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The Producer Price Index for final demand fell 0.1 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.2 percent in February and advanced 0.1 percent in January. On an unadjusted basis, the final demand index moved down 0...
Forex trading is the hardest job in the world, losses will occur along the way and they are part of the game. We had a difficult start in this month. We started bad and we had to bring those pips back without having any distructions. Please BE patient, Rome was not built in a day...
Yen Falling for Second Session - Scotiabank Analysts at Scotiabank noted that JPY is weak and falling for a second consecutive session. Key Quotes: "It begins to retrace a portion of its recent rally...
U.S. Dollar Making a Recovery on Hawkish Fed Speakers The U.S. dollar is showing signs of a correction after a steady lineup of hawkish Fed speakers yesterday from Harker, Williams and Lacker and were increasing expectations for a June rate hike...
EUR/USD Remains Vulnerable Below 1.1300 EUR/USD has spent the last hours consolidating near 2-week lows following an over 100-pip slide. The euro managed to recover a few pips following below-expectation US retail sales data, but dollar’s pullback short-lived and EUR/USD resumed the decline...
FXWIREPRO: GBP/USD Neutral Near-Term, Scope for Upward Resumption GBP/USD rebounded strongly towards 1.4255 levels in the early US session after US retail sales data printed negative figures. However, the pair turned back after failing to break resistance level 1...
Brent: Will the Price Go Above the Level of 45.00? Yesterday’s mixed economic statistics prevented the rise in price of crude oil Brent up to the level of 44.78 USD per barrel...
Dueling Fed GDP Trackers - BBH Analysts at Brown Brothers Harriman explained that the decentralized nature of the Federal Reserve lends itself to both a division of labor and competitive analysis...
GBP/USD Hovers Above 1.4200 GBP/USD has edged slightly lower on Wednesday but overall continues to trade within its weekly range, unable to set short-term direction in the absence of fundamental triggers. GBP/USD has continued to retreat from yesterday’s peak of 1...
USD/CHF Extends Gains Above 0.9600 The US dollar continued to recover ground against the Swiss franc on Wednesday and now is positive for the current month. Economic data from the US failed to weaken USD/CHF that hit a 2-week high during the American session at 0.9659...
AUD/USD Retreats after Testing March Highs AUD/USD is falling on Wednesday, despite weak US economic data. The pair printed a fresh daily low during the American session at 0.7635 and currently it trades at 0.7650/53, down 0.45% for the day. Falling from 0...
We expect the bullish momentum of GBPUSD to continue and believe that any downside potential would be a perfect opportunity for a long swing trade. We expect an a-b-c move down to 61% retracement level and that is our ideal buy order. Trade Setup: Long ... Read More...
Bank of Canada: Little Prospect of Further Easing - ING James Knightley, Senior Economist at ING, notes that today’s statement from the Bank of Canada, suggests that there is little prospect of any easing in the near future...
EUR/USD Drops Further to Test 1.1270 The selling pressure is now gathering further steam around the euro, dragging EUR/USD to test lows in the 1.1270 region...
EUR/CAD – Drops Below 1.44 after BOC Keeps Rates Unchanged EUR/CAD fell below 1.44 handle after Bank of Canada kept key rates unchanged as expected and revised 2016 GDP forecast higher...
BoC Leaves Rates Unchanged, Downgrades Growth Outlook The Bank of Canada (BoC) kept its target for the overnight rate unchanged at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25...
AUD/USD Gains Capped Around 0.77 – Westpac According to strategists at Westpac, AUD’s upside appears somewhat limited around the 0.7700 handle in the near term. Key Quotes "AUD/USD found fresh buyers and pricing for a May rate cut faded to below 30% after the strong Mar NAB business survey”...
AUDUSD Daily Chart In its daily chart, AUDUSD pair has created a bullish structure of the lows but not yet to consider a completed intermediate 5-waves up. If we make an extension of waves 1 and 2 ... continue here http://www.forexsignalsfactory.net/2016/04/13/audusd-upcoming-short-term-forecast...
WTI Below $42.00, Losses Momentum Ahead of EIA The barrel of West Texas Intermediate has retreated from recent highs above the $42.00 mark, returning to the $41.70 area...
