Forex.ee: Daily economic news digest from Forex.ee

[Forex.ee Analytics]

Daily economic digest from Forex.ee​

Stay informed of the key economic events​

Friday, January 6th

After a short period of consolidation, the GBP/USD pair is giving away a part of its gains on the back of US dollar’s correction against its main competitors. Yesterday pound bulls managed to take control over the pair amid broad greenback’s weakness. Moreover, prevalent risk friendly environment triggered by strong drawdown in oil stockpiles also has fueled pair’s northern traction. However, expectedly the pair will continue to keep its bearish trend as traders are locking in some profits ahead of crucial jobs report scheduled on the NA session.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee​

Stay informed of the key economic events​

Tuesday, January 10th

Today the GBP/USD pair continues to stay pressured despite broadly weakened sentiments around the greenback. Currently the pair continues to wobble in the region of its multi-month lows near the mid-point of 1.21 consolidating its yesterday’s sharp slump backed by UK PM T.May’s comments that re-emerged “hard-Brexit” fears. Even more, growing market’s expectations of potential consequences of “hard Brexit” scenario have overshadowed latest UK’s positive economic results forcing the pair to lose more than three cents since Friday’s tops. Today the major will continue to follow broad market sentiments and US dollar’s dynamics, as only JOLT’s Job Openings will be able to bring impetus to the pair.


Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee
Stay informed of the key economic events​

Wednesday, January 11th

The pound fails its attempt to recover seen in Asia as shadow of “hard Brexit”, revived by recent comments, continues of UK PM T.May still weighing on the GBP/USD pair. Currently the major is trading around 1.2160 spot, easing its position from daily highs, located at 1.2198, despite better tone around higher-yielding assets witnessed during Tokyo session. Moreover, renewed demand for the US currency also keeps the pair in a red zone. Now immediate focus remains on significant data bloc from the UK economy, while speeches of Governor of the Bank of England M.Carney and US President-elect D.Trump will set up further direction for the pair.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee​

Stay informed of the key economic events​

Thursday, January 12th

Yesterday the GBP/USD pair managed to retake its key resistance level of 1.22 on the back of Trump’s disappointing speech and now the major is trading within striking distance of its recent maximums, posted at 1.2316. Moreover, yesterday market participants mostly ignored BoE Governor M.Carney’s neutral speech, where he noted that UK economy remains exposed to global risks and Brexit could only intensify its negative influence. Seems that post-Trump’s conference rally is not over yet so the pair will continue to track USD price changes to determine its further direction.


Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee​

Stay informed of the key economic events​

Friday, January 13th

Yesterday the GBP/USD pair fell for about 150 points, stepping back to its red zone, located near mid-point of 1.21. Seems that pound bulls have regained control over the pair, allowing it to refresh its daily tops at 1.2220, as US dollar’s corrective momentum has run out of steam. However, any pair’s positive moves remain fragile, as shadow of “hard Brexit” continues weighing on the GBP without taking into account recent positive UK economic results. Currently the pair is running in a bullish mode near the level of 1.2215, while today’s data calendar contains releases only from US economy due later during NA session.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee
Stay informed of the key economic events​

Monday, January 16th

Today the GBP/USD pair opened with a strong bearish gap of almost 200 pips, refreshing 2-month lows at 1.1998 level on the back of weekend news. Traders reacted negatively on the latest UK headlines, citing that the UK PM T.May is ready to “hard Brexit” and is not going to deviate from triggering article 50 by the end of this March. Now all eyes are set on tomorrow’s speech of the UK PM where she expectedly will bring more clarity on further Brexit developments. Currently the GBP/USD major is consolidating its strong drop near the level of 1.2050, failing in minor attempts to recover and posting its daily tops near 1.2084 spot. Today expectedly the pair will remain under strong pressure of “hard Brexit” fears limiting any immediate recovery.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee​

Stay informed of the key economic events​

Tuesday, January 17th

Wave of selling pressure on the USD against its main competitors approached the market this Tuesday, helping the EUR/USD pair to refresh its daily highs on 1.0672 spot. Moreover, seems that pair’s rally is still full of steam, despite upcoming UK Prime Minister’s speech. Meanwhile, heavy data session is scheduled for this Tuesday, with ZEW Economic Sentiments for Germany and euroland. However, any sharp movements on the pair will be limited, as market’s participants most likely will prefer to stay out of making any important trading decisions ahead of key event of this day –UK Prime Minister Theresa May’s speech.


Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee​

Stay informed of the key economic events​

Wednesday, January 18th

The GBP/USD pair has eased part of its yesterday’s huge gains and now is oscillating in 25 pips narrow range, posting its daily lows at 1.2327 spot. Yesterday the major performed massive upsurge for almost 4 figures on the back of strong and constructive talks of UK PM T.May. During her speech the policymaker insisted on keeping strong ties with EU, however, noting that “no deal is better than a bad deal”. Therefore, that T.May’s announcement has left some uncertainty on the EU’s possible response. Another eventful session is expected on this Wednesday, with UK wage growth data and US inflation reports.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee​

Stay informed of the key economic events​

Friday, January 20th

The EUR/USD pair has lost its bullish momentum and is erasing its daily gains, backed by broad dollar’s weakness. Yesterday the pair performed an abrupt drop after dovish ECB press conference, during which Chief of euroland’s CB M.Draghi admitted that upward trend of the EU inflation remains unconvincing, but noting that the outlook for further quarters looks better. However, shortly after the pair turned around and bounced off its yesterday’s lows, located at 1.0589, as Fed Chairwoman J.Yellen delivered her dovish speech, in which she admitted that the fiscal policy may affect the Fed’s outlook, however, the situation remains unclear. Currently the pair continues to dip as traders are locking in some profits ahead of another risky event of this week – D.Trump’s inauguration speech, that is scheduled on NA session.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee

 

[Forex.ee Analytics]

Daily economic digest from Forex.ee​

Stay informed of the key economic events​

Monday, January 23rd

The EUR/USD retained its Friday’s bullish momentum in Asia, as inaugural speech of the 45th president of the US failed to inspire dollar’s bulls. Last Friday D.Trump delivered his speech, which had more protectionist tone and lacked on details of further fiscal stimulus measure, while market’s participants had already priced in more positive news by that time. During his speech the US president stressed, that his policy will follow two main rules: “buy American and hire American”. Currently the main currency pair is oscillating around the mid-point of the 1.07, that is one cent higher Friday’s lows. Today all trader’s attention will be focused on ECB President M.Draghi’s speech, as US data calendar is absolutely empty at the start of this week.


Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee