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
weekly commodities

Gold The yellow metal collapsed lower this week due to the much stronger US Dollar which rose to an 11-month high this week. Despite broader concerns for the US economic outlook in the wake of continued trade tensions with China, investors instead chose to focus on the Hawkish shift in the Fed. The Fed meeting saw rates raised for the second ti...

2018-06-21 James Harte Read more
forex intra analysis

Daily Forex Market Preview, 21/06/2018 The U.S. dollar was seen posting gains on Wednesday. Economic data was sparse. In the overnight trading session, New Zealand’s quarterly GDP numbers were reported. Data showed that New Zealand’s GDP advanced at a pace of 0.5% as widely expected. However, the Kiwi dollar continued to extend losses. The e...

2018-06-21 John Benjamin 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
forex analysis

Daily Forex Market Preview, 19/06/2018 The U.S. dollar was seen trading mixed on Monday with a slight risk aversion putting the safe haven yen and the Swiss franc on the front foot. Economic data was relatively light on the day. The markets continue to remain cautious on escalating trade war rhetoric between the U.S. and its trading partners ...

2018-06-19 John Benjamin Read more
forex analysis

Daily Forex Market Preview, 18/06/2018 The markets opened on Monday to the news over the weekend about the U.S. President Trump announcing fresh tariffs on China. The Trump administration imposed a 25% tariff on about $50 billion on goods imported from China in response to alleged theft on intellectual property rights. China retaliated by ...

2018-06-18 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
forex weekly commodities wrap

Gold The yellow metal rose slightly this week, taking its cues from a weakened US Dollar which fell in response to the June FOMC meeting. The sell-off came despite the Fed raising rates as expected and upgrading its rate hike forecast for the rest of the year from one hike previously to two hikes. The weakness is reportedly due to President Tru...

2018-06-14 James Harte Read more
technical analysis forex

Daily Forex Market Preview, 14/06/2018 The U.S. dollar was seen trading weaker on Wednesday following the FOMC statement where the central bank hiked interest rates by 25 basis points as widely expected. The FOMC also announced that it was looking to squeeze in an additional rate hike for the fourth time this year. While the markets were v...

2018-06-14 John Benjamin Read more