USDCAD Outlook: Loonie Falls on Weak Canadian Data, Strong Greenback and Oil Price Fall
The USDCAD pair rose to new five-week high at 1.3119 on Friday, on nearly 100-pip jump after disappointing data from Canada. Canadian CPI m/m fell 0.4% in Sep vs -0.1% f/c, while annualized figure was 2.2% in Sep, falling below...
Week Ahead- ECB Decision, US GDP and Davos In Desert
Markets will keep an eye on the development of Italy’s budget. China grew slower than expected. The Philly Fed index dipped from 22.9 to 22.2 vs. 19.7 forecast. Brexit negotiations have also run into new trouble. The FOMC minutes were...
EUR/JPY: Italian Concerns Continue To Weigh On Sentiment
European stock markets continued to struggle first thing this morning – despite a sharp rebound for Chinese markets overnight – as the yield differential between 10-year Bund and BTP widened further amid ongoing concerns over Italy’s budget proposals. The selling...
US 500 Index Finds Support At Trendline, Outlook Still Cautiously Positive
The US 500 index posted considerable losses in early October, falling below its 50- and 200-day simple moving averages (MA) before finding support near a long-term uptrend line drawn from the lows of February 2016, and subsequently rebounding somewhat. The...
USD/CAD Analysis: Awaits Data Releases
Upside risks dominated the US Dollar against the Canadian Dollar on Thursday. The currency pair tested the swing high at 1.3072 as predicted by the analyst during the end of yesterday’s session. Presently, the exchange rate is trading near the...
XAUUSD Analysis: Will Break Monthly R2
The gold price appreciated 0.43% since Thursday’s session. During the previous trading session, the yellow metal broke the resistances of the 55-hour and the 100-hour SMAs to stop the trade at the 1,225.36. On Friday morning, the gold was supported...
NZD/USD Analysis: Bullish Sentiment Today
The New Zealand Dollar depreciated about 53 base points against the US Dollar on Thursday. The exchange rate almost tested the 200-hour simple moving average at 0.6524 during yesterday’s session. However, today’s session begins with a bullish momentum, and by...
EUR/JPY Analysis: Tests Resistance Cluster
Downside momentum dominated the EUR/JPY currency pair on Thursday. The single European currency ended yesterday’s session with about 130 base points declined against the Yen. The exchange rate tested a resistance cluster at 128.89 during the first part of Friday’s...
AUD/USD Analysis: Ascending Channel To Prevail
The Australian Dollar has continued to trade in an ascending channel against the US Dollar. The currency pair tested the lower boundary of the channel at 0.7098 during the end of the previous session. Everything being equal, it is likely...
USDJPY Analysis: Breaks Resistances
The US Dollar depreciated 0.08% against the Japanese Yen since Thursday’s session. During the previous trading session, the currency pair passed through the SMAs resistances to stop the trade at 112.15. During Friday’s morning hours, the US Dollar was broke...
Signal2forex.com - Best Forex robots and signals




