Mar 24 2:25pm BabyPips.com
If you find yourself dealing with the same set of problems for months (or even years), then it’s time to take a closer look at possible reasons why you can’t move on from them. Continue reading → The post 3 Reasons Why You Can’t Meet Your Trading Goals appeared first on BabyPips.com.
Mar 24 1:15pm Forex Crunch
EUR/USD had a mixed week. The last week of March features a key survey and fresh inflation figures. Is the ECB’s optimism justified? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The French elections seem more favorable to Emmanuel Macron, the mainstream candidate, alleviating fears for a win [...] The post EUR/USD Forecast Mar. 27-31 appeared first on Forex Crunch.
Mar 24 1:01pm Forex Crunch
German Ifo Business Climate, US CB Consumer Confidence, Stephen Poloz speech US Crude Oil Inventories, Unemployment claims, GDP data from the US and Canada are the main events on forex calendar. Here is an outlook on the highlights of this week. Last week US data came out weaker than expected with a 15,000 rise in [...] The post Forex Weekly Outlook March 27-31 appeared first on Forex Crunch.
Mar 24 11:39am Forex Blog
EUR/USD was falling today but bounced after Markit released a bunch of PMI reports for eurozone, all of which exceeded expectations. Meanwhile, PMIs for the United States were disappointing, hurting the US dollar. The greenback was also under pressure because traders were cautious, waiting for the vote on Donald Trump’s …...
Mar 24 10:43am BabyPips.com
Yo! For today's end-of-the-week intraday charts update, I've got a couple of short-term channels for the Greenback, with USD/JPY and GBP/USD in focus. Continue reading → The post Intraday Charts Update: Channels for USD/JPY and GBP/USD appeared first on BabyPips.com.
Mar 24 9:53am RTT - Forex Top Story
Populist narrative that things were better before the euro is a deception and the single currency and EU are made scapegoats, European Central Bank Executive Board member Peter Praet said.
Mar 24 9:41am Vladimir Ribakov
The United States has issued a presidential permit for TransCanada Corp’s Keystone XL oil pipeline, the Canadian company said on Friday, ending a years-long battle between environmentalists and the industry over whether Washington should approve it. U.S. President Donald Trump will announce the permit alongside TransCanada (TRP.TO) Chief Executive Officer Russell Girling at the White House later Friday, according to a senior administration official. White House spokesman Sean Spicer said a Keystone XL announcement would come at 10:15 a.m. EDT. TransCanada’s U.S.-listed shares (TRP.N) jumped 3.7 percent to $49.50 in premarket trading. The pipeline linking Canadian oil sands to U.S. The post Trump administration grants permit for Keystone XL pipeline: TransCanada appeared first on Vladimir Ribakov.
Mar 24 9:09am RTT - Forex Top Story
Reflecting a continued increase in demand for commercial aircraft and parts, the Commerce Department released a report on Friday showing that new orders for U.S. manufactured durable goods shot up by more than anticipated in the month of February. The report said durable goods orders jumped by 1.7 percent.
Mar 24 8:32am Forex Crunch
This is another case of the headline figure beating expectations with the core data coming short of expectations. Durable goods orders are up 1.7\% against 1.2\% forecast. In addition, the previous figure was revised to the upside: 2.3\% against 2\% originally reported for January. Core orders are up 0.4\%, below 0.5\% predicted. At least there is a positive [...] The post US core durable goods orders miss expectations – USD ignores appeared first on Forex Crunch.
Mar 24 8:28am BabyPips.com
The safe-haven yen and Swissy, together with the lower-yielding euro, were fighting it out for the top spot during today's morning London session, thanks to the risk-off vibes. The Greenback, meanwhile, was in retreat, likely because of jitters ahead of the vote on the U.S. healthcare bill. Continue reading → The post London Session Recap: Risk Aversion Boosts JPY, CHF, & EUR appeared first on BabyPips.com.
