Economic data from Germany impressed this morning. Support for the EUR could unravel, however, if economic data from the U.S surprises… Following German business and consumer sentiment figures this week, German unemployment was in focus this morning. Unemployment In July, unemployment slid by 91k, following…
GBP/USD managed to settle above the resistance level at 1.3920. British Pound Is Moving Higher Against U.S. Dollar GBP/USD is moving towards the resistance level at 1.3950 while the U.S. dollar is losing ground against a broad basket of currencies. The U.S. Dollar Index is…
Despite the dollar’s gains for about a month, it lost some traction ahead of the Fed meeting on Wednesday. Chairman Powell’s comments about rate increases being “a ways off” exacerbated the declines During Thursday morning’s Asian session, safe-haven currency was down, continuing to hover around…
LONDON (Reuters) – British power generator Drax announced on Thursday a 10% increase to its interim dividend as profits rose and the financial impact of COVID-19 on the business softened. Drax reported operating profits from continuing operations of 87 million pounds ($121 million), up from…
The direction of the September E-mini Dow on Thursday is likely to be determined by trader reaction to the pivot at 34862. September E-mini Dow Jones Industrial Average futures are inching higher in a slow overnight session early Thursday after the U.S. Federal Reserve concluded…
The direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to 1.1797.The Euro is trading lower on Wednesday against the U.S. Dollar, but the early inside move suggests investor indecision and impending volatility with investors refraining from placing major bets…
Ripple is setting up its first ODL in Japan to ease remittance between the country and the Philippines and expand its presence in Asia. Blockchain technology firm Ripple is expanding its services in Asia despite its ongoing legal battle in the United States with regulators.…
Economic data from Germany disappoints, as consumer confidence stagnates to put the EUR under pressure ahead of the FED policy decision… Following German business sentiment figures on Monday, German consumer confidence was in focus this morning. Consumer Sentiment For August, the GfK Consumer Confidence Index…
The GBP/USD is in the process of a V-Shaped reversal trade. I am looking to continue holding the trade as already covered in previous articles.The 1-2-3 pattern is making a rejection at the lows. We should see a move to the upside as price is…
The long awaited FOMC meeting has started and it will finish this evening, with the release of the minutes of the summit. Some more clarity about the timing for the start of the tapering process will probably come only with the next meeting, in late…
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