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US initial jobless claims week ending 24 June 2016 Prior 259k. Revised to 258k Continued claims 2.120m vs 2.150m exp. Prior 2.142m. Revised to 2.140m 4 week average 266.75k vs 267.00k prior. Revised to 266.75k As near as straight down the line as you can get it...
FTSE 100 On UK index, FTSE100 we expect more gains in the short-term as the recent minor pullback appears to be a wave four within an uptrend. We are looking for wave five to rally towards 6350-6400...
Chinese Caixin Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China...
EURUSD Daily Analysis EURUSD (1.11): EURUSD has been bullish for the past three consecutive days with yesterday’s price action filling the gap from June 24 closing price at 1.1105. Price action is now seen challenging the 1...
USD/CAD Trade Idea Major Support – 1.2920 (90 4H EMA) Loonie has slightly recovered after making a low of 1.29310. It is currently trading around 1.2949. Short term trend is bullish as long as resistance 1.31204 (Jun 27th 2016 high) holds. Any break above 1.3125 will take the pair to next level 1...
Australia goes to the polls about a week after Brexit. This could shape the direction of the Aussie while the world is not looking...
GBP/USD is trading back at the 1.35 handle, around 400 pips off the lows seen on Monday. The reaction to Brexit was brutal but the correction is quite spectacular as well. What’s next for the pound? Will it continue higher or is the recovery over...
Brexit has hit the pound hard but the euro is doing quite well. Here is their view, courtesy of eFXnews: Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground...
CHF/JPY Trades Well Above 105, Jump Till 106.56/107.60 Is Possible Major resistance – 105.10 (3 day EMA) Major support – 103.50 The pair has broken major resistance 105.10 and jumped till made a high of 105.48 at the time of writing. It is currently trading around 105...
Boris speaking but he hasn't actually declared he's in the running. He's making a big speech which sounds like he might go either way. The way he's speaking he sounds like he's not going to enter. I'm a tax cutting conservative but wants a fairer capitalism You live longer under conservatives...
Swiss National Bank vice-chairman Zurbruegg speaking in Russia 30 June Flexible like a 30% appreciation in a session after you remove a cap? Constant intervention ? Yep all very fiexible, for the SNB at least. Excuse me while I fall about laughing. deposit rate of minus 0...
June 2016 Eurozone CPI flash report 30 June 2016 Prior -0.1% Core 0.9% vs 0.8% exp y/y. Prior 0.8% TAPER!! No real details come with the flash report so that's that...
Details of the Q1 2016 UK GDP final revision data report 30 June 2016 Prior 0.4% 2.0% vs 2.0% exp y/y. Prior 2.0% Business investment -0.6% vs -0.5% prior q/q -0.8% vs -0.4% prior y/y...
UK justice secretary Michael Gove has just announced his intention to lead the Conservative Party A change of heart/mid from Gove who had previously said he would support Boris...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 30th GBP/USD Current price: 1.3372 (-0.4...
FxWirePro: USD/CAD Faces Strong Support Around 1.2930, Good to Sell on Rallies Major Support – 1.2920 (90 4H EMA) Loonie has slightly recovered after making a low of 1.29310. It is currently trading around 1.2949. Short term trend is bullish as long as resistance 1...
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. While the rebound from last Friday’s 1.0909 low has been more resilient than expected, there is no change to the bearish outlook for EUR. The current price action is viewed as a corrective rebound and as long as 1...
FxWirePro: AUD/CHF Faces Strong Resistance at 0.7380, Good to Buy at Dips Major resistance – 0.7380 (61.8% retracement of 0.7574 and 0.70323) Major support – 0.7160 (200 4H MA) AUD/CHF has retreated sharply after making a high of 0.73170. It is currently trading around 0.72710...
GBPUSD: The pair strengthened further on Wednesday leaving risk on the upside. However, its broader medium term outlook remains lower. On the downside, support lies at the 1.3400 level where a break will turn attention to the 1.3350 level. Further down, support lies at the 1.3300 level...
