Recent content by Luis ForexMart

Sluggish Growth Prediction for Developed Countries A U.S. central banker forewarned that advanced economies and financial institutions in the United States will face a slower economic growth for long-term unless fiscal officials do something to counter this. Although, this comes surprisingly...

Indo-US Deepen Economic Relations US President Donald Trump and India’s Prime Minister Narendra Modi had clinched the deal in intensifying the economic partnership between the two countries, India and United States. The agreement resulted in a win-win scenario for the two economies and resolving...

ECB Helped Taper Off Inequality, Says Draghi ECB President Mario Draghi argued in a statement last Monday that the central bank’s efforts to maintain the union’s low interest rates has actually helped to taper off inequality rates within the eurozone and minimize unemployment rates. In a...

Sluggish Growth of Eurozone’s Business Sector in Q2 Business growth in the eurozone did not meet expectations as it approaches the end of the first half this year after the unexpected sluggish growth of the service enterprises, according to the survey on Friday. Nevertheless, the inflation and...

Theresa May Offered “Fair and Serious” Rights on EU Citizens Theresa May, British Prime Minister of Britain, said to the leaders of European Union that EU citizens who came legally prior Brexit happenings are authorized to stay in Britain giving them a new ‘settled status provided that they have...

US Health Bill Cuts Business Taxes, Lessens Coverage The US Senate’s health-care bill has cut billions of dollars worth of taxes from large businesses and high-net worth households in addition to repealing taxes for capital gains. These tax-related provisions in the said bill are highly...

USD/CAD Technical Analysis: June 23, 2017 A significant drop was seen during the day trading session of U.S. dollar against the Canadian dollar. The market failed attempt to gap higher than the 1.33 handle. Its current reaction to the market is rational with the loonies being highly sensitive...

EUR/GBP Technical Analysis: June 23, 2017 The Euro against the British pound moved sideways as the 0.88 handle remains supportive. The market is trying to gather enough momentum to climb higher but it won’t be a simple thing. There are several headlines that would affect this pair to move to...

AUD/USD Technical Analysis: June 23, 2017 The Australian dollar pair had a choppy trading session on Thursday as it lingers around the 0.7550 region. In general, there will be volatility in the market for short-term that makes it more difficult to put in money. If the pair breaks higher than...

USD/JPY Technical Analysis: June 22, 2017 During the Wednesday session, the USD/JPY pair dropped although it attained the 111.75 region since there is sufficient buying pressure from traders. Currently, the market is trying to bring the price down amid high volatility the being uncertainty in...

USD/CAD Technical Analysis: June 22, 2017 There is an upside bias in the USD/CAD pair for the day. It broke higher than the 1.33 level while the market moves towards the upper channel pushed by the downward pressure in the crude oil market. It seems that the crude oil market will have a...

NZD/USD Technical Analysis: June 22, 2017 High volatility resides in trading the New Zealand dollar during the Wednesday session as it declined in the beginning but rebounded later on enough to recover losses. However, it will decline again once retested. There will be choppiness in the market...

EUR/USD Technical Analysis: June 22, 2017 The EURUSD was almost steady during the trading session on Wednesday as it trades in a narrow range while prices continued to generate a topping formation. The U.S. Existing Home Sales came in stronger than anticipated results which helped the greens to...

GBP/USD Technical Analysis: June 22, 2017 The GBPUSD is trading sideways throughout Wednesday’s session, however, eyes a significant support at the 1.26 region and reports said that a word from one of the BoE members thought that the rates of interest will increase exceeding the projected...

AUD/USD Technical Analysis: June 22, 2017 The Australian currency weakens amid Wednesday’s trading, touching the level below 0.7550 eyeing a significant amount of support. A rebound from that point occurred, however, met a massive amount of resistance piercing the region 0.757. Then rolled over...