forex

What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price. Other oil data is...

EURUSD faces risk of further move lower as it embarks on a third of bearishness. This is coming on the back of its price rejection on Tuesday. Resistance stands at the 1.1250 where a break will turn risk towards the 1.1300 level. A breach above here will target the 1.1350 level. Further up...

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Technical Analysis of Three Currency Pairs EUR/USD According to analysis, The EUR/USD fell close to 90 pips on Friday, counteracting the bullish view put ahead by the outside-day reversal. That bearish move has founded Thursday's high of 1.1402 as the level to beat for the bulls, that is, the...

The dollar stood tall against its peers on Friday, hovering near a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve's signal for a steady course of rate increases over the next year. U.S. gross domestic product grew at a...

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EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the...

EURJPY: The pair retains its broader uptrend though seeing price hesitation. Support comes in at the 130.00 level where a break if seen will aim at the 129.50 level. A cut through here will turn focus to the 129.00 level and possibly lower towards the 128.50 level. On the upside, resistance...

Forex News Feed - Dollar On-Track to Snap 4-Week Winning Streak as EUR/USD Gains The dollar fell closely its rivals approaching Friday as traders appeared to have the same opinion on profit in gloss to its recent rally, though gains in the euro limited upside press minister to on. The U.S...

Forex News Feed - Dollar Holds Near 4-Month High in 4th Week of Gains The dollar started the week off in a continuation of recent upward press forward coming off three straight weeks of gains. At 4:52 AM ET (8:52GMT) Monday, the U.S. dollar index, which events the greenback's strength nearby a...

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