Daily Forex Market Reviews

FIBO Group
Gold awaits ECB

The gold price is under pressure today as the market awaits the latest interest rate decision from the European central bank followed by a monetary press conference.

FIBO Group
Pound has reached a peak

The British pound is under further pressure today after yesterday’s disappointing inflation figures which has now seemingly taken an interest rate hike...

FxPro
All Eyes on Central Banks

Markets were, for the most part, little changed on Wednesday as traders waited for today’s Bank of Japan and ECB rate decisions. Earlier today...

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FxPro
Dollar Bears

UK Consumer Price Index (CPI) data was released on Tuesday showing inflation easing for the first time in nearly 10 months, retreating from the near 4-year high touched in May...

FIBO Group
Gold technical review

The gold price is trading higher for a 3rd straight day in today’s trading session and has clearly broken through what was formerly a strong resistance level as we can see by the lower line....

FXTM
AUD traders bet on RBA minutes

The Australian dollar has surged in Monday trading as it looked to push through a key level of resistance at 0.7833, this is a bit of a surprise...


FxPro
More Record Highs for Equities?

Early indications from Asia this morning are pointing towards a strong day for global equities, continuing the momentum from last week...

Yellen's Testimony, BoC Interest Rate Hike, Big Bank Reports

Hawkish or Dovish, well today we have retrospective examples of its effect on the sentiment for a currency. In one case Yellen’s indication that national debt should be capped and that monetary policy should be gradual...

Fort Financial Services
Gold bounced off 1210 and rallied to 1220

The spot remained in a downward channel and just approached its upper boundary. The level rejected the price in the late European session...

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FIBO Group
Time to buy gold

The gold price is heading down towards the $1,200 mark in today’s trading and some analysts are saying now is the time to get into the precious metal. The price has now fallen around $100 over...

FIBO Group
Pound to push higher

The British pound made another run for the $1.30 mark before pulling back to what is now turining in to a key support level. With the fundamental facotrs such as Brexit...

FXTM
Investors on the sidelines

With the absence of any top tier news and the markets waiting for further indications on the Fed’s policy when Janet Yellen testifies before Congress...


FxPro
US Data brings on USD bulls

U.S. job growth surged more than expected in June and employers increased hours for workers, with signs of a labor market strengthening that is likely...

FIBO Group
Pound suffers on local data

The pound is down for a third consecutive day in a row in today’s trading as another round of disappointing data raised doubts over expectations...

STO
Gold Dropped as Forecasted

This is a notable day for several interrelated moves: the fall of the yen, the rise of the dollar, and the drop in precious metals. All these changes resulted ...

FxPro
Biggest Quarterly Drop in 7 Years

USD recovered marginally on Friday, but had its biggest quarterly decline against several currencies in nearly 7 years following hawkish signals...

FIBO Group
Oil poised for big rally

The oil price is taking a breather today after racking up seven consecutive days of gains and some believe the rally is poised to continue as we enter the 2nd half of the year...

Fort Financial Services
Gold prices continued to consolidate

The weakness in the stock markets has helped to keep the prices buoyed but as the markets recover, we should see the gold prices come under pressure...


FIBO Group
Pound hits critical resistance

The British pound has climbed significantly higher in the last three trading sessions, helped along by comments from Bank of England governor Mark Carney...

FIBO Group
Oil price set to reverse

The oil price has continued its winning streak today, racking up its 6th straight day of gains with some analysts failing to understand the reasons behind the rally. The jump in price over...

Deutsche Bank Derivative Loss

Although markets seemed to calm after last week’s activity, this doesn’t mean that the newsrooms are quiet. One of the big topics – is Deutsche Bank’s big derivative loss estimated at $60 million due to a risky bet placed on U.S. Inflation. According to Bloomberg.com...


FIBO Group
Pound to trade sideways

The British pound jumped significantly higher in yesterdays trading session and is trying to continue that trend today on the back of a deal...

Italy Commits 17 Billion Euros to Keep Veneto Banks Afloat

Italy arranged for one of the biggest bank rescues in history, with a cost of up to 17 billion euros ($19 billion) in order to wind up two failed banks in one of Italy's wealthiest regions. However, the deal- which was approved by the European Commission...

FxPro
Markets look to Central Bankers

Asian Equities traded higher on Tuesday approaching near two-year highs on Tuesday as USD strength helped exporters...


HotForex
UK consumer finally falters EURGBP to rise

One year on from Brexit and I was wrong about a recession in the UK by the end of 2016. A little overreaction in my immediate...

FxPro
Global Economic Optimism Continues

Global equities moved higher on Monday as optimism continued to improve on global economic growth. However, USD...

FIBO Group
Great opportunity in the pound

The British pound is under pressure today as a British Prime Minister Theresa may attempts to strike a deal with the DUP...


FIBO Group
Gold ready to rally again

The gold price is moving higher again today for the second day in a row as doubts linger on the Future of rate hikes...

Oil in Bear Market

Yesterday we saw a continuation in the drop of oil prices, which rippled out into the markets – pulling down both US and European Stock with it. This is likely a result of fears due to the non-OPEC countries ramping up production to cover the gap left from the OPEC+ agreement to restrict production...

HotForex
ASX tanked yesterday, oil bounced back

May existing home sales bounce to a 5.62 mln rate trimmed the April drop to 5.56 mln from a 5.70 mln cycle-high in March...


  


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