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Daily economic digest from Forex.ee Stay informed of the key economic events Monday, May 8th Today France continues to celebrate Emmanuel Macron’s win in the presidential election with 63.85% of votes against his far-right opponent Marine Le Pen, who gained 36...
The general weakening of the US dollar, observed on Friday, helped the oil prices to adjust at the end of last week. The price of Brent oil after reaching a new local minimum during the Asian session of Friday near the level of 46...
EUR/USD: Bullish: Next target at 1.1050 followed by 1.1120. While EUR finally broke above 1.1100, the lack of acceleration higher after the breach came as a surprise (high of 1.1022 early this morning...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish Monday to Wednesday saw price go sideways before climbing on Thursday and almost reaching the resistance line at 1.1000...
CRUDE OIL: With the commodity halting its weakness to close higher on a rejection candle on Friday, further bullishness is likely. On the downside, support resides at the 46.00 level where a break will expose the 45.50 level. A cut through here will set the stage for a run at the 45.00 level...
EURUSD: With the pair continuing to hold on to its upside pressure, more strength is envisaged. Resistance comes in at 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1...
First, a review of last week’s forecast: - Recall that the experts’ opinions on EUR/USD a week ago were divided almost equally: 35% supported the growth of the pair, 30% voted for its fall and 35% foresaw a sideways trend...
USDCHF: The pair closed lower the past week leaving risk of more declines on the cards in the new week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level...
U.S. Federal Reserve Chair Janet Yellen said on Friday that barriers and challenges for women in the workplace, if not addressed, will hamper U.S. economic growth...
The euro hit its highest level in roughly six months against the U.S. dollar on Thursday as traders looked beyond the French elections to the potential for the European Central Bank to signal further reduction in bond-buying, while the greenback was steady against the yen. The euro jumped to $1...
After crude-oil prices took a beating over the past week, falling to their lowest level since before OPEC-led a deal to curb output in November, analysts at Goldman Sachs say crude may reaching a “capitulation” point...
There has been a massive confusion in the global market due pending interest rate hike decision by the FED. In the last week, the FED hike their interest rate on the basis of 25 points in the global market...
The victory of Emmanuel Macron in the first round of the presidential elections in France weakened fears about France's withdrawal from the EU...
The unconditional center of attention of investors today is the publication of data from the US labor market scheduled for 12:30 (GMT) for April. It is expected that unemployment in April rose by 0.1% to 4...
Credit Agricole FX Strategy Research notes that in G10 FX the AUD was among the weakest currencies over the past few sessions...
Equity markets were well behaved after the FOMC meeting closing slightly lower after pullback. The fact was there was nothing really ground breaking nor indication that rate path would be steep enough to derail current risk rally...
Emerging markets currencies tumbled on Thursday amid a sharp correction in commodity prices and mounting expectations of a June Fed rate hike. The West Texas Intermediate hit $47.31 a barrel this morning while its counterpart from the North Sea fell to $50.26 amid supply glut worries...
EUR/USD Yesterday the pair fell to the level of 1.0900, however the downward movement stopped here...
As it became known, during the two-day meeting, the Fed kept interest rates at the same level, in the range of 0.75% -1.00%. The decision was taken unanimously, by 9 votes out of 9...
GBP/CAD is a minor pair that has 1 pip equal to $7.32 for 1 standard lot approximately. GBP pairs have one thing in common. All of them are volatile. Higher the volatility, more the profit potential. GBP pairs can move 500-1000 pips in matter of days...
