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Market Watch

A close watch of the most important economic data and indicators that can affect the financial markets to understand the market more effectively.

Forex Brexit236

Brexit’s Done. GBPUSD Falls 200 Pips On Monday. Now What?!

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As we said earlier, midnight Friday. Britain has officially become outside the European Union. Monday is the first trading day for sterling outside the...

FOMC: Uncertainty About Next Rate Cut…U.S Dollar Consolidates With Upside Bias!

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The Federal Reserve Board and the Federal Open Market Committee on Wednesday, Aug 21 released the attached minutes of the Committee meeting held on...
Forex - Uk - pound

GBPUSD Halts Downside On Strong U.K Employment Report

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The U.K Employment Report comes strong today. Average Earnings Index +Bonus (Nov) released at 3.2% as the previous month. passing a forecast of 3.1%...

EURUSD: A Selling Opportunity On Next Fed’s Meeting!

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With EURUSD breaking below 1.1197 , a short-term resistance has been printed at the 1.1326 levels, the rise from 1.1122 is likely over, a...
Forex-Uk-659889

GBPUSD Faces Further Decline After Breaking Under The Symmetrical Triangle

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As shown on the 4-hour chart below. The GBPUSD pair breaks below the rising support of the Symmetrical Triangle. Suggesting further weakness in the...
Forex - Canada - 6598

Weak Canada CPI Keeps USDCAD Very Bullish

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Canada's overall inflation rate slowed in November, putting the CAD under heavy pressure. Annual CPI fell 1.7%, from 2.4% compared with the same month a...

US Durable Goods Orders (MoM) stands at -1.3% , the USD is down !

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Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, including transportation items. Usual Effect: A high reading...
forex-656548

Get prepared,the EURO may fly to 1.4000/1.4500 soon !

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In the upcoming weeks, the world faces critical changes. In one way or another, the fx market will be affected directly or indirectly. Let's...
Forex-USDINDEX.jpg

USD INDEX – bullish after fed taperd QE

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The usdindex maintained a strong bullish momentum yesterday. Printed support at 79.65 levels. This strong move happened in conjunction with fed tapered QE. This...
Forex -6598756

Market -Weekly Outlook Nov 12 2018

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In the week ahead. The global financial market will shift their focus to Wednesday’s comments from Fed Chair Powell Speaks. The Fed has hiked rates three...