Mar 24 7:52am RTT - Forex Top Story
Eurozone private sector activity expanded at the fastest pace in almost six years in March, amid robust new orders and employment growth in both manufacturing and service sectors. The composite output index rose unexpectedly to 56.7 from 56.0 in February, flash data from the purchasing managers' survey by IHS Markit showed Friday. The score was forecast to fall slightly to 55.8.
Mar 24 7:39am RTT - Forex Top Story
Russia's central bank unexpectedly reduced its key interest rate on Friday, after holding it steady for three sessions in a row, and said it could lower it further as inflation slowdown was faster-than-expected amid an economic recovery though risks remain elevated.
Mar 24 7:01am Vladimir Ribakov
Here is the weekly summary March 24th 2017. Fourth trading week of March is near its end. It is now time to recap and summarize the trade setups that we had. Below you will find the short explanation of all setups we had this week. Trades Summary: GBPAUD – No entry. the correction didn’t make the two waves down as we wanted and started the move earlier. CADJPY – Trade invalidated, false break didn’t happen. EURGBP – Breakout of the most recent uptrend line happened, target 1 reached. NZDJPY – No entry, price didn’t reach the magnet zone, yet this The post Weekly Summary March 24th 2017 appeared first on Vladimir Ribakov.
Mar 24 6:41am FXTechstrategy
USDJPY: The pair continued to retain its downside pressure with more declines expected. On the downside, support comes in at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 112.50 level. Further out,Continue reading...
Mar 24 6:36am Forex.Info
The dollar came back yesterday after US President Donald Trump’s healthcare bill got postponed for next week. The bill is considered as a first test of passing something through congress, and is seen as an indication as to... The post Bullet Report: Dollar Strikes Back thanks to Trump appeared first on Forex.Info.
Mar 24 6:29am RTT - Currency Markets
The euro strengthened against the other major currencies in the European session on Friday, after data showed that Germany registered the fastest rate of private sector output growth in nearly six years at the end of the first quarter of 2017.
Mar 24 5:48am BabyPips.com
What’s up with the yen’s strength these days? Let’s take a look at four possible factors pushing the low-yielding currency higher. Continue reading → The post 4 Factors Pushing the Yen Higher These Days appeared first on BabyPips.com.
Mar 24 4:40am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0765): EURUSD is looking to giving up its gains following the rally to 1.0800 which is proving to be a strong resistance level that previously kept a lid on prices in late January and early February and previously around November last year. On the daily chart, the EURUSD price action [...] The post EURUSD, XAUUSD and USDJPY TA – March 24 2017 appeared first on Forex Crunch.
Mar 24 4:30am Forex Crunch
German business is bullish: the manufacturing PMI beat expectations with a score of 58.3 points, significantly better than 56.5 predicted. The services PMI lags a bit behind but is also above projections: 55.6 against 54.6 that was on the cards. EUR/USD extends its recovery and eyes the 1.08 level. Resistance awaits at 1.0830, followed by 1.0870. Support [...] The post German PMIs beat expectations – EUR/USD extends gains appeared first on Forex Crunch.
Mar 24 4:02am Forex Crunch
Republican lawmakers are still negotiating the AHCA bill, aka Trump-care. The legislation that is meant to repeal and replace Obamacare does not have enough support from the ruling Republicans to pass the vote in the House, a first step. Given the opposition from within, President Donald Trump decided to set an ultimatum: a vote on Friday [...] The post Trump’s ultimatum: win-win now, lose-lose later appeared first on Forex Crunch.
Mar 24 3:48am Forex Crunch
The Australian dollar seems to move according to the ebb and flow of the US dollar more than anything else. The team at Danske refocuses on the RBA and sets targets. Will the pair break below support? Here is their view, courtesy of eFXnews: Danske Bank Research notes that AUD/USD has reversed the move after [...] The post AUD/USD: ‘Wait A Minute, Not So Fast’; Where To Target? – Danske appeared first on Forex Crunch.
Mar 24 2:59am Forex.Info
Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to... The post Friday 24-03-2017 Lookback appeared first on Forex.Info.
