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This week is likely to see more market activity than last week, with important central bank input due concerning the U.S. Dollar, the Japanese Yen, and the British Pound.

Source Feed: DailyForex.com Forex News

Financial markets are accustomed to the US President’s speeches and freaks

 Your elbow is near, but you cannot bite it, dear. Donald Trump started criticizing the Fed again, accusing the central bank of incompetence and calling FOMC officials “not his people”. They just don’t understand what they’re doing! The US inflation rate is low but Jerome Powell and his team are raising interest rates! They’re creating an unfavourable environment for the trade war with China! Accidental people will...

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: chatty-forex

Correction is completed, the pair USD/CHF is likely to continue growing. Estimated pivot point is at a level of 0.9858.

Main scenario: long positions will be relevant from corrections above the level of  0.9858 with a target of 1.0241 – 1.0400. 

Alternative scenario: breakout and consolidation below the level of 0.9858 will allow the pair to continue declining to the levels at 0.9715 – 0.9556.

Analysis: Supposedly, the third wave of senior level 3 of (3) continues to form on the daily...

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: analysts-opinions

The pair XAU/USD is still likely to grow. Estimated pivot point is at a level of  1269.38.

Main scenario: long positions will be relevant above the level of 1269.38 with a target of 1385.94 – 1431.14.

Alternative scenario: Breakout and consolidation below the level of  1269.38 will allow the pair to continue declining to the levels of  1252.00 – 1230.00.

Analysis: Supposedly, a correction wave of senior level (B) continues forming on the weekly time frame, with the wave C of (B)...

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: analysts-opinions

The USD/JPY pair is under correction, still likely to fall. Estimated pivot point is at a level of 108.80.

Main scenario: short positions will be relevant from corrections below the level of 108.80 with a target of 107.51. 

Alternative scenario: breakout and consolidation above the level of 108.80 will allow the pair to continue the rise up to the levels of 110.67 – 112.40. 

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

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: analysts-opinions

Correction is completed, the pair GBP/USD is likely to continue growing. Estimated pivot point is at a level of 1.2550.

Main scenario: long positions will be relevant from corrections above the level of 1.2550 with a target of 1.3178 – 1.3377.

Alternative scenario: Breakout and consolidation below the level of 1.2550 will allow the pair to continue declining to the levels of 1.2241 – 1.2101.

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

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: analysts-opinions

Correction is completed, the pair EUR/USD is likely to grow. Estimated pivot point is at a level of 1.1106.

Main scenario: long positions will be relevant from corrections above the level of 1.1106 with a target of 1.1447 – 1.1570.

Alternative scenario: Breakout and consolidation below the level of 1.1106 will allow the pair to continue declining to the levels of 1.1020 – 1.0950.

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

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: analysts-opinions

Correction is completed, the pair USD/CAD is likely to grow. Estimated pivot point is at a level of 1.3237.

Main scenario: long positions will be relevant from corrections above the level of 1.3237 with a target of 1.3431 – 1.3567. 

Alternative scenario: Breakout and consolidation below the level of 1.3237 will allow the pair to continue declining to the levels of  1.3109 – 1.3065.

Analysis: Supposedly, an ascending trend continues to form as the third wave of senior level 3 of (5) on...

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: analysts-opinions

USCrude – oil

This week, oil price has rolled down from the key resistance [53.98 – 53.67] to Target Zone 5 [50.50 – 50.18]. Last week’s low hasn’t been updated. However, the middle-term downtrend continues, and it is still relevant to sell.

Also, US crude oil futures margin requirements have been changed this week. The maintenance margin is now 3450 USD, instead of the previous value of 3150 USD. The range between the margin zones has broadened.

For next week, I recommend looking...

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: analysts-opinions

ECB took the shot, it is the Fed’s turn now

White House economic adviser Larry Kudlow has once again warned Beijing that if Xi Jinping doesn’t meet Donald Trump at the G20 summit in Osaka, the U.S. will extend tariffs to almost all Chinese imports after that. The U.S. seems to be confident that it will win the trade war, however, at the long-term horizon, there may be opposite results for the economies of the two countries. Chinese Vice-Premier Liu He believes the “external pressure” now...

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: analysts-opinions

The US Dollar Index steadied during Asian trade and is poised to show a gain for the week.

Source Feed: DailyForex.com Forex News

The article is about a simple but not easy way of becoming a successful trader, making real profits in forex. It is also about how traders are trying to escape from it so persistently.

Hello, everybody!

Today, I’d like to deal with a very interesting topic about the way of becoming a trader, and about searching for one’s identity and one’s own forex trading strategy.

Sooner or later, when you have studied all the accessible information on trading you a kind of “grow out of this”. I am...

Source Feed: Forex blog: trading blog about Forex earning and investments
Categories: for-professionals

As the voting begins today for a new Prime Minister, FX traders are sitting on the sidelines wary of the prospect that the next PM could take the UK out of the European Union without an agreement in place.

Source Feed: DailyForex.com Forex News

European Union ministers are meeting on Thursday night in Luxembourg in order to approve some Eurozone reforms, however, they may struggle to reach a consensus since there are many interests at stake, with many parties involved.

Source Feed: DailyForex.com Forex News

U.S. President Donald Trump announced on Wednesday that he is mulling over the possibility of sanctioning the Nord Stream 2 pipeline

Source Feed: DailyForex.com Forex News



The European Central bank (ECB) President Mario Draghi is expected to give the opening speech at ECB conference on CESEE in Frankfurt later today.

Source Feed: DailyForex.com Forex News

Oil prices took a sharp turn downward on Wednesday even after it was announced that OPEC ministers are working diligently to extend their production cuts, a move that was made to keep prices stable in the face of record U.S. production.

Source Feed: DailyForex.com Forex News

While aiming to raise the sales tax in October, the Japanese are willing to change their policy if the economic conditions get worse according to sources.

Source Feed: DailyForex.com Forex News

The Pound Sterling managed to recover after being under heavy pressure against both the US Dollar and the Euro, despite labor data which was unexpectedly disappointing.

Source Feed: DailyForex.com Forex News

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 wedge chart pattern is popular with traders, as it is easy to identify, and has a simple measuring tool that is simple to use. So what actually is a wedge?

Source Feed: DailyForex.com Forex Articles

The Federal Open Market Committee (FOMC) meets eight times a year to discuss and set US monetary policy. Learn about the process here!

Source Feed: DailyForex.com Forex Articles

Forex traders will often branch out into other markets, including precious metals, spot gold & silver trading. These may be traded by forex brokers or alternatives.

Source Feed: DailyForex.com Forex Articles

Some Forex brokerages offer a “PAMM Account”. a PAMM account is basically a managed account where one trader trades on behalf of others through his/her account

Source Feed: DailyForex.com Forex Articles

In money trading, the most important area is going to be money management. Paramount to money management is understanding your risk tolerance in trading.

Source Feed: DailyForex.com Forex Articles

One of the common trading patterns is “head and shoulders pattern.” But there are a couple of things to keep in mind before you use this pattern.

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


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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.

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

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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.

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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.

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