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.

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USDCAD Sees A Selling Opportunity Ahead Of Canada Retail Sales Data

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The outlook in USDCAD remains on the downside as long as 1.3157 resistance holds on a daily closing basis. Support comes at 1.3100 levels....
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Market Weekly Outlook Dec 16 2019

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It's the last full trading week in 2019. Seems like it will be a British week, the focus will be on Brexit developments after...
UK pound -659865

GBPUSD: Around Critical Resistance 1.2500 Medium-Term Forecast

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The GBPUSD maintained a bullish momentum last week. Opened at 1.2268 levels. Closed at 1.2500 Levels. Now the focus will turn to 1.2500 levels....

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- pound -98965

GBPUSD: Light Bullish With Caution!

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The GBPUSD maintained a bullish momentum yesterday, topped at 1.2178 level and bottomed at 1.2063 levels. This development leaves the pair targeting the 1.2225...
Forex- 9865656

Market Daily Outlook Aug 15 2019

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In the day ahead. Investors will shift their focus on data from the U.K and the U.S. From the British side. Retail Sales data...
Forex-659854545asd

Market Weekly Outlook Aug 12 2019

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In the week ahead. Investors will shift their focus on the German GDP, inflation and retail sales from the U.S. From the U.K the...
Forex- 59896598

GBPUSD Falls On Negative U.K Data!

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All U.K data comes red today. Gross Domestic Product (GDP) for the second quarter fell -0.2%, from 0.5%. Analysts expected it to fall to...
Forex- 98785666

U.S.D Slides On Negative ISM Non-Manufacturing PMI

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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...
Forex- analysis-3843915_1920

U.K Services PMI Up In July. GBPUSD Consolidates Above 1.2100 levels!

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The U.K data comes green today. The Composite PMI (Jul) rose 50.7, from 49.7 a month earlier, passing a forecast of 49.8. U.K Services...