ADP, PMI and ISM Data Looks to Alleviate Dollar Drop Recap After The Closing Bell, Tuesday OPEC’s biggest Oil producer, Saudi Arabia is looking at unprecedented deals to acquire Oil and Gas assets in Russia. The Euro edged slightly higher against the Dollar on Tuesday as Investors squared out positions following the 3-week rally. Analysts…
Daily Technical Analysis. Tuesday, October 3 EURUSD The Euro continued to fall against the Dollar on Tuesday to a seven-week low, as the US Manufacturing Data came in strong, and the European markets on the other hand, await European Central Bank President Mario Draghi later this week. Technical reading indicates that the pair is moving…
(EUR /USD) اليورو مقابل الدولار الأمريكي استمر اليورو في الانخفاض خلال تداولات اليوم الثلاثاء ليسجل أدنى مستوياته في سبعة أسابيع مقابل الدولار، وذلك في ظل ارتفاع العملة الفدرالية بعد تحسن بيانات القطاع الصناعي الأمريكي، بينما تنتظر الأسواق الأوروبية هذا الأسبوع حديث رئيس البنك المركزي الأوروبي ماريو دراغي. والقراءة الفنية تشير إلا ان الزوج يتحرك ضمن…
Daily Technical Analysis. Thursday, Sept. 28 EURUSD The Euro finished to a six-week low, for the fourth session in a row, following expectations for Interest Rates and Monetary Policy. The Dollar continued to appreciate against major currencies as well as Technical reading is negative for the pair and a clear control for the sellers on…
Daily Technical Analysis. Tuesday, Sept. 26 EURUSD The Euro saw weak trading during Tuesday’s session, after hitting a four-week low in yesterday’s session. This decline in the Euro comes after Central Bank President Mario Draghi spoke yesterday before the European Parliament. A rebound in selling pressures on the pair’s move would reinforce the previous bearish…
Daily Technical Analysis – Sept. 25 The British Pound resumed its gains earlier this week against the US Dollar, and technical studies show that the pair is making a horizontal move within a general bullish path. A break at the support level 1.3450 will allow prices to retreat further to test 1.3406 levels. The Euro…
Daily Technical Strategies Thursday, Sept. 21 EURUSD EURUSD nosedived, post hawkish Federal Open Market Committee statements. As expected by Market Analysts, Monetary Policy makers at the FOMC Meeting on Wednesday, agreed to keep short-term benchmark Interest Rates for the second consecutive meeting, at between 1.00% and 1.25%, with the announcement of plans to normalize the…
Mid-Week to Week-End Market Recap By mid-week last week, concerns over escalating tensions between the U.S. and North Korea capped risk appetite and sent Investors in pursuit of lower-yielding assets. The benefactors of this act were Gold, Japanese Yen and Swiss Franc. All 3 major Market Sessions traded along this sentiment. Base Metals were broadly…
Central Banks dominated headlines the previous week though none of them featured a Policy Statement. The Bank of Canada (BoC) surprised markets by stating it would be assessing its Monetary Policy if the current pace of growth continues. Yellen & Co. were the only ones to modify Monetary Policy while Bank of England (BoE) delivered…
Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending. Expected reading is -0.3% forecast against 1.7% current reading. A higher than expected reading tends to be Positive/ Bullish for the CAD, while a lower than expected…
