What Will RBA Do Now?
Tomorrow, the RBA gets together to decide whether to cut the cash rate or not. We’ve had a host of data since the last meeting, including...
Posted On 04 Nov 2019
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//November 4, 2019
SPX500 Hits New Record Highs
Mixed Employment Reports For USD The US dollar has kicked off the new week on a firmer footing. USD index rallied to 97.11 last from earlier lows...
Posted On 04 Nov 2019
GBP Rallies On Brexit Delay & UK Elections
Johnson Defeated Over Brexit Bill The UK PM fought desperately to get his Brexit deal through parliament. However, in the end, his efforts...
Posted On 04 Nov 2019
Weekly Market Outlook: RBA & BoE Meetings
The economic calendar for the week ahead will continue with the RBA and the BoE holding their respective monetary policy meetings. Although no...
Posted On 04 Nov 2019
USD Falls As ISM Manufacturing In Contraction
The USD lost favor as the economic data on Friday saw a packed day. The ISM manufacturing PMI for October came in at 48.3, missing estimates of...
Posted On 04 Nov 2019
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Elliott wave analysis of EUR/JPY for Nov 4, 2019
The dip to 120.26 could be enough to complete the correction in red wave ii if this the case, then a break above minor resistance at 121.26...
Posted On 04 Nov 2019
Elliott wave analysis of GBP/JPY for Nov 4, 2019
GBP/JPY continues to trade in a very narrow range, indicating a possible minor triangle developing. If this is the case, we could see a final dip...
Posted On 04 Nov 2019
Fractal analysis of the main currency pairs on Nov 4, 2019
Forecast for November 4: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are:...
Posted On 04 Nov 2019
Gold Futures Settle Lower On Strong Jobs Data
Gold prices edged lower on Friday after data from Labor Department showed a stronger-than-expected growth in U.S. jobs in the month of October....
Posted On 04 Nov 2019
Oil Futures End Sharply Higher On Strong Economic Data
Crude oil prices rose sharply on Friday as buoyant U.S. jobs data and stronger-than-expected data on Chinese manufacturing activity helped ease...
Posted On 04 Nov 2019
Forecast for AUD/USD on Nov 4, 2019
AUD/USD This morning, the Australian dollar managed to penetrate the system of protection against the values of the channel with a growing...
Posted On 04 Nov 2019
Forecast for EUR/USD on Nov 4, 2019
EUR/USD Last Friday, data on US employment came out: in the non-agricultural sector in October, 128 thousand jobs were created against the...
Posted On 04 Nov 2019
Technical analysis: Important intraday Level For EUR/USD, Nov 4, 2019
When the European market opens, such economic data as Sentix Investor Confidence, Final Manufacturing PMI, German Final Manufacturing PMI, French...
Posted On 04 Nov 2019
GBP/USD: plan for the European session on Nov 4, 2019
To open long positions on GBP/USD, you need: Friday’s data on the US labor market and a weak report on manufacturing activity on the...
Posted On 04 Nov 2019
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
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