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The dollar continues to decline in the foreign exchange market. Disappointing data from the labor market in the US, published last Friday, the political uncertainty surrounding the US president put pressure on the dollar...
Hi, Long time we do not post anything regarding forex development. But it does not mean we already stop. or forget this business. of course not. We are serious busy with our forex research and development. Our world top class engineer working for remote forex data center development...
Analytics & Forecasts
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Kazi Jakaria, 6 June 2017, 09:29
USD/JPY is a great pair that I love to trade a lot. USD/JPY is controlled tightly by Bank of Japan (BOJ). A strong Yen hurts Japanese economy. BOJ always takes drastic action when USD/JPY falls to low. This is the time when BOJ entervens and USD/JPY shoots up...
Trading Systems
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Ahmad Hassam, 6 June 2017, 08:53 #usd/jpy, forex
Societe Generale FX Strategy Research notes that following the US May jobs report, the Fed is likely observing the decent gains in employment, and the modest wage growth, which support a June rate hike, but don’t point them in the direction of any longer-term sense of urgency...
Analytics & Forecasts
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Roman Vashchilin, 5 June 2017, 21:35
USDJPY: The pair faces further downside pressure in the short term though seen hesitating during early Monday trading. On the downside, support comes in at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 109...
Analytics & Forecasts
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FXTechstrategy.com, 5 June 2017, 15:41
Wide-open for further decline. • Crude oil is still collapsed after the bounce following the short-squeeze move towards $52. Support is given at a distance 43.76 (05/05/2017 low). The technical structure suggests further...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:59 #crude oil
Bearish consolidation. • Silver declines. Strong support is given at 15.63 (20/12/2017 low). Closest support is given at 16.20 (04/05/2017 low). Key resistance is given at a distance at 19.00 (09/11/2017 high). Expected...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:58 #silver
Bullish momentum is fading. • Gold is pushing higher within uptrend channel. Hourly support is located at 1246 (18/05/2017 low). Stronger support is given at 1195 (10/03/2017 low). Expected to show further...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:56 #gold
Volatility declines. • EUR/CHF is trading mixed. Yet the pair is declining towards support given at 1.0866 (18/05/2017 low). We believe that the mediumterm pattern suggests us to see continued bearish pressures towards key support that can...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:54
Consolidating above 0.8700. • EUR/GBP's bullish momentum is fading. The technical structure had turned positive since the pair has broken resistance at 0.8530 (25/04/2017 low). Strong support can be found at 0.8304...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:53
Strengthening. • EUR/JPY is trading higher. Hourly support is given at 122.56 (18/05/2017 low). Hourly resistance can be found at 125.82 (16/05/2017 high). Major support is given at 114.90...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:51
Weakening. • AUD/USD is pushing lower towards hourly support is given at 0.7329 (09/05/2017 low). As long as prices remain below resistance at 0.7608 (17/04/2017 high), there are strong downside...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:49
Growing short-term bullish momentum. • USD/CAD is trading above 1.3500. The pair has exited downtrend channel. Hourly support can be found at 1.3424 (28/05/2017 low) then 1.3388 (25/01/2017 high). Expected to show continued...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:48
Lack of follow-through. • USD/CHF is back above former support given at 0.9692 (22/05/2017 low). Strong resistance is given at 1.0107 (10/04/2017 high). Expected to show continued weakness towards hourly...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:46
Renewed bullish pressures. • USD/JPY is trading higher towards resistance given at 112.13 (24/05/2017 high). Hourly support is given at 110.24 (18/05/2017 low). Stronger support is located at 108.13 (17/04/2017 low...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:43
Sideways price action. • GBP/USD is bouncing from hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high). Expected to show renewed bearish pressures...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:41
Consolidating. • EUR/USD is consolidating below strong resistance given at 1.1300 (09/11/2017 high). Hourly support is given at 1.1110 (22/05/2017 low) has been broken. Stronger support lies at...
Analytics & Forecasts
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Jiming Huang, 5 June 2017, 13:39
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 5th The GBP/USD pair extends its consolidation pattern in the region of 1.2870 level into the European session after opening with a bearish gap...
Analytics & Forecasts
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EEAnalytics, 5 June 2017, 12:29
The PMI index (or the index of business activity) for the UK services sector in May was 53.8 (the forecast was 55.0, which is lower than the April index of the index 55.8). This index is an indicator of the economic situation in the service sector of Great Britain...
Analytics & Forecasts
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TifiaFX, 5 June 2017, 12:04 #fundamental analysis, Fed
AUD/USD The pair returned to the area above 0.7400 last week and today continues to move upward. Technically the ceiling for the upward correction of AUD/USD is 0.7500 and only if it gains a foothold above 0.7460...
Analytics & Forecasts
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Real Trade, 5 June 2017, 10:39