Sylvester Stephen Articles

        Morning Market Updates – Greenback Dominates the Market
        3 days ago

        Morning Market Updates – Greenback Dominates the Market

        Japan’s Nikkei Manufacturing PMI for June was registered at 52.0 versus the expected value of 53.4 and a previous value of 53.1. The People’s Bank of China (PBOC) set the Yuan reference rate at 6.8238 versus yesterday’s fix of 6.8197. Moving on for the day, we have the Markit France Manufacturing PMI which has a … Continue reading Morning Market Updates – Greenback Dominates the Market

        Morning Market Updates – Dollar Looks Positive
        4 days ago

        Morning Market Updates – Dollar Looks Positive

        Asian Markets The Reserve Bank of New Zealand (RBNZ) kept the cash rates unchanged at 1.75% in its monetary policy meeting. The policy revealed that the core inflation and long-term bond yields remained considerably low. However, the economic growth remained positive overall. Foreign investment in Japanese stocks dropped down from a previous value of ¥-143.1B … Continue reading Morning Market Updates – Dollar Looks Positive

        Bank of Japan
        5 days ago

        Morning Market Update – BoJ’s Dovish Outlook

        Dallas Fed President Robert Kaplan doubted the recent inflation numbers and said that he will wait and see whether these readings will stick around permanently or not. He also stated that he would patiently wait for the inflation rates to improve before the Fed formulates further rate hikes for this year. The United States API … Continue reading Morning Market Update – BoJ’s Dovish Outlook

        Morning Market Update –AUD eases up
        6 days ago

        Morning Market Update – AUD eases up

        The minutes from the June Reserve Bank of Australia (RBA) meeting revealed that the interest rates will be kept unchanged at 1.5%. The board suggested that the developments in the labor and housing markets should be watched carefully. Australia House Price Index (QoQ) met the forecasted value of 2.2% in the first quarter and Australia … Continue reading Morning Market Update – AUD eases up

        EuroDollar
        7 days ago

        Weekly Technical Outlook: EUR/USD ; Market Forecasts for June 19th – June 23rd

        Resistance level 1.1282 Pivot Level 1.216 Support Level 1.1071, 1.1013, and 1.0981 Technical Analysis The EUR/USD pair attempted to breach 1.1282 levels, keeping the upward trend on the daily close below it until now. This keeps the correctional bearish trend scenario valid until now and waits to resume the bearish wave that targets 1.1071 followed … Continue reading Weekly Technical Outlook: EUR/USD ; Market Forecasts for June 19th – June 23rd

        Morning Market Update –Japanese Yen in Trouble
        7 days ago

        Morning Market Update – Japanese Yen in Trouble

        We begin the week with South Korea’s Producer Price Index Growth (YoY) dropping down from a previous value of 4% to 3.5%. New Zealand continues its growth with New Zealand’s Westpac consumer survey rising up to 113.4 in the second quarter from a previous value of 111.9. Yen’s data results were not in line with … Continue reading Morning Market Update – Japanese Yen in Trouble

        Morning Market Update – The Rise of the Greenback
        10 days ago

        Morning Market Update – The Rise of the Greenback

        The Net Long-Term TIC Flows released by the US Treasury went down below the forecasted value of $37.3B in April: Actual ($1.8B) and the Total Net TIC Flows came at $65.8B in April versus the previous value of $-0.7B. Business NZ PMI for New Zealand rose up to 58.5 in June from a previous value … Continue reading Morning Market Update – The Rise of the Greenback

        Greenback
        11 days ago

        Morning Market Update – Greenback looks for support

        In spite of a weakening inflation, the Fed hiked the interest rates by +25bp and set out plans for shrinking the $4.5 trillion balance sheet. New Zealand’s data releases were disappointing with the New Zealand Gross Domestic Product (QoQ) coming in at 0.5% and going below the expected value of 0.7% in the first quarter. … Continue reading Morning Market Update – Greenback looks for support

        New Zealand Dollars
        12 days ago

        Morning Market Update – NZD gives us a mixed picture

        United States API Weekly Crude Oil Stock went up from a previous value of -4.62M to 2.75M. A mixed reaction was seen for the Kiwi with New Zealand Current Account (QoQ) coming in at $0.24B and going below the expected values of $0.922B in the first quarter. New Zealand Food Price Index (MoM) went up … Continue reading Morning Market Update – NZD gives us a mixed picture

        British Pound
        13 days ago

        Morning Market Update – Pound might Resume

        Japanese BSI Large Manufacturing (QoQ) went down below the forecasted values (1.5) in the second quarter: Actual (-2.9). The National Australia Bank’s Business Confidence dropped down from a previous value of 13 to 7 this month. The People’s Bank of China (PBOC) set the Yuan reference at 6.7954 versus yesterday’s fix of 6.7948. Moving on … Continue reading Morning Market Update – Pound might Resume

