Overview: The GBP/USD pair opened below the resistance of 1.4055. It continued to move downwards from the level of 1.4055 to the bottom around 1.4015. Today, the first resistance level is seen at 1.4055 followed by 1.4123, while the daily support 1 is seen at 1.3901. Furthermore, the moving average (100) starts signaling a downward […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -Holidays in China, USA and Canada. -NZD BRL & ZAR are all gainers vs USD. -Eurogroup ministers meet to pick a new ECB VP. -Japan’s Export growth. -China and the US square up over metals. -The rich are different, or at least their assets are. The overnight changes and price moves […]

When the European market opens, some Economic Data will be released such as Eurogroup Meetings, and Current Account. Today, the US will not release any Economic Data, so EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.2482. Strong Resistance:1.2475. Original Resistance: 1.2463. Inner Sell Area: […]

In Asia, Japan will release the Trade Balance, but the US will not release any Economic Data today. So there is a probability that the USD/JPY pair will move with low volatility during the day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 106.68. Resistance. 2: 106.47. Resistance. 1: 106.26. Support. 1: 106.01. Support. 2: 105.81. Support. 3: […]

Price has dropped perfectly as expected and we are now seeing the price testing major resistance once again (channel resistance, horizontal overlap resistance, Fibonacci retracement), and a further drop is expected below this level towards the 0.7318 support (Fibonacci extension). RSI (89) sees a long term descending resistance line holding the bearish momentum in price […]

Price is testing major resistance at 0.7431 (Fibonacci extension, horizontal swing high resistance), and a strong reaction could occur at this level to push the price down towards the 0.7256 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. Sell below 0.7431. Stop […]

Positive macroeconomic data allowed the dollar to finally recoup from a prolonged fall caused by panic sell-offs in stock markets. Against the Euro, the dollar fell below the psychological level of 1.24, the reason was the increased demand for the dollar after unexpectedly positive data on the housing market for January. The number of new […]

Eurozone The Euro feels most confident among the G10 currencies, and the main reason for this confidence is a strong economic base. The eurozone demonstrates high growth rates in production, the trade balance is confidently proficient, and the Indices of business activity and consumer confidence are overshooting. The GDP growth rate in 2017 was 2.7%. […]

After selling off relentlessly in early February, U.S. equities stabilized over the past week. Unfortunately the recovery in stocks provided zero relief to the U.S. dollar, which extended its losses against all of the major currencies. The Japanese Yen was the best performer, but EUR/USD hit the biggest milestone rising to its strongest level since […]

After selling off relentlessly in early February, U.S. equities stabilized over the past week. Unfortunately the recovery in stocks provided zero relief to the U.S. dollar, which extended its losses against all of the major currencies. The Japanese Yen was the best performer, but EUR/USD hit the biggest milestone rising to its strongest level since […]

After selling off relentlessly in early February, U.S. equities stabilized over the past week. Unfortunately the recovery in stocks provided zero relief to the U.S. dollar, which extended its losses against all of the major currencies. The Japanese Yen was the best performer, but EUR/USD hit the biggest milestone rising to its strongest level since […]

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The quotations of the EUR/USD are testing three-year peaks, but unlike last year, when the tone was set by the Euro, in 2018 the successes of “bulls” in the main currency pair are due to the weakness of the US dollar. At first glance, it seems sales were surprising. The yield of 10-year US Treasuries […]

GBPJPY has been indecisive since its plunge to a 2 ½-month low of 147.95 on Wednesday, moving sideways between 149-150. The market, however, lacks positive sentiment as technical indicators suggest that a move to the downside is a more likely outcome in the near future. The Relative strength index (RSI) seems to be gathering negative momentum […]

Global equity Indices have largely rebounded after their recent slide. The DOW Jones and the S&P 500 have already recovered more than half of their losses. While stock markets may well be headed for new highs, the sustained surge in US Treasury yields should give investors pause for thought, as fresh records in equities could […]

Japanese trade data for the month of January are scheduled for release on Sunday at 2350 GMT. Exports are projected to grow for the 14th consecutive month on a yearly basis and imports for the 13th. Yen pairs will be gathering attention as the data go public, though – especially as of late – those […]

This week, the global markets stabilized following the panic that ensued following the release of inflation data from the United States. The US stock market has had five days of straight gains despite data showing that inflation was returning. The DOW, S&P,and the NASDAQ have each gained by more than five percent. As the stocks […]

Market sentiment is the attitude of investors and the emotion of the market be it bullish or bearish. Fear, excitement, impulse. They say markets buy on rumors and sell on news. Find out why. Join EasyMarkets’ Senior Global Strategist James Trescothick in his interactive webinar, where he will look at how to gauge market sentiment […]

Monetary policy meeting minutes from the US Federal Reserve and the European Central Bank may attract more attention than usual in the coming seven days in a relatively subdued week for economic indicators. The Reserve Bank of Australia will also be publishing the minutes of its last policy meeting. In terms of data, flash Eurozone […]

Economic Calendar is extremely light on this Monday, 19th of February, which is a market holiday in the US, Canada and China. Euro Zone current account release for December opens this agenda at 9 o’clock in the morning. Surplus rebounded in November after October’s drop of almost 9 billion euros. Euro Zone construction output for […]

The GBPCAD pair is currently holding above 1.75000, attempting to break out to new highs above 1.76590. Trendline resistance is at 1.77279, with 1.77500 and 1.77815 further up before 1.78000. Support can be found at the rising blue trend line around 1.74050 and also 1.74617, which is the high from the 1st of December, and […]

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.

GOLD PRICES neared their highest weekly finish against the Dollar in almost 4 years on Friday, trading 3.0% up for the week as the US currency extended its drop on the FX market.   Friday morning’s benchmarking auction in London set the highest AM gold price since late January’s 17-month high, finding a balance of […]

Here are the latest developments in global markets: Forex: Despite rising US Treasury yields, the dollar was under pressure against its major peers, with traders attributing the phenomenon to concerns surrounding a potential ballooning US debt and the expectations that other central banks could start raising rates amid higher inflation prospects. Dollar/Yen tumbled to a fresh […]

BITCOIN (BTC) has been trading sideways at the price of $9.700. Japan’s two cryptocurrency associations have reportedly decided to merge in order to restore trust in the industry and accelerate self-imposed rules. Once approved by the Japanese financial regulator, the new organization will have the power to set penalties for breaches of self-regulation. The technical […]