Political Factors Lower GBP The GBP/USD hit a low of 1.2635 after the parliament election in the UK. While no party has an absolute majority, the Conservatives could continue governing. With 318 seats, May’s Tories…
Trading Outlook
Major Events – Forex Trading Week June 5 – 9, 2017
We are embarking on another busy Forex week. Let us have a look at the major events in the week ahead and recap some highlights from last week. Rate decision by ECB After reducing the…
Upcoming Forex Volatility Detected – Heavy Data Week | GBP, USD, EUR Outlook
USD Tight Range; Volatility Pending The USD was stuck in a tight range this past week and it staged reversal threat. Monday is a holiday in the United States which means that the markets are…
Euro Forecast & Forex Trading Week of May 22-26, 2017
Euro The Euro surged today following comments by Angela Merkel, Germany’s chancellor, that the Euro was “too weak”. The Euro is looking overall bullish and hit a 2017 high today of 1.1262 against the Greenback…
Greenback Falls Off a Strong Rally
Greenback – Victorious Week The U.S. dollar finally came out victorious last week on multiple fronts, ending up as the best currency in terms of performance for the week in perspective. It is more astonishing…
USD, Euro React To NFP, French Election. What’s Next?
NFP April Review: US Jobs Bounce Back Sharply The NFP official data for April was released and it came out much better than initially anticipated. This is an indication that the precious month’s discouraging data…
Yen Weakens, Dollar Outlook and A Week Of Powerhouse Market Events
Yen Weakens The yen weakened against the USD and Euro overnight as the demand for the safe-haven yen lowered in view of the recent rebound in global stocks and the decline in U.S. Treasuries. Technical…
EURUSD: Parity in the Rear-View Mirror for Now
EURUSD and the French Elections Sundays round 1 of the French elections decisively ended the political risks to the Euro’s demise for the time being as far as France was concerned. However, Mondays Euro rally…
Theresa May Shock Announcement – GBP Drops and Then Soars
Theresa May Jolts The Sterling Today, British Prime Minister Theresa May’s impromptu announcement of an an early general election jolted the market and caused a knee-jerk reaction on the cable. The GBPUSD chart below shows how on…
USD Index – Greenback Trying for a Recovery
What Can We Learn From the USD Index? It has been a tough first quarter for the U.S. Dollar. Despite its pre-hike rally, the Greenback lost around 5% of its value against the Yen and…
