US DOLLAR TECHNICAL ANALYSIS Prices areaccelerating upward anew, with prices on pace to challenge monthly highs. Near-term resistance is at 12018, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 12067...
What are the basic differences between the G7 and their rival group BRICS? Why does the "club of the mature" hardly need to include China? Deutsche Welle's columnist Frank Sieren reflects upon these questions shedding light on what role Russia played in underlining the differences...
The road back for the US Federal Reserve to ‘normal’ interest rates, inflation and economic growth is uncertain...
The Office of Financial Research - the U.S. institution that watches risks in the financial sector in the wake of the Great Recession - said it still does not understand why there has been an increasing number of sharp selloffs in the U.S. and European bond markets...
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According to Westpac: "Friday’s EUR/USD close completed a bearish 3 day pattern, confirming the end of the recent upward correction." German 10-year yield ended only slightly higher on Friday despite more notable post-employment report, notes BNP Paribas...
"The AUD/USD has been on a wild ride of late, rallying to a high of 0.8164 on 14 May, only to plunge to below 0.76 on 1 June before settling near 0.77 in front of Friday’s US payrolls report...
USDCAD: With the pair closing lower on a rejection candle the past week, risk of further downside press sure is expected. On the upside, resistance is seen at the 1.2500 level followed by the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower may occur...
England will take a 30% stake in Royal Mail LONDON. The British government said it would sell a 30% residual stake in Royal Mail Plc. Of the action, the British Government is targeting to obtain fresh funds amounting to £ 1.5 billion, equivalent to US $ 2.3 billion...
EURUSD traded at 1.1220 right before the employment report on Friday. It is back at that level and in fact now breaking to new day highs. The NY session has seen the price extend above the the London morning high at 1.1177. The buyers remain in control with potential up to 1...
By Tyler Durden of Zero Hedge It appears - as opposed to what the world's asset-gathering commission-takers would have one believe - that huge illiquid spikes in bond markets are not good for stocks...
GREEK ECONOMY There was no cash, Greece delay pay debts IMF ATHENA. Greece is really in need of fresh funds! Countries with a sizeable debt have been delaying payment of their debts to the International Monetary Fund (IMF). This underscores the urgency of the financial situation of Greece...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 0.7552 support level and 0.8158 resistance level: The price is ranging between ranging between 0.8158 and 0.7552 levels; The price broke trendline and 61.8% Fibo level at 0...
In the analysis of price movements, forex traders usually use 2 types of analysis. Those who only concentrate on the flow chart prices in motion and ignore other factors are those who work on the basis of technical analysis, usually called the chartist or technician...
According to leading indicators released Monday by the Organization for Economic Cooperation and Development, which is based in Paris, the U.S. economy may not recover strongly from its first-quarter poor performance, while Russia's economic stagnation may be coming to an end...
Daily price is on primary bullish with the secondary correction which just started on D1 bar on Friday. The price is located above Ichimoku cloud/kumo, and Chinkou Span line is crossing the price from above to below for good possible breakdown...
W1 price is on primary bearish with secondary ranging market condition: 200 period SMA and 100 period SMA are located above the price for bearish and moving in almost horizontal way for ranging between 1.4550 support level and 1.5819 resistance level: The price is ranging between between 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 8th The U...
