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EUR/USD The pair tested the highs in the 1.1445 area on Thursday and today returned to the support of 1.1400 and it can continue correction to 1.1280 without affecting the newly acquired uptrend. AUD/USD The Australian dollar didn’t stay long above the key resistance of 0...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, July 3rd The EUR/USD pair extends its downside correction from its 3-month highs, having broken through resistance, located at 1.14 level, as bulls have taken a breather ahead of eventful week...
Both EUR/USD and GBP/USD opened this summer week near their highs with the U.S. dollar remaining weak ahead of Friday’s U.S. jobs report. Trading volumes could however be light at the start of this holiday shortened week with U.S. markets being closed Tuesday. The U.S...
USD/JPY has suffered a slight setback in the early hours of Monday trade, with the exchange rate reaching a session low of 112.10 from 112.42 NY close last Friday, before an attempt to recover its footing and fill the gap, last at 112.30...
AUD/USD clocked a low of 0.7673 after the data released in Australia showed the building permits in May tanked 5.6% m/m. The drop was way bigger than the expected -1.3% print. China Caixin PMI showed the manufacturing activity returned to expansionary territory in June...
GOLD: The commodity continues to face downside pressure leaving risk to the downside. On the downside, support comes in at the 1,230.00 level where a break will turn attention to the 1,220.00 level. Further down, a cut through here will open the door for a move lower towards the 1,210.00 level...
Failure is another opportunity to start everything first. But start with a lot of experience and wisdom. A failed transaction when trading in the financial market is also a signal. A signal that points to the need to take everything under tight control...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex...
EURUSD: The pair closed higher on a rally the past week leaving risk of price extension on the cards. Resistance comes in at 1.1500 level with a cut through here opening the door for more upside towards the 1.1550 level. Further up, resistance lies at the 1...
After 15 straight quarters of growth, the Eurozone is currently at mid-cycle, with economic expansion above trend, core inflation low, and there is room for unemployment to fall further, said UBS Chief Investment Office (CIO...
The upcoming week will be dominated by PMI releases and labor market data from around the globe. CIO expects the data to support the view of strong global growth. The central bank meetings in Australia and Sweden are unlikely to bring any big surprises...
Opening of the transaction of BUY happens at Ask price, and closing on Bid. Thereafter spread is paid when opening the transaction. Opening of the transaction of SELL happens at Bid price, and closing on Ask. Thereafter spread is paid when closing the transaction...
To begin with, a few words about the forecast for the previous week, which was a week full of speeches by senior Central Bankers globally. Forex trends were influenced by the ECB head Mario Draghi, as well as his colleagues from the Bank of England Mark Carney and Bank of Japan Haruhiko Kuroda...
EURGBP- The cross closed lower the past week after rejecting higher prices. This development now leaves risk lower as we enter a new week. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Resistance resides at the 0...
USD/CHF moved to the upside during the American session amid a decline of the Swiss franc across the board. The pair climbed to 0.9597, hitting a fresh highs while other crosses of the forex market remained sideways, in minor ranges...
According to analysts from Danske Bank, it is too early for a discussion about the exit strategy from the Bank of Japan. They see EUR/JPYmoving toward 137 in a year from now. Key Quotes: “We see any discussions regarding an exit from unconventional policy by the Bank of Japan (BoJ) as premature...
Although the earlier data from the euro area showed that the inflation increased more than expected in June (1.3% vs. 1.2% YoY), the shared currency struggled to gather further strength against the USD. As we approach the end of the last trading day of June, the EUR/USD pair is trading at 1...
Cable’s near-term outlook stays neutral/bearish, according to Chief FX Strategist at Socotiabank Shaun Osborne. Key Quotes “Intraday price action looks a little soft again with Cable struggling to hold above 1.30...
The shared currency stays within the daily range following releases in the US docket, with EUR/USD navigating around the 1.1400 handle. EUR/USD upside still capped near 1.1450 The pair keeps the daily correction lower unchanged after US personal income expanded more than expected in May, up 0...
