EUR/AUD 4H Chart: Buy Signals Today
The common European currency depreciated about 1.14% against the Australian Dollar during the last week. However, the currency pair revealed a new junior ascending channel pattern during this period. The exchange rate was stranded between SMAs during the first part...
Trading the Tokyo Session: A Guide for Forex Traders
The Asian trading session is one of the best time of day to trade forex, as explained in the DailyFX Traits of Successful Traders series. Also known as the Tokyo session, the Asian trading session is often overlooked as it...
Brexit Uncertainty To Rise In Coming Months
We think the probability of Prime Minister May’s deal passing on 12 March is low (15%), although we have seen some softening lately in the Brexiteers’ position on the backstop. The defeat, however, may be smaller than in January and...
Germany’s Factory Orders Declined At Its Fastest Pace In Seven Months In January
For the 24 hours to 23:00 GMT, the EUR rose 0.42% against the USD and closed at 1.1242 on Friday. On the macro front, Germany’s seasonally adjusted factory orders unexpectedly fell 2.6% on a monthly basis in January, amid drop...
Sterling Lower as Crucial Brexit Votes Loom But There’s No Sign of Progress
Sterling opens the week lower and stays generally weak today. As the crucial Brexit votes loom there is no breakthrough on the issue of Irish backstop. EU’s so called “concessions” were rejected by the UK government. And there is practically...
GBP/USD And EUR/GBP: Pound Extending Losses
GBP/USD declined heavily this past week and broke the key 1.3100 support area. EUR/GBP gained traction and broke the 0.8580 and 0.8600 resistance levels to move into a positive zone. Important Takeaways for GBP/USD and EUR/GBP The British Pound faced...
Fed Chair Powell: ‘The law is clear,’ Trump can’t fire me
Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate...
Turkey’s risk score still sliding
A lot of hot air over Turkey: And from an investor’s point of view, the fear of a crash landing Turkey is a consistent theme, as far as investor risk is concerned. That much is clear from Euromoney’s country risk...
Sentiments Turned Sour on Slowdown Worries, But No Panic Button Hit Yet
Looking through all the financial market news last week, the message was rather unified. That is, 2019 will be a year of slowdown, globally. Economic data, central banks, governments and independent organizations are all reinforcing this message. While ECB’s “pre-emptive”...
Professional esports are just getting started, Take-Two CEO says
Earlier this week at the Barclays Center, 74 men and 1 woman got the chance to live out a dream — they became professional competitive gamers. The esports athletes were officially drafted for the second season of Take-Two’s NBA 2K...
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