Forex

Event calendar

23

EUR/USD hits fresh lows ahead of FOMC minutes Matías Salord

The euro reached fresh daily lows against the US Dollar ahead of the release of the FOMC minutes. EUR/USD dropped to 1.1676, reaching a fresh 6-month low.The pair is down a hundred pips, having the worst performance in months. Fed’s minutes could add more strength to the USD rally or could trigger a corrective rally. It depends on the view...

21:00 23 May /2018 Forex

Italy's new Prime Minister, Guiseppe Conte: Will defend rights in European institutions Ross J Burland

Italy's PM-designate Conte has been making comments tonight in Italy after being confirmed and given the go-ahead to form a government as Prime Minister. 

21:00 23 May /2018 Forex

Yen outperforming in period of risk aversion - Scotiabank Ross J Burland

Analysts at Scotiabank explained that JPY is strong, up vs the USD and outperforming all of the G10 currencies in an environment of broad-based risk aversion.Key Quotes:"EUR/JPY has tumbled to a fresh 2018 low and appears vulnerable to a continued retracement of the rally from April 2017.""A reminder...

20:46 23 May /2018 Forex

EZ PMIs: data arrives not as assumed; ECB to delay - Nomura Ross J Burland

Like many other commentators, analysts at Nomura had assumed that the unexpected slowdown in the euro area in Q1 was driven by temporary factors such as inclement weather, strikes and a bout of sickness in Germany. Key Quotes:"We expected a bounce-back in some key leading indicators of growth in Q2. Unfortunately, howe...

20:23 23 May /2018 Forex

Still not clear who will be selected for Italy’s most important cabinet post Ross J Burland

While markets were expecting an announcement today as to who Italy's president, Mattarella, will appoint as premier to form a government, (Sergio Mattarella Giuseppe Conte has been summoned for consultations today to see if the law professor tapped by the eurosceptic 5-Star Movement and League as their candidate for premier has what it takes to try to form a government), Italy’s next economy minis...

19:23 23 May /2018 Forex

US stocks lower amid renewed trade/geopolitical concerns Haresh Menghani

Major US equity indices opened lower on Wednesday and were being weighed down by resurfacing trade/geopolitical concerns.Investors dumped perceived riskier assets, including equities after the US President Donald Trump said that he was not very pleased with the progress of the US-China trade talks. Trump also cast doubt on the upcoming historic summit with the North Korean leader in June and said ...

17:23 23 May /2018 Forex

EUR/USD reverses a dip to sub-1.1700 level, FOMC minutes eyed Haresh Menghani

   •  Political uncertainty/disappointing EZ PMIs kept exerting downward pressure. 
   •  Surging USD adds to the bearish sentiment and collaborates to the downfall. 
   •  Investors' focus remains glued to the release of latest FOMC meeting minutes.
The EUR/USD pair reversed a dip to sub-1.1700 level and quickly recovered ...

17:00 23 May /2018 Forex

Bitcoin price analysis: BTC/USD breaks out of key supporting ascending channel, here come the bears Ken Chigbo

 The Bitcoin price is seen down 1.5% on Wednesday, with the current bearish trend seen this week, starting to look like the norm for now. Selling pressure remains firmly evident across the board, as some believe the 2017 sell-off was never over.BTC/USD made a daily close below...

15:46 23 May /2018 Forex

EUR/USD: Resistance affirmed, downside retracement forming - Westpac Sandeep Kanihama

Daily momentum has fallen into potential areas of extension, but are also showing signs of divergence/support for EUR, according to Tim Riddell, Research Analyst at Westpac.Key Quotes“Rebounds off the broad 38.2% retracement level of 1.1710 are unconvincing so far and need to break above 1.1850-80 to suggest a period of consolidation”“Weekly Weekly momentum shows ...

15:00 23 May /2018 Forex

EUR/USD bears in full control, risks breaking below 1.1700 mark Haresh Menghani

   •  Italian political uncertainty continues to weigh on EUR.
   •  Disappointing PMIs add to the already weaker tone.
   •  Resurgent USD demand aggravates the selling pressure.
The EUR/USD pair remained heavily offered through the mid-European session on Wednesday, with bears now eyeing a fall below the 1.1700 handle. Ag...

