Current trend At the end of the week, the US Dollar is trying to resume its growth against the Canadian Dollar after three days of a downward correction during which the pair declined from early June local highs. Market situation is getting more stable, and investors have shifted the focus of their attention to statements made by representatives of major central...
Current trend Yesterday the GBP/USD pair was growing and gained 250 points but then started correcting down and lost 150 points. There is a strong chance that descending movement will continue. Today the pair might be influenced by UK’s Q1 GDP data, due at 10:30 am (GMT+2). Support and resistance The price is moving down from the middle MA of Bollinger Bands...
Current trend At the end of the previous week, the price of silver gained support when it became known that British people supported ‘Leave’ camp in Brexit referendum. Market volatility surged, as the result was a kind of surprise. Since the beginning of this year, the price has increased by about 30%, and the dynamics might continue while investors choose to...
XAG/USD, D1 On the daily chart the pair is traded near the upper band of the Bollinger indicator. The indicator is moving up and the price range is expanding. The price is above the moving average line of EMA50, EMA100 and EMA144. MACD histogram is in the positive area, its volumes are slightly decreasing. Stochastic is in the central area, at the border with...
Current trend Demand for the Yen remains high amid difficulties and risks the global economy is facing. The American Dollar does not manage to show a strong growth being under pressure from mixed macroeconomic data, released in the US. As a result, the USD/JPY pair reached the key support level of 103.50. Today market participants are following Fed Chair Janet...
Current trend The pair continues falling amid increasing anxiety on the market due to an upcoming referendum on UK’s membership in the EU, which is forcing investors to switch into safe-haven assets, such as the Yen. In addition, the Yen was supported by the decision by the Bank of Japan not to expand its stimulus program despite low inflation and weak growth of...
Current trend The pair continues growing despite results of the Federal Reserve monetary policy meeting. The Regulator decided to keep its current monetary policy unchanged and noted in the Monetary Policy Statement that only one more rate increase should be expected this year. The Canadian Dollar came under pressure, as Governor of the Bank of Canada Stephen...
Current trend Today the pair is growing amid some weakening in the US Dollar that remains under pressure prior to the Fed Interest Rate Decision. According to forecasts, the rate will remain unchanged at 0.5% due to the publication of very weak data on the US labour market. Just to remind, the Nonfarm Payrolls came out at 38 thousands that was significantly...
Current trend On Monday the GBP/USD pair after a short upward correction resumed its downward trend. During the past week, the pair was falling but probably has not reached its lows yet and might continue moving further down. Today attention needs to be paid to statistics on key indices which have been released in the UK and data on retail sales due in the US. ...
Current trend In the end of last week, the pair substantially declined amid some strengthening in the US Dollar, which was supported by strong data on the US labour market. The number of Initial Jobless Claims fell to 264 thousands, while economists predicted their growth to 270 thousands. At the same time, today the Australian Dollar was supported by strong...
Current trend On Tuesday the AUD/USD pair strengthened to its new local high being supported by results of the RBA monetary policy meeting. RBA’s assessment of economic prospects was quite optimistic, and interest rates were left unchanged at 1.75%. The Regulator believes that the current monetary policy would be consistent with sustainable growth in the...
Current trend Last week, the EUR/USD pair grew amid weak US labour market data. In particular, the Nonfarm payrolls came in at 38 thousands. However, there still a good chance of the Federal Reserve tightening its monetary policy this summer that may strengthen the US Dollar. The Euro remains under pressure from a fall in German bond yields. Moreover, as long...
Current trend In the end of last week, the pair significantly grew amid the publication of weak macroeconomic statistics in the US, where the Nonfarm Payrolls came out at only 38 thousands, while economists predicted 164 thousands. The data lowered the probability of an interest rate hike at June’s meeting of the Fed to 4% that lead to a drop in the US against...
Current trend Since the beginning of the week, the pair continues falling. The Pound was pressured by weak macroeconomic statistics from the UK where the Consumer Credit shrank from 1.822 to 1.298 million Pounds, against a forecasted decline to 1.6 million. In addition, Mortgage Approvals fell from 70.31 to 66.25 thousands. Today attention needs to be paid to...
Current trend The pair continues falling amid strengthening in the US Dollar, which is supported by the expectations of an interest rate hike in the US in coming months. In addition, the Euro remains under pressure prior to the ECB meeting. Experts assume that monetary policy will remain unchanged because the quantitative easing program was already...
Current trend Today the pair significantly grew amid a publication of strong macroeconomic statistics in Australia. Building Permits in April increased by 3% instead of a forecasted decline of 2.8%, while the Private Sector Credit rose from 6.4% to 6.7%. Today attention also needs to be paid to data on the Consumer Confidence in the US. Growth in the index...
Current trend The pair continues falling amid weakening in the GBP. The Pound was pressured by poor data on the GDP for the first quarter of the year in the UK. On a year-to-year basis, the index came out at 2.0%, which was 0.1% worse than forecasts. In addition, the Total Business Investment in the country in the previous quarter declined by 0.5%. Today...
Current trend Yesterday the pair fell amid the publication of strong macroeconomic statistics in Switzerland, where the UBS Consumption Indicator grew from 1.40 to 1.47 points. In addition, the Dollar was pressured by weak data on the Markit Services PMI in the US. In May, the index fell from 52.8 to 51.2 points. Today attention needs to be paid to data on...