Author

        Sylvester Stephen Articles

        Morning Market Update – Worry for the Pound
        2 days ago

        Mid Day Market Update – Worry for the Pound

        Asian Markets New Zealand’s Trade Balance (YoY) rose from a previous $-3.79B to $-3.67B in March, with Exports: $4.65B (March) versus $4.01B and Trade Balance (MoM): $332M (March) versus $-18M. New Zealand’s Imports climbed up from a previous $4.02B to $4.31B in March. New Zealand’s Building Permits s.a. (MoM) dropped down to -1.8% in March … Continue reading Mid Day Market Update – Worry for the Pound

        Morning Market Update – Dollar Gives Mixed Responses
        3 days ago

        Morning Market Update – Dollar Gives Mixed Responses

        Asian Markets Japan’s foreign bond investment dropped down to ¥-1283.8B last week from a previous ¥-796.2B. Japan’s foreign investment in Japan stocks: ¥258.4B (April 21) versus the previous rate of ¥315.2B. Japan’s life insurance companies have decided to purchase foreign bonds at a slower rate. The reason behind the slow purchases is that the Federal … Continue reading Morning Market Update – Dollar Gives Mixed Responses

        4 days ago

        Morning Market Update – Swiss Doing Better

        Asian Market The Australian Bureau of Statistics said on Wednesday that the consumer prices were up by 0.5 percent in the first quarter of 2017. The Reserve Bank of Australia’s trimmed mean was up by 0.5% on quarter and came in line with expectations after adding 0.4% on quarter and 1.6% in Q4. The trimmed … Continue reading Morning Market Update – Swiss Doing Better

        Morning Market Update – Worry for Greenback
        5 days ago

        Morning Market Update – Worry for Greenback

        The People’s Bank of China (PBOC) set the Yuan reference rate at 6.8833 versus yesterday’s fix of 6.8673. The PBOC Deputy Governor Yi Gang said that “We have to work on removing existing barriers for the internationalization of the renminbi so that we can make the renminbi a freely useable currency.” The PBOC is expected … Continue reading Morning Market Update – Worry for Greenback

        6 days ago

        Weekly Technical Outlook: USD/JPY; Market Forecasts for April 24th – April 28th

        Resistance level 111.085, 112.131, 112.824 Pivot Level 109.090 Support Level 108.411 Technical Analysis The USD/JPY pair closed weekend trading above 108.411 levels. Being in a down trend since March, the pair gets a good support base that reinforces the expectations of continuing the bullish bias from the downside movement which is in place for quite … Continue reading Weekly Technical Outlook: USD/JPY; Market Forecasts for April 24th – April 28th

        Morning Market Update – French Polls Cast a Positive Light
        6 days ago

        Morning Market Update – French Polls Cast a Positive Light

        So Far We start the week with the first round of French presidential elections. French election Round 1 update: Macron 23.87% versus Le Pen 21.43%. The presidential favorite Emmanuel Macron won the center ground in France on Sunday versus the right leader Marine Le Pen, ahead of elections on May 7. The first round poll … Continue reading Morning Market Update – French Polls Cast a Positive Light

        Morning Market Update – Greenback Looks Up
        9 days ago

        Morning Market Update – Greenback Looks Up

        Asian Markets The Nikkei Flash Japan’s Purchasing Managers Index (PMI) released today and showed that the economic activity increased at a fast rate due to the rising export orders. Japan’s PMI increased to 52.8 in April versus March’s reading of 52.4. The PMI report revealed that the export sector showed a sequential increase in the … Continue reading Morning Market Update – Greenback Looks Up

        10 days ago

        Morning Market Update – Greenback Looks Weak

        Asian Markets Statistics New Zealand revealed that the consumer prices rose by 2.2 percent in the first quarter of 2017 and the household utilities increased by 3.3 percent on year. The data released by the Japanese Ministry of Finance on Thursday morning showed an improvement in the exports sector and expanded continuously since then. The … Continue reading Morning Market Update – Greenback Looks Weak

        11 days ago

        Morning Market Update – Quiet Morning

        The morning has been mostly silent so far as we don’t have any major news today. The Hong Kong Press stated that the South China Morning Post mentioned unnamed sources well informed about the People’s Bank of China (PBOC) policy changes. The PBOC set the Yuan reference rate at 6.8664 versus yesterday’s fix of 6.8849. … Continue reading Morning Market Update – Quiet Morning

        12 days ago

        Morning Market Update – Greenback in Trouble

        So Far The US dollar seems to be in trouble for the day as the United States Total Net TIC Flows dropped down from a previous score of $110.4B to $19.3B in February. However, the United States Net Long-Term TIC Flows rose to $53.4B in February from a previous score of $6.3B. Fed’s Vice Chairman … Continue reading Morning Market Update – Greenback in Trouble

