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June 2016 Eurozone CPI flash report 30 June 2016 Prior -0.1% Core 0.9% vs 0.8% exp y/y. Prior 0.8% TAPER!! No real details come with the flash report so that's that...
Details of the Q1 2016 UK GDP final revision data report 30 June 2016 Prior 0.4% 2.0% vs 2.0% exp y/y. Prior 2.0% Business investment -0.6% vs -0.5% prior q/q -0.8% vs -0.4% prior y/y...
UK justice secretary Michael Gove has just announced his intention to lead the Conservative Party A change of heart/mid from Gove who had previously said he would support Boris...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 30th GBP/USD Current price: 1.3372 (-0.4...
FxWirePro: USD/CAD Faces Strong Support Around 1.2930, Good to Sell on Rallies Major Support – 1.2920 (90 4H EMA) Loonie has slightly recovered after making a low of 1.29310. It is currently trading around 1.2949. Short term trend is bullish as long as resistance 1...
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. While the rebound from last Friday’s 1.0909 low has been more resilient than expected, there is no change to the bearish outlook for EUR. The current price action is viewed as a corrective rebound and as long as 1...
FxWirePro: AUD/CHF Faces Strong Resistance at 0.7380, Good to Buy at Dips Major resistance – 0.7380 (61.8% retracement of 0.7574 and 0.70323) Major support – 0.7160 (200 4H MA) AUD/CHF has retreated sharply after making a high of 0.73170. It is currently trading around 0.72710...
GBPUSD: The pair strengthened further on Wednesday leaving risk on the upside. However, its broader medium term outlook remains lower. On the downside, support lies at the 1.3400 level where a break will turn attention to the 1.3350 level. Further down, support lies at the 1.3300 level...
FxWirePro: Sterling Likely to Drop Below Parity Against Dollar You might be thinking, looking at the call, “What the hell?” or “This is too far”. We know, even Billionaire investor and legendary George Soros isn’t calling for such a number...
Wave Analysis of Gold for June 30, 2016 Gold has completed 5 waves up in the short term from $1,305 to $1,328 and also made a corrective pullback towards the 61.8% Fibonacci retracement...
Technical Analysis of EUR/GBP for June 30, 2016 EUR/GBP is expected to continue its bullish rebound. The pair has posted a pullback and is rebounding on its support at 0.8200. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited...
Technical Analysis of AUD/USD for June 30, 2016 AUD/USD is expected to trade with a bullish bias. The pair eventually broke above the key resistance at 0.7380 before rallying further. It has reversed a bearish pattern of lower highs while establishing a bullish trading channel at the same time...
Technical Analysis of USD/JPY for June 30, 2016 USD/JPY is expected to trade in a higher range and is supported by a rising trend line. On Wednesday, US stock indices kept rallying along with global markets, led by financial and energy shares. The Dow Jones Industrial Average gained another 1...
Technical Analysis of USD/CHF for June 30, 2016 USD/CHF is expected to trade with a bullish bias above 0.9760. The pair remains bullish on an intraday basis. In addition, a strong support base around 0.9760 should limit any downward attempts...
Technical Analysis of NZD/USD for June 30, 2016 NZD/USD is expected to extend its upside movement. The pair has been supported by a rising trend line since June 28 and is likely to challenge the horizontal resistance at 0.7155 in sight...
Technical Analysis of GBP/JPY for June 30, 2016 GBP/JPY is expected to trade with a bullish bias. The pair has been supported by a rising trend line, as well as the 20-period and 50-period moving averages and continues its rebound. The relative strength index stays above 50...
Technical Analysis of EUR/JPY for June 30, 2016 General overview for 30/06/2016: The market is trying to develop a clear, corrective, choppy bounce from the lows at the level of 109.55...
Technical Analysis of USD/CAD for June 30, 2016 General overview for 30/06/2016: The sub-wave c of the corrective cycle in wave (ii) looks completed, and the whole correction looks like an irregular flat pattern. This is why the uptrend might be now resumed and a new higher high can be made...
Let’s step back from all this Brexit hubbub and constant focus on the pound, shall we? Having said that, the Reserve Bank of New Zealand (RBNZ) released its annual Statement of Intent (SOI) earlier. Great, but what is it and what does it have to do with the forex market, you ask...
