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Wave analysis of GBP / USD for April 24, 2019
Wave counting analysis: On April 23, the GBP / USD pair dropped another 40 basis points. and finally made a successful attempt to break through...
Posted On 24 Apr 2019
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Pound Falls Vs Most Majors Ahead Of U.K. Labor Data
At 4:30 am ET Tuesday, U.K. labor market statistics is due. ILO jobless rate is expected to rise by 4.0 percent for three months ended February...
Posted On 16 Apr 2019
Canadian Dollar Falls On Declining Oil Prices
The Canadian dollar slipped against its major counterparts in the early European session on Tuesday, as oil prices weakened following remarks...
Posted On 16 Apr 2019
Oil Prices Ease On Large Inventory Build
Oil prices fell slightly on Thursday, with Brent crude futures edging away from the psychologically important $70 level after data showed that...
Posted On 04 Apr 2019
Markets continue to play positive expectations
World markets played back another batch of optimism associated with new initiatives on Brexit and rumors that China and the United States are...
Posted On 03 Apr 2019
The positive news from China will affect the currency market in the coming days
An unexpected rise in manufacturing activity in China supported the yuan and the Australian dollar. This will motivate investors to take risks...
Posted On 01 Apr 2019
Pound Slides Ahead Of U.K. GDP Data
The U.K. GDP data for the fourth quarter and mortgage approvals for February are due at 5:30 am ET Friday. Ahead of these data, the pound fell...
Posted On 29 Mar 2019
Oil Set For Strongest Quarter Since 2009
Oil prices rose on Friday and remained on track to post their biggest quarterly rise since 2009, helped by production cuts from the OPEC+ group...
Posted On 29 Mar 2019
Gold Dips As Dollar Strengthens
Gold prices fell slightly on Thursday as the dollar gained ground following more dovish sounding from central banks. Spot gold and U.S. gold...
Posted On 28 Mar 2019
Oil Prices Ease On Trade Worries
Oil prices pulled back from four-month highs on Wednesday as trade worries re-emerged and the province of Alberta said it is further relaxing the...
Posted On 20 Mar 2019
Gold Drops On Firm Dollar Ahead Of Fed Decision
Gold prices fell slightly on Wednesday and the U.S. dollar firmed up against its peers as investors awaited the Fed’s interest-rate...
Posted On 20 Mar 2019
Pound Strengthens Despite Brexit Worries
The pound strengthened against its key counterparts in the Asian session on Wednesday, despite the Brexit deal being voted down for the second...
Posted On 13 Mar 2019
Pound Trades Higher As May Attains Changes To Brexit Deal Ahead Of Crucial Vote
The pound strengthened against its major counterparts in the Asian session on Tuesday, as the U.K. Prime Minister Theresa May secured significant...
Posted On 12 Mar 2019
Gold Holds Near One-week High
Gold prices eased slightly on Monday after climbing 1 percent on Friday following data that showed U.S. employment growth almost stalled in...
Posted On 11 Mar 2019
Euro Strengthens Amid Risk Appetite
The euro climbed against its major counterparts in the European session on Monday, as European shares rose after media reports suggesting merger...
Posted On 11 Mar 2019
US Dollar Index Gaines Ahead of US Jobs Numbers
The focus among traders today will be in the United States, which will release the jobs numbers for February. This is a monthly number usually...
Posted On 08 Mar 2019
A Look at The Biggest Stories of the Week
This was a tough week for the markets, with global stocks declining for the five consecutive days. The reason for the decline was that traders...
Posted On 08 Mar 2019
Euro declines sharply as ECB dovish monetary policy statement
The euro declined sharply yesterday after the European Central Bank (ECB) released the interest rates decision for March. As expected, the bank...
Posted On 08 Mar 2019
Burning Forecast 03/07/2019
Today is the main event of the week for EURUSD – the ECB decision on monetary policy. The ECB’s decision will be released at 11.45...
Posted On 07 Mar 2019
USD/CHF Pair Declines as Swiss Economy Improves
Switzerland is a small European country of 8 million people and a GDP of more than $678 billion. The country is famed for its financial sector...
Posted On 04 Mar 2019
Coffee Continues to Drop as Oversupply Fears Mount
Israel is a small country of more than 8 million people and a GDP of more than $350 billion. The country is known for its close ties to the...
Posted On 04 Mar 2019
Israeli Shekel Continues to Strengthen as Netanyahu Faces Corruption Charges
Israel is a small country of more than 8 million people and a GDP of more than $350 billion. The country is known for its close ties to the...
Posted On 04 Mar 2019
Oil Prices Mixed In Cautious Trade
Oil prices were trading mixed on Friday as concerns over surging U.S. output and global growth worries offset optimism over output cuts by...
Posted On 01 Mar 2019
Swiss Franc Higher As Trump-Kim Summit Ends Without Any Deal
The Swiss franc strengthened against its major opponents in early European deals on Thursday amid risk aversion, as Trump-Kim summit ended...
Posted On 28 Feb 2019
Overview of the Foreign exchange market on 02/27/2019
According to Theresa May, Brexit could be transferred until 2021 as she justified the hopes placed on her. After all, it is impossible to agree...
Posted On 27 Feb 2019
Euro Mixed Ahead Of Eurozone Economic Sentiment Index
At 5:00 am ET Wednesday, Eurozone economic sentiment index for February is due. Ahead of the data, the euro traded mixed against its major...
