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Overview of the main events of the Forex economic calendar for the next trading week from 21.10.2019 to 27.10.2019

Trading on key Forex news: we are expecting the publication of important macro statistics from China, the Eurozone, Germany, the US, Canada, as well as the results of the ECB meeting on the issue of monetary policy.

The decline of the dollar accelerated last week. At the end of the trading day last Friday, futures on the DXY dollar index were trading at 96.93, 123 points...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

This week will see very little major central bank input, which is only due from the European Central Bank, but few data releases from major economies. Excepting the British Pound, market volatility is likely to be very low.

Source Feed: DailyForex.com Forex News

Markets are often right, but they are sometimes wrong

The price takes account of everything. Looking at the pound’s rally in October, one starts to believe involuntarily in the principles of technical analysis. One had to be a medium to understand what Boris Johnson was talking about during his visit to Brussels and Dublin. The talks were called “tunnel negotiations” for a reason: they took place  behind closed doors and there was almost no hope to see the light at the end of the tunnel....

Source Feed: Forex blog about earning and investments on financial markets
Categories: chatty-forex

The pair XAU/USD is still likely to grow. Estimated pivot point is at a level of 1458.80.

Main scenario: long positions will be relevant from corrections above the level of  1458.80 with a target of 1585.56 – 1650.00.

Alternative scenario: Breakout and consolidation below the level of 1458.80 will allow the pair to continue declining to the levels of 1412.74 – 1378.45.

Analysis: Supposedly, the third wave of senior level iii of C of (B) continues forming on the daily time frame, with...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 107.71.

Main scenario: long positions will be relevant from corrections above the level of 107.71 with a target of 110.50 – 112.32. 

Alternative scenario: Breakout and consolidation below the level of 107.71 will allow the pair to continue declining to the levels of 106.42 – 104.43. 

Analysis: On the daily time frame, supposedly, a large correction has been completed in the form of wave (B) of senior...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

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The pair GBP/USD is still likely to grow. Estimated pivot point is at a level of 1.2598.

Main scenario: long positions will be relevant from corrections above the level of 1.2598 with a target of 1.3167 – 1.3387.

Alternative scenario: Breakout and consolidation below the level of 1.2598 will allow the pair to continue declining to the levels of 1.2197 – 1.1957.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave (2) finished developing on the...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.0991.

Main scenario: long positions will be relevant from corrections above the level of 1.0991 with a target of 1.1210 – 1.1409.

Alternative scenario: Breakout and consolidation below the level of  1.0991 will allow the pair to continue declining to the levels of 1.0879 – 1.0800.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 finished developing on the...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

The pair  USDCHF is likely to fall. Estimated pivot point is at a level of 0.9997.

Main scenario: short positions will be relevant from corrections below the level of 0.9997 with a target of  0.9656 – 0.9556. 

Alternative scenario: breakdown and consolidation above the level of 0.9997 will allow the pair to continue the rise up to the levels of 1.0121 – 1.0230.

Analysis: Supposedly, an ascending correction of senior level finished developing in the form of wave (2) on the daily time...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

The USD/CAD pair is under correction, still likely to grow. Estimated pivot point is at a level of 1.3012.

Main scenario: long positions will be relevant from corrections above the level of 1.3012 with a target of 1.3450 – 1.3564. 

Alternative scenario: Breakout and consolidation below the level of 1.3012 will allow the pair to continue declining to the levels of 1.2849 – 1.2656.

Analysis: On the D1 time frame, supposedly, a descending correction finished developing in the form of the...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

USCrude – oil 

Oil price is being corrected up in the middle-term downtrend. The correction target is likely to test the key resistance of the trend [56.03 - 55.58].

During this week, little has changed in the long-term timeframe. So, trading recommendations for next week will be the same.

I suggest looking for sell entries either in the resistance Target Zone 2 [54.36 – 53.91] or in Target Zone [56.03 – 55.58]. The sell targets will be to break through the low of October and to test...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

EUR/USD bulls welcome Brexit deal

You can endlessly watch the water flowing, the fire burning and the UK leaving the EU. There is some progress in the Brexit deal in October. London and Brussels have reached an agreement. Although many don’t like it and it should still be ratified by the UK parliament, investors are excited as they realize that a no-deal Brexit is avoided. The GBP is up to its five-month high, being followed by other European currencies. As the political environment has...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

Though there are still some hurdles to be overcome as regards the Brexit agreement, the Pound Sterling was trading close to a 5-month high versus the greenback.

