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Analysts at Nomura explained that the euro has moved a long way (nearly 6% since our entry), and they feel it is prudent to tactically book profits. Key Quotes: "Expectations for the ECB have swung from low expectations of tightening to tapering and possibly two rate hikes by the end of next year...
EUR/USD is hovering around 1.1400, marginally lower. It is falling for the second day in a row as it continues to correct lower from 1-year highs that reached on Wednesday during the Asian session at 1.1489...
USDJPY: The pair continues to retain its downside pressure on correction. On the downside, support comes in at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level...
At the 6.75 range, the USD/CNY has hit its lowest level so far in 2017, and our outlook is that it will keep falling. China’s export surplus balance is holding strong at +$42.4 billion, and its surplus to the USA grew $3 billion in June alone...
The US dollar extended losses yesterday after the Fed Chair expressed uncertainty about the effects of tightening on inflation. After retreating as much 0.80% during the day, EUR/USD bounced back to 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, July 13th Seems that the sharp sell-off of the USD/CAD pair, triggered by hawkish BoC decision, ran out of steam, after the pair faced support at the level of 1.2681, which was last seen on June 24, 2016...
Today, the pair AUD / USD again approached the annual highs of 4-month old near the 0.7745 mark. The Australian currency is growing, receiving double support from strong data on China's foreign trade balance and after the publication of the consumer price inflation indicator in Australia...
FX Strategists at UOB Group now expect the pair to navigate between 1.1320 and 1.1520 in the near term. Key Quotes “EUR traded in a choppy manner yesterday, rising initially to a fresh high of 1.1489 before plummeting to hit a low of 1.1390 during NY hours...
USD/JPY The first day of Janet Yellen speech in the Congress made a mixed impression on foreign exchange markets, but the yen reacted very positively. The head of the US Federal Reserve System issued a very conservative forecast for the economy and monetary policy...
Indicator Used: Gann Intraday Pivot Indicator 12th July Early Trade Signal: Link to the image Time Trend zone was strongly bearish & but price trend was weak bearish. Market was at that time standing on day open & it was already reaction zone, intraday top...
Indicator Used: SFX Intraday Planetary Line Astro Pack During the time of trading on 12th July 2017, GBPUSD was near to Moon Sextile Uranus Aspect. We plotted Moon Sextile Price line. The market rose above it, we buy position, targeting direct moon line. Because next aspect was Moon Ingress...
Price changes and trend lines show us that there isn't any permanent pattern for a day or any periods of time. But chart of High and Low differences has a daily oscillation. I drew chart of High minus Low for different currency pairs...
USER GUIDE 1.0) Input Parameters of The EA 1. Lots Management LotsType: Select any of lots management type . EquityPercent: Lot is chosen automatically based on percentage of the equity. FixedLots: Fixed Lots...
USDCHF: With the pair closing lower on Tuesday, further bearishness is envisaged. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
As per my previous post, Ethereum is, to say at least, the most interesting cryptocurrency this year (so far). Angel and Demon (depending on when and what price you bought it) for the past month or so, currently is hovering around $200 and there is no clear direction for the near future...
On Thursday, the Bank of Canada will decide whether to raise rates. Will interest go up again, as it has over the past month? On the one hand, the BoC has a decidedly hawkish view. Currency traders have been convinced enough to price in 67 basis points worth of rate hikes for the coming 12 months...
Investors appear to expect a dovish statement today from US Federal Reserve Chairwoman Janet Yellen , i.e. a ‘Goldilocks’ not-too-fast, not-too-slow approach to monetary policy...
After the National Bureau of Statistics of Great Britain presented today very encouraging data from the UK labor market, the pound strengthened in the foreign exchange market. According to the data provided, for the period March-May unemployment fell to 4...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, July 12th The EUR/USD pair corrected slightly lower from its 14-month highs, posted at 1.1489 this morning, on the back of minor profit-taking actions ahead of Fed Chair J.Yellen’s testimony...
