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Daily economic digest from Forex.ee Stay informed of the key economic events Friday, December 8th The EUR/USD pair keeps navigating southwards for the fourth session in a row, remaining within striking distance of its 2-week lows, marked in the area of 1.1740...
The pound continues to trade stably ahead of the publication (13:30 GMT) of data from the US labor market, including against the dollar...
The popularity of forex automatic trading robots keeps increasing, in spite of the dubious returns generated by using them...
GBPUSD: The pair held of lower prices to close higher on a rally on Thursday. This development has opened the door for more strength in the days ahead. Support lies at the 1.3450 level where a break will turn attention to the 1.3400 level. Further down, support lies at the 1.3350 level...
TD FX Strategy Research discusses USD/CAD outlook, and notes that the pair has marched higher following yesterday's BoC statement which was more dovish than expected, injecting a new level of cautiousness despite the improvement in the data...
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Tomorrow we are expecting the NFP release by the USA. The USD currency is seen as positive compared to previous state. As a trader, i would like to advise all my fellow traders to observe the market before placing any trade. There shall be high volatility and huge spikes may be expected...
07.12.2017 Gold Gold managed to break below 1260 early today which may trigger a new downtrend wave over the coming short-run toward 1215-25 zone. As long as market holding below 1265-70 the downtrend wave will sustain toward 1215-25 zone...
EURUSD: The pair weakened further on Thursday opening the door for more decline in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1...
The dollar continues to bargain with the rise after it rose on Wednesday amid new signs of strengthening the labor market in the US...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, December 7th The EUR/USD pair consolidates its positions today within 1.1790-1810 after 2-days retreat, backed by broad demand for the US dollar...
06.12.2017 EURUSD EURUSD facing first Intraday resistance at 1.1865-80 where as long as market holding below the downtrend pressure will sustain toward 1.1715-30 support zone which may provide some rebound correction for market. Above 1.1880 market may have chance to re-test 1...
Why do we need a GMT Offset? What is it? Why is it so important? I often hear these questions, and today we will find the answers...
GBPUSD: The pair failed to follow through lower on Wednesday causing to decline further. This leaves GBPUSD weak and vulnerable to the downside with eyes on the 1.3300 zone. Support lies at the 1.3350 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, December 6th The EUR/USD pair failed to keep its yesterday’s recovery trend and once again came under selling pressure, moving closer to its 2-week lows, marked near the level of 1.1800 a day before...
In the focus of attention of traders today will be the meeting of the Bank of Canada and publication of the decision on the interest rate. Bank of Canada twice this year raised rates - in July and September. Inflation remains below the target level of 2...
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05.12.2017 USDJPY USDJPY facing Intraday resistance at 113.20-30 where as long as market holding below another drop wave toward 111.50 will be expected. Above 113.30 more advance toward 114.30-40 zone is expected. Below 110.85 market may head for farther drop wave toward 109.50 zone...
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CRUDE OIL: The commodity faces further downside pressure as it looks to follow through lower on Tuesday. On the downside, support resides at the 57.00 level where a break will expose the 56.50 level. A cut through here will set the stage for a run at the 56.00 level...
