RBA Board to Hold Policy Steady – Lower Unemployment Forecasts
The Reserve Bank Board meets next week on May 4. That will be followed by the May Statement on Monetary Policy which will print on May 7. This could be quite an important meeting. In recent times the meetings which...
EUR/GBP Outlook: Sterling Slips as BoE’s is Unlikely to Signal any Change in the Policy Next Week’s
The cross rose on Friday as the pound was sold against its major counterparts on fading risk mode and traders awaiting BoE’s policy meeting next week. The British central bank is unlikely to sign is unlikely to signal any tapering...
Dollar Rebounds after Strong PCE Inflation, Euro Retreats on Mixed GDP
Dollar rebound in early US session after much stronger than expected PCE inflation data. Though, at this point, Canadian Dollar remains slightly firmer, as supported by GDP data. Yen is also recovering with mild retreat in German and Japan yields,...
WTI Futures Resume Hike With Weakened Bullish Backing
WTI oil futures’ latest upside push is confronting the upper Bollinger band around 65.38, although current positive impetus appears somewhat frail. Not too far back the commodity formed a support base around 57.25-58.14 after retreating from the 28½-month peak of...
USD/JPY Wave 4 Pullback After Bullish Wave 3 Pattern
USD/JPY showed a strong bullish impulse above the 21 emas. Now price action is testing and bouncing at this 21 ema zone. USD/JPY has been very impulsive and very bullish since the lower high and breakout above the resistance lines...
Dollar Set For Big Monthly Losses, Stocks Struggle For Direction Again
Dollar steadier but month-long rout probably not over yet, yen firmer too S&P 500 closes at another record high but stocks slip today amid some jitters Copper soars past $10,000 a tonne, oil moderates after boost from upbeat US GDP...
GBP/USD Outlook: Thursday’s Shooting Star And Stronger Dollar Weigh On Sterling
Cable accelerated lower in early Friday, driven by fading risk appetite and a stronger dollar. Five-day rally 1.3823 (Apr 22 trough) showed signs of stall and Thursday’s action formed a shooting star candle, while today’s weakness added to signals of...
EUR/USD Outlook: Euro Eases On Weak German Data, Profit-Taking
The Euro dips below the 1.21 mark in European trading on Friday, pressured by greater than expected German economy’s contraction in Q1, and profit-taking ahead of May holidays in China and Japan, which are expected to reduce the activity and...
USD/CAD Bears Could Prevail
The US Dollar traded sideways against the Canadian Dollar on Thursday. The USD/CAD currency pair made about 35 pips or 0.28% move during Thursday’s trading session. As for the near future, the exchange rate is likely to maintain the narrow...
GBP/JPY Breakout Occurs
The British Pound has declined by 85 pips or 0.56% against the Japanese Yen since yesterday’s trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Friday. Given that a breakout...
Signal2forex.com - Best Forex robots and signals




