Daily Forex Analysis and Forecast


Gold Plunges After 1.8 Million Ounces Were Traded in One Minute (News: 26/06/17)
Gold Plunges After 1.8 Million Ounces Were Traded in One Minute (News: 26/06/17)

Today's pressGold Plunges After 1.8 Million Ounces Were Traded in One Minute Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that trade...

Single currency correcting after Friday’s rally
Single currency correcting after Friday’s rally

Euro bulls attempted to renew Friday’s high of 1.1209 as the European session opened today. This attack may have been boosted by the EURJPY. The Euro rose against the dollar before a...

Global Economic Optimism Continues
Global Economic Optimism Continues

Global equities moved higher on Monday as optimism continued to improve on global economic growth. However, USD remained somewhat subdued in early trading as the outlook for US infla...

Short-term trading idea FX AUDCAD – bull speculation: price to restore to 1.0327
Short-term trading idea FX AUDCAD – bull speculation: price to restore to 1.0327

Trading opportunities for the currency pair: The price has twice rebounded from the S1 line. Because of this, the Aussie dollar is expected to strengthen against its Canadian counter...

Short-term trading idea FX EURGBP – bull speculation: strengthening Euro with a jump to 0.8652 expected
Short-term trading idea FX EURGBP – bull speculation: strengthening Euro with a jump to 0.8652 expected

Trading opportunities for the currency pair: A W-model has formed on the weekly timeframe. Keep an eye on 0.9083 level. Cycles suggest a slide to 0.8652 by 10/07/17, followed by grow...

EURUSD: Friday against Monday
EURUSD: Friday against Monday

Previous: Trading on the Euro closed up on Friday. The Euro appreciated against the US dollar and British pound during the New York session. The EURUSD rose to 1.1209 and the EURGBP...

U.S. business activity unexpectedly slows in June - Markit (News: 23/06/17)
U.S. business activity unexpectedly slows in June - Markit (News: 23/06/17)

Today's pressU.S. business activity unexpectedly slows in June - Markit Investing.com – Business activity in the U.S. private sector slowed in June, dampening optimism over the Am...

US dollar trading down in Europe
US dollar trading down in Europe

As trading opened in Europe today, Euro bulls took advantage of the weak dollar to reach a new intraday high. The dollar was falling across the whole market at the time, so I don’t t...

Markets look ahead to US data next week
Markets look ahead to US data next week

Trading in USD was relatively flat on Friday ahead of economic indicators released next week in the US, which will provide further insight into the US economy – specifically inflatio...

EURUSD: Euro has stalled around 1.1140
EURUSD: Euro has stalled around 1.1140

Previous: On Thursday, trading on the EURUSD pair closed down. The Euro fell against the dollar, but it was a reluctant retreat. US 10Y bond yields didn’t manage to consolidate abov...

U.S. Stocks Mixed as Oil Stabilizes, Dollar Slips: Markets Wrap (News: 22/06/17)
U.S. Stocks Mixed as Oil Stabilizes, Dollar Slips: Markets Wrap (News: 22/06/17)

Today's pressU.S. Stocks Mixed as Oil Stabilizes, Dollar Slips: Markets Wrap U.S. stocks sought to rebound from two days of losses as the bear market in crude prices showed signs ...

Euro caught at 1.1167
Euro caught at 1.1167

Trading on the Forex market has been going relatively peacefully this Thursday. The EURUSD pair is trading in a 23-pip range with a median price of 1.1165 and the GBPUSD pair is trad...

Daily analytical report (22/06/17)
Daily analytical report (22/06/17)

Market attention is turned towards oil, but other commodities should not be forgotten, especially as they are showing some nice price action. First, we’ll start with gold, which af...

India plans to legalise bitcoin: who’s next?
India plans to legalise bitcoin: who’s next?

After its growth yesterday, the bitcoin corrected downwards. Today, we’re seeing consolidation on the BTCUSD instrument in the region of 2620-2640. The driver for growth at the begin...

Bear Territory for Oil?
Bear Territory for Oil?

Oil continued to trade lower on Thursday as traders look ready to test new lows for crude prices with worries persisting over a global glut. Since peaking in late February, crude has...

EURUSD: correctional movement following same path as on the 15th of June
EURUSD: correctional movement following same path as on the 15th of June

Previous: The EURUSD pair closed up at the end of Wednesday’s trading. The price has returned below the trend line, which was broken through on the 20th of June. This was brought ab...

Pound jumps after BoE's Haldane speech, commodity currencies dip (News: 21/06/17)
Pound jumps after BoE's Haldane speech, commodity currencies dip (News: 21/06/17)

Today's pressPound jumps after BoE's Haldane speech, commodity currencies dip The pound jumped on Wednesday after a Bank of England policymaker said he expected to back an interes...

Sterling given a boost during BoE MPC member Haldane’s speech
Sterling given a boost during BoE MPC member Haldane’s speech

During trading in Europe, the British pound is once again the centre of attention due to increased volatility. The GBPUSD pair has fallen by 45 pips to 1.2590, hitting a new weekly l...

Daily analytical report (21/06/17)
Daily analytical report (21/06/17)

Wednesday brings us a small correction on the USD. The day is rather calm and the focus is shifting towards oil and global indices. The cable is defending a very important support ...

Oil & GBP slide lower
Oil & GBP slide lower

by the FxPro Analyst Team Oil continues to be under “over supply” pressure resulting in prices dipping to 7 month lows. Yesterday Oil suffered a 2% drop as the increased supply from ...


Daily Forex market review helps to predict the market's behavior

Daily Forex news, reviews and analysis represent a range of technical and statistical methods and conclusions, on the basis of which is possible to summarize, and even to forecast adequately, the market’s behavior. Daily Forex reviews are widely used both by common traders and experts of financial area, therewith they can cover different periods in duration. Trader should confront with facts all this information to get a clear picture of the market, that will simplify significantly trading activity.

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Review and daily Forex analysis of the market takes a significant part of the working time of each trader, as without these actions any other movement within the market turn into a hopeless guessing. Since to cover the diversity of the daily Forex economic news and currency indexes is not possible, it is wise to focus on monitoring of some most important areas and indicators, comparing their behavior with news trends. It is useful also to select one or more authoritative sources that publish the daily Forex forecasts, to be able to compare your own calculations with the conclusions of professionals.

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