Euro Trading Lower Ahead Of ECB’s Key Rate Decision
For the 24 hours to 23:00 GMT, the EUR rose 0.08% against the USD and closed at 1.1266. The US dollar declined against the euro, amid concerns over US-EU trade tensions, after President Donald Trump stated that he would impose...
Yen Digests Gain as Trade War Threats Continue to Weigh on Sentiments, ECB to Stand Pat
The forex markets are relatively steady in Asian session today. For the week, Yen is so far the strongest, following mild risk aversion. Investors are concerned that the US is going to escalate trade war with EU, while they haven’t...
Can Gold Price Continue Higher Heading Into FOMC Minutes?
Key Highlights Gold price started a solid rebound after trading as low as $1,280.80 against the US Dollar. There was a break above a crucial declining channel with resistance at $1,292 on the 4-hours chart of XAU/USD. The US NFIB...
Consumer inflation could get lift from rising gasoline prices
Consumer inflation probably got a boost from rising gasoline prices in March, but it should not break out above the subdued pace that encouraged the Federal Reserve to keep interest rates on hold when it met last month. Both the...
Economist Larry Lindsey defends Trump’s likely Fed nominees
President Donald Trump has said he will nominate Steve Moore and Herman Cain to be members of the Board of Governors of the Federal Reserve system. Both have been criticized as being unqualified for not having Ph.D.’s in economics. The...
ECB to Hold Policy Steady at April Meeting as Euro Edges Up
The European Central Bank will announce its latest policy decision on Wednesday at 11:45 GMT, to be followed by a press conference by President Mario Draghi at 12:30 GMT. Unlike the March gathering when the Bank made significant adjustments to...
US Inflation Data and Fed Minutes in Focus as Rate-Cut Bets Rise
The two main releases for the dollar this week will be the US CPI data and the minutes from the Fed’s March meeting, due out on Wednesday at 12:30 and 18:00 GMT respectively. Attention could fall primarily on the inflation...
Oil Surges ahead of OPEC and IEA Reports
Oil is pushing higher again this week, with the rally in the last couple of sessions taking us through technical resistance and providing a further catalyst for gains. Brent stumbled at $70, but not for long, while WTI is now...
USD/JPY Cracks Strong Support on Fresh Weakness Driven by Trade Fears
Fresh trade fears pushed the dollar lower to crack pivotal supports at 111 zone in early US session trading on Tuesday, following the latest threats of US President Trump on imposing tariffs on imports from the EU, just a day...
Trump’s Threat of US-EU Trade War Sends Dollar, Yield and Stocks Lower
Dollar suffers new round of selling in early US session after Trump confirmed his intention to escalate trade war with the EU with his tweet. DOW opens sharply lower and is down -190pts at the time of writing. US 10-year...
Signal2forex.com - Best Forex robots and signals