Mar 24 2:20am BabyPips.com
The dollar bounced back from its late U.S. session losses after U.S. officials hinted that Trump is “done negotiating” and is calling for a vote this Friday. Continue reading → The post Asian Session Recap: Healthcare Vote Gets New Schedule appeared first on BabyPips.com.
Mar 24 2:05am RTT - Currency Markets
Antipodean currencies such as the Australian and the New Zealand dollars weakened against their major counterparts in the Asian session on Friday, as crude oil prices fell amid concerns that the OPEC's supply quota plan will not alleviate the global supply glut.
Mar 24 1:37am RTT - Forex Top Story
Flash Purchasing Managers' survey results from euro area and mortgage approvals from the UK are due on Friday, headlining a light day for the European economic news.
Mar 24 1:20am BabyPips.com
Caught a couple of wins with the Inside Bar Momentum Strategy this past week! I'll round up the performance of the basic version of this system for the quarter before implementing tweaks next month. Continue reading → The post Mech System Update: Inside Bar Momentum Strategy (Mar. 17-24, 2017) appeared first on BabyPips.com.
Mar 24 12:39am Forex.Info
If you’re a trader, there’s no shortage of financial gurus to follow on Twitter. Today, we want to look at some great female traders and market commentators, and how you can follow them. This top-ten list is sure... The post 10 Female Traders You May Need to Follow on Social Media appeared first on Forex.Info.
Mar 23 9:30pm BabyPips.com
Nope, not this time! The channel support on AUD/NZD seemed to give way during its latest test while EUR/JPY isn't showing any signs of a bounce so far. Here's what I did. Continue reading → The post Trade Updates: EUR/JPY Pullback and AUD/NZD Channel appeared first on BabyPips.com.
Mar 23 8:09pm BabyPips.com
We're taking a look at some sweet yen setups, homies! Check out CAD/JPY's possible breakout and EUR/JPY's pullback play! Continue reading → The post Chart Art: EUR/JPY’s Retracement & CAD/JPY’s Bearish Pennant appeared first on BabyPips.com.
Mar 23 7:49pm BabyPips.com
After hours of intense deliberations and a lot of anticipation, traders were disappointed to find out that the House of Representatives decided to delay the healthcare bill vote. Where is Frank Underwood when you need him? Continue reading → The post U.S. Session Recap – Congress Healthcare Vote Delayed appeared first on BabyPips.com.
Mar 23 6:30pm RTT - Forex Top Story
New Zealand posted a merchandise trade deficit of NZ$18 million in February, Statistics New Zealand said on Friday.
Mar 23 5:03pm BabyPips.com
Momentum remains strong to the downside on NZD/JPY after a break of the strong support around 81.00. Does it still have legs in the short-term? Continue reading → The post Trade Idea: Sell Momentum on NZD/JPY? appeared first on BabyPips.com.
Mar 23 4:48pm Forex Crunch
The US dollar has been on the back foot, especially against the safe-haven Japanese yen. For those hanging on to the greenback, where can hope come from? Here are two opinions: Here is their view, courtesy of eFXnews: USD: What Bulls Need To Do Now? – SocGen Societe Generale FX Strategy argues that USD bulls needs to [...] The post USD: Cautious outlook for bulls – two views appeared first on Forex Crunch.
Mar 23 3:22pm Forex Blog
EUR/USD was little changed during Thursday’s trading session as economic data from the United States was mixed and markets were waiting for the vote for the Trumpcare. Initial jobless claims were at the seasonally adjusted level of 258k last week, an increase from the previous week’s revised level of 243k. It …...
Mar 23 11:40am BabyPips.com
Unfortunately I didn't get any valid signals today so I had to sit on the sidelines. See how it all went down in today's Cowabunga Surf Report. Continue reading → The post Cowabunga Forex System Daily Update: Thursday, 03/23/2017 appeared first on BabyPips.com.
