Forex Daily Outlook – March 1, 2019

Colin First


The Euro initially tried to rally during Thursday’s session, but due to lack of momentum, it pulled back. The market is in the middle of massive consolidation, and its difficult to make any new position. In case of a breakdown, the pair has multiple support points underneath, which will attract buyers. The market is expected to continue trade choppy with a back and forth momentum. …Read More


The British Pound initially rallied during yesterday’s session, but 1.33 level above offered significant resistance and it pulled back slightly. The pair has been extremely bullish in the last few sessions and yesterday’s pullback was as per expectation. The 1.32 level underneath should offer strong support and it extends down to the 1.30 level which is essentially the floor of the market. …Read More


The AUD fell during yesterday’s session, breaking below the 0.71 level, which is obviously a negative development. The 0.7050 level underneath is strong support and if it breaches, then it would be a problem for the pair. With strength back into the USD, the pair is likely to trade negative and rallies will continue to be a nice selling opportunity. …Read More


The USD has been extremely bullish during yesterday’s session, as it broke above the 111 level and reached towards the 112 level. By doing this, it has made a fresh 2019 high which was earlier at the 111.40 level. The bullish pressure in the pair came after upbeat economic data and GDP growth in the US, beating many analyst forecasts. The pair is expected to gain momentum and if it breaks above 112.50 level, then it would change the course of the market. …Read More


Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers

The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.