|Day's Range||1.175 - 1.177|
|52 Week Range||1.0348 - 1.2093|
The EUR/USD was under pressure on Monday as the focus turned to the ECB later this week or the announcement of the new Fed chair, which Trump is poised to announce. The ECB is likely to address the QE program and cut month purchases back from the current 60 billion per month. Technicals The EUR/USD … Continue reading EUR/USD Daily Technical Analysis for October 24, 2017
Euro/Dollar shows little rate movement – high and low difference is 43 pips and traded volume is extremely low. A neutral sentiment of the traders is 1% short. Rate movement is relatively flat and trading has been slow, so no significant moves in funds are likely. Pound/Dollar gained some ground, but the following decline has … Continue reading Midday Forex Snapshot – October 19, 2017
The EUR/USD is trading lower shortly before the U.S. opening. Rising U.S. Treasury yields and optimism over U.S. tax reform is behind the selling pressure along with general position-squaring ahead of Thursday’s European Central Bank’s monetary policy announcement. Traders should also be watching for a possible announcement this week of President Trump’s Fed Chair appointee. … Continue reading EUR/USD Mid-Session Technical Analysis for October 23, 2017
EUR/USD The pair broke down significantly lower towards the 1.1775 level during Friday’s session as Fed is turning hawkish going into the future which will lead to the strengthening of US dollar. The pair has a strong support at the 1.17 handle and market has also given an upside breakout earlier from this level. Overall, the … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – October 23, 2017
Japanese Prime Minister Shinzo Abe’s party has won a resounding, albeit not surprising, victory in Japan’s election on Sunday. The victory will maintain Japan’s ultra-easy monetary policy for the foreseeable future. The markets had been concerned that Abe’s economic policy would have been disrupted if his party did not maintain their “super majority” two-thirds win in … Continue reading Abenomics Continue Into 2021?
The U.S Dollar has remained resilient. The Yen has been sold off as the Nikkei Index continues to track upwards and in the wake of Prime Minister Abe’s election victory on Sunday. Gold remains under pressure and is battling headwinds. USD/JPY: Victory by Prime Minister Abe Secures Policy The Yen has continued to get weaker … Continue reading Daily Market Forecast, October 23, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
Good Monday morning, the team is here with this week’s first Support and Resistance Level Report. We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 18 and S1 of 1 1760. Standing near a 20 day moving average, R1 is well confirmed with 11 models. R2 counts a 50 day moving … Continue reading Monday Support and Resistance Levels – October 23, 2017
The EURUSD pair ended down for the day on Friday and the weakness continues today as well as the strength in the dollar shone through while the Eurozone continues to deal with the situation in Spain which has added pressure on the euro for the short term. The market is likely to move sideways over … Continue reading EUR/USD Daily Fundamental Forecast – October 23, 2017
Following a rise in UK inflation, the GBP struggled against the dollar, How would you sum up Sterling’s week and where do you see it going next? It’s been a dire week for the Pound, with inflation’s rise to 3% doing little in terms of support with the new BoE Deputy Governor stating that he … Continue reading Pound Struggles, NAFTA weighed on the Loonie and Catalonia Still Hanging over the Euro
The US Dollar closed the previous week slightly higher on Fed members’ comments and hawkish sentiment. Currently, investors had priced in a roughly 91.7 percent probability of a rate increase in December. In the week ahead, investors will closely watch: UK Q3 Growth Domestic Product on Wednesday at 9:30 GMT Bank of Canada Rate Decision on Wednesday at 15:00 GMT … Continue reading Weekly Forex Technical Analysis, Oct 23 – Oct 27, 2017
The EUR/USD pair went back and forth during the week, testing the 1.17 level underneath for support, but also rallying enough to test the 1.19 level. It is because of this that we had formed a bit of a neutral candle, and I think we are trying to decide where to go next. If we … Continue reading EUR/USD forecast for the week of October 23, 2017, Technical Analysis
The EURUSD pair spent another week in a consolidation mode and though there has been a bit of volatility over the last week, it basically ended the week going nowhere. This has been the situation with the pair since the last few weeks where the pair has been caught in a 300 pip range between … Continue reading EUR/USD Fundamental Analysis – week of October 23, 2017
The EUR/USD moved lower reversing course mid-day. Prices were initially buoyed by a stronger than expected German PPI report, and a widening current account. The ECB’s Nowatny sees a gradual exit from QE, which also should help buoy the Euro. U.S. yields moved higher, helping the dollar gain traction in the wake of the U.S. … Continue reading EUR/USD Daily Technical Analysis for October 23, 2017
The EUR/USD is trading lower at the mid-session. The Euro posted a wicked two-sided trade, but remained inside yesterday’s range. This indicates investor indecision and impending volatility. Supporting the U.S. Dollar is the passing of the U.S. budget which paves the way for tax reform. Pressuring the dollar is President Trump’s possible appointment of a … Continue reading EUR/USD Mid-Session Technical Analysis for October 20, 2017
These are the Friday’s Daily Trading Signals and here’s how the technical studies line up with the interbank sentiment at 8 AM GMT. Most of the hourly studies are pointing South for the Euro/Dollar. Mid term outlook is neutral and long term brings mixed results. Interbank sentiment is bullish at 17% long. Pound/Dollar has an … Continue reading Forex Trading Signals – October 20, 2017
Good morning traders, the team is here with this week’s last Support and Resistance Level Report. Euro/Dollar has lost some ground and now stands below R1 of 1 1830 and above S1 of 1 18. The lowest resistance line has found 5 matches, and Bollinger Upper Band is among the 3 models for R2. R3 … Continue reading Friday Support and Resistance Levels – October 20, 2017
FRANKFURT (Reuters) - Larger exports of goods boosted the euro zone's current account surplus in August, European Central Bank data showed on Friday, countering concerns about the impact of a stronger ...
EUR/USD Initially, the market went in sideways direction during the Thursday’s session but later fell downward. The market at the 1.18 level offers a good support base extending towards the 1.19 level. The pair rallied upwards and continues to find good buying opportunities. The market is expected to rally towards the psychologically important 1.20 level … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – October 20, 2017
Earlier in the Day: There were no material stats released through the Asian session today, as the markets struggle with a number of driving forces through the week. On Thursday, we saw the Kiwi Dollar slump 1.71% in response to NZ First’s decision to side with Labour in a coalition government, with further declines being … Continue reading With Abe Looking Set to Take the Weekend Election in Japan, Focus Remains on the Dollar and the Effects of Spain on the EUR
The EUR/USD pair went sideways initially during the day on Thursday, but then did dip at one point. It appears that traders like the idea of Spain taking control of Catalonia, as they have bought the EUR Hanover fist since then. The 1.18 level should offer support, and I think it’s only a matter of … Continue reading EUR/USD Forecast October 20, 2017, Technical Analysis
The EURUSD pair moved higher during the course of trading yesterday as hopes of a deal being struck at the Brexit talks improved. Though nothing has been finalised as yet and the stalemate at the talks continued, the statements from Merkel and the UK PM May has suggested that some progress is happening and that … Continue reading EUR/USD Daily Fundamental Forecast – October 20, 2017
Mark Haefele, global chief investment officer at UBS Wealth Management, explains his positioning of long on European equities while underweight on U.K. equities.
The jobs of both the president of the Eurogroup and Euro Working Group will soon be up for grabs as incumbents step down at the end of the year.