Feedback

Daily Forex Outlook

Euro Skyrocketed by 260 Pips

Vote up: 1 Vote down: 0
RSS

Currencies

  • The euro (EUR) skyrocketed by 260 pips to 1.2886 before retrace back to 1.2820 yesterday against the US dollar (USD) as the monthly US Retail Sales came out to be worse than expected at -0.2% decrease, while the expectations were at 0.2% increase. The single currency had its biggest gain this year, as investors believe that it might be undervalued. Today the yearly European Final CPI will be announced and is expected to be at 0.3% increase.
  • The US dollar (USD) crashed to a five-week low at 105.19 against the Japanese yen (JPY). The greenback is under pressure after the recent bad US data, as the monthly US PPI came out to be worse than expected at -0.1% decrease, while expectations were at 0.1% increase, along with the bad Retail Sales data. Today the US Unemployment Claims, along with the monthly US Industrial Production and the Philly Fed Manufacturing Index will be announced, with expectation at 286K, 0.4% increase and 19.9 respectively.

Read more …

Ruble Plunges as Oil Prices Drop Even Further

Vote up: 0 Vote down: 0
RSS

Currencies

  • The euro (EUR) climbed from 1.2730 to 1.2630 yesterday against the US dollar (USD) The investors and analysts in Germany are pessimism about the future economy as the Germany ZEW Economy Sentiment came out to be at -3.6, while expectations were at 0.2. The European Industrial Production were also worse than expected as it drop by -1.8%, while the expectations were to drop by -1.5%. Today the President of European Central Bank Mario Draghi will speak at the European Cultural Days 2014 in Frankfurt and might reveal some hints about any additional future stimulus measurements.
  • The US dollar (USD) climbed to 12-months high at 40.9632 against the Russian Ruble (RUB) as inflation data came out to be at 1.2% increase, while the expectations were at 1.4% increase. Today the UK 3-month Average Earnings Index will be announced along with Claimant Count Change, with expectations at 0.7% and -34.2K respectively.

Read more …

Euro is Under Pressure Ahead of German Economic Sentiment

Vote up: 0 Vote down: 0
RSS

Currencies

  • The euro (EUR) climbed from 1.2629 to 1.2721 yesterday against the US dollar (USD), as the US Federal Reserve concerns about the recent dollar appreciation might hurt US exports. The German ZEW Economic Sentiment will be announced today at 9:00 GMT with expectations at 0.2.
  • The US dollar (USD) continued its bearish trend for fourth consecutive day against the Japanese yen (JPY) at 106.75 The six year high at 110.08 might come to an end as the chart passed the 20-day Bollinger Bands below 107.25, which are psychological levels.

Equities

  • US equities crashed as investors concerns on slowing global growth. The US 500 (SPI) fell below the 200-day moving average at 1919 resulting to further drop at 1873, the US 30 (DOW) went to 16283 and the US Tech (NDQ) to 3815.

Read more …

Dollar Tumbles Along with Global Equities

Vote up: 0 Vote down: 0
RSS

Currencies

  • The euro (EUR) opened higher this week’s opening while is now trading near 1.2675 against the US dollar (USD). The single currency rebounded from last week’s low at 1.25 as the Fed is considering the timing of rising the interest rates while they fear that recent dollar’s strength may hurt the US economy.
  • The US dollar (USD) moved lower and reached its monthly low at 107.05 against the Japanese yen (JPY). The Global economies looks that they are growing slower than anticipated and investors shift towards haven assets.

Equities

  • The US equities slashed as investors are moving away from risky assets. The US 500 (SPI) dropped from 1968 all the way down to 1980, the US Tech (NDQ) declined to 3824 and the US 30 (DOW) went to 16333.

Read more …

Tips to choose a broker (part three)

Tips to choosing a brokerFXStreet expert, Gonçalo Moreira, gives advice on how to choose a broker.
Check it out!

Most Popular Content

  1. EUR/USD bounces at 1.2750; short term bullish, while long term bearish
     by FXStreet Oct 20, 15:29 GMT
  2. EUR/USD flirting with 1.2800
     by FXStreet Oct 20, 17:11 GMT
  3. This Week's Top 3 FX Trading Opportunities
     by BK Asset Management Oct 20, 17:52 GMT
  1. Weekly FX Briefing with Wmd
     by Will Hunting Oct 20, 09:00 GMT
  2. The dollar trade stable on Monday
     by ZuluTrade Oct 20, 07:56 GMT
  3. GBPUSD Peeking Above 3-Month Bearish Trend – Could 1.62 or 1.63 Be Next?
     by FOREX.com Oct 20, 13:54 GMT
  1. AUD/USD rejected by 0.8800; down to 0.8780
    Mon, Oct 20 2014, 20:58 GMT
  2. Wall Street closes at highs its 3rd positive day
    Mon, Oct 20 2014, 20:23 GMT
  3. EUR/USD: Advancing above 1.2800
    Mon, Oct 20 2014, 19:13 GMT

Traders Tools

Forex Studies

Monitor the markets with our customizable FX studies.

Economic Calendar

Live economic events calendar

Latest Webinar Recordings