Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, May 31st EUR/USD is losing its positions, down from 1.1150 level on the back of weak German retail sales. Today Eurozone will publish Consumer prices that expectedly will show 0.1% dip on a yearly basis...
EUR/USD Forecast: Consolidating at Lows ahead of US Data After a long weekend, volatility picked up in Asia, although the EUR/USD pair remains quietly consolidating within its latest range, a handful of pips above the 1.1100 figure...
USD/JPY Swings Back Above 111 on Sales-Tax News-Led Uncertainty Fresh selling seen in the Japanese currency over the last hour, lifted USD/JPY back on the bids above 111 handle, while markets now await the US economic data for further incentives. USD/JPY finds support above daily pivot at 110...
EUR/USD Depressed Near 1.1130 on CPI The shared currency keeps the negative territory on Tuesday, taking EUR/USD to the 1.1130/20 band...
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FxWirePro: BTC/USD Faces Strong Resistance at $550 , Good to Buy at Dips BTC/USD has declined after making a high of $540. It is currently trading around $530. Short term trend is bullish as long as support $470 (resistance turned into support) holds...
GBP/JPY Reverses a Dip to 161.60, Back Above 162 The cross in the GBP/JPY traded volatile this Tuesday, swinging both sides in extreme ranges, before finally stabilizing in the red above 162 handle. GBP/JPY on a see-saw ride Currently, GBP/JPY trades -0.31% to 162...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 31st, 2016 EURUSD, "Euro vs US Dollar" Being under pressure, Eurodollar is falling. We think, today the price may reach 1.1085 and then form another ascending structure with the target at 1.1263...
GBP/USD Turns Volatile, Drops to 1.4568 and Returns to 1.4600 Handle The GBP/SUD pair erased all of the latest 'Brexit' poll result gains to 1.4724 and dropped sharply below 1.4600 handle to 1.4568 and is currently trading off session low at 1.4600...
USD/CAD Off-Highs, Around 1.3060 Ahead of Canadian GDP The US dollar keeps the upper edge against its Canadian counterpart for the third straight session, now pushing USD/CAD back towards 1.3050 level. USD/CAD trades below 10-DMA at 1.3068 Currently, the USD/CAD pair jumps +0.11% to 1...
Japanese Stocks Closed Purely Green European shares posted major gains European stocks rallied on Friday in vigorous volumes, extending their new-year gains amid expectations of a pick of a rate hike from the US Federal Reserve at either its June or July meeting...
Euro Breaks Through Trend Line Yesterday's Trading: On Monday the euro/dollar spent the evening in a sideways after reaching 1.1144. This was due to low activity due to it being a day off in the US...
USD: Currency Index & Volatility Relative Currency Strength The British pound retained the leading position for the second week in a row. Nevertheless, the gap between the pound and its peers has narrowed, and GBP Index showed only a 1.38% gain...
Daily Forex Fundamental Overview Fundamental Analysis EUR "We have shown in the past that we can be very creative within our mandate. When people ask: "Are you ready for a new shock?", I always answer: trust us, we always find the means within the scope of our mandate". - Peter Praet, ECB...
Oil Stuck Below $50.00 Ahead of This Week's OPEC Meeting WTI crude oil futures remained stuck below $50.00 psychological mark, within a narrow trading band, as investors look ahead to this week's major event, OPEC biannual meeting on June 2. At the time of writing, oil was trading down by 0...
USD/JPY Corrects Lower to Sub-111.00 Levels The greenback is now receding further vs. the Japanese currency, sending USD/JPY to test the area below the 111.00 handle. USD/JPY looks to US docket The pair’s upside momentum has once again failed ahead of the 111...
CAD: Setting Up for Real GDP – TDS Research Team at TDS, suggests that despite cooling over the course of the quarter, the Canadian economy is forecast to have grown by an annualized rate of 2.7% in Q1...
Elliott Wave Analysis of EUR/NZD for May 31 - 2016 Wave summary: We continue to look for a rally above minor resistance at 1.6715 to accelerate prices higher towards resistance at 1.6931 and 1.7220 on the way higher to the long-term target at 1.8420. In the short term, support is seen at 1...
Elliott Wave Analysis of EUR/JPY for May 31 - 2016 Wave summary: We continue to look for more upside progress after a minor consolidation between 123.50 and 124.15 with the next minor upside target to look for seen at 124.65, and above here the important short-term resistance at 126...
