Morning Report: 07.00 London This morning, the US dollar is making a tentative rally in thin post-Thanksgiving trading. Despite this, the Greenback is still set for losses on the week. These losses have been fuelled by FOMC caution and concerns over the impact of Trump’s tax reforms. The dollar pairs are on the back foot, […]

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 1860 and S1 of 1 1830. R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 5 other models, and R3 is a […]

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 1860 and S1 of 1 1830. R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 5 other models, and R3 is a […]

Data released on Thursday from Markit Economics showed eurozone’s thriving economy powered ahead in November, with new manufacturing orders reaching 17-year highs and a resilient labour market that has shown steady growth. The data suggests that eurozone businesses experienced their best month in almost 7 years, with the main indicators of demand, output, employment and […]

Data released on Thursday from Markit Economics showed eurozone’s thriving economy powered ahead in November, with new manufacturing orders reaching 17-year highs and a resilient labour market that has shown steady growth. The data suggests that eurozone businesses experienced their best month in almost 7 years, with the main indicators of demand, output, employment and […]

Wave summary: The ongoing minor correction from 1.7136 is expected to peak between 1.7237 – 1.7265 for continuation of the correction in wave ii towards 1.6619. In the short term a break below minor support at 1.7184 will indicate that EUR/NZD is ready to challenge important support at 1.7100 and a break below here will […]

Wave summary: The ongoing minor correction from 1.7136 is expected to peak between 1.7237 – 1.7265 for continuation of the correction in wave ii towards 1.6619. In the short term a break below minor support at 1.7184 will indicate that EUR/NZD is ready to challenge important support at 1.7100 and a break below here will […]

USDCAD is consolidating its gains made after a bounce to the October 27 high of 1.2916. Momentum indicators are relatively neutral. The rally off the 6-month low of 1.2061 from September to October has lost steam after finding strong resistance at the 50% Fibonacci retracement level (1.2922) of the downleg from medium-term downtrend from 1.3793 […]

USDCAD is consolidating its gains made after a bounce to the October 27 high of 1.2916. Momentum indicators are relatively neutral. The rally off the 6-month low of 1.2061 from September to October has lost steam after finding strong resistance at the 50% Fibonacci retracement level (1.2922) of the downleg from medium-term downtrend from 1.3793 […]

Wave summary: EUR/JPY continues to hover just above the short-term important support at 131.14. We need a break below this level to get things going towards the downside and confirm that wave (D) was completed with the test of 134.50 and wave (E) lower towards the ideal downside target near 123.43 is developing. In the […]

Wave summary: EUR/JPY continues to hover just above the short-term important support at 131.14. We need a break below this level to get things going towards the downside and confirm that wave (D) was completed with the test of 134.50 and wave (E) lower towards the ideal downside target near 123.43 is developing. In the […]

When the European market opens, some Economic Data will be released, such as German Ifo Business Climate. The US will release the Economic Data, too, such as Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]

When the European market opens, some Economic Data will be released, such as German Ifo Business Climate. The US will release the Economic Data, too, such as Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]

In Asia, Japan will release the Flash Manufacturing PMI data, and the US will release some Economic Data, such as Flash Services PMI and Flash Manufacturing PMI. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.87. Resistance. 2: 111.65. Resistance. […]

Eurozone Strong growth in business activity in the Euro zone confirms the correctness of the policy chosen by the ECB. According to IHS Markit, composite PMI in November was 57.5 points, which significantly exceeded forecasts, with the index at a high of 6.5 years, which makes it possible to expect GDP growth in the 4th […]

The Euro was on the rise during today’s European trading relative to major other currencies as preliminary November eurozone PMI figures surprised to the upside. The greenback was on a negative footing after markets interpreted the Fed minutes from its latest meeting as being on the dovish side, while the Canadian dollar lost ground after […]

Thanksgiving seems to have taken some of the volatility out of the markets, but let’s have a look at the performance of the 8 majors. After rising sharply only hours into the session, New Zealand/Canada posts the day’s top move, which is a gain of just point 42%. Overnight New Zealand retail sales stats disappointed, […]

The October FOMC Meeting Minutes overall report reflected recent comments by Fed members and did not point to any significant change in attitudes. Most of the members are in favor of raising interest rates in the near future, signaling their readiness to increase in December. The market valuation of this step is currently around 90% […]

According to the Second GDP Estimate data, in the past quarter, the UK economy grew at an annual rate of 1.5%. Those are the results from more detailed national accounts, which confirm the preliminary estimates provided by the Office for National Statistics. In the presented report, the investment in fixed assets was considerably slower, which […]

The Forex industry is one of the world’s most high pressure ways of making money. However, the forex industry is full of interesting and fascinating facts, and finding out about them is a great way to relax. Here are 10 fun facts you probably don’t know about the foreign-exchange markets.   The worst currency inflation […]

The Dollar found itself under pressure on Wednesday and extended losses on Thursday following November’s dovish FOMC minutes. With Fed policymakers concerned over low inflation, investors may start to question the central banks’ ability to raise rates three times in 2018. In the United Kingdom, the second estimate for Q3 GDP hit 0.4% which was […]

OPEC’s meeting on whether to extend productions has the Oil market on edge. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the London […]

GOLD BULLION regained the last of this week’s prior 1.3% loss against a weakening US Dollar in London trade Thursday, as other markets whipped amid uncertainty on the path of US interest rates following yesterday’s release of notes from the Federal Reserve’s latest policy meeting.   Holding rates unchanged on 1 November, but signalling a […]

The news release schedule is light on Friday, the 24th of November. Let’s take a quick look. German Ifo Business Sentiment for November is up first at 9. The October index surprised strongly on the upside, rising to a record-high level. However, this release comes after the breakdown in German coalition talks, and it remains […]

The BITCOIN (BTC) has been trading sideways at the price of $8.125. In order “to prevent the abuse of the system for criminal and unlawful activities and ensuring the stability and integrity of the financial system,” Bank Negara Malaysia Governor Tan Sri Muhammad Ibrahim stated 22 November 2017 that those trading in cryptocurrencies will be […]