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​

Tuesday, December 20th

And another rate decision approached the market this morning. The BOJ left its interest rate unchanged at -0.1% with upbeat outlook of the economy. In its monetary policy statement, the BOJ increased its prospects of GDP and inflation growth rates for 2017. However, positive statement of the BOJ failed to provide the USD/JPY pair with any bearish momentum as investors had already priced-in any hawkish comments of BOJ members by that time. Moreover, the pair has strengthened its bid tone after head of the BOJ H.Kuroda reiterated that the Japanese CB is ready to adjust its monetary policy to reach its inflation target level. Currently the major is trading above the level of 118 moving away from its overnight lows marked just a few pips away from 117 level.

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, December 21st

The yen showed one of the best results across the market in Asia outperforming its American counterpart. The dollar/yen pair came under renewed buying pressure this morning as the greenback is still extending its correction down from its 14-year highs, posted after Fed’s hawkish decision seen last week. Another reason of better bearish tone around the pair is that traders are fixing the profit ahead of winter holydays thereby additionally supporting the yen. Today USD/JPY pair will continue to follow US dollar’s price-dynamics and RO-RO trend while only US Existing Home Sales will be able to set some short-term 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, December 22nd

Having rebounded from the region of its half-year lows posted at 0.6890 earlier this morning, the NZD/USD pair has regained a smile and now is trading above the level of 0.69. The major was trading back and forward this morning on the back of auspicious heavy data bloc from New Zealand on the one hand and fresh wave of buying interest around the US dollar on another. However, a strong GDP report seen this morning eased experts’ expectations of RBNZ monetary policy easing, thereby lending extra leg to the Kiwi. Today, amid lowered trading activity the pair will remain influenced by global market’s sentiments while US heavy-data calendar will be able to bring some trading opportunities 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​

Tuesday, December 27th

Today the EUR/USD pair breaks its 4-day winning streak and turns lower amid tightened trading activity on the market. Moreover, ongoing concerns around Italian banks which include the world’s oldest bank Monte Dei Paschi, are weighing moods around the common currency. However, the major currency pair has managed to rebound from its overnight lows posted at 1.0432 and now is trading around mid-point of 1.04 level as minor correction seen around the US dollar is lending support to the EUR/USD pair. Today the major will continue to track sentiments around the US dollar amid post-Christmas low trading volumes and minimal volatility across the market.

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, December 28th

Yesterday the EUR/USD pair managed to break out of its bearish trend and performed upper move refreshing today’s tops at 1.0480 spot despite better-than-expected US CB Consumer Confidence seen in the last NY session. Yesterday better readings from US economy failed to provide any bullish impetus on the US dollar as investors are awaiting for more detailed D.Trump’s economic outlook to perform any further important steps. Today the pair will keep tracing global market’s sentiments as Eurozone’s docket remains empty, while US Pending Home Sales may provide fresh impetus to the greenback across the board.

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, December 29th

The EUR/USD pair has failed markets’ expectations of staying quiet in the holiday season. Yesterday the main currency pair fell for more than a cent refreshing its weekly lows at 1.0372 handle as fresh wave of buying interest around the greenback approached the market. However, the major has recovered most part of its losses and now is trading around the mid-point of 1.04 level, consolidating its previous gains. Pair’s recovery is mostly explained by retreat of the US dollar vs. basket of its major competitors on the back of poor data from US housing market seen yesterday. Moreover, intensifying risk-off moods are also supporting the euro providing extra legs to pair’s recovery. Only second-tier data are scheduled in event calendar for this Thursday, so the pair will continue to trace US dollar’s price dynamics during this day.


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, December 30th

Another surprisingly strong move was performed by the EUR/USD pair at the last working day of this year. The main currency pair witnessed a momentary spike of almost two cents refreshing its two-week highs at 1.0650 level, straight away after posting its daily lows at 1.0485 spot. However, the spike faded quickly and now the pair is consolidating part of gains in the region of 1.0530. Sharp move across the market could be explained by thin liquidity amid ongoing festive season, what makes swings like this not so unusual. Today at the last working day of this year the pair will continue to float influenced by global trading trends due to low trading activity and empty economic calendar.

Dear traders,
Forex.ee Analytics department also sends you our best wishes for the New Year.
Thank you for being with Forex.ee

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 3rd

The euro has erased all today’s gains vs. its American counterpart retreating to the region of 1.0405. Fresh wave of buying interest around the greenback, seen in early Europe, forced the EUR/USD pair to fall back for 80 pips. Moreover, seems that euro bulls have ignored German Unemployment Change report, failing to provide any north directed impetus to the pair. Today the US economy will also be able to provide the pair with some directional move as US ISM Manufacturing PMI data are scheduled for release in 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​

Wednesday, January 4th

The EUR/USD remains flat in early Europe. Yesterday the main currency pair fell for nearly 150 pips refreshing its 14-year lows at 1.0340 level on the back of increased demand for the greenback and positive US data. However, euro bulls have managed to recover part of pair’s losses, lifting the major back above the level of 1.04. Currently the EUR/USD pair is trading in a narrow range, having posted its daily highs and lows at 1.0424 and 1.0390 spots, closely tracking consolidating phase of the US dollar index. However, in mid-term perspective the pair will continue to stay suppressed as expectations of increase in growth rate of the US economy are significantly supporting the greenback, while ongoing Italian banking crisis continues to weaken the euro.

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 5th

The Euro remains bullish this Thursday against its American counterpart leaving behind multi-year lows, witnessed at the start of this week. Currently the EUR/USD major is trading around the mid-point of 1.05 level extending its yesterday’s northern progress on the back of mixed sentiments around FOMC Meeting Minutes. Fed minutes showed concerns of FOMC members about further inflation growth pace, as D.Trump’s taxation program could bring some uncertainty in further developments around the US economy. Today’s docket remains full of events, as ECB will publish its Account of Monetary Policy Meeting, while the US economy will release ADP Nonfarm Employment Change and ISM Non-Manufacturing PMI providing investors with fresh short-term trading opportunities.

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