EUR/USD – Key Technical Levels To Watch Today
October 7th -
EUR/USD has surely been an adventurous ride for traders in the past few weeks. While the trend has mostly been bearish with the market dropping down to around 1.09, a level that was last seen in the first half of...
Forex Trading: Technical Analysis (GBPUSD) – October 04, 2019
October 4th -
The Great Britain Pound (GBP) inched higher against the US Dollar (USD) on Friday, increasing the price of GBPUSD to more than 1.2300. The price of the pair increased after major economic news released. The technical bias may remain bullish...
EU – We Are Not Close To A Deal With The UK
October 4th -
Pound Sterling has been influenced by the events circling Brexit for almost three years now. While there still are other factors in play determining the trend for this currency in the forex market, Brexit has earned a reputation for driving...
U.S Imposes Punitive Tariffs On EU Goods
October 4th -
While much of the world is focused on the U.S – China trade war, not many realize that Trump administration has also waged a tariff war with the European Union (EU) as well. Ever since the case for Airbus receiving...
ISM Manufacturing Index – Sufficient Reason For Further Rate Cut?
October 2nd -
The Federal Reserve realized its rate-cut strategy back in July of 2019. Owing to the additional pressure from the White House, the interest rates were further cut down a few weeks ago as well. The indicators were clearly pointing towards...
World GDP Growth Forecasted As The Lowest In 8 Years
October 1st -
As per the Global Economic Outlook (GEO) report by Fitch Ratings for the year 2019, the global economy is experiencing a consistent decline over the past few years. The world economy is likely to take the greatest hit this year...
Eurozone Unemployment Rate Recorded As The Lowest In 11 Years
September 30th -
EUR/USD has been in a long-term bearish trend for quite a few months with September of 2019 witnessing a major crash to the 1.09 level that was last seen back in May of 2017. The European session on Monday, September...
Conservative Party’s Annual Conference – Potential Volatility Ahead For GBP/USD?
September 29th -
Manchester is hardly ever the center of attention for forex traders looking for impactful political or economic events that may direct their weekly strategies. The capital of England, London, usually takes on this role. In the upcoming week, however, the...
1.10 And 1.30 Anticipated As The Imminent Targets For GBP/USD
September 28th -
The avid traders of “Cable (GBP/USD) pair from around the globe have been keenly following the events of Brexit since the second quarter of 2017. Owing to its gravity, it is given to have a strong impact on the value...
Interesting Financial Events To Unfold On September 27th, 2019
September 27th -
Traders of the financial markets from all over the world are keenly waiting for the significant events to unfold on September 27th, 2019 (Friday). As per the recently released data (07:00 GMT +1) on Friday, German import prices have witnessed...
Uncertainty Prevails In U.S Economic Signals
September 27th -
Approaching the end of the week, the economic signals for U.S dollar ($) have been undecided so far. While the home sales (both new and pending) remained hawkish, a withering (9 points decline) in conference board consumer confidence was manifested...
US Dollar Continues To Outperform The Euro On The Back Of A Dovish Fed
September 19th -
The EURUSD pair continues to trade sideways this week as the respective central banks move to stabilize the exchange rates. On Friday, September 13, the EURUSD pair closed at 1.10711 and later climbed to 1.11568 on Sunday, September 15. However,...
Pound Sterling On Rocky Ground, The Greenback Set To Gain More Ground
September 19th -
The UK pound is one of the most volatile currencies in the market thanks to the Brexit referendum in 2016. This week, the performance of the GBP continues to mirror the prospects of a no-deal Brexit. The GBPUSD sentiment...
British pound gains a little ground on positive UK services PMI rise
January 4th -
The British pound gained ground against the US dollar earlier Thursday, both before and after the release of the December services PMI. Data experts IHS Markit reported services sector activity grew at the fastest pace since April 2017. The details...
British pound holds steady despite UK manufacturing PMI slip
January 2nd -
The British pound was little changed in the wake of the weaker than expected UK manufacturing purchasing managers index, Tuesday. The closely watched index showed the pace of growth was slower than had been anticipated in December.
British pound retains strength following retail sales data
December 14th -
The British pound made steady gains overnight and earlier Thursday in the wake of the Wednesday US Federal Reserve policy meeting and better than expected UK retail sales data. While rates rose, as expected, the central bank kept its outlook...
British pound gives up gains on UK jobs data
December 13th -
The British pound moved lower Wednesday morning, following a disappointing UK jobs report. Sterling had made gains against the dollar earlier, as an electoral win for Democrat Doug Jones in Alabama weakened the Republican’s Senate majority.
British pound gains on near six-year high UK CPI rate
December 12th -
The British pound gained some support earlier Tuesday from official data showing a higher-than-expected increase in the UK’s consumer price inflation rate. However, the UK currency lost a little ground, shortly after the release.
British pound subdued amid downbeat UK survey data
December 11th -
The British pound remains subdued in Monday morning trading. Investors appear cautious amid continued Brexit uncertainty and a brace of downbeat UK surveys published overnight.
US dollar gains ground on non-farm payrolls data
December 8th -
The US dollar gained strength following the release of monthly US non-farm payrolls data Friday. The report showed payrolls rose, although earnings growth disappointed.
Confirmed Brexit breakthrough boosts British pound
December 8th -
The British pound moved higher earlier Friday, following news an agreement has been struck over the Irish border issue, paving the way for Brexit negotiations to finally move forward to the next phase.
US dollar makes gains on US tax reform bill hopes
December 7th -
The US dollar is holding on to earlier gains mid-afternoon Thursday, as investor sentiment is buoyed by the US government’s efforts to deliver the US tax reform bill to US President Trump, this side of Christmas.
Brexit headlines increase downward pressure on British Pound
December 6th -
Another day, another breaking news Brexit story. Occasionally they offer good news, but not Wednesday. The British pound sank further against the US dollar on the latest revelation that no official impact assessment of Brexit on the UK, exists.
British pound slides on Irish border disagreement, disappointing data
December 5th -
After riding high on reports of an agreement on the Irish border, Brexit issue, the British pound lost all the ground it had made, plus more, on news that wasn’t quite the case. Sterling came under further pressure Tuesday morning,...
British pound pushes higher on Irish border development
December 4th -
The British pound drove higher Monday, following news discussions surrounding the Irish border issue appears to have been settled.