Guest post by forexfool56 of TheForexForum.net With the currency exchange market open, 24 hours a day and 5 days a week, it can be nerve racking to try to keep track of every possible good trade. This is even more true if you are in a time zone that is usually sleeping during the bulk … “Low Pressure, Lower Volatility Forex Trading”
Month: July 2016
ECB to ease in September – 2 thoughts – will
Draghi tried not to rock the boat in the July meeting, but the door is certainly open for more easing. Will it send the euro lower? Here are opinions from SEB and Danske: Here is their view, courtesy of eFXnews: ECB To Extend QE Program After The Summer Break – SEB In line with our … “ECB to ease in September – 2 thoughts – will”
![UK PMIs Preview: How bad is Brexit? [Video]](https://investinearth.org/wp-content/uploads/2016/07/Fotolia_52791991_S-351x185.jpg)
UK PMIs Preview: How bad is Brexit? [Video]
Has Brexit already hit the UK economy? Should we brace ourselves for fresh trouble? So far, we had anecdotal evidence and tons of speculation but no key data. This changes now with a special release of preliminary PMIs from Markit. The publication of two forward looking indices at once, earlier than scheduled, has garnered a … “UK PMIs Preview: How bad is Brexit? [Video]”
Euro Trade Mixed on the Forex Market
Euro is mixed against its major counterparts today as Forex traders look ahead to coming weeks and try to determine what might be next. Concerns about potential stimulus in September, as well as the recent focus on buying corporate bonds, have some wondering whether there is more weakness ahead for the 19-nation currency. Recently, the ECB announced that it is buying corporate bonds, and there have been negative … “Euro Trade Mixed on the Forex Market”
![ECB Preview: Will Draghi pre-announce September stimulus? [Video]](https://investinearth.org/wp-content/uploads/2016/07/Fotolia_52150087_S-351x185.jpg)
ECB Preview: Will Draghi pre-announce September stimulus? [Video]
The European Central Bank is under pressure: the impact of Brexit on the euro-zone economies, the lack of improvement on inflation, the crisis in banks in his home country and the scarcity of bonds up for buying are all headaches for the Frankfurt based institute. No change in policy is expected, with investors’ eyes already … “ECB Preview: Will Draghi pre-announce September stimulus? [Video]”
ECB to send EUR up or down? Two more opinions
EUR/USD is basically stuck in a range since the Brexit shock. Mario Draghi can send it to a new direction, After our own ECB video preview and 3 additional forecasts, here are the two more: Here is their view, courtesy of eFXnews: EUR Risks Into The ECB – UBS No additional stimulus; focus on UK referendum, … “ECB to send EUR up or down? Two more opinions”
GBP/USD: Trading the UK Retail July 2016
UK Retail Sales is considered one of the most important economic indicators. A reading that is higher than the market forecast is bullish for the British pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background Retail Sales is the primary gauge of consumer spending, a critical component of economic growth. An … “GBP/USD: Trading the UK Retail July 2016”
ECB Meeting: 3 Previews
Mario Draghi and his colleagues are back with a rate decision, the first one after Brexit and amid crises in Italian banks. Here are previews from Citi, RBS and Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: EUR/USD: Scenarios & Trades Into The ECB – Citi What can we expect from the … “ECB Meeting: 3 Previews”
Dollar strengthening should weaken the EUR over short to
EURUSD Daily chart In the above EURUSD daily chart, the pair was moving higher in the upward sloping channel since December 2015. It has breached the channel and Diamond pattern (marked by red color line) on downside after Britain decided to leave EU. As per wave perspective, the pair has completed minor wave Z of … “Dollar strengthening should weaken the EUR over short to”
The Pound is still under pressure
After the Brexit vote the pound dropped 1,700 pips before seeing some relief. The pound has been since under enormous bearish pressure making a post Brexit low at 1.2794. After the election of a new Prime Minister the pound rallied 630 pips to 1.3480; this level is crucial in our post Brexit analysis because the … “The Pound is still under pressure”