A technical look at the major currency pairs heading into the new trading week
What are the technical’s saying for the major currencies. The EURUSD extended the week’s trading range in the NY afternoon (taking out the low from Tuesday at 1.12402. The break…
Read More »LET’S SEE HOW AND WHEN IT TURNS IN OUR FAVOR, THIS WEEK FOREX TRADING
U.S. DOLLAR started to loose it’s grip last week. Things should turn in our favor later or sooner. Eur usd stabilized and the downward momentum is vanished. The pair is…
Read More »Euro Forecast: Outlook for EUR/USD Still Positive, Focus on Recovery Fund
The key event for Euro traders to watch out for in the coming week is Friday’s European Council video conference, called to discuss an EU recovery fund and the EU…
Read More »Oil Price Recovery to Linger as US Crude Output Continues to Contract
The ongoing contraction in US production may keep the price of oil afloat as crude output narrows for ten consecutive weeks.
Read More »ForexLive Americas FX news wrap: US dollar rebound continues even as risk picture improves
Forex news for New York trade on June 12, 2020: Markets: – Gold up $3 to $1730 – WTI crude oil up 22-cents to $36.56 – S&P 500 up 39…
Read More »Events to Look Out for Next Week
Moving into a new week, the focus is now squarely on the EU-UK meeting and the monetary policy meetings in the world’s major economies (BoJ and BoE) and their potential…
Read More »GBP/JPY prints five-day losing streak to slip below 134.00, UK GDP eyed
GBP/JPY stands on a slippery ground near 133.85, down 0.63% on a day, amid the initial hour of Tokyo open on Friday. The pair drops for a fifth consec
Read More »EUR USD LATEST FORECAST
In previous post we highlighted that Eur Usd is stabilized and near term bottom is in place. Eur usd :— Eur Usd is holding ground this week. Weakness in euro…
Read More »China infrastructure investment over the next 5years expected to be $1.4 trillion
The Wall Street Journal totalling up the many projects underway and planned and coming up with the figure. for more (may be gated) Link The next few months will…
Read More »