Dollar slips lower ahead of Fed meeting

The dollar was weaker against the euro and the yen on Tuesday as ongoing uncertainty over when the Federal Reserve will start to taper its asset purchase program weighed. During European morning trade,EUR/USD rose to session highs of 1.3782 and was last up 0.05% to 1.3768. Demand...

Read More

EUR/GBP: Bullish, Follows Through Higher

EUR/GBP: The risk of further upside is now seen with a follow through higher on its past week corrective recovery underway. This development has exposed the 0.8463 level. It must break and hold above that level to create scope for further offensive. However, if this fails...

Read More

U.S. oil futures edge lower ahead of supply data, Fed meeting

U.S. oil futures edged lower on Tuesday, as market players awaited key U.S. weekly supply data to gauge the strength of oil demand from the world’s largest consumer. Investors also awaited the outcome of the Federal Reserve's two-day policy meeting on Wednesday. On the New...

Read More

European stocks decline amid Fed jitters; Dax down 0.40%

European stocks decline on Tuesday, as markets were jittery ahead of the Federal Reserve's highly anticipated policy meeting, due to begin later in the day.  During European morning trade, the EURO STOXX 50 retreated 0.60%, France’s CAC 40 tumbled 0.96%, while Germany’s...

Read More

Silver futures decline with Fed in focus

Silver prices were lower on Monday, as investors awaited a Federal Reserve meeting starting tomorrow to gauge the timing of stimulus cuts. On the Comex division of the New York Mercantile Exchange, silver futures for March delivery traded at USD19.47 a troy ounce during European...

Read More

FOCUSED CONFIDENCE AND DISCIPLINE

Whether you`re a newbie trader, an explorer by experience, or somebody that makes her or his living strictly from trading, you can be successful. A lot of people think they need to have significant capital, or years of experience, to trade successfully. That`s not true. If...

Read More

French PMIs disappoint – EUR/USD slides

Markit reported its preliminary purchasing managers’ indices for France, Europe’s second largest economy. Manufacturing PMI fell 47.1 points, while in the services sector, the indicator fell to 47.4. Manufacturing PMI was expected to advance from 48.4 to 49.1 points. Services...

Read More

Forex - EUR/USD hits session highs after euro zone PMI data

The euro rose to session highs against the dollar on Monday following the release of encouraging data on euro zone private sector activity, but gains were held in check ahead of this week’s Federal Reserve policy meeting. EUR/USD hit highs of 1.3763, up from session lows...

Read More

Euro zone manufacturing PMI rises to 31-month high of 52.7 in December

Manufacturing activity in the euro zone expanded at the fastest pace since May 2011 in December, preliminary data showed on Monday. In a report, market research group Markit said that its preliminary manufacturing purchasing managers’ index inched up to a seasonally adjusted...

Read More

GBP/USD Outlook Dec. 16-20

GBP/USD posted modest gains on the week, closing at 1.6375. It’s a very busy week, with 17 releases on the schedule. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. British releases were uneventful last week....

Read More

EUR/USD Forecast December 16-20

EUR/USD continued rising, but was unable to reach the previous highs. Is it about to change direction? Manufacturing and services PMIs, President Draghi’s speech, German ZEW Economic Sentiment and the Ifo Business Climate indicators. Here is an outlook for the market...

Read More

Forex - Weekly outlook: December 16 - 20

The dollar hit its strongest level in five years against the yen on Friday and rose against the euro amid expectations the Federal Reserve could begin scaling back its monthly bond buying program as soon as this month. Expectations for a small reduction in the pace of the...

Read More