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Market Watch

A closer look at the most important news that could affect the market.

At the moment, the GBPUSD trades around 1.3890 levels, retreated from daily chart resistance 1.3915. The pair is waiting for Hammond's spring budget statement and official estimates of Brexit costs under various scenarios today at 11:30 GMT. In my opinion, the U.K has nothing to lose, on the contrary, the most affected...
USD Index, Continues To Consolidate! The USD Index is neutral at the moment, immediate support comes at the 89.45 levels, while resistance comes at the 90.18 levels.On the upside, a daily closing above 89.45 will extend recovery to the 90.75 levels where rejection is very likely, a clear break above that...
The outlook in EURUSD has turned neutral with risk to the downside in the long-term forecast, support comes at the 1.0507 levels (high of 2002) while resistance comes at the 1.2091 levels (high of 2017). On the upside, a sustained breakout above 1.2091 levels will turn the focus on...
The U.S Retail Sales rose 0.8%, from 0.5% a month earlier, analysts had expected it to fall 0.3% in the last month. Core Retail Sales rose 1.0%, from 0.4% in the preceding month, passing a forecast of 0.7%...This development supported the US dollar, anyway, let's take a quick look at the market. EURUSD:...
The Federal Reserve raised interest rates on Wednesday but left its outlook for the coming years unchanged even as policymakers expected a short-term jump in US economic growth from Trump's proposed tax cuts. In an early ruling on tax review, federal policymakers said it would boost the economy next...
The U.S consumer price inflation rose 0.4%, from 0.1% in the preceding month, meeting a forecast of 0.4%. Core CPI fell 0.1%, from 0.2% a month earlier. Analysts had ex[ected to remain unchanged at 0.2% as the previous month. This development is likely to bring a buying opportunity for the USD...
The U.K Claimant Count Change fell 5.9K, from 6.5K a month earlier. Analysts had expected it to fell 3.2K in the last month. Average Earnings Index +Bonus rose 2.5%, from 2.3% in the preceding month, meeting a forecast of 2.5%... This development is expected to bring a selling opportunity for GBPUSD, immediate resistance comes...
USD Index: Consolidates With Upside Bias The US Dollar Index remains on the upside as long as 93.59/93.10 support holds on a daily closing basis, resistance comes at the 94.00 levels, a halt is likely if seen it will retest the 93.59/93.10 levels before another rising, however; above 94.00 levels,...
The U.S economy added 228.000 jobs in Nov, passing a forecast of 200.000 jobs, and revising from 244.000 jobs a month earlier.The jobless rate held at 4.1% last month, in line with the forecast...Anyway; This development is supposed to support the U.S dollar, so buying the USD on dips...
The Reserve Bank of Australia held its cash rate at a record low 1.50% on Tuesday as expected. The statement came in a very positive tone, especially as the retail sales data which released early Tuesday, showed an improvement in October. The report showed retail sales rose 0.5 percent in October...