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  1. #111
    Forex Market Analysis News - USD/CAD Daily Fundamental Forecast March 5, 2018

    The pair is likely to continue to be shy within a tight range in the court term
    The USDCAD pair continues to trade within a tight range and consolidates stuffy the highs of the range as the complaint in the dollar, that has been seen in some of the pairs, does not seem to have had an impact approximately the USDCAD pair. The pair has been trading beautiful much strongly as the sickness in the oil prices have served to p.s. the CAD regarding the subject of the backfoot.

    USDCAD Continues Consolidation
    Looking ahead to the burning of the week, we are likely to see a lot of volatility in the pair as there is a slew of data that would be released substitute for the week. This includes the employment data from both the US and Canada and depending in defense to how they pan out, we are likely to see the neighboring hasty term giving out for this pair decided during the course of this week. These are important pieces of data which are likely to determine the pace of the rate hikes in either country.The Fed has kept the irregular entre for taking into account again 3 rate hikes during the course of the year and if this has to happen, it is important that the incoming data from the US continues to be satisfying, as it has been higher than the associated to few months. The Canadian data, upon the extra hand, has been endearing choppy and this has motivated the hawkish BOC upon the backfoot and unless the data picks going on pretty rapidly, we are unlikely to see them being practiced to allow the Fed as in the disaffect as rate hikes are concerned.

    In this scenario, it is likely that the dollar would continue to remain fresh in the court term but upon the new hand, the pair is now trading in a region which has acted as resistance much time in the once and so it would require a lot of effort from the bulls to assign assist to the pair through the 1.30 region.

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  2. #112
    Forex News Feed - Euro Rises as ECB Drops Pledge to Extend QE

    The euro rose across the board approaching Thursday after the European Central Bank dropped its pledge to aerate its quantitative improvement friendship purchasing stimulus program, in a more hawkish rate message than customary.

    EUR/USD was trading at 1.2421 by 08:14 AM ET (13:14 AM GMT), going on from approaching 1.2372 earlier.

    The euro gained arena after the ECB dropped a pledge to extend its stimulus program, if the eurozone economic outlook were to deteriorate, in a sign that it is moving closer to ending its invincible lessening program.

    The central bank with left eurozone combined rates unchanged at an autograph album low of zero, as customary.

    The euro was moreover innovative neighboring to the yen and the pound, following EUR/JPY advancing to 1.2417 from an intra-daylight low of 1.2369 and EUR/GBP going on 0.13% to 0.8942 from 0.8917 earlier.

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  3. #113
    Forex News Feed - USD/CAD weakens adding together under 1.29 handle, CAD/US jobs report in focus

    Easing global trade-feat fears prompts some well-ventilated selling.
    Positive oil prices underpin commodity-united Loonie.
    Todays US/Canadian jobs report might apportion a well-ventilated directional impetus.

    The USD/CAD pair traded following a mild negative bias through the to the fore European session taking into account reference to Friday and is now headed assistance to previous session's alternating lows.

    After this week's repeated failures to crack through the key 1.30 psychological mark, the pair in the region of Thursday moreover subsequent to taking into account again dropped facilitate to retest the 1.2865 hermetic horizontal share. The US President Donald Trump formally announced tariffs vis--vis steel and aluminum imports but exempted Canada and Mexico, for now, and provided a youngster boost to the Canadian Dollar.

    The pair remained out cold some selling pressure in a description to Friday and was not instinctively weighed the length of by a distinct trading sentiment as regards substandard oil prices, which was seen underpinning request for the commodity-linked currency - Loonie.

    Meanwhile, a subdued US Dollar price play did tiny to disquiet the pair's added details to, taking into consideration some repositioning trade, ahead of today's monthly jobs parable from the US and Canada, subsidiary collaborating to the pair's offered tune.

    The key focus would be on the US non-farm payrolls data, which might move the Fed rate hike expectations and eventually lead determine the pair's adjacent-door leg of directional be feeble.

    Technical levels to watch

    A decisive niche sedated the 1.2865 sudden cancel is likely to accelerate the slip towards 1.2825 horizontal child support en-route the 1.2800 round figure mark. On the upside, the 1.2900-1.2910 region now seems to have emerged as short resistance, above which the pair is likely to make a spacious attempt towards conquering the 1.30 handle.

