After falling as much as 20% in the second half of April, crude oil is making a comeback as the West Texas Intermediate bounced back at around $48 a barrel, up roughly 3% over the week...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, May 12th The GBP/USD pair was showing deadly quiet trades in Asia after crucial events of last trading session. Today the pound is consolidating yesterday’s drop to its 5-day lows, marked at 1...
Trading recommendations Sell Stop 1.0835. Stop-Loss 1.0880. Goals 1.0820, 1.0800, 1.0780, 1.0700, 1.0630 Buy Stop 1.0880. Stop-Loss 1.0835. Goals 1.0895, 1.0950, 1.1000, 1...
After on Wednesday the US Energy Ministry presented data on commercial oil and petroleum products in the US for the previous week, oil prices rose sharply. Reserves in the US, contrary to forecasts, fell by 5.247 million barrels. This was the largest weekly decline this year...
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GBP/USD As expected, the Bank of England left interest rates unchanged at 0.25%. Despite a hint at the possible faster rate increase of interest rates in the future, the bulls were disappointed by the decline in the forecast for GDP growth this year from 2% to 1.9...
Today the Bank of England will decide about its interest rate that should likely remain around 0.25% against the backdrop of political uncertainties. Indeed, the 8th of June New General Election will take place, after Theresa May asked the Queen Elizabeth to dissolve the parliament...
The New Zealand dollar tumbled 1.20% during the Asian session after the RBNZ surprised the market with a dovish statement. The Kiwi slid to 0.6718 against the greenback, its lowest level since June 3rd last year. The central bank held the Official Cash Rate (OCR) at record low 1...
TP HIT on GBPUSD.📌+80 pips profit . Closed position at 1.2900 Check out on Trade history on Telegram messenger https://telegram.me/tradingupdate...
According to data provided yesterday by the US Department of Energy, commercial oil reserves in the US fell by 5.247 million barrels in the week of April 29-May 5. Oil reserves in the US declined for the fifth week in a row, and this is the largest weekly decline this year...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, May 11th The NZD/USD pair slumped to its 11-month lows, marked at 0.6818 in early Asian hours, following RBNZ decision to leave its official cash rate at its record low level of 1.75...
On 05 May 2017 08:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for EURCAD currency pair at 1.50201 under 47, 277, 60. The position closed on 11 May 2017 03:00 AM UTC at 1.49342 and the profit was 0.57%. AdMACD parameters for EURCAD on close were 39, 96, 11...
EURUSD: With the pair extending its downside pressure on Tuesday, further weakness is likely in the days ahead. Resistance comes in at 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level. Further up, resistance lies at the 1...
Since mid-April, gold has continued to decline and it is now around its lowest level since March. This comes as the French election fears have now faded and also recession risks have seemed to be lower for some time. There are a few things to be said anyway though...
After rallying aggressively since the beginning of the week, the greenback retreated against most of its peers as investors took a breather to assess the dollar’s outlook. The dollar index rallied as much as 1.16% since Monday morning and hit 99.68, thanks to a sharp debasement in the CHF (-1...
As the financial and geopolitical tensions in the world decrease (the elections in France, the election of a new president in South Korea, which prioritizes the establishment of relations with the northern neighbor), the monetary policy of the Fed is again on the forefront, aimed at its gradual t...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, May 10th Today the EUR/USD pair performed attempt to recover from its nearly 2-week lows, witnessed during last trading session, but faced strong resistance just a few pips before 1...
As the electoral situation in France fades into the background, investors' attention is shifted again to the probability of an early increase in the interest rate in the United States. So, according to the CME Group, the probability of a June interest rate hike is estimated by investors at 88...