2018

The U.S. Dollar posted strong gains on Friday as investors piled into the greenback amid global concerns. This led to most of the currencies giving up the gains logged from earlier in the week. Economic data on the day showed that the…
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The big American data for the day is scheduled for 08:30 EST (14:30 CET) when the Census Bureau releases November retail sales data. The data can move the market including forex, and given that it is one of the last major releases before…
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By the end of 2017, both escalating stock prices and growth in the digital currency market cap made the headlines. The global economic growth rate indicated a steady rise and the emerging market currencies recorded their highest gains in…
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The Swiss National Bank held its monetary policy meeting on Thursday. The Central Bank kept its LIBOR rate unchanged at -0.75% as widely expected. The Central Bank, however, lowered its inflation outlook. The ECB was the next central…
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Looks to be forming a bearish Head and Shoulder pattern. This could also be seen as an AB=CD corrective sequence. There is cope for mild buying at the open, but gains should be limited. Bespoke resistance is seen close to 81.90
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Summary Economy adds 89,900 in November beating forecasts by a substantial margin Unemployment rate falls to the lowest level since the record-keeping began in the 70s Wage growth fell for the sixth consecutive month despite the…
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Coming up, we have the monetary policy decision of the Swiss National Bank scheduled for 09:30 CET (3:30 EST). What traders are going to be scrutinizing is the quarterly monetary policy statement. The latter is especially relevant since…
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Mixed and volatile trading looks to have formed a reverse Head and Shoulders. A break of 1.6622 and the measured move target is 1.6952
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Brexit hogged the limelight on Wednesday as British PM May faced a vote of no-confidence. Although there was a surprise in the decision, this was widely speculated. The sterling initially slipped on the news only to recover strongly later…
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