Welcome to the easyMarkets weekly outlook starting this Monday 26 May. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. Event: US Durable Goods Order (May) Date: Monday 26 June 2017 at 12:30 GMT Markets affected: EUR/USD, GBP /USD Trending hashtags: #usd Durable Goods Orders […]
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The news release schedule is short on Monday, the 26th of June, but it does have some known market movers. German Ifo Business Climate for June is released at 8 AM. The Index surprised very much on the upside in May, soaring to its highest level since 1991. UK Mortgage Approvals for May are out […]
Officials last week gathered at the European Commission headquarters in Brussels for the start of Brexit negotiations, which will soon set the terms of the UK’s divorce from the European Union. Brexit talks will focus on trade, legal, logistical and financial terms of Brexit and how exactly Northern Ireland, a U.K. province, will remain in […]
Global Economic Optimism Continues
Global equities moved higher on Monday as optimism continued to improve on global economic growth. However, USD remained somewhat subdued in early trading as the outlook for US inflation remains tenuous as restrictive bond yields continue to raise concerns about the Federal Reserve’s strategy to tighten their economic policy. In general, markets think the pace […]
Global Economic Optimism Continues
Global equities moved higher on Monday as optimism continued to improve on global economic growth. However, USD remained somewhat subdued in early trading as the outlook for US inflation remains tenuous as restrictive bond yields continue to raise concerns about the Federal Reserve’s strategy to tighten their economic policy. In general, markets think the pace […]
Global macro overview for 26/06/2017: Today the US will release the Durable Goods Orders data at 12:30 PM GMT and market participants are expecting orders to decrease from 0.7% to 0.5% in May, marking the second straight monthly slide. The orders measured on the yearly basis are expected to remain moderately positive, posting a 4% […]
Oil Pressure on CAD
Ken FX Freak’s view on Canadian Dollar, given the Oil market selling. NZD strength could gather pace, as RBNZ do not mention any concerns of its recent activity. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#215590 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy […]
Trading plan for 26/06/2017
Trading plan for 26/06/2017: The start of the week on the markets is quiet, which favors a day off from work in some Asian financial centers. The FX market is stable, EUR/USD is close to 1.1200, USD/JPY is trading around 110.30. Moderately bullish buyers are dominating the Asian stock markets. The market moving event is […]
Good morning traders, you’re watching this week’s first Support and Resistance Level Report. The first pair for this report is the Euro/Dollar, which stands between R1 of 1 1210 and S1 of 1 1170. Standing near a 20 day moving average, R1 is well confirmed with 12 models, while R2 is a 6 month high […]
Forex Market Wrap 27-06-2017
– UK trade body released bearish assessment for the economy to 2020. – Italian Banks to drain Government coffers further. – Euro dollar testing back to support. – US Inflation forecast diverging from the Fed’s predicted path.
Wave summary: We continue to look for a break above minor resistance at 1.5504 as indication that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing. Short-term support is seen at 1.5279, which should to be able to protect the downside for the expected break above 1.5504 for a rally to […]
Wave summary: We continue to look for more upside towards 127.00 as the next upside target. In the short term, a break above minor resistance at 124.65 will confirm the expected rally higher towards 125.80 on the way higher to 127.00 and 133.34 as the next major upside targets. Support is now seen at 124.33 […]
Overview: The EUR/USD pair continues to rise from the level of 1.1184. It should be noted that the support is established at the spot of 1.1184 -1.1114, which represents the 61.8% Fibonacci retracement level on the H4 chart. Since the trend is above the 61.8% Fibonacci level, the market is still in an uptrend The […]
Overview: On the one-hour chart, the GBP/USD pair bullish trend from the support levels of 1.2680 and 1.2737. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]
Boris and Kathy Forex Weekly – 26/6/2017 – Majors By all counts, it was an extremely quiet week in the foreign exchange market. There was very little change in the U.S. dollar, which traded unevenly against all of the major currencies. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-26-6-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find […]
Boris and Kathy Forex Weekly – 26/6/2017 – Commodity Dollars By all counts, it was an extremely quiet week in the foreign exchange market. There was very little change in the U.S. dollar, which traded unevenly against all of the major currencies. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-26-6-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA […]
Boris and Kathy Forex Weekly – 26/6/2017 – Crosses By all counts, it was an extremely quiet week in the foreign exchange market. There was very little change in the U.S. dollar, which traded unevenly against all of the major currencies. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-26-6-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find […]
The index had a retracement during Friday’s session and the support zone of 97.10 could be challenged in coming hours. We’re still following the bullish idea for the US Dollar Index, as the price isn’t so far from the 200 SMA area at H1 chart. If USDX manages to break above 97.43, then it can […]
The pair consolidated its price action around the 200 SMA at H1 chart at the end of the week and it’s looking for catalysts that help to push higher the price towards the resistance zone of 1.2826. However, as the bias is still bearish and pointing to the south, we could take this opportunity as […]
Recently USD/JPY has been in the corrective structure at the edge of breaking the resistance area of 111.60-112.20. There has been a good amount of volatility in the intraday charts which lead to small indecision candles in the daily chart. After the Federal Funds Rate hike to 1.25% from 1.00% USD has been observed to […]
EUR/USD is currently residing inside a corrective structure after the break above the resistance level of 1.1140. Recently due to mixed economic reports on the both currencies of the pair, the market is currently residing in a range of 1.1140 to 1.1280 area. Today we have EUR German Ifo Business Climate report to be published […]
AUD/USD has shown a good amount of bullish pressure on Friday after bouncing off from the support area of 0.7500-50. AUD has been quite stronger recently due to positive Employment Change and Unemployment Rate report published recently along with Positive GDP report AUD has been dominating USD till date. Today we do not have any […]
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Forex News Discussion: 23/06/2017 – Oil stabilizes from 10-month lows; Pound firmer on hawkish BoE
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.