All Blogs
The Brazilian real was unable to recover completely from the panic sell-off that took place after the alleged corruption of President Michel Temer. After spiking USD/BRL to 3.40, the real stabilised at between 3.25-3.30, far above the 3.10 level prior to the revelations...
Estimated levels for today: Support (S1 / S2 / S3 = 1242.52 / 1239.55 / 1234.73), resistance (R1 / R2 / R3 = 1252.16 / 1255.13 / 1259.95). The key levels of resistance (1 st from 1219.02 to 1238.85 at the end of the day, 2nd wind 1217.51 to 1229.78...
Estimated levels for today: Support (S1 / S2 / S3 = 46.89 / 65/28), resistance (R1 / R2 / R3 = 47.64 / 88 / 48.26). The key resistance levels (1 st from 47.39 to 47.38 at the end of the day, 2nd from 47.84 to 47.41...
In mid-morning trading, the FTSE 100 is 17 points higher, while Mark Carney does his best to talk down the pound...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, June 20th The GBP/USD pair was consolidating its yesterday’s decline within 1.2730-40 range throughout the Asia, backed by jitters surrounding Brexit negotiations...
After last Wednesday the Fed announced an increase in the key interest rate, precious metals continued to go down in the foreign exchange market. The index of the dollar WSJ rose above the level of 88.60, to the level of 88.75 on Monday...
USD/JPY Yesterday the pair passed the level of 111.00 and today it is very close to the next local resistance of 111.80. Behind it - two more important levels 112.00 and 112.30. Technically this area is able to hold up bulls for a while and even cause a correction to 110.00...
USDJPY: The pair continues to face upside pressure as it closed higher on Monday. On the downside, support comes in at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level...
Analysts at Scotiabank explained that there are no major releases scheduled ahead of Friday’s flash PMI’s, leaving the near-term focus centered on headline risk and Brexit negotiations. Key Quotes: "Bullish CFTC EUR positioning has climbed to a fresh multi-year high, at levels last seen in 2011...
Currently, GBP/USD is trading at 1.2736, down -0.35% on the day, having posted a daily high at 1.2816 and low at 1.2723. GBP/USD has taken a knock with the appointment of the LSE Professor Silvana Tenreyro to the MPC who is seen as a dove. Cable dropped a quick 60 pips...
Banxico is clearly following the Fed rate. The Mexican central bank even changed its agenda in 2015 to carefully follow the Fed meetings and to maintain a rate differential to avoid any capital outflow. Tonight the institution will raise to 7...
Roughly one year after the British referendum, the Brexit negotiations officially start today in Brussels. This will be a long and winding road for the UK government, particularly since the Conservative party lost its majority in the House of Commons...
Heading to support at 43.76 • Crude oil is finally continuing its decline since the recent collapse from $52. Support is given at a distance 43.76 (05/05/2017 low). Expected to show further decline...
Selling pressures continues. • Silver declines. Closest support is given at 16.44 (18/05/2017 low). Strong support is given at 16.06 (09/05/2017 low). Key resistance is given at a distance at 19.00 (09/11/2017 high). The...
Monitoring uptrend channel. • Gold is now monitoring the lower bound of the uptrend channel. Hourly support is located at 1249 (intraday low). Stronger support is given at 1214 (09/05/2017 low). Expected to show...
Failing to hold above 1.0900. • EUR/CHF's bearish pressures are back. Yet, we believe that the medium-term pattern suggests us to see continued bearish pressures towards hourly support that can be found at 1.0792...
Bearish pressures increase. • EUR/GBP is back below former support given at 0.8787 (13/03/2017 high). Other support can be found at 0.8652 (08/06/2017 low). Expected to further decline...
Monitoring symmetrical triangle • EUR/JPY has bounced back after breaking hourly support given at 122.56 (18/05/2017 low) has been broken. Hourly resistance can be found at 125.82 (16/05/2017 high). Major support is...
Profit-taking. • AUD/USD is pushing higher since the pair has failed to reach hourly support given at 0.7329 (09/05/2017 low). The technical structure is clearly positive and the pair should head towards...
