The Bank of England surprised market participants yet again by raising interest rates by 15bps to 0.25%. I say surprised given that ahead of the December meeting, notorious MPC hawk, such as Saunders cast doubts over a rate rise, having mentioned ...

Forex Trading Technical Analysis By forum.forex

Analysts at Danske Bank forecast the EUR/USD pair at 1.13 in a one-month period, at 1.12 in 3M and at 1.10 in 12M. They see downside risks to these forecasts. We keep our EUR/USD forecast at 1.10 in 12M and see downside risks to this. This reflects ...

Forex Trading Technical Analysis By forum.forex

UK inflation news and updates, Dec-15, 2021 The latest UK inflation data will be a stark reminder to the Bank of England that price pressures are getting out of control and that interest rate hikes are needed, and quickly. Headline UK inflation hit ...

Forex Trading Technical Analysis By forum.forex

The US economy experienced its most severe downturn in decades last year, but has gained back the lost ground, though at a fluctuating pace. The economy expanded at a strong annual rate of 6.7 percent in the second quarter, but a much weaker 2.1 ...

Forex Trading Technical Analysis By forum.forex

The EUR/USD climbs 0.14%, trading at 1.1310 during the New York session. The US bond yields trim some earlier losses at press time, except for 2s, down two basis points at 0.6604%, a headwind for the greenback, with the US Dollar Index down 0.23%, ...

Forex Trading Technical Analysis By forum.forex

The Bank of Canada will release its monthly policy report and interest rate today, which may trigger volatility in the Canadian dollar. The market is not expecting any change in the Canadian interest rate to be announced. The Forex market has been ...

Forex Trading Technical Analysis By forum.forex

Major indices move higher. Dow erases losses from last week/Nasdaq higher but lags The major US stock indices are closing the session with varied gains. The major three indices was led by the Dow. The Russell 2000 which has been beaten down the most ...

Forex Trading Technical Analysis By forum.forex

EUR/USD has been trying to recover from its recent collapse. Since the start of this week, the EUR/USD has been trying to recover from its recent collapse, but the rebound attempts did not pass the 1.1383 level. With the continuation of negative ...

Forex Trading Technical Analysis By forum.forex

EUR/USD Weekly Price Forecast The Euro has gone back and forth during the course of the week to form a massive neutral candlestick, after the hammer from the previous week. At this point in time, the market looks as if it is trying to form some type ...

Forex Trading Technical Analysis By forum.forex

GBP/USD around the 1.3325 region in the last hour. The USD witnessed some selling during the early part of the European session and pushed the GBP/USD pair to a fresh daily high, around the 1.3325 region in the last hour. The pair attracted fresh ...

Forex Trading Technical Analysis By forum.forex

USD Buying Picks Up Prior to Omicron Scare In the week to November 23rd, speculative net longs in the USD grew notably ($3.82bln) as market participants reacted to the announcement of Chair Powell’s renomination. In turn, with a faster QE taper ...

Forex Trading Technical Analysis By forum.forex

EUR/JPY extends the leg lower and breaks below 128.00 EUR/JPY extends the leg lower and breaks below 128.00 to clinch fresh 9-month lows in the id-127.00s on Monday. The continuation of the downtrend remains well on the cards for the time being. A ...

Forex Trading Technical Analysis By forum.forex

AUD/USD Technical Analysis Nov-26, 2021 AUD/USD tumbled below key support in the form of the late September low at 0.7170 on Friday and eventually fell as low as 0.71125, as risk assets were pummeled amid a spike in pandemic-related fears. The pair ...

Forex Trading Technical Analysis By forum.forex

GBP/USD Trading Analysis The retail trader data show 74.24% of GBP/USD traders are net-long, with the ratio of traders long to short at 2.88 to 1. The number of traders net-long is 1.89% higher than yesterday and 8.91% higher than last week, while ...

Forex Trading Technical Analysis By forum.forex

EUR/JPY Sideways range to emerge between 127.93/88 and 130.08/12 “EUR/JPY has extended its expected recovery to the back of its broken uptrend from May last year, seen at 129.63 today, with further key resistance seen not far above here at the ...

Forex Trading Technical Analysis By forum.forex