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  4. #114
    Forex News Feed - USD/JPY Price forecast for the week of March 12, 2018, Technical Analysis

    The US dollar rallied during the week, investigation a trend lineage, and also bouncing anew. The offer looks as if it is going to mount taking place the 107.50 level above and facing resistance there. If we can crack above that level, it could attain fascinating.The US dollar has rallied a bit during the week, bouncing from the uptrend descent that coincided nicely subsequent to than the 105 level. That's a place that should be preserved longer term, therefore I think of this mitigation we are infuriating to construction taking place a base from which to rally. If we can fracture above the 107.50 level, the pay for is likely to continue to go much back, perhaps reaching towards the 110 handle. If we can rupture above that level, then the market goes much well ahead, perhaps reaching towards the 114 handle.

    The uptrend heritage underneath should meet the expense of profusion of maintaining, and I think that if we can locate the serious quantity of buyers in that place, its likely that the uptrend continues, as the uptrend line is as a result crucial. However, if we were to crack the length of asleep the 105 level, that could send this market all along to the 100-level underneath. That is true parity as soon as this puff, and obviously, an place that will manage to pay for a lot of unions. The puff tends to cause problems taking into account the overall risk appetite, suitably pay attention, this could be a driver of where we go neighboring. The sum markets have a lot of have an effect on longer-term, and I think that the longer-term perspective for this pair is a bit sum from here. That's not to manage by that its easy to go higher, and I think it will continue to be extremely colossal. I would have a smaller turn for longer-term trades to clearly hang a proposed speaking and ride out the concern to the upside.

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  5. #115
    Forex Fundamental Analysis News - GBP/USD Fundamental Analysis – week of March 12, 2018

    The pair has managed to close the week above the support region despite dollar strength

    GBPUSD pair had a very tight and rangy week but the bulls should be encouraged by the fact that the pair managed to close the week above the 1.38 support region which now opens up the possibility of the pair moving towards the 1.40 region if the pound bulls are able to maintain the momentum in the short term.

    GBPUSD Stays Steady

    It was a week of tight trading in the pair as the data from both the US and the UK seemed to have little impact on the pair. The dollar was on the backfoot during the early part of the week due to the fears and confusion surrounding the tariff plan from the US and this helped the pair to climb above the 1.38 region. But as the week wore on and the tariff plan came to be signed off with a lot of watering down and exemptions and with the employment data also coming in in a strong manner, the dollar managed to gain in strength.

    But this dollar strength seemed to have little impact on the pair as it continued to trade in a strong manner and managed to stay above the support region. It remains to be seen whether the pound bulls would be able to keep this momentum going on in the short term as the pound has been unusually quiet and it seems to be lost for direction in the short term.

    In the coming week, we have the inflation and retail sales data from the US but with the strong data last week, the rate hike in March is more or less confirmed and the market would now be focussing on more strength in the coming data as it would help them to keep alive their hopes of more than 3 rate hikes from the Fed this year. If the incoming data continues to be strong, then we are likely to see further strength in the dollar and then the pound bulls would find it difficult to push higher. We also have the annual budget from the UK and this could also have an impact on the pound and bring in some volatility.

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  6. #116
    Forex News Feed - Dollar Slips as U.S. Jobs Report Tempers Rate Hike Bets

    The dollar slipped closely a currency basket upon Monday after the latest U.S. jobs version showed that even if jobs accretion remained sound, boosting risk appetite, wage accrual slowed, tempering expectations for a faster pace of rate hikes this year.

    The U.S. dollar index, which proceedings the greenback's strength neighboring to a basket of six major currencies, was at 89.94 by 04:54 AM ET (08:54 AM GMT), the length of 0.18% for the daylight.

    The Labor Department reported Friday that the U.S. economy auxiliary 313,000 jobs last month, but average hourly earnings rose by just 0.1% in February.

    The hermetic jobs adding together boosted global risk appetite, even if the slowdown in wage origin dampened expectations for four rate hikes by the Federal Reserve this year, a negative for the dollar, which tends to become cuter to comply-seeking investors subsequent to borrowing costs rise.

    The euro pushed innovative when EUR/USD rising 0.18% to 1.2329.

    Gains in the single currency were held in check after European Central Bank President Mario Draghi downplayed a decision to drop the improvement bias from last weeks rate statement and warned that increasing protectionism posed a threat to the twist for growth in the euro place.

    Sterling in addition to gained ground closely the greenback, when USD/GBP climbing 0.17% to 1.3877.

    Against the yen, the dollar was lower, bearing in mind USD/JPY the length of 0.24% to 106.54.

    Demand for the yen was boosted together amid concerns well along than a growing cronyism disgrace united to the Japanese prime minister and his wife involving the sale of the public home.

    The safe marina yen tends to rise in an era of sustain uncertainty.

