Latest Forex News Brent is continuing to hold the level above $50 In the first hours of today's Asian session, the price for Brent crude oil has been declining. Although the standard was able to keep them at maximum levels of the last two months, as well as above the important level of $50 per ba
Daily Technical & Fundamental Analys Daily Analysis from EW-Forecast | GBPUSD / Crude OIL | 19 of June On the intraday chart of GBPUSD, we are observing a nice impulsive three wave move taking place, with price now trading within black wave 3 or C, with a little more upside to go, ideally tow
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 19 of August British Pound in yesterday's trading showed unusual activity. Strong upward movement was caused by Retail Sales for June. It released better than expected: index rose from 4.3% to 5.9% year on year. Aga
Latest Forex News Oil is trying to consolidate above $50 This morning oil quotes were fluctuating in both directions. Although over-supply of global stocks did not give a reason for starting the upward movement. The price for Brent crude oil have been above $50 per barrel for some time (the first
Daily Technical & Fundamental Analys Daily Analysis | GBPUSD | 18 of August The GBP/USD has broken through resistance on the winds of Inverted Head and Shoulders pattern (green rectangle). POC comes within 1.3165-80 and we could see rejection towards 1.3102 and if it breaks then 1.3020 is nex
Daily Technical & Fundamental Analys Daily Analysis from EW-Forecast | Crude OIL | 18 of June On the daily chart of crude oil, we labeled retracement from blue wave 5 highs as corrective move; a double zig-zag that seems completed as of recent upward impulsive action. That said if we are corr
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 18 of August Yesterday's Fed minutes did not meet expectations of investors. Even after William Dudley said about the increasing in near future. Despite the fact that two members of the FOMC voted for increasing in
Latest Forex News Iran does not allow oil to rise General sentiments for further optimism in the oil markets this morning were reduced. Cost of crude oil at the beginning of Asian session has decreased. Optimism of investors has disappeared on the background of complications in the upcoming deal
Daily Technical & Fundamental Analys Daily Analysis | USDCAD | 17 of August The USD/CAD has been in a strong downtrend after a break of a trend line (blue). Which is indicated by a failed W bullish pattern in uptrend (green rectangle). At this point we see a strong bearish zig zag targeting s
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 17 of August Yesterday's news from the UK and Eurozone have released better than expected. And sent pound and euro up. British Consumer Price Index for July increased from 0.5% y/y to 0.6% y/y. Core CPI was released
Daily Technical & Fundamental Analys Soros does not believe in S&P 500 George Soros, the American billionaire, who made his name in 1992 by betting against the pound, has recently doubled bearish bets against the market. Today it was announced that fund of one of the major investors in th
Daily Technical & Fundamental Analys Daily Analysis from EW-Forecast | EURGBP / USDJPY | 16 of August EURGBP made a strong push higher recently, indicating that even more gains may be in the cards for this pair. Red wave 3) could be completed soon and a pullback in the red wave 4 may be expec
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 16 of August First day of the week did not bring us any important data. By the end of session, the euro closed its position with a rise by 22 pips. Due to the growth of oil by 2.26% and the stock market (S&P 500
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Latest Forex News Oil growth amounted to 10% for the last month Large investors have serious hopes for the upcoming OPEC meeting in Algeria in September. Against this background, oil prices are rising for the third consecutive session, and recently reached the highest level for last three weeks.
Daily Technical & Fundamental Analys Daily Analysis | GBPJPY | 15 of August The dragon - GBP/JPY currency pair is in a strong downtrend. The uncertainty of the GBP due to upcoming Brexit, with the already sensitive Yen due to stimulus in Japan and bullish trends in Equities, just add to the o
Daily Technical & Fundamental Analys Fundamental Analysis | EURUSD / GBPUSD | 15 of August Friday's data from the US were weaker than forecasts. Retail Sales showed zero growth, instead of expected growth by 0.4%. Core PPI decreased in July by 0.3% compared to the projected 0.2%. Against this
Latest Forex News Rockefeller Treasury Services, Inc. Analytics | 12 of August Some reports have it that the dollar got a boost from comments by San Francisco Fed Williams, who told the Washington Post yesterday that improving labor market conditions and likely higher inflation mean the Fed shoul
Latest Forex News Forthcoming agreement of suppliers supports oil prices Yesterday's bullish rally has continued today. Oil prices rose by 1% since the beginning of today's trading. Investors are continuing to believe that exporters will discuss ways of maintaining the market at the upcoming meet
Daily Technical & Fundamental Analys Daily Analysis from EW-Forecast | USDCAD / German DAX | 12 of August German Dax is not moving much for the last two days, so our view remains unchanged. We are still looking up into wave five as current consolidation looks like a triangle placed in wave fo