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Forex Blog

EUR/USD Declines Through the Day, Recovers After US Fundamentals

Thu, 17 Aug 2017 16:12

The euro was in a downtrend versus the US dollar for the first half of the trading session today. It stalled after the New York session opening and entered a recovery uptrend as the US industrial production report disappointed the USD bulls. Initial jobless claims fell from 244k to 232k during the week ending August ...

EUR/USD Falls Before US Data, Soars on FOMC Minutes

Wed, 16 Aug 2017 18:44

EUR/USD had fallen today even before any meaningful economic data was released anywhere in Europe or the United States. It continued to fall even as the US reports came out without any good surprises for the dollar bulls. However, the currency pair rallied later following the release of the July FOMC meeting...

EUR/USD Recovers Despite Good US Data

Tue, 15 Aug 2017 20:24

After having fallen upon the release of the first batch of the US macroeconomic indicators, EUR/USD was rather quick to recover despite the lack of some meaning fundamental drivers. The currency pair then stalled not too far from the daily open level. US export and import prices rose by 0.4% and 0.1% respectively...

Forex News

US Dollar Gives up Early Gains as Political Woes Remain in Play

Thu, 17 Aug 2017 18:00

The US dollar rose against the euro and other major currencies on Thursday, even after giving up some of the gains it made earlier today. A smaller drop than expected in manufacturing activity in Philadelphia and a low number of jobless claims supported the greenback.

Euro Declines Against US Dollar on Dovish ECB Minutes

Thu, 17 Aug 2017 15:12

The euro today declined against the US dollar after the release of the European Central Bank's minutes of their monetary policy meeting, which outlined a dovish stance. The US dollar was stronger against the euro due to the high buying interest in the greenback as tracked by the US Dollar Index, which hit new highs in today's session.

British Pound Declines Against US Dollar Despite Positive Jobs Data

Wed, 16 Aug 2017 17:30

The British pound today rallied higher briefly against the US dollar after the release of positive UK labour market report, but later declined retracing most of its gains.

Commodity Blog

Weak Demand, Stronger US Dollar Send Coffee Futures Lower

Thu, 17 Aug 2017 17:00

Coffee futures are trading lower on Thursday amid a strengthening US dollar and weaker demand for the commodity. Coffee prices are at multi-week lows, and many...

Copper Futures Surge 3% amid China Restrictions

Wed, 16 Aug 2017 17:02

Copper prices are soaring midweek as restrictions have been placed on refiners in China. The red metal has been bolstered by the Chinese government’s crackdown on polluters,...

Weak Chinese Data, Rising US Dollar Fuel Oil Sell-Off

Tue, 15 Aug 2017 16:32

Oil futures are trading lower for the second straight session as weak Chinese data and a rising US dollar are fueling a sell-off by investors. Despite...

Forex Video Zone

EUR/USD and GBP/USD Forecast — August 17th 2017

Thu, 17 Aug 2017 14:11

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 17th session. EUR/USD — As you can see on the daily chart, we fell a bit during the day, but turned around to show signs of life to form a hammer. The hammer looks well supported at the 1.17 level. So, I think if we can break above the top of the candle, we then go to 1.19, which is...

Oil Prices Failed to Rise on Drawdown in US Oil Inventories

Thu, 17 Aug 2017 14:08

News on drawdowns in the US oil inventories lost its influence on the market. WTI Crude Oil is trading in a range between $47 and $48 a barrel. Two days ago, the American Petroleum Institute reported a decrease in the US Crude stockpiles by 9,160,000 barrels. The market participants abstain from oil trading as the API reports often differ from the government numbers released by the US Department of Energy, the US oil stockpiles...

Pound Fails to Attract Investors’ Attention

Thu, 17 Aug 2017 14:06

Yesterday market participants absorbed the minutes of the latest Fed policy meeting. The minutes showed that most members of the Federal Open Market Committee agreed on the necessity to reduce the balance sheet in the nearest term. Besides, investors were eager to learn the inflation outlook. The policymakers said that it will take more time for the inflation to speed up the target level of 2% than it was estimated earlier. The cautious approach...