Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, July 6th The EUR/USD pair regained its positive tone in early Europe, leaping above the level of 1.1350, as the US dollar has stalled its recovery in the second half of this week...
93.75% Probability That EURUSD Will Close Downside in July2017 I think EURUSD is getting ready to move in a low volatility ranging area then to change its direction to the downside because: USD is 1.25% interest rate while EUR is Zero. Negative Divergence between momentum oscillators and EURUSD...
GOLD: The commodity has halted its weakness and triggered a recovery higher as it lookd for more correction. On the downside, support comes in at the 1,215.00 level where a break will turn attention to the 1,210.00 level...
This week, investors will closely monitor the publication of a number of important macroeconomic data...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, July 5th The EUR/USD pair regained its positive tone in Asia, as traders remain cautious ahead the key risky event of this Wednesday...
The services sector activity in the UK economy extended deterioration for the second straight month, posting a slightly bigger-than expected drop in the month of June, a fresh report from Markit Economics showed on Wednesday. The services PMI slumped to 53.4 in June versus a 53...
Although the EUR/USD pair remained stuck in a tight 40-pip range on Tuesday, it is looking to close the third day in a row with losses. As of writing, the pair is trading at 1.1350, down 0.14% on the day...
Currently, USD/JPY is trading at 113.19, down -0.18% on the day, having posted a daily high at 113.47 and low at 112.74. Bulls were capped just below where offers were sited at 113.50 and N.Korea said that their first intercontinental ballistic missile test was successful. Gold inched up as N...
AUD/USD is consolidating post RBA losses as it remains unable to rally above 0.7600. Recently it climbed to 0.7615 but lost strength. Currently, it trades at 0.7605, 80 pips below Asian session highs...
Currently, EUR/GBP is trading at 0.8784, down 0.00% on the day, having posted a daily high at 0.8793 and low at 0.8764. On the grander scale of the charts, EUR/GBP is weakening within its consolidation of the daily sticks rally from last summers' rally to 0.9229 from just below 0.76 the figure...
EURUSD: The pair closed lower on Monday opening the door for more weakness in the days ahead. Resistance comes in at 1.1400 level with a cut through here opening the door for more upside towards the 1.1450 level. Further up, resistance lies at the 1.1500 level where a break will expose the 1...
According to data provided by Markit today, the index of supply managers (PMI) for the UK construction sector fell in June (54.8 against 56.0 in May and 55 according to the forecast). Nevertheless, the pound reacted rather sluggishly to this data...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, July 4th The AUD/USD pair showed volatile moves this morning, refreshing its weekly lows at 0.7604, after RBA announced its decision to hold monetary policy steady...
USD/JPY The pair jumped by more than 100 pips yesterday, and now is falling. Today the pair lost 0.34% and now is trying to break below the local support of 113.00. The main reason is escape the risks after the missile tests in North Korea...
FX Strategists at UOB Group seen the next relevant level in the pair in the 114.30 area in the short term. Key Quotes “The bullish phase that started 2 weeks ago is still clearly intact as USD soared to hit a high of 113.47 yesterday”...
Analysts at Goldman Sachs see Mr. Draghi’s speech at Sintra as a broad continuation of his previous comments updated to reflect ongoing developments, rather than a sharp switch in the policy signal and as a result expects no change in policy rates or asset purchases for the remainder of 2017...
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