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The Pound Sterling had earlier recovered from a 1-month trough against the common currency Euro of the previous session, as this week's economic data reduced

Source Feed: DailyForex.com Forex News

Forming positions on GBP/USD depending on business activity data

When everyone gives up on you, there awakens a great desire to prove that you are worthy. After a series of disappointing data and dovish rhetoric of the Bank of England representatives, the pound fell into disgrace. It was said in the market that the December rally of GBP/USD was excessive, that all the good news were already in the price, that the weak economy of Misty Albion would force BoE to lower the repo rate. The...

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

Concerns overs a trade war between the USA and the EU pushed other events to sidelines, including ECB’s meeting

Donald Trump intends to have finished with reshaping the world even before the US presidential election. The US president informed the President of the European Commission Ursula von der Leyen that tariffs on European cars would be really introduced if the States didn’t get what they wanted.  He asked investors not to panic as Brussels would sign the deal all the same. It doesn’t...

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


USCrude – oil 

Target Zone 2 [58.15 - 57.77] for oil was broken through yesterday. The next target for shorts within the middle-term bearish trend is Target Zone 3 [54.40 - 54.02].

I recommend looking for shorts at correction from the level of [57.84 - 57.36].



The trading recommendation for oil shorts according to the pattern from the Intermediary Zone [59.42 - 59.23] worked out: the local minimum was renewed yesterday.
Today, a shorter time frame chart shows us that the Gold...

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

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD analysis



We see the construction of the initial part of a new bearish impulse wave. A small downward impulse wave (1) and a flat corrective wave (2) have been completed. This correction took the form of a-b-c wave flat. Since the correction seems to be fully formed, in the near future a price reduction is expected within the framework of a new downtrend, as shown in the chart.


Elliott wave...

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

Study of the correlation between the price chart and the volumes of transferred crypto currency funds through the example of Bitcoin (BTC)

Dear friends,

Each investor's goal is making profit from their investments. But what do we base our buy or sell decisions on? When choosing a position in the market, beginners mainly use technical analysis. They build resistance/support levels, set up the Fibonacci grid, and try to calculate which Elliott wave is currently displayed in the price of...

Source Feed: Forex blog about earning and investments on financial markets
Categories: for-investors

Fresh Forex patterns

New strategies are like second-tier shares: they may be extremely profitable or they may turn out to be  a soap bubble. Once it bursts, you no longer want to make investments. Such patterns as 1-2-3, Three little Indians, or Wolfe waves are time-proven, thoroughly studied and the number of trading robots based on them has gone overboard, while the Dagger pattern is little known to traders. I’m not sure if it’s efficient in the long investment term. On the other hand,...

Source Feed: Forex blog about earning and investments on financial markets
Categories: for-beginners



Reciprocal rise in US and EU tariffs will cost global economy dear

If someone had truly believed that Donald Trump wouldn’t start a new trading war before the US presidential election, World Economic Forum in Davos proved the contrary. The US president praised the benefits of the US economy in public, but he expressed indignation over the large trade deficits concerning the EU in his lobby interview to Wall Street Journal and voiced an intention to impose tariffs on European car imports...

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

USCrude – oil

Oil traders are testing Target Zone 2 [58.15 - 57.77]. If they manage to break through this zone, the next shorts target will be Target Zone 3 at [54.40 - 54.02], and the support level will turn into a resistance level.



Let's look at the chart with smaller margin zones. We see here a short-term downtrend. Yesterday, a “False breakdown” pattern for oil shorts was formed. Today I recommend holding deals to the target: until the January 15th minimum is renewed.

If the...

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

Only hours before his impeachment trial was set to begin, U.S. President Donald Trump addressed an eager crowd at the 50th annual World Economic Forum in Davos, Switzerland.

Source Feed: DailyForex.com Forex News

Forming positions in USD/CAD based on the results of Bank of Canada’s meeting

Leaders have been regularly changing in Forex for the last 10 years, which became the peculiarity of this market. Only the Japanese yen, which was the best performer among G10 currencies in 2016 and 2018, fought for this title until the last second in 2019 and it’s still one of the favourites in 2020 despite an unsuccessful start. The Swiss franc and the euro that were successful in 2015 and 2017, became outsiders...

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

What are pyramid schemes and what kinds of it can be? Features of fraudulent schemes. The greatest schemes in history. Can you really make money on a pyramid scheme?

A pyramid scheme is a fraud. This is the most common opinion, also in the world of finance. I can partially agree with it, as most of the fraudulent schemes disguised as investment projects and business startups are ordinary scams. But there are also schemes designed to make money, they even became a separate investment...

Source Feed: Forex blog about earning and investments on financial markets
Categories: for-investors

Before the release of UK labor data, the Pound Sterling had remained steady.

Source Feed: DailyForex.com Forex News


Illness is unpleasant, and often dangerous, and it can cause people, medical professionals, and the World Health Organization to be concerned, for a variety of reasons.

Source Feed: DailyForex.com Forex News

Comments made by the U.K.'s Finance Minister sent the Pound Sterling tumbling after it stoked concerns about a hard Brexit.

Source Feed: DailyForex.com Forex News

Forex trading in Nigeria has become easier. Learn how to start trading Forex in Nigeria, the best time to trade Forex, and more.

Source Feed: DailyForex.com Forex Articles

The Brexit controversy has run for over 3 years but is close to resolution as Britain goes to the polls. This might execute Britain’s departure from the EU.

Source Feed: DailyForex.com Forex Articles

Bitcoin reaches end of year 2019 multi-month lows. There are good reasons to expect the BTC price to begin a recovery from $5K to $6K and rise over 2020

Source Feed: DailyForex.com Forex Articles

Stock markets around the world started to price in the optimism of a phase one trade deal in early November, seeing record highs as we approached the traditional ‘Santa rally’ of December.

Source Feed: DailyForex.com Forex Articles

Brexit has started to resemble a protracted family row in which too many hurtful things have been said. Giles Coghlan, Chief Currency Analyst at HYCM discusses what's in store for Brexit 2020 here.

Source Feed: DailyForex.com Forex Articles

The regulation in Australia is market friendly, thus, attracting Forex brokers. Also, ASIC is permitting brokers to utilize a max. leverage which remains at 1:500

Source Feed: DailyForex.com Forex Articles

Ichimoku Kinko Hyo is a technical indicator, created in Japan. It’s applied to trading charts, but most traders are likely to be confused by this 5-part indicator.

Source Feed: DailyForex.com Forex Articles

Forex in Canada is either regulated as a security or a derivative. This creates a challenge, whether a company wants to act as a broker or an advisor.

Source Feed: DailyForex.com Forex Articles

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

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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 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.

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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.

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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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