GBPCAD on a Slippery Mode; Stays Positive in Medium Term
GBPCAD is losing momentum after finding a strong resistance obstacle around the nine-month high of 1.7795 in the preceding week. The technical indicators are slowing down, mirroring the market’s behavior over the last days as the RSI is flattening in...
GBPUSD Risk Continues To Point Higher Despite Price Hesitation
GBPUSD risk continues to point higher despite price hesitation. Support stands at 1.3250 level. Further down, support comes in at the 1.3200 level where a break will turn focus to the 1.3150 level. Further down, support lies at the 1.3100...
German ZEW Lifts Stocks & Yield But Not Euro, Sterling Still Range Bound
The forex markets are having no clear direction for the moment. In particular, positive data from Europe were generally ignored by currencies even though yields and stocks are lifted. At the same time, there is no clarity regarding Brexit after...
FTSE Pushes on Despite Brexit Uncertainty
In recent days, we have been talking up the prospects of stronger recovery in European stock markets, owing in part to the falling government bond yields as a result of major central banks like the European Central Bank turning dovish...
Canadian Dollar Edges Higher ahead of Budget Release
The Canadian dollar has posted slight gains in the Tuesday session. Currently, USD/CAD is trading at 1.3310, down 0.20% on the day. On the release front, Canada releases its annual budget, which should be treated as a market-mover. All eyes...
DAX Soars To 5-Month High As Investors Expecting More Doves From Fed
The DAX has posted sharp gains in the Tuesday session. Currently, the DAX is at 11,759, up 0.88% on the day. The index is at its highest level since early October. Car maker shares are showing sharp gains, boosting the...
US economic growth is likely to slow sharply this year and next, according to CNBC’s Fed Survey
U.S. economic growth is likely to slow sharply this year and next, according to respondents to the CNBC Fed Survey for March, and weaker global growth and tariffs are seen as the major culprits. The average forecast for gross domestic...
US economic growth is set to slow sharply this year and next, according to CNBC’s Fed survey
U.S. economic growth is set to slow sharply this year and next, according to respondents to the CNBC Fed Survey for March, and weaker global growth and tariffs are seen as the major culprits. The average forecast for gross domestic...
BOE Preview – Staying Cautious Despite Temporary Bounce in Economic Data. Brexit Uncertainty Remains
BOE would leave the Bank rate at 0.75% in March. Despite the bounce in the January data, the members would still remain cautious as global economic slowdown remains a key theme of this year. Meanwhile, the members would maintain a...
China’s small businesses are promised more money
By Pan Yue China’s annual parliamentary gathering, bringing together the National People’s Congress and a Chinese People’s Political Consultative Conference, is watched avidly by economists, analysts and bankers because it is often the launchpad for new policies. And so it...
Signal2forex.com - Best Forex robots and signals