Posted On 27 Feb 2019
Indian Rupee Declines To 8-day Low Vs U.S. Dollar On Rising Indo-Pak Tensions
The Indian rupee was defensive against the U.S. dollar in afternoon deals on Wednesday, as India-Pakistan tensions flared up, with Indian Air...
Posted On 27 Feb 2019
GBP / USD. Theresa May will report on the results of the “European voyage”
Brexit’s topic is again overwhelmed with rumors: the fewer days until the planned British release date from the EU (March 29), the more...
Posted On 26 Feb 2019
Burning forecast 02/26/2019
The EURUSD has been consolidating under a strong resistance of 1.1375 for a week, which does not make it possible to increase. The most important...
Posted On 26 Feb 2019
Pound Slightly Down After U.K. Labor Data
Following the release of U.K. labor market statistics at 4:30 am ET Tuesday, the pound dropped slightly against its major counterparts. The pound...
Posted On 19 Feb 2019
Euro Little Changed Following German ZEW Economic Sentiment Index
At 5:00 am ET Tuesday, German ZEW economic sentiment index for February has been released. After the data, the euro changed little against its...
Posted On 19 Feb 2019
EUR / USD: Greenback’s winning march continues
At the end of last week, the dollar strengthened by more than 1%, demonstrating the best dynamics since August 2018. The winning greenback series...
Posted On 14 Feb 2019
UK economy in 2018 worse than in 2012. How will the pound behave?
The British economy went into decline in the last three months of last year, which resulted in the growth in 2018 to be the weakest in the last...
Posted On 14 Feb 2019
GBP / USD: Hope for a “soft” Brexit is still warming up
On the eve of trading the GBP/USD pair, it was able to rebound from a 3-week low against the background of the release of positive news on...
Posted On 14 Feb 2019
Why Palladium may be at Risk as People Move to Electric Vehicles
Platinum is an important precious metal in the automotive industry. It is used as a catalytic converter in vehicles. As a converter, the metal is...
Posted On 05 Feb 2019
USD/CAD – loonie ignored a weak GDP, waiting for news from China
Canadian economic growth slowed again: on a monthly basis, GDP fell to a negative area and reached -0.1% in November. In annual terms, the...
Posted On 04 Feb 2019
Why Cocoa Could Rally Ahead of Valentine’s Day
Cocoa is an important crop consumed by billions of people every day. The crop is mostly grown in West African countries of Ivory Coast and Ghana....
Posted On 04 Feb 2019
Weekly Review: Investors Focus on Fed, Trade, Brexit, Earnings, and Deutsche Bank
This week, the following were the biggest stories that moved the market. Federal Reserve On Wednesday, the Federal Reserve concluded its two-day...
Posted On 02 Feb 2019
Gold vs Dollar: Struggle for investors continues
Last week, for the first time since May 2018, the price of gold overcame the level of $ 1,300 per ounce and is still above this psychological...
Posted On 29 Jan 2019
ECB is ready to leave interest rate unchanged
The European Central Bank will almost certainly leave the monetary policy unchanged following the meeting on Thursday, but it can recognize a...
Posted On 24 Jan 2019
Sterling Rises as Traders Bet on a Brexit Deal
The sterling has been one of the most watched currencies this year. This is because of the ongoing Brexit uncertainty in the United Kingdom. As...
Posted On 22 Jan 2019
Oil reserves in the US for the week decreased by 0.6%, stronger than forecast
According to the Energy Information Administration of the Ministry of Energy, commercial oil reserves in the US (excluding strategic reserves)...
Posted On 17 Jan 2019
Gold Subdued As Equities Rebound
Gold prices were slightly lower on Tuesday as equity markets gained ground on expectations of fewer interest rate hikes this year by the Federal...
Posted On 15 Jan 2019
Fed minutes confirmed “dovish” intentions of the regulator
The emotional reaction to the events of yesterday is gradually subsiding: dollar bulls are trying to return the US currency to its previous...
Posted On 11 Jan 2019
Bank of England Head considers the yuan as a possible reserve currency
Bank of England Chairman Mark Carney said that China’s national currency may in the future be considered as one of the reserve currencies...
Posted On 11 Jan 2019
Saudi Arabia to raise price of oil to the United States
Representatives of Saudi Aramco, the state-owned oil company of Saudi Arabia, reported that prices for all types of Saudi oil exported to the...
Posted On 11 Jan 2019
USD slips on Fed’s comments
The dollar fell versus its major peers on Friday, as investors grew increasingly confident that the U.S. Federal Reserve may hit the pause button...
Posted On 11 Jan 2019
A dollar out of trend, investors have announced a fashion for Asian currencies
The US currency in the new year will lose all previously collected positions. If last year the dollar index gained about 4%, now, due to the...
Posted On 10 Jan 2019
Thirty-Year Bond Auction Attracts Below Average Demand
The Treasury Department finished off this week’s series of long-term securities auctions with the sale of $16 billion worth of thirty-year...
Posted On 10 Jan 2019
Can the Euro Handle a German Recession?
Economic data out of the Eurozone released this morning showed economic confidence posted its 12th consecutive contraction in the month of...
Posted On 08 Jan 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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