break below here will aim at the 47.00 level and then the 48.00 level...
Barclays is suggesting to buy USD/CHF as the most tradable pair for this week: "We think poor Swiss fundamentals continue to support CHF depreciation from still-overvalued levels...
This is busy week for euro with one high impacted news event - on Tuesday morning we will see ZEW German business confidence data which is expected to remain the same as last month’s figure: 63.9. And the figure which comes in below the expectations could prompt weakness...
This is the other interesting pair you can make money with, together with AUDCAD and NZDUSD. W1 price is on primary bullish with ranging between the levels: 2.1525 resistance level, and 1.9822 support level...
Refer to my old posts for more details on the forecast. As predicted in my previous posts, Gold and EURUSD are on their upward trend in D1. Please do remember that, i believe it as a retracement in MN and hence it could really go up in spikes...
EUR/USD: Erratic moves. Minutes before NFP the pair 30 pips to 1.0975 just to lose 100 pips just subsequently and afterward again coming back to the high 1.09's. Difficult to get the waves set up in such a situation...
GBPUSD: GBP looks to recover higher following its rejection candle print on Friday. This development leaves the immediate risk higher with its lower level charts (see 4 hourly chart) turning higher. On the downside, support lies at the 1.5450 level where a break if seen will aim at the 1...
Center of the day: "USD: Keeping September on the Table. Bullish. We stick to our bullish USD view. Late remarks from Fed Governor Lockhart propose that September is still all that much in play, and as businesses bring the timing of the first climb forward, this ought to bolster USD...
W1 price is on primary bearish with secondary bear market rally with good possibility to reversal. The price was on bearish ranging market condition and the secondary market rally just started last week only. The price is located between 0.9361 support and 0.9879 resistance levels...
Majors, USD JPY Forecast, Weekly Forex Forecasts USD/JPY pushed above the 125 line for the first time since June, but then retracted and was unchanged at the end of the week. This week has six events...
Here’s the market outlook for this week: EURUSD Dominant bias: Bearish EURUSD is now a volatile pair - characterized by serious struggles between bulls and bears in the context of a downtrend. The support line at 1.0850 was tested last week, but could not be broken...
GBP USD Forecast, Majors, Minors, Weekly Forex Forecasts GBP/USD reversed directions last week, as the pair dropped about 170 points. The pair closed the week at 1.5615. This week’s highlights are the Average Earnings Index and Claimant Count Change...
