Technical Analysis

Daily Technical analysis for December 13, 2019

The EURUSD pair rose strongly yesterday from 1.1110 levels, as we expected, the pair now faces a resistance level at 1.1175 and the upper limit of the bullish c

Daily Technical analysis for December 12, 2019

The EURUSD pair broke the resistance levels located at 1.1098 - 1.1110 and settled above it, so it has become a support area. We expect more rise during the com

Daily Technical analysis for December 11, 2019

The euro continued to rise against the US dollar, as we expected yesterday, until the 1.0985 price level, which represents a resistance area along with the leve

Fundamental Analysis

Pound climbs to 18-month high as Conservatives seal majority

Pound rose to the highest level in 18 months versus the U.S. dollar on Friday after the victory of the Conservative Party, headed by Prime Minister Boris Johnso

Markets to focus on the last Fed meeting this year

The U.S. dollar will face a hard test as the markets await the last Federal Reserve meeting this year, amid worries about the deadline for a new round of tariff

Oil prices fall on dismal Chinese trade data

Oil prices fell on Monday’s trading, driven by negative Chinese data highlighting the fallout from the trade war between the world's two largest economies.

Forex News

China’s CPI accelerates to 8-year high, yet PPI drops

China’s inflation, measured by the consumer price index, accelerated to a nearly eight-year high last month due to a jump in the cost of some food ingredients.

Euro area economic confidence unexpectedly jumps

Economic confidence in the euro area saw an unexpected jump in December, as the investor morale measure rose to +0.7 after recording -4.5 in November, the Senti

German industrial orders crisis continues in Q4

Industrial orders in Germany unexpectedly fell in October due to weak domestic and external demand from the euro zone, which reflect the slowdown in growth rate