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The services sector activity in the UK economy extended deterioration for the second straight month, posting a slightly bigger-than expected drop in the month of June, a fresh report from Markit Economics showed on Wednesday. The services PMI slumped to 53.4 in June versus a 53...
Weekly Trends
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Roman Vashchilin, 5 July 2017, 10:45
Although the EUR/USD pair remained stuck in a tight 40-pip range on Tuesday, it is looking to close the third day in a row with losses. As of writing, the pair is trading at 1.1350, down 0.14% on the day...
Weekly Trends
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Roman Vashchilin, 4 July 2017, 19:45
Currently, USD/JPY is trading at 113.19, down -0.18% on the day, having posted a daily high at 113.47 and low at 112.74. Bulls were capped just below where offers were sited at 113.50 and N.Korea said that their first intercontinental ballistic missile test was successful. Gold inched up as N...
Weekly Trends
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Roman Vashchilin, 4 July 2017, 18:49
AUD/USD is consolidating post RBA losses as it remains unable to rally above 0.7600. Recently it climbed to 0.7615 but lost strength. Currently, it trades at 0.7605, 80 pips below Asian session highs...
Analytics & Forecasts
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Roman Vashchilin, 4 July 2017, 18:38
Currently, EUR/GBP is trading at 0.8784, down 0.00% on the day, having posted a daily high at 0.8793 and low at 0.8764. On the grander scale of the charts, EUR/GBP is weakening within its consolidation of the daily sticks rally from last summers' rally to 0.9229 from just below 0.76 the figure...
Analytics & Forecasts
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Roman Vashchilin, 4 July 2017, 18:35
EURUSD: The pair closed lower on Monday opening the door for more weakness in the days ahead. Resistance comes in at 1.1400 level with a cut through here opening the door for more upside towards the 1.1450 level. Further up, resistance lies at the 1.1500 level where a break will expose the 1...
Analytics & Forecasts
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FXTechstrategy.com, 4 July 2017, 15:38
The Swiss franc is still trading below 1.10 against the single currency despite short-term bullish pressures on the pair. We believe that there is at the moment two major reasons that are pushing the euro against the Helvetic currency...
Market News
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Jiming Huang, 4 July 2017, 13:34 #eurchf
As expected, the Reserve Bank of Australia kept its cash rate unchanged at 1.50%. Despite the widely-held view for no change, there was still a level of disappointment that the RBA refrained from discussing “normalisation” or offering a hawkish lean...
Market News
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Jiming Huang, 4 July 2017, 13:32 #RBA
According to data provided by Markit today, the index of supply managers (PMI) for the UK construction sector fell in June (54.8 against 56.0 in May and 55 according to the forecast). Nevertheless, the pound reacted rather sluggishly to this data...
Analytics & Forecasts
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TifiaFX, 4 July 2017, 12:51 #fundamental analysis, Fed
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, July 4th The AUD/USD pair showed volatile moves this morning, refreshing its weekly lows at 0.7604, after RBA announced its decision to hold monetary policy steady...
Analytics & Forecasts
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EEAnalytics, 4 July 2017, 12:34
USD/JPY The pair jumped by more than 100 pips yesterday, and now is falling. Today the pair lost 0.34% and now is trying to break below the local support of 113.00. The main reason is escape the risks after the missile tests in North Korea...
Analytics & Forecasts
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Real Trade, 4 July 2017, 11:28
FX Strategists at UOB Group seen the next relevant level in the pair in the 114.30 area in the short term. Key Quotes “The bullish phase that started 2 weeks ago is still clearly intact as USD soared to hit a high of 113.47 yesterday”...
Analytics & Forecasts
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Roman Vashchilin, 4 July 2017, 11:28
Analysts at Goldman Sachs see Mr. Draghi’s speech at Sintra as a broad continuation of his previous comments updated to reflect ongoing developments, rather than a sharp switch in the policy signal and as a result expects no change in policy rates or asset purchases for the remainder of 2017...
Analytics & Forecasts
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Roman Vashchilin, 4 July 2017, 10:22
Infinity Scalper is a new forex scalping indicator that has hit the market. You can check this Infinity Scalper and see it it gives good performance or not. The problem with most indicators is that they simply don't work...
Trading Systems
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Ahmad Hassam, 4 July 2017, 08:14 #forex
Although the XAU/USD pair was able to make a modest recovery to $1228 in the early NA session, it faced another selling pressure after the better-than-expected ISM PMI data. At the moment, the pair is trading at $1224, losing 1.4%, or $17, on the day...
Analytics & Forecasts
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Roman Vashchilin, 3 July 2017, 17:18
The single currency is looking to rebound from session lows vs. the buck, with EUR/USD now navigating the 1.1360/70 band. EUR/USD supported around 1.1360 The pair is showing some fresh bids despite the US ISM manufacturing came in above expectations in June at 57.8 vs. 55.2 initially forecasted...
Analytics & Forecasts
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Roman Vashchilin, 3 July 2017, 17:16
You are told that some kind of phenomenon has no explanation. Understand this as lacking the necessary knowledge from the one who tells you this. In the forex market, many experts talk about changing the trend after its change...
Analytics & Forecasts
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Igor Gritsai, 3 July 2017, 16:03
Tomorrow brings policy meetings from both the RBA and the Riksbank and the statements of both will be carefully evaluated for any hawkish signals, according to the analysis team at Rabobank...
Weekly Trends
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Roman Vashchilin, 3 July 2017, 15:24
The AUD/USD pair remained under some selling pressure through European trading session and dropped session low near mid-0.7600s, albeit has managed to recover few pips thereafter. Investors now seemed to have realized that the greenback selling might have been overdone in the near-term...
Currency
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Roman Vashchilin, 3 July 2017, 15:22
The global wave of populism has finally reach Japan’s shores. In an historic upset, Tokyo Governor Yuriko Koike's Tokyo Citizens First Party and its partners won a clear victory at Sunday’s Tokyo Metropolitan assembly election. The political party, practically unknown outside of Tokyo...
Market News
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Jiming Huang, 3 July 2017, 13:53