On Friday, investors concentrated their attention on the publication of macroeconomic statistical data. Statistics on the labor market of the USA were weaker than predictions of analysts. Frosts again became the main reason why the quantity of created workplaces appeared below market forecasts...
This past week did not lacked entertainment, although it was quite soft as just “minor” Central Banks played the currencies’ war. The Singapore Central Bank eased its currency policy announcing it would take measures to slow the appreciation of the Singapore dollar...
Generalising the opinions of 35 analysts from world leading banks and broker companies collected in a table as well as forecasts based on different methods of technical and graphical analysis, the following can be expected: - that the EUR/USD pair will continue striving downwards to the 1...
Focus of the day...
After setting a new 11-year low at 1.1097 following Greek elections result last Monday, the EUR/USD pair spent the week in consolidative mode, finding finally sellers in the 1.1422 level, slightly below the 61.8% retracement of the post ECB-QE-announcement slide...
EURUSD, linear regression channel with two standard deviations on monthly chart...
Fundamental Forecast for Dollar:Neutral The US Dollar has advanced for seven consecutive months through January – a record back to the GoldStandard NFPs and the PCE inflation indicator will further stir hawkish Fed expectations, but the theme may be mature When is ‘in-line’ a source of fundamenta...
Weaker U.S. Growth Leaves EUR/USD With Little Room To Move The GDP numbers out of the United States disappointed by missing the 2014 fourth quarter forecast. In the quarter the U.S. economy expanded at a rate of 2.6 percent, this is lower than the anticipated 3.0 percent...
Best-selling author and money historian Mike Maloney has been speaking about the "deflation first, inflation after" scenario since 2005...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP /USD, and NZD/USD. EUR/USD: is likely to hold the current wide range...
The British pound against the greenback achieved lower territory as we have been previously expected, despite that the CBI Realized Sales were stronger than expected...
Russian Deputy Prime Minister Igor Shuvalov on Friday said floating the ruble was an extremely painful but necessary step. "We believe that [free floating the ruble] was done extremely painfully, but completely justified and correct," Shuvalov said during a parliamentary session...
The Gold metal advanced to cap at $1306.67 the previous week and yesterday declined to support at 1252.06. The precious metal is in an uptrend as indicated by the rising trend line. Moreover, we see that the Gold found support at the 20 Simple Moving Average and at the 38...
The advance U.S. 4Q Gross Domestic Product (GDP) report may generate a larger rebound in EUR/USD should the fresh batch of data highlight a slowing recovery in the world’s largest economy...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. Top news of the week: EU extends Russia sanctions. How far the economic wars can go...
The eFXnews Team shares SEB’s technical outlook for AUD/USD, with SEB predicting the pair to bounce higher from 0.7720 before resuming lower. Key Quotes “After the strong rejection lower on Wednesday the market has both rechecked and validated the break of the very important 0...
The FXMarketAlerts Team shares that AUD/USD is now eyeing the 0.7720 low, with the pair weighted down by falling commodities and RBA rate cut expectations. Key Quotes “AUD/USD at 0.7777/79, running into selling interest ahead of 0.7800. With focus on 5-half year lows of 0.7720. Then 0.7700 handle...
In this lesson we are going to learn about the Average directional Index (ADX), an indicator which helps traders determine when the market is trending, how strong or weak a trend is, and when a trend may be about to start or reverse...
Emmanuel Ng, FX Strategist at OCBC Bank, views the dovish hints from BOE members to drive GBP/USD towards 1.5000 levels in the near-term. Key Quotes "The GBP-USD remained particularly susceptible to dollar cues despite the EUR stabilizing on Thursday with cable dipping briefly below 1.5050...
Analysts at Societe Generale, view NZD/USD set for a deeper correction, expecting the pair to head towards 0.6870 levels in 1-3 months. Key Quotes “The pair has confirmed a multi-month head and shoulder (daily chart) and is evolving within a descending channel...