Source Feed: DailyForex.com Forex News

The Pound Sterling was pushed higher of reports that a Brexit deal has been brokered.

Source Feed: DailyForex.com Forex News

As the hopes for reaching a Brexit deal this week shattered, some British anti-Brexit campaigners want to impede the government to present their withdrawal deal to the parliament,

Source Feed: DailyForex.com Forex News

Oil futures were lower on Thursday afternoon in Asia after the American Petroleum Institute published data on Wednesday that showed a jump.

Source Feed: DailyForex.com Forex News


The Pound Sterling couldn't hold onto positive momentum and weakened against the US Dollar after a media report which said that the talks are on the verge of collapse.

Source Feed: DailyForex.com Forex News

It seems like these days the world, and the traders in it, are doing a lot of waiting; waiting for news about how the Brexit will proceed, waiting to hear if the United States and China will reach a trade deal, waiting to find out if OPEC will impose fresh production cuts to keep oil prices stable.

Source Feed: DailyForex.com Forex News



Forex trading is a great way to make money, but there are fees involved. Learn all you need to know about Forex broker fees and costs at DailyForex.

Source Feed: DailyForex.com Forex Articles

This article discusses the topic of Forex trading being risky. People fantasize about the money they win, but the reality about trading is different sometimes.

Source Feed: DailyForex.com Forex Articles

The Keltner Channel can be used to effectively identify either trending or ranging market conditions as well as good points for trade entries.

Source Feed: DailyForex.com Forex Articles

One of the questions in Forex trading is what type of broker to use. It depends on your situation but let’s look at the difference between an ECN & a standard account

Source Feed: DailyForex.com Forex Articles

Where there is money involved, there are scammers. the potential rewards in trading are higher, but, some of the best traders in the world make 20% a year.

Source Feed: DailyForex.com Forex Articles

Commodities trade like support & resistance, technical analysis & other markets. Forex gives a head start to trade other markets.

Source Feed: DailyForex.com Forex Articles


You are working hard at trading Forex & having some successes. Yet, at the end of every month, you have ended up with a loss. You might be overtrading.

Source Feed: DailyForex.com Forex Articles

Trading in multiple time frames is important. While you may not trade on the weekly chart, understanding the weekly trend can keep you on the right side.

Source Feed: DailyForex.com Forex Articles

With exchanges and banks shut completely or operating on reduced hours, it’s crucial not to be caught out by surprise festivities when you are planning your trading schedule and strategy.

Source Feed: DailyForex.com Forex Articles

The US dollar held strong in the early European session. Buoyed by a “no change” in interest rates from the federal reserve yesterday evening. After the quarterly rate decision was announced the dollar surged strongly against most currencies. The foreign exchange market was extremely active afterwards. Before the U.S. open the latest Department of Labor figures were released. Filed unemployment claims fell below last months figure of 302,000, down to 259,000. It also beat the forecasts which...

Source Feed: Forex Rate – Currency News
Categories: forex, dollar, fed, gbp/usd, gbpjpy

Euro has weakened across the board in the early trading session across Asia and Europe, with the expectant result of the French elections now selling on the news. Whilst many see this result as a positive for the single currency, it seems the result was priced in after opinion polls late last week suggested which way the vote would go. EURUSD EurUsd has fallen near 100 pips from an overnight high of 1.1022. The US Dollar is strengthening with anticipation of a June rate increase, after string...

Source Feed: Forex Rate – Currency News
Categories: forex, euro, foreign exchange, gbp/eur

The Euro gained slightly against the Dollar and the Pound Friday, and strongly against the Japanese Yen, traders noticed the debate on the ECB’s accommodating monetary policy. At the start of the US session, the British pound declined sharply against the Euro to 87.55 pence for one euro, but falls were also seen against the greenback, to 1.2163 dollars. The Swiss Franc gained modestly against the euro at 1.0727 and more significantly against the Dollar to 1.0073 francs, versus 1.0083 francs...