        EUR/USD
        14 days ago

        Weekly Technical Outlook: EUR/USD ; Market Forecasts for June 12th – June 16th

        Resistance level 1.1282 Pivot Level 1.1194 Support Level 1.1106, 1.1035, and 1.0970 Technical Analysis The EUR/USD pair attempted to breach 1.1282 levels and kept the stability of the daily close below it until the end of the week. This keeps the correctional bearish trend scenario valid until now and waits to resume the bearish wave … Continue reading Weekly Technical Outlook: EUR/USD ; Market Forecasts for June 12th – June 16th

        USD/JPY
        14 days ago

        Morning Market Update – Japanese Yen in Trouble

        New Zealand got some good results with the Electronic Card Retail Sales (YoY) rising up to 5.2% in May from a previous value of 4.5% earlier in the day. Yen had a bad start for the week with the Japan Domestic Corporate Goods Price Index (MoM) coming in at 0% and going below expectations (0.1%) … Continue reading Morning Market Update – Japanese Yen in Trouble

        Morning Market Update –Pound continues to fall
        17 days ago

        Morning Market Update – Pound continues to fall

        Japan Money Supply M2+CD (YoY) was registered at 3.9% and went down below the forecasted values (4.3%) in May. The Australian dollar saw a decline with the Australia Investment Lending for Homes dropping down from a previous a value of 0.8% to -2.3% in April. Australia’s Home Loans was registered at -1.9% and went down … Continue reading Morning Market Update – Pound continues to fall

        USD/JPY
        18 days ago

        Morning Market Update –Yen remains unperturbed

        So Far The United States Consumer Credit Change was registered at $8.2B and went down below the forecasted values ($15.5B) in April. The United Kingdom RICS Housing Price Balance came in at 17% and went down below the expected values (20%) in May. Though the Japanese Yen saw some results which were below expectations, overall, … Continue reading Morning Market Update –Yen remains unperturbed

        USD/CAD
        19 days ago

        Morning Market Update – Positive Trend for CAD

        Greenback showed some positive signs with the United States API Weekly Crude Oil Stock rising up from a previous value of -8.67M to -4.62M. Foreign Exchange Reserves in Japan increased to $1251.87B this month from a previous value of $1242.3B. The Australian dollar showed some good results with the Australian Gross Domestic Product (QoQ) coming … Continue reading Morning Market Update – Positive Trend for CAD

        Australian Dollar
        20 days ago

        Morning Market Update – Australian dollar in trouble

        United Kingdom British Retail Consortium (BRC) like-for-like retail sales (YoY) were registered at -0.4% and went above the forecasted values (-0.5%). With the upcoming UK elections on June 8th, we expect the pound to be swaying in the markets. In addition, London faced three terrorist attacks in the recent months and the public might not … Continue reading Morning Market Update – Australian dollar in trouble

        GBP
        21 days ago

        Weekly Technical Outlook: GPB/USD ; Market Forecasts for June 5th – June 10th

        Resistance level 1.2906 Pivot Level 1.2846 Support Level 1.2661, 1.2557 and 1.2488 Technical Analysis Daily bias in GBP/USD remains bearish with 1.2906 resistances intact and deeper decline is still expected as long as the resistances hold the area. The price action stays below resistances so far at this point and closes in the coming week … Continue reading Weekly Technical Outlook: GPB/USD ; Market Forecasts for June 5th – June 10th

        US Dollar
        21 days ago

        Morning Market Update – Continuing Bullish Trend for Greenback

        South Korea’s Current Account Balance came in at 6.8B (April) versus the previous value of 5.07B. The Australian dollar showed a mixed reaction in the markets today. The Australian AiG Performance of Services Index dropped down from a previous value of 53 to 51.5 in April. Australia TD Securities Inflation (YoY) went up to 2.8% … Continue reading Morning Market Update – Continuing Bullish Trend for Greenback

        Morning Market Update –Euro is gaining Momentum
        24 days ago

        Morning Market Update –Euro is gaining Momentum

        Total Vehicle Sales in the United States went down below the forecasted values (16.9M): Actual came in at (16.66M). South Korea saw some better results with the Gross Domestic Product Growth Rate (YoY) rising up from a previous 2.7% to 2.9% in the first quarter and the Gross Domestic Product Growth Rate (QoQ) coming in … Continue reading Morning Market Update –Euro is gaining Momentum

        USD
        25 days ago

        Morning Market Update – Greenback in Trouble Again

        So Far United States API Weekly Crude Oil Stock was seen at -8.67M versus the previous value of -1.5M and Brazil’s Interest Rate Decisions met the expected values of 10.25%. Some good results came in for the Kiwi with New Zealand’s Terms of Trade Index coming in at 5.1% and rising above the expectations (3.9%) … Continue reading Morning Market Update – Greenback in Trouble Again

        TOP PROMOTIONS BY
        Top Promotions

        TOP BROKERS BY
        Reviews

        FX Empire - the company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
        FX Empire may receive compensation from the companies featured on the network.

        All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.