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According to statistics, more than 85% of transactions in financial markets are made with the participation of the US dollar, and about 30%, with the participation of the Euro. So, what do experts expect from the EUR/USD at the end of 2017 and in 2018...
GBPUSD: The pair looks to strengthen further higher towards it key resistance at 1.3337. Support lies at the 1.3250 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1.3150 level. Below here will set the stage for more weakness towards the 1.3100 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, November 1st The EUR/USD pair failed to sustain its bid tone, seen in early Europe, and returned to the red zone, as demand for the US dollar dominates the market today...
(01 NOVEMBER 2017)DAILY MARKET BRIEF 2:High expectations for the US ADP data before the FOMC meeting
Today we get US labor ADP data ahead of the NFP report on Friday. Bloomberg Survey indicates new jobs creation for October of 200k compared to the prior September read of 135k. The overall sentiment is positive and it has been 7 years that the data print positive...
Switzerland Manufacturing PMI came in at 62.0 from 61.7 and 0.7 higher than expectations. This continued a strong trend of economic improvement in manufacturing reaching the highest level since 2011. Last week Kof leading indicators jumped to 109.1 from 105.8...
After the publication of data on the New Zealand labor market for the 3rd quarter, the New Zealand currency sharply increased in price during today's Asian session...
31.10.2017 GBPUSD GBPUSD still looking to test resistance trend aroun 1.3250-60 zone. As long as market holding below this resistance another drop wave will be expected toward 1.3040-60 zone. Above 1.3335 market may enter a new uptrend wave that may target 1.3500 zone...
CRUDE OIL: The commodity may be hesitating but it retains its broader medium term uptrend. On the downside, support resides at the 53.50 level where a break will expose the 53.00 level. A cut through here will set the stage for a run at the 52.50 level. Further down, support resides at the 52...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, October 31st The EUR/USD pair lost its yesterday’s recovery trend and now is trying to consolidate its positions in the region of 1.1640, as investors remain in anticipation of flash EU CPI and GDP figures...
As was widely expected the BoJ held its policy strategy unchanged. The vote was 8-1 with the lone dissenter (policy board member Goushi Kataoka) voting for additional easing measures such as examining 10 year 0.0% and 15 year 0.20% yield targets...
The Swiss National Bank published interim results for the first three quarters of the year. After mixed mid-year results - the SNB reported an interim profit of CHF 1.2 billion - the last update brought the smile back to the SNB and all Swiss cantons...
Today, the Bank of Japan has decided not to change the current monetary policy and to maintain the key rate on deposits - at the level of -0.1%. The yen reacted quite restrainedly to this decision, which was, in general, the expected investors...
30.10.2017 EURUSD Euro managed to head for rebound correction before testing support 1.1550. Market now facing resistance at 1.1645 and 1.1675 which may push market again for another drop toward 1.1575-85 zone. Above 1.1675 more advance to test 1...
GBPUSD: The pair was seen triggering a recovery during early trading today following its price rejection on Friday. This leaves the pair targeting more strength in the days ahead possibly towards the 1.3278 zone. On the downside, support lies at the 1...
The WTI crude oil price has broken its resistance area around 53$. The commodity is now trading above $54. This increase appears after the World Bank, in its last report, is predicting an increase in price for 2018. The World Bank target is $56 for next year...
After hitting 1.1711 against the Swiss franc, its highest level since the SNB removed the 1.20 floor, EUR/CHF started to reverse gains in the wake of last Thursday’s ECB meeting...
Monitoring all-time high. (By Yann Quelenn ) • Bitcoin remains weak as long as prices remains below the key resistance at 6063. Strong support stands very far at 2975 (22/08/2017 low). However...
Pushing towards key resistance. (By Yann Quelenn ) • Crude oil is consolidating within range defined by support at 50.43 and the strong resistance lies at 52.86 (28/09/2017). Expected to show...
Continued decline. (By Yann Quelenn ) • Silver is again grinding lower. Hourly support can be founds at 16.88. Hourly resistance is given at 17.46 (13/10/2017 high). Additional support...