Mar 23 10:42am BabyPips.com
GBP/AUD: 1-Hour Back on March 17, the pair was close to that there descending channel’s resistance area, so we were lookin’ to go short. However, I also told y’all that there was a higher-than-average chance for an upside breakout. As … Continue reading → The post Intraday Charts Update: GBP/AUD Pullback & EUR/GBP Channel appeared first on BabyPips.com.
Mar 23 10:29am RTT - Forex Top Story
New home sales in the U.S. saw a substantial increase in the month of February, the Commerce Department revealed in a report on Thursday, with sales jumping to their highest level in seven months. The report said new home sales spiked by 6.1 percent to an annual rate of 592,000 in February.
Mar 23 9:14am RTT - Forex Top Story
A report released by the Labor Department on Thursday showed an unexpected increase in first-time claims for U.S. unemployment benefits in the week ended March 18th. The report said initial jobless claims climbed to 258,000.
Mar 23 8:55am RTT - Forex Top Story
Euro area economic recovery is steadily firming and the trend is likely to continue with growth firming and broadening going ahead, the European Central Bank said Thursday.
Mar 23 8:46am Forex Crunch
Fed Chair Janet Yellen offers no significant comment on monetary policy. She says that the economy gains when more people work, which is not breaking news, to say the least. She also notes that young people should be better prepared for the labor market. The US dollar remains pressured as markets await the hyped vote [...] The post Yellen does not help the US dollar appeared first on Forex Crunch.
Mar 23 8:29am RTT - Forex Top Story
UK retail sales increased for the first time in four months in February despite high inflation squeezing purchasing power of consumers. The retail sales volume grew 1.4 percent month-on-month in February, reversing a 0.5 percent fall in January, the Office for National Statistics said Thursday.
Mar 23 8:29am Vladimir Ribakov
We have a good USDJPY buy opportunity forming. We have a bullish divergence forming on the Daily chart near 61,8. USDJPY D1 Chart: A special cycle seems to be completing in the H4 chart. USDJPY H4 Chart: Aggressive Entry: We are looking for a false break below last low and a trend line breakout which could be used as an aggressive entry. Conservative Entry: Step 1 – Wait for a false break below last low. Step 2 – Break above 111.60 Step 3 – Wait for small correction and buy. Protection below last low. Target 1 – Twice the stop The post Good USDJPY Buy Opportunity With Divergence appeared first on Vladimir Ribakov.
Mar 23 8:20am Forex Crunch
The main story of the day is whether or not Trump care will pass the first hurdle in the House vote. If the bill passes, it is seen as a sign that Trump is in control, can pass complex legislation and then proceed to cut taxes and splashing the cash on infrastructure as promised during the [...] The post The other Trump story matters a lot more appeared first on Forex Crunch.
Mar 23 7:46am Forex Crunch
GBPJPY has been turning bullish for the last few weeks, with an impulse up as wave A) shown on the daily chart, which means that the market is in a bigger three wave recovery. Regarding the 4h chart, we see the price trading in a five-wave complex pattern within wave B) that is also known [...] The post Elliott Wave Analysis: GBPJPY Trading In A Complex Correction – A Triangle appeared first on Forex Crunch.
Mar 23 7:14am Vladimir Ribakov
Hi Traders, US Session technical analysis March 23rd is here. It time to find out the good opportunities that market has created for us. My analysis of some of the major currency pairs are as follows: EURUSD H4 Chart: The price is in a bearish momentum and is moving down towards the support zone 1.073. Currently we have a hidden bullish divergence and on the H1 chart we have a continuing bullish divergence hence a change of momentum can be expected soon. Once that happens we can expect the long term bullish cycle that started in the beginning of March The post US Session Technical Analysis March 23rd appeared first on Vladimir Ribakov.
Mar 23 6:18am BabyPips.com
As expected, the RBNZ kept the OCR steady to a record low 1.75\%. There was no press conference, however, which is a bummer. Anyhow, here are the takeaways of the March RBNZ statement that you may wanna know about. Continue reading → The post 4 Takeaways from the March RBNZ Statement appeared first on BabyPips.com.