14:46 23 May /2018 Forex

Bitcoin price analysis: BTC/USD leads yet another market selloff, down over 1% on the day; Masventas bank in Argentina starts cross-border transfers using Bitcoin John Isige

Bitcoin price extended its downward movement I the early trading hours on Wednesday somehow carrying the entire market with it. The most-traded digital asset continued with the slide initiated on Monday 21 breaking below $8,000 level for the second time in the month of May. BTC/USD is down 1.22% while a week support has been formed at $7,800.The Banco Masventas bank in Argentina has started a prog...

14:23 23 May /2018 Forex

USD/JPY: Long term base already formed - Westpac Sandeep Kanihama

Tim Riddell, Research Analyst at Westpac, suggests that daily momentum shows signs of peaking as USD/JPY approaches 50% of its range of the past 18 months, however, indicators are not turning, yet.Key Quotes“USD gains off 104.55 may be completing a dynamic seri...

14:23 23 May /2018 Forex

Gold spikes to over 1-week tops amid global flight to safety Haresh Menghani

   •  Global risk-aversion trade benefits traditional safe-haven assets.
   •  Tumbling US bond yields provide an additional boost.
   •  Resurgent US bond yields now seemed to cap additional gains.
After an initial downtick to sub-$1290 level, Gold caught some fresh bids and jumped to over one-week tops in th...

14:00 23 May /2018 Forex

WTI keeps loses below $ 72 ahead of OPEC meeting, EIA data Dhwani Mehta

The offered tone around WTI (oil futures on NYMEX) picked up the pace in the European session, leaving the rates capped below the $ 72 mark, as investors turn cautious and refrain from placing any directional bets ahead of the meeting of the joint technic...

13:23 23 May /2018 Forex

EUR futures: rallies to remain tepid Pablo Piovano

In light of preliminary figures for EUR futures markets from CME Group, investors added more than 2.2K contracts to their open interest positions on Tuesday from Monday’s final 518,591 contracts. In the same line, volume rose sharply by more than 30.6K contracts.EUR/USD keeps looking south12:46 23 May /2018 Forex

USD/JPY plummets to lows, farther below 110.00 mark Haresh Menghani

   •  Global flight to safety strengthens JPY across the board.
   •  Sharp slide in US bond yields offset resurgent USD demand.
   •  All eyes remain glued to the latest FOMC meeting minutes.
The Japanese Yen continued benefitting from global flight to safety and dragged the USD/JPY pair back below the key 110.00 psycholog...

12:23 23 May /2018 Forex

EUR/USD drops to YTD lows and challenges 1.1700 Pablo Piovano

The selling pressure is picking up pace around the European currency on Wednesday and is now dragging EUR/USD to test fresh 6-month lows in the 1.1700 neighbourhood.EUR/USD weaker on PMIs, supported near 1.1700Spot tumbled and tested the 1.1700 milestone after advanced manufacturing PMIs in Germany and the e...

11:23 23 May /2018 Forex

Bitcoin price analysis: BTC/USD trapped in bearish trend; McAfee urges to keep calm and HODL on Tanya Abrosimova

Bitcoin slumped over 4.5% since this time yesterday to $7,920 at the time of writing. The coin is moving within a clear downside channel visible on the hourly chart with critical resistance levels clustered around $8,400 area. Downside trendline is registered at $8.384, marginally below psychological $8,400, while 50% Fibo comes at $8,424. ...

10:46 23 May /2018 Forex

USD/JPY retreats farther from 4-month tops amid risk-off mood Haresh Menghani

   •  Global risk-off mood underpins JPY’s safe-haven demand and exerts pressure.
   •  Renewed USD buying/weaker Japanese PMI does little to lend support.
   •  Focus remains on the latest FOMC monetary policy meeting minutes.
The USD/JPY pair remained under some selling pressure for the second consecutive session and retr...

09:46 23 May /2018 Forex

When are the German/ Eurozone flash PMIs and how could they affect EUR/USD? FXStreet Team

German/ Eurozone flash PMIs OverviewAmongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of its impact on the European currency and the markets as well.The forecast for the Eurozone flash manufacturing PMI shows 56.0 for May, lower than previous month's reading of 56.2, and the Eurozone services sector is also expected t...

09:23 23 May /2018 Forex