Forex Update – Mixed Signals The markets have been up and down the past week and a half as it deals with seasonal lack of liquidity mixed with political and economical events. Japanese Yen Last…
Trading Outlook
EURUSD Trims Losses Post-US Releases, Trading Near 1.1740
EURUSD After today’s session which included releases in the US docket, the EURUSD made an attempt to rebound from the earlier fall from 1.1689. The pair’s last daily upside was near 1.1818. The spot index for…
U.S. Dollar Volatility Ahead of NFP Trading
U.S. Dollar The US dollar dropped again against the majority of its peers on Wednesday on the release of slightly weaker-than-expected U.S. ADP jobs data. Also dovish comments from Federal Reserve officials increased concerns about…
Dollar Bulls Restrained Despite Positive Data
Political Tensions Trump Positive Economic Growth The US dollar received some much needed support at the latter end of last week from the better than expected pace of economic expansion. US GDP grew by 2.6%…
FOMC Commentary, Dovish USD Rises
FOMC Commentary The Federal Open Market Committee’s announcement shocked no one after it was announced that they would hold the main overnight benchmark rate into a range of 1.00-1.25%, as was priced into the market…
Sinking Greenback, Is There Hope?
Greenback – Any Hope? There was no hope yet for the dollar bulls in last week’s trading session. The Republican Senate were unable to pass a new health care bill and this lead to the…
EUR/USD Analysis
EUR/USD Volatility The euro started the week strong as the ForexSignal trading team sent a signal to buy the EURUSD at 1.1476 on July 17th. The pair reached all three of its take/profit targets on…
The Greenback Was Supposed to Rise… Forex Week in Review
Review of the week 10th-15th July 2017. Last week was supposed to be a strong week for the USD but instead, it turned into a devastating one for the greenback currency. For example, check out…
Greenback Recovery, Major Forex Events This Week
Greenback Recovery The greenback has recovered across the board as the second half of the year started on a busy note. In addition to the reaction to NFP; the inflation rate, consumer data and Janet…
Forex – Review and Outlook for July
Forex in perspective. The previous week witnessed some changes in the major currencies. Let us have a look at them. USD: The greenback was weaker among the majors even after the final GDP reading for…
