EUR/GBP Technical Analysis: July 31, 2017
The Euro against the British pound surged during the Friday session although there some resistance found close to the 0.8960 level. The market had a roll over for the few hours but was limited by the resistance level. There is much support found below...
USD/CAD Fundamental Analysis: July 31, 2017
The USD/CAD was able to obtain the highly-needed bounce on Thursday, which was previously mentioned since the week started. It is followed by the decline of the pair in the past few weeks because of the strong level in which the pair sits together...
July 28, 2017
Japan Household Spending Grew 2.3% in June
Japan’s household expenditure in the previous month accelerated most in 2015 since the available jobs heightened to its fresh 43-year highs. This shows that as the labour market tightens, it helps push wages and consumer spending up in a...
Positive Outlook for Major Central Banks in 2018
The U.S. Federal Reserve reduced its bond holdings for the year and began to narrow down its 2.3 trillion euro bond-buying stimulus next year amid a better economic situation. This could lead to an oversupply in sovereign debt issuance in major...
GBP/USD Technical Analysis: July 27, 2017
The British pound against the U.S. dollar moved sideways in the beginning of the Wednesday session. There is sufficient support found at the 1.30 level which pushes the trend to the upside. Later on, it is possible for the market to break the current...
EUR/USD Technical Analysis: July 27, 2017
The U.S moved a little bit higher as US stock hits the renewed all-time highs. The yields of ECB eased following the rise on Tuesday amid huge gains from the European markets.
According to Fed, the changes on the normalization policy is expected to be...
EUR/USD Fundamental Analysis: July 26, 2017
The Euro against the U.S. dollar had a correction yesterday and the greenback recovered as the end of the day approaches. Although the dollar was at a disadvantage in the early part of the day, it supported the pair to move directed to 1.1712 which...
GBP/USD Fundamental Analysis: July 26, 2017
The price trend of the GBP/USD pair appeared to follow the path of the euro-dollar pair throughout the trading day, which is already expected because of fewer economic data in many countries since it was the last week of July.
It is important to note...
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Technological Advancement Impact to Monetary Policies
Development in the Information Technology sector and rising adaptability of the labor market in the past years has unsurprisingly curb inflation which could significantly affect monetary policy according to the ECB Executive board member Yves...
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ForexMart was recognized as the best young company of 2016 year in the field of financial markets activity according to the business publication Global Business Outlook, having won a new award in the nomination "Best Forex Newcomer 2016".
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USD/JPY Technical Analysis: July 24, 2017
The U.S. dollar against the Japanese yen descended during the Friday session as it gaps lower than the 111.50 level. Hence, the market declined directed to the 111 region which is a significant psychological level for this pair. Yet, the main support...
EUR/USD Fundamental Analysis: July 24, 2017
Draghi sounded dovish during the latest press conference and he was aware of the rally of the euro since the economic data favor the currency. Although the Draghi is trying to bring the price down as expressed in his speech, the market has reacted...
GBP/USD Fundamental Analysis: July 24, 2017
The market had a difficulty trading the British pound against the U.S. dollar pair for the past week. After the release of the weaker CPI and retail sales data from the U.S. last week, the pair surged to 1.3030 region and reach beyond the 1.31 region...
July 21, 2017
RBA Maintained its Rates Amid a Global Rate Hike
One of the top central banks stated that the interest rates of the Reserve Bank of Australia will set to be kept at a record low for some time but some hawks push the currency to drop from a two-year peak. The rate hike was...