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Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, October 13th AUD/USD was lower in Asia as Chinese Trade Balance data was out mixed. The export figures came out in green light with 3.7% contraction, while imports declined more than expected by 20...
U.K. stocks dropped on Tuesday, with commodity-related shares pressured after Chinese export data highlighted concerns about a downturn in the world’s second-largest economy...
Credit Agricole made a fundamental forecast concerning ZEW news event - German ZEW Economic Sentiment and ZEW Economic Sentiment...
On Tuesday gold futures eased off yesterday's seven-week high, but losses were capped amid mounting confidence that the Federal Reserve will hold off on hiking interest rates until 2016...
US Dollar - "This past week, we have seen the ECB warn of weaker inflation forecasts, the market bolster its expectations of a QQE upgrade for the BoJ in 2015 and the outlook for the BoE’s hike move the end of 2016. FX is a relative field...
The Australian dollar dropped on Tuesday impacted by data on exports and imports from China, as well as the Bank of Japan minutes...
GBPJPY: With the cross printing back to back long-tailed candles on Friday and Monday to trigger bear pressure during early Asia session, we look for weakness to occur. The cross to target its Oct 07 2015 low at 182.49 level. On upside, resistance is seen at the 184.00 level followed by the 185...
Weekly price is on bearish market condition for ranging between Central Pivot at 6474 and key support level at 5758. The price is ranging within Central Pivot at 6474 and key support level at 5758. The nearest resistance levels are Central Pivot at 6474 and key resistance level at 6715...
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, and USD/CHF, as provided by the technical strategy team at Barclays Capital. EUR/USD: We were wrong to expect selling interest near 1.1320 to cap upticks. The break above 1.1320 signals further upside towards the 1...
W1 price is located inside Ichimoku cloud within the following key support/resistance levels: 1.5929 key resistance level located near above Ichimoku cloud on the bullish border between the bearish and the bullish trend on the chart, and 1...
Weekly price is on bullish market condition for ranging between Central Pivot at 9400 and R1 Pivot at 10453. The price is ranging within Central Pivot at 87.07 and R2 Pivot at 99.31 Descending triangle pattern was formed by the price with 9298 support level to be crossed for bearish breakdown...
A new higher low on the daily charts for the pound to dollar exchange rate indicates more gains are on the way. The near-term picture continues to favour the British pound over its US counterpart with the GBPUSD entering a strong recovery rally from a previous downturn...
This week suggests third-quarter corporate reports and a number of important economic reports in the US and China. Today, October 12, is Thanksgiving Day in Canada and Health-Sports Day in Japan. These markets are closed. In general this Monday is a quiet day in almost all world markets...
We have been caught on the wrong side of what is effectively one large, cross asset correlated, position squeeze. We square long USD against commodity and Emerging Asia FX (MYR, TWD, NZD, CAD and AUD). We also square short EUR/USD exposure...
Testing on a real tick story - EURUSD,H1 (02.01.2015-27.06.2015) Broker #1: OctaFX (true ECN execution without requotes) 1. Testing with standard parameters...
Weekly price is on ranging around Central Pivot at 1963.05 waiting for direction. The price is ranging around Central Pivot at 1963.05. The nearest resistance levels are 2134.42 and R1 Pivot at 2188.18. The nearest support levels are 1863.12 and S1 Pivot at 1832.78. Instrument...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and USD/CHF. EUR/USD: In the short term it feels like the pair could be bid, but we prefer being patient and waiting for better levels to enter shorts...
EURJPY: The cross may remain biased to the upside following its recent strength but it was seen backing off ahead of its key overhead resistance zone at the at 137.44/04 region during the Monday trading session...
W1 price is located above 200 period SMA (200 SMA) and above 100 period SMA (100 SMA) for the primary bullish market condition. The price is trying to break 88.48 resistance level for the bullish trend to be continuing. If the price breaks 88...
