16 January 2019 powered by Land-FX Canadian rate decision: Wednesday, 15:00. The Bank of Canada raised interest rates back in October and made it a “hawkish hike”. However, the Ottawa-based institution seemed more reluctant in its December meeting, stating that the economy can continue growing without further creating a lot of inflation. FOMC Meeting Minutes: Wednesday,Read more about 16 January 2019[…]

15 January 2019 powered by Land-FX There is no economic data of note today.     EURUSD The daily timeframe shows that the pair is retesting the broken downtrend line. So, we will be waiting for some bullish evidence to show up above that level so we can go long targeting the level of 1.1550 during theRead more about 15 January 2019[…]

10 January 2019 powered by Land-FX ECB Meeting Minutes: Thursday, 12:30. The European Central Bank concluded 2018 by ending the QE program, as expected. ECB President Mario Draghi was slightly cautious in his comments about the economy, expressing concern about protectionism but maintaining the expectations for a rate hike in 2019. The minutes will provide furtherRead more about 10 January 2019[…]

09 January 2019 powered by Land-FX Canadian rate decision: Wednesday, 15:00. The Bank of Canada raised interest rates back in October and made it a “hawkish hike”. However, the Ottawa-based institution seemed more reluctant in its December meeting, stating that the economy can continue growing without further creating a lot of inflation. FOMC Meeting Minutes: Wednesday,Read more about 09 January 2019[…]

02 January 2019 powered by Land-FX Nothing important for today.     EURUSD Update: A very bearish candle has showed up which supports our scenario. The pair has reached the downtrend line shown on the chart in blue. We do not find any bearish evidence that can push the price downward. So, we will be waiting for someRead more about 02 January 2019[…]

01 January 2019 powered by Land-FX US ADP Non-Farm Payrolls: Thursday, 13:15. ADP is the largest provider payrolls publishes its jobs report for the private sector. According to the firm, the US gained 179K positions in November. The last month of the year is expected to see a very similar increase: 180K. US ISM Manufacturing PMI: Thursday,Read more about 01 January 2019[…]

28 December 2018 powered by Land-FX Nothing important for today.     EURUSD Update: The candle of today seems to be a reversal pattern so the close of today will confirm the kind of the candle + The pair just touched the downtrend line. The daily chart shows that the pair has reached the downtrend line shownRead more about 28 December 2018[…]

27 December 2018 powered by Land-FX The Australian dollar suffered one of its worst weeks of the year, slipping 1.9%, and closing just above the round number of 70. Australian markets are closed for two days next week and there are no Australian events. Traders can expect U.S indicators to have a magnified impact on the movementRead more about 27 December 2018[…]

26 December 2018 powered by Land-FX The yen surged last week, as turmoil in the equity markets was good news for the safe-haven Japanese currency. Investors were disappointed with the Federal Reserve rate statement, which was less dovish than expected. The Fed raised rates for a fourth time at the meeting and indicated that the policy ofRead more about 26 December 2018[…]

19 December 2018 powered by Land-FX UK CPI: Wednesday, 9:30. Inflation stabilized in recent months, standing at 2.4% y/y in October. The Bank of England would like to raise rates in order to curb inflation, especially as wages are on the rise as well. However, the increased uncertainty about Brexit holds them back. And now, inflationRead more about 19 December 2018[…]