Daily Forex Market Preview, 22/06/2018 The Bank of England’s monetary policy meeting held yesterday saw officials keeping interest rates steady at 0.50% as widely expected. However, this came amid three dissenting votes including that of the BoE’s chief economist, Andrew Haldane. The central bank also signaled that it would begin to unwind...

2018-06-22 John Benjamin Read more

As we advised early this week, Euro managed to head for another low below last week while market managed so far to hold trades above support 1.1510-20 As we advised before will expected another advance wave that may face 1.1645-60 resistance before continue toward 1.1725 Below 1.1500 market may head for farther drop toward 1.1400-20 OR 1.1...

2018-06-20 رامي أبو دراع Read more
forex intraday analysis

Daily Forex Market Preview, 20/06/2018 The U.S. dollar managed to turn fairly stronger on the day on Tuesday. Economic data was limited. The U.S. building permits data showed an increase of 1.30 million. This was slower than the estimates of a 1.35 million increase. Housing starts fared better, rising 1.35 million and marked the highest incre...

2018-06-20 John Benjamin Read more
elliot waves

In this video, besides the wave counts updates and articles follow-up, Richard is also stepping outside his comfort zone and giving a real-time example on how fundamental events affect the market and how structures become more and more complex over time. [shortcode-variables slug="applyrichardsta"]

2018-06-16 Richard Tataru Read more
forex fundamental analysis

Daily Forex Market Preview, 15/06/2018 The euro posted strong losses on the day as the ECB’s monetary policy meeting saw Mario Draghi announcing an end to QE in December 2018. While the current QE at the pace of 30 billion euro is expected to run until September, a reduced amount of 15 billion euro is expected to continue until December. D...

2018-06-15 John Benjamin Read more

The Federal Reserve is widely expected to raise the Federal Funds Rate today, from 1.75% towards 2.00% benchmark points. Exactly at 18:00 GMT the FED will issue a statement, which will contain the interest rate outlook, along with its latest economic forecasts. At this stage, the Market already priced in the June Fed rate hike, therefore, ...

2018-06-13 Richard Tataru Read more

As we advised yesterday Euro managed to hold trades below resistance 1.1810-40 where market managed to head for drop correction toward target 1.1720-40 zone Market now showing ability to sustain this trading zone where resistance at 1.1840 Above 1.1840 more advance toward 1.1920-60 may hit the market Below 1.1720 more drop toward fir...

2018-06-13 رامي أبو دراع Read more
forex technical analysis

Daily Forex Market Preview, 13/06/2018 The U.S. dollar was seen strengthening on the day after data showed that consumer prices had increased 0.2% on the month as expected. Core inflation rate increased 0.2%, beating estimates of a 0.1% increase. In the European trading session, the UK's labor market data showed that average earnings inclu...

2018-06-13 John Benjamin Read more

Euro managed to head for Close-End triangle formation as market closing today from US Inflation data while eyes heading toward fed rate Hike tomorrow Intraday Levels showing ability for trading zone between support 1.1725-40 and resistance 1.1810-40 Above 1.1840 market may be able to add more advance to test 1.1920-40 zone Below 1.1725 ...

2018-06-12 رامي أبو دراع Read more
forex technical analysis

Daily Forex Market Preview, 12/06/2018 The U.S. dollar remained mixed across the board as the currency was seen weakening across most of the risk currencies. Economic data was limited for the U.S. dollar. Data from the UK showed that manufacturing production declined 1.4% on the month. This was worse than expected as the economists forecas...

2018-06-12 John Benjamin Read more