        Weekly Technical Outlook: GPB/USD
        13 days ago

        Weekly Technical Outlook: GPB/USD; Market Forecasts for April 16th – April 21st

        Resistance level 1.2626, 1.26811, 1.2729 Pivot Level 1.2461 Support Level 1.2366 Technical Analysis The GBPUSD pair closed weekend trading above 1.2366 levels to get a good support base that reinforces the expectations of continuing the bullish bias. This provides signals for the price recovery in the upcoming days with price action finding some support around … Continue reading Weekly Technical Outlook: GPB/USD; Market Forecasts for April 16th – April 21st

        Morning Market Update – Market Remains Calm
        13 days ago

        Morning Market Update – Market Remains Calm

        Asian Markets China’s National Bureau of Statistics data released today and showed that the world’s second largest economy expanded by 6.9% in the first quarter of 2017. China’s Q1 2017 GDP q/y grew by 6.9% above the 6.8% rise as forecasted by the markets. On an annualized basis, China’s GDP came at 19% when compared … Continue reading Morning Market Update – Market Remains Calm

        18 days ago

        Morning Market Update – Canadian Data Comes with Mixed Results

        Asian Markets The Ministry of Trade and Industry said that Singapore’s gross domestic product was up by 2.5% in the first quarter of 2017. The seasonally adjusted annualized rate for GDP sank by 1.9%. Australia’s consumer inflation expectations went up in April and the Melbourne Institute’s consumer inflation expectations came at 4.1%. The Reserve Bank … Continue reading Morning Market Update – Canadian Data Comes with Mixed Results

        18 days ago

        Morning Market Update – Chinese Data Shows Weaker Signals

        So Far The recent survey from Westpac Bank revealed that Australia’s Consumer confidence slipped down in April and reduced by 0.7% from a score of 99.0%. The bank said that the consumer confidence reading showed an ease in consumer spending, keeping the consumption trends positive. China’s Producer Price Index (PPI) data backed-off from the highest … Continue reading Morning Market Update – Chinese Data Shows Weaker Signals

        19 days ago

        Morning Market Update – Pound on Decline

        So Far Federal Reserve Chairwoman Janet Yellen warned that there may be some threats to the central bank’s independence because of the two bills from the Congress. She also remarked on the importance of the Federal Reserve’s independence from political pressure. Yellen also said that the labor market is at a normal state now. Statistics … Continue reading Morning Market Update – Pound on Decline

        20 days ago

        Weekly Technical Outlook: GPB/USD ; Market Forecasts for April 10th – April 14th

        Resistance level 1.2509 Pivot Level 1.2506 Support Level 1.22388, 1.2166 and 1.2039 Technical Analysis Daily bias in GBP/USD remains bearish with 1.2509 resistances intact. Deeper decline is still expected for the pair as long as resistances holds the area. The price action stays below resistances so far at this point and closes below these levels. … Continue reading Weekly Technical Outlook: GPB/USD ; Market Forecasts for April 10th – April 14th

        21 days ago

        Morning Market Update – Home Lending Decline Hurts AUD

        Asian Markets We start the week with the home loans released by the Australian Bureau of Statistics which shows a negative growth of 0.5% when compared with the previous data which was seen at 0.4%. The investment lending for homes released by the Australian Bureau of Statistics also showed weak signs and closed at a … Continue reading Morning Market Update – Home Lending Decline Hurts AUD

        Morning Market Update – Greenback Looks to Go Down
        23 days ago

        Morning Market Update – Greenback Looks to Go Down

        Asian Markets The US President Donald Trump met for dinner with China’s President Xi on Thursday and said “I can see that long-term, we are going to have a very, very great relationship and I look very much forward to it.” News feeds confirmed that the United States has launched missile strikes in Syria which … Continue reading Morning Market Update – Greenback Looks to Go Down

        27 days ago

        Weekly Technical Outlook: GPB/USD ; Market Forecasts for April 3rd – April 7th

        Resistance level 1.2605, 1.2667, 1.2787 Pivot Level 1.2476 Support Level 1.2361 Technical Analysis The GBP/USD pair closed weekend trading above 1.2361 levels to get a good support base that reinforces the expectations of continuing the bullish bias. This provides signals for the price recovery in the upcoming days and is supported by stochastic positivism that … Continue reading Weekly Technical Outlook: GPB/USD ; Market Forecasts for April 3rd – April 7th

        28 days ago

        Morning Market Update – Pound Shows Positive Signs

        Asian Markets The recent survey from the Australian Industry Group revealed that the manufacturing sector continued to increase in March with a PMI of 57.5. The monthly Melbourne institute inflation gauge, which shows the changes in the prices of goods and services in Australia, edged higher to 0.1% month-on-month from the previous figure of -0.3%. … Continue reading Morning Market Update – Pound Shows Positive Signs

        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.