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TD FX Strategy Research thinks that we are only in the early stages of the unwind of the broad USD bull market. "Other major central banks are moving to a more hawkish stance, rotating emphasis away from the Fed...
Next week starts on Sunday, at least for German voters, who are asked to cast their vote in the federal election. Opinion polls point firmly to Angela Merkel retaining the chancellery, to which CIO attaches a 90 percent likelihood. CIO expects the short-term market reaction to be somewhat muted...
Crypto-currencies like Bitcoin fail two key tests of what makes a currency a currency, Global chief economist Paul Donovan argues in the new 'Thought of the Week'. No currency has a natural value. The fact that Bitcoin is just computer code doesn't matter...
First, a review of last week’s forecast: - EUR/USD. Recall that experts appeared to be completely bewildered when giving last week’s forecast: 40% of them voted for the growth of the pair, 40% for its fall and 20% for a sideways trend...
USDCHF: With the pair following through higher on the back of previous week gains the past week, more strength should follow. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level...
North Korea once again threatened to test a nuclear bomb, and again quotations of gold prices crawled up. Foreign Minister Li Yong-ho said on Thursday that his country could conduct the most powerful test of a hydrogen bomb in the Pacific Ocean...
EURJPY: The pair continues to hold on to its broader medium term uptrend though facing price hesitation. On the downside, support comes in at the 133.50 level where a break if seen will aim at the 133.00 level. A cut through here will turn focus to the 132...
The EURCHF pair has reached its highest level since the floor was abandoned in January 2015. The pair has even reached 1.1620 CHF for one euro coin. The bullish move is mostly due because of the anticipation of the asset purchase program being reduced by the ECB in October...
Chinese equities ended lower for the second day in a row after Standard & Poor’s stripped China of AA- rating. The Shanghai Composite fell as much as 0...
Hello traders, Have you created a trade plan for this event today? Here is a trade plan including price movement scenario, and we will read Market Sentiment as a reflection the market participants will do what during that event...
GBPUSD: The pair saw price rejection on Wednesday leaving risk of more weakness on the cards in the days ahead. Support lies at the 1.3450 level where a break will turn attention to the 1.3400 level. Further down, support lies at the 1.3350 level...
As Philip Lowie, the RBA's governor, said today, the bank expects "a gradual decline in the unemployment rate, which should help accelerate the growth of salaries", adding that "based on the current situation, we are aimed at further reducing unemployment and are on the way to the middle of the t...
During the night, the Bank of Japan has announced its rate remain on hold. It is certain that the Bank of Japan was also closely looking towards the Fed which had its meeting yesterday night...
As widely expected, the FOMC finally triggered the process to reduce the size of its $4.5tn balance sheet...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, September 21st The EUR/USD pair remains under bearish pressure on Thursday on the back of renewed buying interest around the greenback, underpinned by the hawkish outcome of the FOMC meeting...
EURUSD: With the pair may be biased to upside in the medium term but faces a pullback risk on price hesitation. However, it will have to break and hold above its key resistance located at the 1.2091 level to prevent a return to the downside. Resistance comes in at 1...
he big news event on 20 September will be the report of the US Federal Reserve’s Open Market Committee – we believe the central bank will finally announce plans to start selling its massive holding of bonds. This is likely to begin in October. Meanwhile, the Fed is unlikely to move interest rates...
Trading on world stock exchanges today is sluggish. Market participants took a wait-and-see position before the Fed decision on rates...
Markets remained largely calm on Tuesday with the U.S. dollar steadying ahead of the highly anticipated Federal Reserve decision today at 18:00 UTC. Could this be the calm before the storm? Maybe, because there is a high risk of volatility in all dollar crosses...