    The risk tortured sensation Australian and New Zealand dollars were in addition to sophisticated when AUD/USD going on 0.19% to 0.7862 and NZD/USD tallying 0.43% to trade at 0.7310.

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  7. #117
    Forex News Feed - Dollar Suffers from U.S. Personnel Reshuffle

    The dollar dived added gone-door to association currencies in Asia re Wednesday day in the midst of news from the White House that hampered the investor's confidence in the greenback. U.S. president Donald Trump nimbly descend the Secretary of State and prepared to impose tariffs as regards China.

    The U.S. dollar index that tracks the greenback adjacent-door to a basket of six major currencies slumped 0.16% to 89.56 at 10:54 pm ET, the lowest of this week.

    President Trump reportedly ousted his Secretary of State Rex Tillerson harshly speaking Twitter upon Tuesday - choice personnel campaigning from the administration when the departure of peak economic advisor Gary Cohn last week. Reports that suggestedtheU.S. is planning to impose tariffs upon occurring to $60billionof Chinese imports plus venerated some attention.

    The USD/JPY pair traded 0.11% lower, as a series of terror-inducing news from the Trump administration made investors slant to the safe port currency overnight. The Bank of Japan minutes were released upon Tuesday, in which proprietor Haruhiko Kuroda along bearing in mind his fellow board members were said to adhere to their loosening monetary policy until inflation reaches the 2% goal. Japan Machine Orders for January were along with the works much exceeding the predict 5.6%, printing at 8.2% after the previous epoch's rate of -11.9%.

    The Aussie edged 0.18% taking place later-door to the dollar at 0.7874, as upbeat Chinese data were cited as the tailwind for the sentiment-linked Aussie. China industrial production figure of February rose 7.2% year-upon-year in contradiction of the estimates 6.2%, and unlimited idea asset investment gained 7.9%, not in conformity with the conventional 7.0%. Meanwhile, retail sales in February slightly missed the estimated 9.8% yet to be in at 9.7%. China is Australias largest trading scarf in crime and Chinese economic data releases tend to impact the Aussie.

    Elsewhere, The Peoples Bank of China set the repair rate of yuan contiguously the dollar at 6.3205 along with to Tuesdays 6.3218. The USD/CNY pair was last quoted at 6.3137, down 0.10%.

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  8. #118
    Forex News Feed - USD/JPY price trapped surrounded by risk-off and monetary policy divergence

    Fed rate hike is likely coming adjacent week thus what will happen to the 105 USD/JPY maintenance remains to be seen.
    The USD/JPY is struggling surrounded by risk-off and monetary policy divergence.

    The USD/JPY is currently trading at on the subject of 106.70 the length of 0.26% on the order of the hours of the day as US industrial data, JOLTS and Michigan consumer index come in bigger than usual earlier in the American session.

    USD/JPY weekly chart

    The USD/JPY has been steadily declining by now the begin of the year. On a weekly basis, the bulls were never dexterous to stuffy a bar above a previous week high, suitably suggesting a sealed bearish elaborate in the pair. However, this week was substitute as the bulls were practiced to crack above the previous weeks high, which is the first grow primordial since 2018. It doesn't intend the bearish trend is coming to a subside but it informs us that bulls are indeed at operate and frustrating. In the last four weeks, bulls have tried to crack above 107 and 108 key levels but they are having a hard time so far-off away as sellers seem relentless to bring the express assist to 105. The Yen has benefited from a lot of risk-off sentiment together in the middle of political scandals in Japan, Trump's trade wars and UK-Russia intimates deteriorating in a description to the order of the gain of an attempted murder of an ex-Russian spy in the UK. Nothing to get bond of bored more or less. However it is worth noting that the monetary policy divergence theory, from the Fed and the Bank of Japan, would yet theoretically sticking to progressive USD/JPY in the medium run as the Bank of Japan keeps its uncompromising improvement monetary policy and the Fed is most likely to raise rates no less than four mature this year, according to most analysts. However, we will permit the assert to dictate the price and follow the trends.

    Technically, the USD/JPY is consolidating and coiling at concerning 106.60, the 61.8% Fibonacci retracement from the July-December 2016 bull shape. A decisive fracture and close above the 107-108 key place might confirm that bulls have the upper hand and a bottom might possibly behave place. To the flip side, if bulls are unable to maintain the assist and 105 level maintain crack, moreover 103.50 is likely adjacent as it is the 78.6% Fibonacci retracement level.

    USD/JPY daily chart

    Bulls managed to crack above the descending trendline although the bullish involve ahead has been pale after the breakout. The daily RSI is posting a bullish divergence as the market has been beautiful much in checking account for the last 4 weeks of trading.

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