Category: Forex Market Reports

Daily Market analysis
November 29, 2018 BY Valentina Kirilova

Daily Market Brief: US stocks jump on Fed remarks and more

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided daily commentary on traditional and crypto markets for November 29, 2018. Highlights include: BTC Found Bottom? Bitcoin has found a new line of support following yesterday’s news about the Nasdaq pursuing BTC futures. Other institutional voices such as Mohamed El-Erian of Allianz have voiced…

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June 08, 2017 BY FxPro

Market Concerns over Uncertain Outcome Drives GBP/USD Lower

GBP/USD has rallied around 3.14% since Theresa May announced a snap general election, as markets largely priced in a Tory victory. GBP/USD has been trading above the downside uptrend line support since May 31st. Today is the market-focused UK general election. The Tories are expected to remain in power, however, now it is hard to…

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June 08, 2017 BY FxPro

How will Different Election Outcomes Affect the Markets?

Today is a big day for the market with three major events upcoming: the market-focused UK general election, the Former FBI Director Comey’s testimony, and ECB’s rate decision and press conference at 12:45 and 13:30 BST respectively. The market is expected to be volatile across the board. In terms of the UK general election, there…

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June 07, 2017 BY FIBO Group

Gold could surge higher

Published on 07.06.2017 20:09 The gold price is taking a breather today after making a run for the $1,300 level on the back of US dollar strength as traders await tomorrow’s elections in the UK which depending on the outcome, could see the precious metal move significantly higher. The election is expected to be very…

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June 07, 2017 BY FxPro

Downward Revised Inflation Ahead of ECB Weighs on EUR/USD

The European Central Bank’s (ECB) rate decision and press conference is scheduled at 12:45 and 13:30 BST respectively on Thursday, June 8th. Earlier today, Bloomberg unexpectedly reported that the ECB will cut its inflation forecast at tomorrow’s meeting due to falling energy prices. The annual inflation forecasts announced in March foresaw rates of 1.7%, 1.6%…

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June 07, 2017 BY FxPro

All Eyes on the Upcoming General Election

The market-focused UK general election date is tomorrow, Thursday, June 8th. The left-wing Labour party’s manifesto includes cancellations of university tuition, free school meals, increasing government spending on social benefits, nationalising and capping fares of train companies, water utilities and energy utilities. In general, the Conservatives lead Labour across all ages, apart from the 18…

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June 07, 2017 BY FIBO Group

Time to sell the Australian dollar

Published on 07.06.2017 08:54 The Australian dollar has continued its winning streak today, racking up a 4th straight day of gains on the back of better than expected GDP figures which dimmed expectations of a rate cut in the nearest future. Gross domestic product rose by by 0.3 percent in the 2nd quarter of the…

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June 06, 2017 BY FxPro

Gold Bulls Approach Major Resistance at 1300 Ahead of Election

Safe havens have strengthened across the board as the recent risk events have lifted markets’ risk off sentiment. Notably the London terror attack, gulf states cut diplomatic ties with Qatar, and the upcoming UK general election. Spot gold has seen a significant 6% gain since May 11th. On Tuesday, June 6th, spot gold rallied 1.1%,…

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