Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may notContinue reading “The trade week ahead – InflationThe trade week ahead – InflationThe trade week ahead – Inflation”
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Dollar heading to another forex high as other currencies
Bill Diviney, senior economist at ABN AMRO, expects the Fed to formally announce a decision on the balance sheet at the 29-30 October FOMC.“The question is, by how much will the Fed need to regrow the balance sheet, and at what pace? Clues for this are provided by the continued repo operations that the NYContinue reading “Dollar heading to another forex high as other currencies”
EUR/USD pair drops as Angela Merkel bows outEUR/USD pair drops as Angela Merkel bows outEUR/USD pair drops as Angela Merkel bows out
Analysts at TD Securities note that UK’s August GDP came in at -0.1% m/m, a touch weaker than consensus of flat.“Details show most of the downside coming from industrial production, while construction bounced a bit (+0.2%) and services were flat m/m.”“Given the solid 0.4% growth rate in July, it would take a September reading ofContinue reading “EUR/USD pair drops as Angela Merkel bows outEUR/USD pair drops as Angela Merkel bows outEUR/USD pair drops as Angela Merkel bows out”
Dollar hits 16-month peak in forex markets as other currencies sufferDollar hits 16-month peak in forex markets as other currencies sufferDollar hits 16-month peak in forex markets as other currencies suffer
The GBP/USD pair once again showed some resilience below the 1.2200 round-figure mark on Thursday and witnessed a solid rebound from support marked by 61.8% Fibonacci level of the 1.1958-1.2583 recent strong move up. The intraday buying interest picked up some pace in the last hour and lifted the pair to fresh session tops, levelsContinue reading “Dollar hits 16-month peak in forex markets as other currencies sufferDollar hits 16-month peak in forex markets as other currencies sufferDollar hits 16-month peak in forex markets as other currencies suffer”