Mar 23 6:06am RTT - Currency Markets
The British pound continued to be strong against the other major currencies in the European session on Thursday, after data showed that U.K. retail sales increased for the first time in four months in February.
Mar 23 6:00am Forex Crunch
The euro enjoyed some hawkish comments by the ECB as well as optimism about the outcome of the French elections. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital Research has upgraded its macro forecasts for the Euro area seeing growth to 1.7\% for 2017 and 2018. Despite better growth, Barclays forecasts the output [...] The post EUR: What The ECB Exit Strategy Would Look Like? – Barclays appeared first on Forex Crunch.
Mar 23 5:50am Vladimir Ribakov
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Mar 23 5:30am Forex Crunch
Brits are back to buying: a rise of 1.4\% in headline sales in February, much better than expected. While this is accompanied by a downwards revision, we have a beat also on the y/y numbers” 3.7\%. Excluding fuel, sales are up 1.3\% m/m and 4.1\% y/y. The rises now follow three consecutive months of drops in the headline m/m figure. [...] The post Brits are back to buying: retail sales jump 1.4\% – GBP follows appeared first on Forex Crunch.
Mar 23 4:45am Forex.Info
Crude oil has declined sharply this month, as the prospect of a renewed supply glut from U.S. shale threatens the market’s quest for balance. Since reaching 19-month highs on February 23, U.S. West Texas Intermediate (WTI) futures have... The post Oil Prices Experience Biggest Drop in a Year as Oversupply Fears Escalate appeared first on Forex.Info.
Mar 23 4:20am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0789): EURUSD continues to hover near the 1.0800 support/resistance level although the chart pattern indicates continued downside in prices. The bullish rally from the lows of 1.0500 is showing signs of exhaustion, but further upside can be expected only on a break out above 1.0800. To the downside, a break [...] The post EURUSD, GBPUSD and USDJPY TA – March 23 2017 appeared first on Forex Crunch.
Mar 23 4:13am Forex.Info
Global markets stabilized yesterday after taking some losses a day earlier. Investors are on edge ahead of a vote on U.S. health care later today that could be a barometer for future Trump administration policies. Be prepared for some... The post Bullet Report: Gold on the Rise | USD Volatility Expected Today appeared first on Forex.Info.
Mar 23 3:25am Forex Crunch
The birds are chirping, the leaves are green but the greenback is on the back foot. What technical levels should we look out for as the dollar is falling? Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF. Lines of resistance and support for the following crosses: [...] The post Technical levels for currency pairs – Early Spring edition appeared first on Forex Crunch.
Mar 23 2:42am RTT - Currency Markets
The Canadian dollar strengthened against the other major currencies in the Asian session on Thursday, as crude oil prices advanced after official data showed that gasoline stockpiles continued to fall last week.
Mar 23 2:23am RTT - Currency Markets
The New Zealand dollar weakened against the other major currencies in the Asian session on Thursday, after the Reserve Bank of New Zealand maintained its Official Cash Rate at a record low.
Mar 23 2:04am Forex Crunch
The Australian dollar is torn between positive Chinese data and not-so-good employment data at home. The wobbles of the US dollar also play a role in AUD/USD. What do the technical levels tell us? Here is the view from NAB: Here is their view, courtesy of eFXnews: NAB Technical FX Research notes that while AUD/USD 2017 uptrend [...] The post AUD/USD: In Consolidation Pattern; Weekly Close Key – NAB appeared first on Forex Crunch.
Mar 23 1:35am Forex.Info
The level of debt among the biggest economies in the world requiring refinancing by governments for 2016 has remained essentially the same as last year. This comes as countries have been successful in reducing budget deficits to around... The post Debt Refinancing Among Largest Economies Reach $7 Trillion appeared first on Forex.Info.
Mar 23 12:29am RTT - Forex Top Story
Retail sales from the UK and consumer confidence from Germany are the major economic reports due on Thursday.