Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, May 2nd The EUR/USD pair prolongs its positive trend since the beginning of this week, mainly being supported by ongoing talks about upcoming French election, that are scheduled on this weekend...
According to the data published on Friday from the American oil service company Baker Hughes, the number of oil drilling rigs in the US increased by 9 units to 697 units last week...
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Bank of America Merrill Lynch FX Strategy Research argues that GBP still faces some near-term headwinds which should keep GBP/USD capped below $1.30 in the very near-term. "UK elections; momentum/positioning and seasonality all pose risks...
Consolidating below 50. • Crude oil is trading mixed, breaking the support at 50.71, yet now has paused. Support now lies at 48.87 (25/04/2017 low). Resistance for a short-term bounce can be found at 50.71 (old...
Continued weakness. • Silver has broken strong support at 18.16 (rising trendline) indicating further downside risk. Strong support is given far away at 16.82 (15/03/2017 low). Strong resistance is given at a...
Moving sideways. • Gold is consolidating around 1265 after the yellow metal has faded near the hourly resistance at 1295 (18/04/2017 high). Support can be located at 1261 (intraday low). The road is...
Bouncing on and off. • EUR/CHF is back lower. Despite the sharp increase and the recent bullish breakout which is very likely psychological, we believe that the medium-term pattern suggests us to see at...
Selling pressures. • EUR/GBP keeps on pushing lower. The technical structure is negative as long as the resistance at 0.8596 holds. Expected to show continued weakness until resistance given at...
Stalling below 120.00. • EUR/JPY's buying pressures are there. Key resistance area is given around 122.00 and stronger resistance stands at 123.31 (27/01/0217 high). Major support is given at 114.90...
Ready for another leg higher. • AUD/USD is consolidating after the break of support at 0.7473 (12/04/2017 low). As long as prices remain below the resistance at 0.7608 (17/04/2017 high), the short-term technical...
Strong buying pressures. • USD/CAD has broken key resistance given at 1.3599 (28/12/206 high). The pair keeps on pushing higher. Hourly support can be found at 1.3411 (24/04/2017 high) then 1.3353 (20/01/2017...
Growing demand. • USD/CHF has ended its consolidation above 0.9900. The volatility is getting higher. The shortterm technical structure is turning positive as long as prices remain below the hourly resistance at 1.0171 (07/03/2017). Monitor strong...
Testing 112.20. • USD/JPY is consolidating. Strong resistance can be found at 112.20 (31/03/2017 high). Closest support can be located at 108.13 (17/04/2017 low). Other key supports lie at a...
Ready to target 1.3000. • GBP/USD keeps pushing higher. Resistance at 1.2905 (18/04/2017 low) has been broken. The pair has exited the short-term bearish momentum. Hourly support can be found at...
Consolidating. • EUR/USD is trading sideways. Hourly support is given at 1.0852 (27/04/2017 low) then 1.0682 (21/04/2017 base). Stronger support can be found at 1.0494 (22/02/2017 low). Hourly...
After all of the excitement from the French election, Donald Trump’s “big” tax reform announcement and the prospect of another U.S. government shutdown, there was very little consistency in the performance of the dollar...
AS publihed yesterday AUDUSD hit the first target. Next targets are possible to be reached today. Click for more details...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish Last week opened with a massive gap-up that also affected other EUR pairs. Price reached the resistance line at 1.0950 then consolidated until the end of the week...
