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Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, September 19th The EUR/USD pair continues to keep its bid tone so far this week, trying to break through its psychological resistance of 1.2000...
The main events of the week started are the meetings of the central banks of the USA and Japan. The two-day meeting of the Fed starts today, and will end on Wednesday with a publication (at 18:00 GMT) of interest rate decisions and a press conference, which will begin at 18:30 (GMT...
Everyone is aware of the shuffling market. Sometimes, the trading values are sky high, while the values touch the ground at other instances. In few words, the market has the constant shift. But, still, the traders invest in various businesses. The binary options trading is one among them...
EURJPY: The pair remains offensive following its trend resumption the past week. On the downside, support comes in at the 133.00 level where a break if seen will aim at the 132.50 level. A cut through here will turn focus to the 132.00 level and possibly lower towards the 131.50 level...
The Central Bank of Russia will decide about its key rate today. There is a significant likelihood that the central bank lower its key rate to 8.5%. In July, the CBR decided to remain on hold, markets expectations for a rate cut are now strong...
(18 SEPTEMBER 2017)DAILY MARKET BRIEF 1:USD recovery was short-lived ahead of next week FOMC meeting
he US dollar got a fresh boost yesterday after the release of better-than-expected inflation report. The headline CPI gained 1.9%y/y, against median forecast of 1.8%, up from 1.7% in July. The core gauge also beat expectations of 1.6% by rising 1.7%y/y...
Crashing. (By Yann Quelenn ) • Bitcoin is taking a dive after strong interest over the summer. Support lies at 3599 (22/08/2017 low) has been broken. Key...
Surging again. (By Yann Quelenn ) • Crude oil has strongly declined after the commodity monitored the $50 level. Key support is given at 45.40 (17/08/2017 high). Strong...
Continued bearish consolidation. (By Yann Quelenn ) • Silver has failed to reach strong resistance at 18.65 (17/04/2017 high) while support can be found at 16.58 (15/08/2017 high...
Timid rebound. (By Yann Quelenn ) • Gold is trading mixed within uptrend channel. Hourly support is given at a distance 1319 (intradayy low). Hourly resistance is located at...
Buying demand. (By Yann Quelenn ) • EUR/CHF's buying pressures are going up and the pair has broken resistance area between 1.1356 and 1.1472. Further medium-term...
Strong decline. (By Yann Quelenn ) • EUR/GBP is trading lower. However, as long as prices remain below the resistance at 0.9176 (declining trendline), the short-term technical...
Downside pressures. (By Yann Quelenn ) • AUD/USD is consolidating lower after the pair surged towards 0.8125 (08/09/2017 high). Hourly support below 0.7950 (former uptrend channel...
Short-term increase. (By Yann Quelenn ) • USD/CAD is consolidating. Hourly support is located at 1.2062 (08/09/2017 low). Resistance is now given at a distance at 1.2239 (intraday high...
Sideways price action. (By Yann Quelenn ) • USD/CHF keeps on bouncing. Strong resistance is given at 0.9771 (15/06/2017 high). The technical structure shows that the the pair is...
The focus of the traders this week will be the meetings of the central banks of the United States and Japan. Wednesday (18:00 GMT) will publish the Fed's decision on the interest rate. Also, economic forecasts of the Federal Reserve will be presented, including for 2020...
Monitoring resistance area. (By Yann Quelenn ) • USD/JPY is now monitoring resistance area around 111. Strong support is located at 107.32 (08/09/2017 high). Expected to show further...
Surging. (By Yann Quelenn ) • GBP/USD is consolidating lower. The pair has broken hourly resistance at 1.3329 (13/09/2017 high). Strong support is given at 1.2774...
Consolidation. (By Yann Quelenn ) • EUR/USD lies in a bullish trend despite ongoing consolidation. Hourly resistance can be found at 1.2092 (08/09/2017 high) while hourly...
