Author

Sylvester Stephen Articles

10 hours ago

Trump Announces No Tax Changes

Today’s speech from Donald Trump may not be such a big event after he proclaimed that there will not be any change in tax prices until another scheme replaces Obama care. Trump added that the budget will be focused on ensuring public safety to the citizens of America along with a surge in security spending. … Continue reading Trump Announces No Tax Changes

yesterday

Weekly Technical Outlook: GPB/USD ; Market Forecasts for February 26th – March 3rd

Resistance level 1.27297, 1.28088, 1.29142 Pivot Level 1.24834 Support Level 1.24258 Technical Analysis The GBP/USD pair closed weekend trading above 1.2425 levels and got a good support base that reinforces the expectations of continuing with the bullish bias and providing signals for the price recovery in the upcoming days. This is supported by stochastic positivism … Continue reading Weekly Technical Outlook: GPB/USD ; Market Forecasts for February 26th – March 3rd

Euro Data Kick-Start the Week
yesterday

Euro Data Kick-Start the Week

We begin this week with Euro’s Services Sentiment, Industrial Confidence and Consumer Confidence data. The data should not be a hindrance for Euro’s growth as it may struggle with the politics of Italy which will bring in more trouble for the nation. This would make it difficult for the European banks to receive funds. Italy’s … Continue reading Euro Data Kick-Start the Week

Week Ends with Baker Hughes Data
4 days ago

Week Ends with Baker Hughes Data

The U.S. Initial Jobless Claims rose to 244K versus the forecasted rate at 242K. The FOMC member Kaplan commented that the U.S economy is growing at a rate of 2% this year and the central bank should formulate further policies accordingly. Treasury Secretary Mnuchin feels that Trump’s economic policies do not seem to be very … Continue reading Week Ends with Baker Hughes Data

US Dollar Shows a Near-Term Weakness
5 days ago

US Dollar Shows a Near-Term Weakness

The Canadian headline retail sales dropped by 0.5% in December versus the projected value at 0.1% and the Canadian core retail sales down dropped by 0.3% in December versus the projected value at 0.8%. The U.S. Home Sales moved upwards from 5.51M to 5.69M versus the forecasted value at 5.55M. The Federal Open Market Committee’s … Continue reading US Dollar Shows a Near-Term Weakness

6 days ago

RBA Hints at GDP Growth Rate with Increase in Inflation

The U.S Feb flash services PMI dropped from 55.6 to 53.9 versus the previous value of 55.8, the U.S. Feb flash PMI dropped from 55.0 to 54.3 versus the previous value of 54.7 and the New Zealand GDT auction dropped by 3.2%. With the manufacturing service output producing weaker results than forecasted, the US PMI … Continue reading RBA Hints at GDP Growth Rate with Increase in Inflation

Yen Looks to Fall, Euro Stays Unaffected
7 days ago

Yen Looks to Fall, Euro Stays Unaffected

The Canadian Wholesale prices are up by 0.7% versus the expected forecast of 0.4%. Also, the Euro zone consumer confidence index fell from -5 to -6. The Reserve Bank of Australia’s monetary policy meeting stated that there was no change in interest rates and they continued to remain at 1.5%. The bank members promised a … Continue reading Yen Looks to Fall, Euro Stays Unaffected

8 days ago

Weekly Technical Outlook: USD/JPY; Market Forecasts for February 20th – February 24th

Resistance level 114.896 Pivot Level 112.596 Support Level 111.734, 109.905, and 108.538 Technical Analysis Daily bias in USD/JPY remains bearish with 114.896 resistances intact and deeper decline is still expected for the pair as long as resistances holds the area. The price action stays below resistances so far at end of the week and such … Continue reading Weekly Technical Outlook: USD/JPY; Market Forecasts for February 20th – February 24th

EUR Hopes to Gain Momentum
8 days ago

EUR Hopes to Gain Momentum

With the Japanese Yen data values releasing this week, there is an increase in the Japanese trade deficit to JPY 1,086.9 billion in January. The export of goods and services came at the rate of 1.3% versus the expected rate at 4.7%. The import of goods and services came at the rate of 8.5% versus … Continue reading EUR Hopes to Gain Momentum

15 days ago

Weekly Technical Outlook: USD/JPY ; Market Forecasts for February 13th – February 17th

