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Daily economic digest from Forex.ee Stay informed of the key economic events Friday, May 19th The EUR/USD pair broke out of its consolidation corridor in early Europe to the upside, as the greenback seems to have resumed its weekly downside after its recent moderate rebound...
According to the data published at the beginning of today's European trading session, the producer price index of Germany (PPI) came out at + 0.4% (the forecast was + 0.2%) and + 3.4% in annual terms (+ 3.2% on Forecast...
AUD/USD Yesterday the pair tested a maximum of 0.7487, but quickly returned to the 0.7400. Today it is unlikely to achieve significant success. The nearest resistance zone is already in the area of 0.7450. USD/JPY The pair tested the lows in the area of 111...
Maybe the dollar rally late Thursday had nothing to do with politics, maybe it was an obscure fundamental headline, or flows or a fat finger in cable that morphed into a broad USD bid. 5 straight daily declines in the currency of the world's strongest economy may have a been excessive...
On 18 May 2017 01:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for NZDUSD currency pair at 0.69371 under 9, 10, 9. The position closed on 19 May 2017 05:00 AM UTC at 0.68887 and the profit was 0.7%. AdMACD parameters for NZDUSD on close were 9, 10, 9...
On 17 May 2017 05:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for XAGUSD currency pair at 16.888 under 8, 156, 4. The position closed on 19 May 2017 03:00 AM UTC at 16.678 and the profit was 1.24%. AdMACD parameters for XAGUSD on close were 8, 156, 4...
On 16 May 2017 03:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for USDJPY currency pair at 113.428 under 35, 72, 34. The position closed on 18 May 2017 11:00 PM UTC at 111.504 and the profit was 1.7%. AdMACD parameters for USDJPY on close were 35, 72, 34...
On 10 May 2017 06:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for USDZAR currency pair at 13.574 under 60, 223, 45. The position closed on 18 May 2017 09:00 PM UTC at 13.43645 and the profit was 1.01%. AdMACD parameters for USDZAR on close were 60, 257, 60...
On 15 May 2017 02:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for EURCAD currency pair at 1.49775 under 42, 85, 11. The position closed on 18 May 2017 01:00 PM UTC at 1.51367 and the profit was 1.06%. AdMACD parameters for EURCAD on close were 42, 85, 11...
CRUDE OIL: With the commodity threatening further upside, more strength is likely in the days ahead. On the downside, support resides at the 48.00 level where a break will expose the 47.50 level. A cut through here will set the stage for a run at the 47.00 level...
It seemed very unlikely that global political uncertainties would rekindle so fast after the French election, in which the second round between Emmanuel Macron and Marine Le Pen was a non-event. Yet, as often in financial markets, uncertainties are coming from where it was not really expected...
Among the G10 complex, the Australian dollar was the sole currency in positive territory this morning after the publication of the last job report from the Australian Bureau of Statistics. The Aussie was up 0.26% against the greenback on Thursday, up to $0...
On 11 May 2017 11:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for EURUSD currency pair at 1.08645 under 7, 109, 6. The position closed on 18 May 2017 11:00 AM UTC at 1.11358 and the profit was 2.5%. AdMACD parameters for EURUSD on close were 43, 174, 12...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, May 18th Today the EUR/USD pair once again refreshed its half-year highs at 1.1172 spot in Asia. However, the pair was unable to hold its positions and returned to the region of 1...
On 11 May 2017 10:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for EURGBP currency pair at 0.84119 under 55, 167, 19. The position closed on 18 May 2017 10:00 AM UTC at 0.85285 and the profit was 1.39%. AdMACD parameters for EURGBP on close were 55, 167, 19...
Aggravated in the US political uncertainty caused sales in global stock markets, especially American ones. Investors once again fear that the Trump administration will face difficulties in carrying out tax reform and budget incentives. The dollar fell sharply in the foreign exchange market...
GBPUSD: The pair continues to retain its short term uptrend but with caution. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level...
Selling of risky asset shifted into high gear after a weak US session. The lack of real drivers has allowed noise around US politics to derail fundamentals optimism...
The future does not seem so bright for Japan when looking at fundamentals. The level of debt is astonishing (€8.6 billion debt at 0% interest rate) and the population is ageing. The debt now represents 250% of the GDP...