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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.


EURUSD Consolidates With Downside Bias Ahead Of FOMC Meeting Minutes!

Intraday outlook in EURUSD has turned neutral at the moment , printed resistance at the 1.1144 levels and bottomed at the 1.1061 levels. On the...
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U.S.D Slides On Negative ISM Non-Manufacturing PMI

The U.S ISM Non-Manufacturing PMI fell 53.7, from 55.1 in the preceding month. Missing a forecast of 55.5. This development keeps the USD under...

GBPUSD Remains Under Pressure On Negative U.K Construction PMI !

The U.K Construction PMI fell 48.1, from 51.1 in the previous month, analysts had expected it to fell to 51.0 in the last month,...
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Forex Weekly Forecast May 25 2015

The US dollar continued its medium term bullish move last week, the U.S inflation data boosted the US dollar last Friday , It was better...

GBPUSD targets 1.6218 levels – Resistance 1.6440

The GBPUSD maintained a bearish momentum a few days ago, topped at the 1.6440 levels and bottomed at the 1.6290 levels, now the pressure...

GBPUSD – Possible Correction ,Support at 1.6021 !

The GBPUSD maintained some bearish momentum yesterday , topped at the 1.6162 levels, bottomed at the 1.6021 levels, now pressure will be on the...
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EURUSD Forecast Ahead of U.S Nonfarm Payrolls (Mar) !

Nonfarm Payrolls measures the change in the number of people employed during the previous month. Excluding the farming industry. Job creation is the foremost...
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Spanish Manufacturing PMI Falls 54.5 In Jun , EURUSD Tests Support !

The Spanish Manufacturing PMI is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an...

Core Durable Goods Orders Rises 1.8%, Initial Jobless Claims Up 272K, Mixed Market!

The U.S Durable Goods Orders rose 4.9%, from -4.6% in the previous month, analysts had expected it to rise 2.5% in the last month... Core Durable...

USD Rises On Positive GDP(1.0%) In Q4 !

The U.S GDP rose 1.0%, from 0.7% in the previous quarter, analysts had expected it to fall 0.4% in the last quarter.... This development should support the...