Resistance level 114.551, 115.969, 117.027 Pivot Level 112.596 Support Level 111.879 Technical Analysis The USD/JPY pair closed weekend trading above 111.879 levels to get a good support base that reinforces the expectations of continuing the bullish bias. As seen on the chart price, one can expect the same this time as well. Signals are provided … Continue reading Weekly Technical Outlook: USD/JPY ; Market Forecasts for February 13th – February 17th

21 days ago

NZD Moves Higher on Inflation Data

We had two important news events during the course of this morning which helped to bring in some action to the markets which had been dull and pretty much directionless over the last 24 hours. The first piece of data was the NZ Inflation Expectations which came in higher than that of the last quarter and … Continue reading NZD Moves Higher on Inflation Data

22 days ago

Weekly Technical Outlook: GBP/USD; Market Forecasts for February 5th – February 10th

Resistance level 1.26795 Pivot Level 1.25908 Support Level 1.22388, 1.2185 and 1.2039 Technical Analysis Daily bias in GBP/USD remains bearish with 1.26795 resistances intact. Deeper decline is still expected for GBP/USD pair as long as resistance holds the area. The price action stays below resistances so far at this point closing below the levels. Such … Continue reading Weekly Technical Outlook: GBP/USD; Market Forecasts for February 5th – February 10th

22 days ago

Slow Start to the Morning

Its been a slow start to the day as there has not been much movement in any of the pairs so far. It was a holiday in New Zealand and maybe even those few traders who were awake were probably watching the Super Bowl but we expect the rest of the week to be volatile … Continue reading Slow Start to the Morning

Markets Consolidate Ahead of Employment Report
25 days ago

Markets Consolidate Ahead of Employment Report

It is going to be an important day today in the markets, a day that might determine the short term trend for the US dollar. The dollar has been on the backfoot over the past couple of weeks due to comments from Trump and his team who have basically challenged the major economies of the … Continue reading Markets Consolidate Ahead of Employment Report

26 days ago

Dollar Weakness Continues as FOMC Disappoints

We had an interesting day yesterday as the first half of the day was more about consolidation and ranging and the real action began only during the latter half of the day. The latter half saw the release ADP Unemployment data from the US which was better than expectations and this raised hopes for the … Continue reading Dollar Weakness Continues as FOMC Disappoints

Trump Administration Keeps the Markets Jittery
27 days ago

Trump Administration Keeps the Markets Jittery

Mayhem was witnessed in the markets towards the US session as ‘loose talk’ Trump and his team continued with their spite and antics. The currency markets were most affected due to this as this time, FX and currencies were their targets. Trump and his team made statements that said that Germany, Japan and China were … Continue reading Trump Administration Keeps the Markets Jittery

Currencies Consolidate As Market is Confused
28 days ago

Currencies Consolidate As Market is Confused

The currencies and markets have been consolidating over the past 24 hours as they are yet to make up their mind over Trump and his team. The new administration in the US has gone about its business and begun to fulfil some of their campaign promises. One of those promises related to tighter immigration laws … Continue reading Currencies Consolidate As Market is Confused

29 days ago

Weekly Technical Outlook: USD/JPY; Market Forecasts for January 30th – February 3rd

Resistance level 117.024, 117.961, 118.155 Pivot Level 113.786 Support Level 112.932 Technical Analysis The USD/JPY pair closed weekend trading above 112.932 levels, to get a good support base that reinforces the expectations of continuing the bullish bias thereby providing signals for the price recovery in the upcoming days. This is supported by stochastic positivism and … Continue reading Weekly Technical Outlook: USD/JPY; Market Forecasts for January 30th – February 3rd

Dollar Weakens as Trump Effect Sours
last month

Dollar Weakens as Trump Effect Sours

The dollar weakened across the board on late Friday and today morning as well as more and more of Trump’s policies are revealed and the markets and the people in general, including many in America, do not like it. The latest policy change was to restrict the immigration of a lot of people from a … Continue reading Dollar Weakens as Trump Effect Sours

USD Strength Returns
last month

USD Strength Returns

Just yesterday, we had been lamenting the lack of strength in the USD but had warned that it is going to be only a matter of time before the dollar strength returns as the Trump administration begins to settle in. This is what we have been seeing over the past 24 hours as the dollar … Continue reading USD Strength Returns

Load More

TOP PROMOTIONS

TOP BROKERS

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.