January, 2019 | Forex robots store

Former Fed Chair Alan Greenspan thinks the Ocasio-Cortez 70% tax plan is ‘a terrible idea’

Raising the marginal tax rate on the richest Americans to 70 percent would put a major dent in the economy, former Federal Reserve Chairman Alan Greenspan said Monday. During an interview with the CBS program “60 Minutes” that aired Sunday,...

AdminJan 7, 2019

Technical analysis of Forex market

EURUSD – Bulls Eye Daily Cloud Top after 1.1444 Fibo Barrier Taken Out

The Euro remains bid in early American session on Monday and establishes above broken 1.1444 pivotal Fibo barrier. The pair advanced 0.6% since Monday’s opening and pressures initial target at 1.1478 (100SMA) with pivots at 1.1496/1.1515 (2019 high, posted on...

AdminJan 7, 2019

Fundamental analysis of Forex market

Yen Unchanged, US Services PMI Slips

The Japanese yen has started the new trading week with a yawn. In Monday’s North American session, USD/JPY is trading at 108.46, down 0.05% on the day. The sole U.S indicator, ISM Non-Manufacturing PMI, dropped to 57.6 in December, down...

AdminJan 7, 2019

Fundamental analysis of Forex market

Stocks Pause as Focus Shifts to Trade Talks

Last week’s stock market rally stemmed from the PBOC’s RRR cut, outstanding US employment numbers and Powell’s comments on patience and ability to shift stance quickly. Soothing comments from the Fed were the primary driver for equities, but that momentum...

AdminJan 7, 2019

Finance news

US services sector grows at slowest pace since July

The U.S. services sector expanded at a slower-than-expected pace in December, according to data released Monday. The institute for Supply Management said its non-manufacturing index clocked in at 57.6 last month. Economists polled by Refinitiv expected the ISM non-manufacturing index...

AdminJan 7, 2019

Market overviews

Euro Shrugs Off Deteriorating Investor Confidence, Rises Together With Swiss Franc

Swiss Franc and Euro are the strongest major currencies in a rather quiet day today. Mild recovery in German bund yield is giving the common currency a little lift. But the main drive in the forex market is Dollar’s weakness....

AdminJan 7, 2019

Finance news

US-China trade war: Beijing says both sides have expressed a desire to hammer out a deal

As officials from Beijing and Washington met to attempt to hash out their countries’ ongoing trade dispute, China’s foreign ministry said Monday that both sides had expressed a will to work together in order to implement the consensus of their...

AdminJan 7, 2019

Central banks news

BOC Preview – No Change in Rates, Dovish Stance Accompanied by Modest Forecast Downgrades

We expect BOC to leave the policy rate unchanged at 1.75% at the upcoming meeting this week. Besides releasing the statement and Monetary Policy Report, the central bank would also update the economic forecasts and host a press conference. The...

AdminJan 7, 2019

Market overviews

Dollar Broadly Lower on Cautious Fed Powell, US Government Shutdown Continues

Riding on the strong rally in the US on Friday, Asian opened the week generally higher. While major Asian indices maintain gains, there is no follow through buying seen. There seems to be enough risks to keep investors’ hands tied,...

AdminJan 7, 2019

Technical analysis of Forex market

EUR/USD Primed To Retest 1.1500 Resistance

Key Highlights The Euro found support near the 1.1300 level and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.1385 on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in Dec...

AdminJan 7, 2019

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Month: January 2019

Former Fed Chair Alan Greenspan thinks the Ocasio-Cortez 70% tax plan is ‘a terrible idea’

EURUSD – Bulls Eye Daily Cloud Top after 1.1444 Fibo Barrier Taken Out

Yen Unchanged, US Services PMI Slips

Stocks Pause as Focus Shifts to Trade Talks

US services sector grows at slowest pace since July

Euro Shrugs Off Deteriorating Investor Confidence, Rises Together With Swiss Franc

US-China trade war: Beijing says both sides have expressed a desire to hammer out a deal

BOC Preview – No Change in Rates, Dovish Stance Accompanied by Modest Forecast Downgrades

Dollar Broadly Lower on Cautious Fed Powell, US Government Shutdown Continues

EUR/USD Primed To Retest 1.1500 Resistance

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Month: January 2019

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