forex for beginners
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Australia NAB Business Confidence rose to 14 in Q4, strong rebound in conditionsAustralia NAB Business Confidence rose to 14 in Q4, up from -8. Current Business Conditions rose to 9, up from -5. Next 3 months Business...
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New Zealand ANZ business confidence rose to 11.8, no more RBNZ cut expectedNew Zealand ANZ Business Confidence rose to 11.8 in February’s preliminary reading, up from December’s 9.4. Own activity outlook rose...
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BoC Schembri: We might be willing to tolerate a small overshoot in inflationBoC Deputy Governor Lawrence Schembri said that Fed’s adoption of a more dovish policy framework last week could in the end benefit the...
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Fed Evans: Inflation won’t be back to target until mid-2020sIn speech, Chicago Fed President Charles Evans said he expected the US economy to growth in the range of 5-6% this year, and then moderate in 2022...
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Fed Bullard expects very strong GDP growth for all of 2021In a presentation, St. Louis Fed President James Bullard said the health crisis will “wane in the months ahead” with early arrival of...
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US oil inventories dropped -1m barrels, WTI targets 58.26 nextUS commercial crude oil inventories dropped -1.0 million barrels in the week ending January 29. At 475.7 million barrels, inventories are about 4%...
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US ISM services rose to 58.7, corresponds to 3.4% annualized GDP growthUS ISM Services PMI rose to 58.7 in January, up from 57.5, above expectation of 57.5. Services sector has been growing for the eighth consecutive...
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US ADP employment rose 174k, continuing slow recoveryUS ADP employment grew 174k in January, well above expectation of 40k. By company size, small businesses added 51k jobs, medium businesses added...
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Eurozone CPI surged to 0.9% yoy in Jan, core CPI rose to 1.4% yoyEurozone CPI came in at 0.9% yoy in January, up from December’s -0.3% yoy, well above expectation of 0.4% yoy. Core PPI surged to 1.4% yoy,...
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UK PMI composite finalized at 41.2, sharp contraction in Q1 but businesses remain confidentUK PMI Services was finalized at 39.5 in January, sharply down from December’s 49.4. PMI Composite was finalized at 41.2, down from prior...
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Eurozone PMI composite finalized at 47.8, predictably tough start to 2021Eurozone PMI Services was finalized at 45.4 in January, down from December’s 46.4. PMI Composite was finalized at 47.8, down from prior...
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NZD/JPY resumes up trend, targeting 77.07 nextNZD/JPY surges to as high as 75.83 today, following better than expected New Zealand job data. Up trend from 59.49 should have resumed. Further...
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US Crude Oil and Distillate Inventory Dropped while Gasoline Gained Last WeekThe report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks gained +2.92 mmb...
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NFP Preview: Reasons for Optimism?Background After last month’s rather depressing Non-Farm Payroll report, which itself closed out one of the more depressing weeks in US weeks in...
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DXY and XAU/USD Holding Key Levels after BOEThe DXY has been on a tear lately, moving from 90.00 to 91.50 since January 22nd. Today alone the US Dollar index moved from 91.09 up to 91.485....
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Musk Backs Dogecoin, Apple Car, Euro Slide Continues, BOE, Oil Rises, Gold Falls on Strong DollarUS stocks are rising again as the reflation trade continues with the yield curve continuing to steepen. There is no main driver for the markets...
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EURJPY Grips Negative Direction Within a Ranging MarketEURJPY’s decrease from the 127.34 area appears paused, surrounded by the congested simple moving averages (SMAs). The falling red Tenkan-sen line...
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GBP/JPY 4H Chart: Two Scenarios LikelyThe British Pound has surged by 1.89% against the Japanese Yen since January 19. The currency pair tested the upper boundary of an ascending...
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AUD/JPY 4H Chart: Could Continue To Edge UpThe Australian Dollar has surged by 1.31% against the Japanese Yen since January 28. The currency pair breached the 50– and 100– hour SMAs during...
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EUR/USD Trades Near 1.1980During Thursday morning hours, the EUR/USD currency pair declined below the weekly S2 at 1.2002. Given that the exchange rate is pressured by the...
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USD/JPY Tests Weekly R1During today’s morning, the USD/JPY currency pair started to test the resistance level—the weekly R1 at 105.28. If the predetermined...
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XAU/USD Trades Below 1,820.00The XAU/USD exchange rate has tumbled below the psychological level at 1,820.00. It is unlikely that bulls could prevail in the market, and the...
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Canadian Jobs Data May Not Dampen SpiritsThe loonie may not be brought to tears when Canada releases its first employment report of the year on Friday at 12:30 GMT, as weaker figures are...
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USD’s Ascent Finds ResistanceThe USD tended to gain against a number of its counterparts, yet there seem to be some signs of fatigue as gains seemed rather capped. The recent...
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BoE Will Likely Dismiss Idea Of Negative RatesThe Bank of England is highly likely to do what all other major central banks have done this year i.e. leave its policy unchanged at the...
