GBP/USD is under pressure once again after consolidating. UK PM May is set to ask for a short Brexit extension rather than a long one. The technical picture is slightly less favorable. GBP/USD is trading in the low 1.3200s, down on the day. UK PM There…
Author: Yohay Elam
USD/JPY has stabilized in the mid-111.00s as tension mounts ahead of the Fed decision. The technical levels clearly point to the upside for the pair. The Technical Confluences Indicator shows a very dense cluster awaits dollar/yen around 111.50. It inc…
The Fed is in focus and tension is mounting. Where will the world’s most-popular pair go to? Here is their view, courtesy of eFXdata: Nordea Research discusses the USD tactical outlook around tomorrow’s FOMC March policy meeting. “Mos…
After Ripple dethroned Ethereum as the second cryptocurrency after bitcoin, we have another change in the top 5. This time, the emerging Cardano coin is known also as ADA, has ousted Litecoin (LTC) from the top 5. According to CoinMarketCap, Cardano…
The election results confirmed the latest polls: Abe is returned to office with a huge, “super majority”. His coalition won 312 seats in the 465-strong lower house. This will allow him to enact his policies in full-swing. He vowed to use th…
The May 2017 Non-Farm Payrolls report is critical for the June decision. If the Federal Reserve is truly data dependent, this is the most important data point. The Non-Farm Payrolls, aka NFP, or “king of forex indicators” is coming on the first Friday of the month, and wages matter a lot more than the actual job […]
The post Non-Farm Payrolls preview: all ’bout the money – 3 scenarios appeared first on Forex Crunch.
Just over 100 days towards the US presidential elections, and the race is becoming tighter, much tighter. Republican nominee Donald Trump was closing the gap on Democrat Hillary Clinton already before the Republican convention in Cleveland. And now, it seems that the race is neck to neck. According to Nate Silver’s 538, the chances of Clinton winning have fallen […]
The post US elections: Trump’s gloom gaining traction – will markets react? appeared first on Forex Crunch.
EUR/USD is sliding to the downside but it may recover, says the team at MS: Here is their view, courtesy of eFXnews: We expect EUR to appreciate moderately this year but then depreciate significantly in 2017 EUR fits into the category of currencies driven increasingly by real over nominal yield differentials. Falling inflation expectations as a […]
The post The Case For A Higher EUR: Outlook & Targets – Morgan Stanley appeared first on Forex Crunch.
After Draghi failed to take EUR/USD out of its comfort zone, the pair is finally falling out of range. In the late hours of Friday, euro/dollar is falling to low support. 1.0960 is the second post-Brexit low. The pair hit 1.0956 before bouncing a bit, …
EUR/USD had a slow start to the week and also the reaction to the ECB decision was quite muted. Will this change now? A very busy calendar has GDP and inflation standing out as well as the Bank Stress Tests. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The […]
The post EUR/USD Forecast July 25-29 appeared first on Forex Crunch.