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Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 7 of April
In the first half of yesterday's trading session, the counter-currency dollar were declining against the background of weak output data according to the German Industrial Production, in February this index fell by 0.5%, but it was still worse than expected decline by 1.8%.... (Read more)
Daily Technical & Fundamental Analysis
Daily Analysis from EW-Forecast | USDCHF / USDJPY | 7 of April
USDCHF is back at the lows so obviously bears are still here but not far away from completion as we see red wave C) trades close to Fibonacci support of 100% compared to red wave A).... (Read more)
Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 8 of April
According to the results of penultimate day in this trading week the euro lost 20 pips, British pound fell by 65 pips. Yesterday, Fed members took the floor: Mester has called all voting Fed officials for a raise, Evans, Kaplan and Bullard took the side of "postpone".... (Read more)
Daily Technical & Fundamental Analysis
Daily Analysis from EW-Forecast | Crude OIL / German DAX | 8 of April
Crude oil has turned higher two days ago, so we see first wave down from 42.46 as completed five wave decline, thus current rally is likely going to be in three waves. It's a corrective structure, maybe even wave 2 that can stop at some very nice technical resistance seen around 39.80-40.00 area.... (Read more)
Latest Forex News
The US labor market shows strengthening
Yesterday's US data confirmed market expectations. Number of US citizens who applied for unemployment benefits fell more than expected last week. Thus, the labor market continues to strengthen its position against the background of weak economic growth.... (Read more)
Latest Forex News
Rockefeller Treasury Services, Inc. Analytics | 8 of April
One of the Feds big worries is whether German export markets are foundering to the extent they drag down the entire economy. We have had some lousy data recentlyfactory orders and output. Behind the scenes, so to speak, however, the domestic household sector has been on the rise.... (Read more)
Daily Technical & Fundamental Analysis
Fundamental Analysis | EURUSD / GBPUSD | 11 of April
On Friday, the euro was able to show a slight increase and to get out for a short time from the prolonged lateral movement. However, there is no merit of Europe in this. Exports in Germany for February was able to grow by 1,3%, Imports - by 0.4%.... (Read more)
Daily Technical & Fundamental Analysis
Daily Analysis from EW-Forecast | USDCHP | 11 of April
USDCHF is still in a deep pullback since December of 2015 when pair found a high at 1.0327 which we think it's a temporary top since we see current big decline as corrective wave IV. Ideally this wave IV belongs to a big ending diagonal pattern that could resume up from an important trendline connected since start of May of 2015.... (Read more)
Latest Forex News
Oil is decreasing on the background of gloomy prospects for the upcoming meeting of oil leaders
Price for crude oil has been decreasing in morning trading on Monday. This is largely due to the fact that many agencies, including Goldman Sachs, are forecasting gloomy perspectives on the expected meeting between leading producers, referring to the global market overstocking.... (Read more)
Latest Forex News
Rockefeller Treasury Services, Inc. Analytics | 11 of April
What should we be worrying about? We see four potential tipping points. First, US company earnings. Alcoa starts the ball rolling but it’s big bank earnings, starting Wednesday, that have the potential to scare the market. Average S&P earnings are forecast down 8.5% y/y, but what if it’s worse?... (Read more)