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Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 15 of December
Yesterday, the news from the United States were absent, the euro was able to use it to strengthen its position due to own positive background. The volume of industrial production in October increased by 0.6% m/m. Also, Mario Draghi yesterday said about the readiness to increase spectrum of the current monetary policy.... (Read more)
Daily Technical & Fundamental Analysis
Daily Analysis from EW-Forecast | GBPAUD / GBPUSD | 15 of December
GBPUSD is pointing down after decline yesterday to 1.5110 that looks like a first leg of a minimum three wave move down. For now we see only two legs; wave (i)/(a) and (ii)/(b) so more weakness should follow after current bounce to 1.5180 that can be near completion.... (Read more)
Latest Forex News
Rockefeller Treasury Services, Inc. Analytics | 15 of December
Today’s headline data is Nov CPI, expected at 0.3% y/y from 0.2% the month before. Core CPI should be the same 1.9%. (although Bloomberg has 2%). This doesn’t set anyone’s hair on fire but the Fed is expected to announce a hike tomorrow all the same.... (Read more)
Latest Forex News
Oil is approaching to $20
Oil prices failed below $35 a barrel on trading in New York, but some countries are already conducting business in conditions of much lower price. Oil from Mexico is now sold for less than $ 28 per barrel, the minimum value in the last 11 years.... (Read more)
Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 16 of December
All yesterday's trading day was spent in anticipation of today's news, counter-USD currencies declined. Traders immediately closed their positions after the release of good data on the UK and the euro zone, such reaction was caused by the reluctance to take risks before tomorrow's Fed decision on rates.... (Read more)
Daily Technical & Fundamental Analysis
Daily Analysis from EW-Forecast | DAX / USDJPY | 16 of December
German Dax is in a nice recovery from 10119 level where we think that index might have reached a bottom because of broken channel line. At the same time we see good personality of a bullish impulse that suggests more gains ahead.... (Read more)
Daily Technical & Fundamental Analysis
Daily Analysis | EURUSD PRE FOMC bi-directional channel | 16 of December
As I have already explained in the article and my last EURUSD analysis the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last Session Recap webinar provided a 100 pip+ rejection as we saw the perfect drop from 1.1050 zone.... (Read more)
Latest Forex News
Rockefeller Treasury Services, Inc. Analytics | 16 of December
You might not know it from the headlines, but we do get some US data today, including housing starts. The Reuters survey gets a forecast of 1.135 million (annual pace) from 1.135 million in Nov and 1.060 million units in Oct.... (Read more)
Latest Forex News
OPEC is not afraid of US exports
The US government will soon remove a long embargo on oil export, thereby allowing the world's largest producer of oil and gas raw materials to sell their goods to other countries.... (Read more)
Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 17 of December
Until the announcement of results of the Fed's benchmark interest rate, "competitors" of the US dollar declined under pressure of their own weak indicators, as well as some positive news from the US.... (Read more)