Nothing important for today..     EURUSD Update: We remain the same. As could be seen on the chart above that the pair is traded within a bearish channel. The pair is traded now above the downside of the channel which means that the pair might go up as long as it is traded above theRead more about 09 May 2019[…]

07 May 2019 powered by Land-FX Australian rate decision: Tuesday, 4:30. The Reserve Bank of Australia has not changed its interest rates since August 2016, but this time may be different. The Canberra-based institution may finally oversee a cut from 1.50% to 1.25% after Q1 inflation came out flat. In addition, the global economy is slowingRead more about 07 May 2019[…]

Japan rate decision: Thursday, early in the day. The Bank of Japan remains the most dovish central bank in the developed world despite a dovish tilt from quite a few central banks. The BOJ is due to leave the interest rate at -0.10% and pledge to hold down the long-term interest rate, by targeting aRead more about 25 April 2019[…]

German Ifo Business Climate: Wednesday, 8:00. After ZEW’s survey of businesses rose back up to positive territory, the real test comes from Germany’s No. 1 Think Tank. Has the old continent’s largest economy bottomed out? A score of 99.6 points was seen in March. The data for April is due now. A level of 99.9Read more about 24 April 2019[…]

Nothing important for today.     EURUSD Update: The candle of yesterday was very bearish and the pair is traded again above the support level of 1.1175.As could be seen on the chart above that the pair is traded above a strong support level that is 1.1175. Therefore, we are bullish as long as theRead more about 19 April 2019[…]

Nothing important for today.     EURUSD As could be seen on the chart above that the pair is traded above a strong support level that is 1.1175. Therefore, we are bullish as long as the pair is traded above this level. Our first target is 1.14   Resistance levels: Support levels: Recommended: ▪ 1.21 ▪ 1.1850Read more about 16 April 2019[…]

US Consumer Sentiment: Friday, 14:00. The University of Michigan’s Consumer Sentiment gauge stabilized at 98.4 points in March, after a drop earlier in the year. The measure is considered a leading indicator of consumption. The preliminary read for April is projected to show a similar level of 98.1 points.     USD US Consumer SentimentRead more about 12 April 2019[…]

UK GDP: Wednesday, 8:30. The UK shifted to publishing GDP growth data on a monthly basis. Despite Brexit, the economy kicked off the year by growing by 0.5% m/m, a robust rate. A more modest rise of 0.2% is on the cards for February. The components of growth are also of interest: Manufacturing output, whichRead more about 10 April 2019[…]

Nothing important for today.     EURUSD The daily chart shows that the pair is traded above a strong support level that is 1.1175 so we are bullish as long as the pair is traded above it. Our first target is 1.1350.   Resistance levels: Support levels: Recommended: ▪ 1.21 ▪ 1.1850 ▪ 1.18 ▪ – ▪ 1.1217 ▪ 1.1150 WeRead more about 09 April 2019[…]

ECB Meeting Minutes: Thursday, 11:30. The European Central Bank went further and faster than expected in its March meeting, pushing back on raising rates to 2020 at least and announcing new funding for banks. The meeting minutes will reveal how bad the situation is in the eyes of the Frankfurt-based institution.     EUR ECBRead more about 04 April 2019[…]