Source Feed: Forex Rate – Currency News
Categories: forex, ecb, euro, hard brexit, pound

The EURUSD was steady on Wednesday as it anticipates the US Federal Reserve monetary policy decision, while adjustments to the BoJ monetary policy meant the Yen was in a volatile state on morning trading. There is a strong sense of anxiety around the markets today, not only in Foreign Exchange but also stocks and commodities. It’s no surprise that traders are watching closely the decision by the Fed, whose monetary policy committee (FOMC) will announce at 1800 GMT if it leaves rates unchanged,...

Source Feed: Forex Rate – Currency News
Categories: forex, euro, fed, gbp

The Euro is gaining ground versus the US dollar during the morning sessions in Europe. The exchange rate moved up to 1.086 dollars, higher than the close of 1.083 dollars on Friday evening. It’s the start of a busy week with statistics, especially with the US employment report on Friday. The US dollar is currently under strong pressure against major currencies like the euro and a continuation of the upward trend cannot be achieved only through excellent job figures. Investors may see good...

Source Feed: Forex Rate – Currency News
Categories: forex

The British Pound remains under pressure against the US Dollar after a week of fairly positive data over stateside, with Non Farm Payrolls adding 211k above analysts expected 200k forecast. Labor force participation also rose by a tenth of a percentage point to 62.5%. With some mixed but slightly negative data last week for GBP, with Manufacturing PMI down, Construction PMI down but Services PIM up, the Pound looks weak and could well be heading down to take out last week lows of 1.4894. “The...

Source Feed: Forex Rate – Currency News
Categories: forex, gbp, gbp/usd

The euro was pushing slightly lower against the US dollar in morning trading, the single currency being affected by the terrorist attacks that have hit Paris over the weekend. The events of this weekend could have a greater economic impact on tourism and consumer spending over the weeks running up to the end of year celebrations. There is a very real threat of current events pushing France back into recession, which could ignite new ECB intervention. France is the second largest economy in the...

Source Feed: Forex Rate – Currency News
Categories: forex

Since last Thursday’s interest rate decision, GBP has failed to show any strength against any of the major currencies. Falling through short term support levels and looking to test lower levels. Conversely the US Dollar looks in a buoyant mood again since the non-farm payroll figures on Friday. The non-farm payroll data trumped forecasts with a whopping 271k versus forecast 181k. Unemployment rate stayed unchanged at 5%. It seems the trend for US Dollar (up) and British Pound (down) may stay...

Source Feed: Forex Rate – Currency News
Categories: forex

Many economists forecast steep inflationary growth in the UK over the coming months with the effects from weak commodity prices and falling university fees tailing off. As a result, some analysts are going so far as to predict that the Bank of England (BoE) could increase the benchmark interest rate ahead of the Federal Reserve. This has seen the Pound edge higher versus its major peers on Thursday morning. British Retail Sales data, due for publication later on Thursday, has the potential to...

Source Feed: Forex Rate – Currency News
Categories: forex

Sterling managed to romp higher against a number of its peers on Friday as investors responded to hawkish interest rate related commentary from Bank of England (BoE) policymaker Kirstin Forbes. After Forbes intimated that a UK interest rate hike could occur sooner than markets currently envisage the Pound firmed, consolidating gains accrued earlier in the week following the release of an upbeat UK labour market report. Yesterday’s Rightmove House Price data revealed property price gains of...

Source Feed: Forex Rate – Currency News
Categories: forex


Majors EUR/USD: SHORT AT 1.3618 FOR 1.3503 OBJECTIVE, STOP 1.3667 USD/JPY: SHORT AT 101.83 FOR... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports


1mn with ForexSurvivor AUDUSD Break Eve, With the failed rally that hit a break eve point between... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports

China released improved trade data that missed expectations on Thursday, figures that suggest... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports


Having the past year’s best-performing major currency may become a burden for the U.K. economy,... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports

Some Federal Reserve policy makers were concerned investors may be growing too complacent about the... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports



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