FXCM - Forex Forecasts

Euro Declines Despite Improved German Consumer Confidence

German consumer confidence will rise in February from a 7-month low, according to the GFK survey. The survey result was reported at 5.8, slightly higher than an expected 5.7 and better than January's revised 5.7 survey result...

Dollar Posts Third Four-Day Rally Since Bull Wave Began

Though its recent gains have been particularly reserved, the Dow Jones FXCM Dollar (ticker = USDollar) managed to fourth consecutive daily advance through Monday's close...

British Pound Sinks as Carney Hints at More Easing

The British Pound broadly underperformed in overnight trade, down against its top counterparts. The selloff followed comments from incoming Bank of England Governor Mark Carney...

Learn How to Trade Forex
Learn How to Trade Forex

Get FXCM New to Forex Trading Guide when you sign-up for a FREE $50k practice account. The guide will explain what the forex market is and why to trade it, as well as the numerous advantages it offers and how it differs from traditional markets. The guide will also help you learn the simple steps and skills you need to make your first trade and become a forex trader. Get started and sign up today!
*Risks regarding foreign exchange trading

Euro Looks to ECB LTRO Repayment for Direction Cues

The European Central Bank is in focus as it releases details of next week's first 3-year LTRO repayment. The central bank gave lenders the option to return the money early when it conducted the repo operations. Repayments will be held weekly on the last business day starting January 30...

Dollar, Risk Trends Steady Despite House Debt Approval

The fundamental tide continues to grow, yet speculative trends refuse to be driven from their stubborn state of stasis. That is a burden for the US dollar which still plays a dominate role in the FX market as a safe haven and reserve currency...

Dollar Climbs to a Six-Month High, EUR/USD Soon to Break

On one hand, the S&P 500 - a benchmark for risk appetite trends - closed this past week at its highest level in five years. On the other, we have the Dow Jones FXCM Dollar Index (ticker = USDollar) - the world's reserve currency and thereby a primary safe haven - closing Friday at its highest level in six months...


US Dollar Strengthens on Europe and BOJ Meeting

A resurfacing of US debt ceiling concerns on Monday saw a sharp fall in the S&P500 index, and a rally in the US Dollar as investors sought the safer asset...

Dollar Primed for Breakout after EUR/USD Retreats from 1.3400

The dollar has put in for a few particularly interesting moves over the past 24 hours. Yesterday, the greenback extended its advance against the euro to more permanently shift EURUSD off multi-month highs at 1.3400, while GBPUSD closed below 1.6000 for the first time in eight weeks...

US Dollar Under Fire as S&P 500 Hits Four-Month High

Prices turned lower from resistance at the top of a rising channel set from mid-September, taking out near-term support at smaller channel bottom to expose the 50% Fibonacci retracement at 10038. A further push below that aims for the 61.8% level at 10009...

easyMarkets lets you protect your trade against losing
easyMarkets lets you protect your trade against losing

The 17-year veteran of the FX and CFD broker industry offers a tool to its traders, that allows them to protect their open position against losing for a duration of an hour. dealCancellation allows easyMarkets traders to "insure" their trades for a small fee for up to an hour.

US Dollar Corrects Higher, Wells Fargo Earnings on Tap

The US Dollar corrected higher – rising against all of its leading counterparts – as prices corrected after yesterday’s aggressive selloff. The greenback fell 0.6 percent, marking the largest single-day drop in close to four months, as risk appetite swelled in the wake of better-than-expected Chinese trade figures...

Euro Rallies on Strong Spanish Bond Auction - ECB Ahead

A continued weakening of the Japanese Yen and a strong Spanish bond auction have pushed up demand for high beta currencies and risk-correlated assets in the first half of the European trading day...

US Dollar Finds Support as S&P 500 Continues to Stall

Prices found support at 10059, the 23.6% Fibonacci retracement. A bounce from here sees initial channel top resistance at 10133, with a break above that targeting the January 4 high at 10158. Alternatively, a drop through support exposes the 38.2% level at 9998...


Yen Poised to Extend Overnight Gains on Risk Aversion

The Japanese Yen outperformed in overnight trade as Asian stocks declined, driving demand for safety-linked currencies. The MSCI Asia Pacific equity index fell 0.3 percent...

  


Share: