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CommexFX

British pound keeps on posting additions on Tuesday, as GBP/USD exchanges the mid-1.71 extent in the North American session. On the discharge front, British Manufacturing PMI enhanced somewhat in June to 56.7 focuses, posting a seven-month high. In the US, ISM Manufacturing PMI indicated little chan...

CommexFX

Euro (1.3609) broke the uptrending channel after the ECB meet and the ensuing soak soften up EURGBP (0.7927) proposes more downside, even upto 1.35. Keep an eye on the backings at 1.3580 and 1.3550. Dollar-Yen (102.13) is near our focus of 102.50 after the US NFP information supported the Dollar yet...

CommexFX

Euro (1.3604) is trying our backing of 1.3580-50 and a break over 1.3600 may create a bob to 1.3640-50 where the merchants may return once more. The proceeded with shortcoming in EURGBP (0.7940) recommends more downside, even up to 1.35, particularly if EURGBP neglects to bob from the channel backin...

CommexFX

The discourse by the ECB president Mario Draghi today may focus the fleeting heading for the Euro and thus the Dollar as well. Continue viewing. Euro (1.3603) has been solidifying in the more extensive scope of 1.35-1.37 throughout the previous 6 weeks and may keep doing so. Presently it may achieve...

CommexFX

The Dollar quality is noticeable all around now however the likelihood a transient top this week may not be completely discounted. Delight in the Dollar rally yet with a bit of alert. Euro (1.3430) is exchanging at a 8 month low and searches prepared for a voyage to 1.33 or 1.31 in the following few...

CommexFX

The advance estimate of US Q2 GDP may affect the Euro in a big way today as can the FOMC decision. With Dollar Index reaching close to the 8-10 months old supply zone in 81.40-50, anything is possible now including a short term top for the Dollar. Keep cautious tonight. Euro (1.3411) is testing the ...

CommexFX

The US GDP information brought more cheer for the Dollar bulls all over yet maybe the time for some alert is here with the Dollar Index still not able to convincingly exchange over the 10 month safety of 81.50 and the Sterling hinting at inversion. A transient top in Dollar and a fleeting base in Eu...

CommexFX

Except the Aussie and the Pound, no other currency moved much. Yen may weaken further but keep an eye on Aussie, where the drop is surprising in the context of a violent rise in Chinese equities. Euro (1.3388) is taking a pause in the form of a Triangle and looks set for a drop to 1.33 in the next 1...

CommexFX

While the lower than anticipated US NFP information has debilitated the Dollar, the Indian Rupee holds up for the RBI meet tomorrow. About all the EM monetary standards are confronting solid backings, which must be broken to fortify the Dollar once more. Euro (1.3418) ricocheted higher in opposition...

CommexFX

All the worldwide coinage are in an insensible mode with exceptionally thin extends with the ECM get meeting up and this unaltered situation may be thought about the Rupee as well, anticipating the RBI meet toward the beginning of today. Euro (1.3418) is exchanging a scope of 20-30 pips yet to ampli...

CommexFX

QE didn’t show up of course and the majors didn’t do anything altogether diverse. There is checked contrast with the values in this portion in regards to the value activities. Euro (1.3362) didn’t find any course significantly after the ECM meet and is stuck in the restricted scope of 1.3330-90. Sit...

CommexFX

The significant pattern may be down for about all the majors against the Dollar, yet in the short term, an exertion to assemble base is unmistakable, as apparent in Euro & Aussie. Fleeting energizes this week in the majors can’t be discounted. Euro (1.3402) has made two week by week candles with...

CommexFX

EUR / USD The EUR rose 0.17% against the USD and closed at 1.3280, following upbeat macroeconomic data from Germany. French manufacturing PMI fell to 15-month low of 46.5 in August, underlying concerns about the economic outlook of the Eurozone’s second largest economy. In the US, the Kansas City Fe...

CommexFX

Euro (1.3202) has taken a big hit after the Jackson Hole meet as it trades around 1.32. With no sign of strength emergent, it definitely looks destined for our target of 1.31. Resistance at 1.3330-50 and support in 1.3250-25. Dollar-Yen (104.18) is trading at a 7-month high but looks a bit overstret...

CommexFX

EUR USD The EUR traded marginally higher against the USD and closed at 1.3134. In economic news, the PPI in the Euro-zone eased 0.1% in July, compared to a rise of 0.1% in the previous month. Elsewhere, In Spain, the number of unemployed people registered a rise of 8.1K in August, following a 29.8K ...

CommexFX

EURUSD The EUR rose 0.13% against the USD and closed at 1.3151, following report about a possible cease-fire agreement between Russia and Ukraine. The service sector in Germany, Euro-zone’s biggest economy, further worsened , falling to 54.9 in August. the services PMI in the Euro-zone dropped to 53...

CommexFX

EUR USD The EUR declined 1.63% against the USD and closed at 1.2936, following the ECB’s unexpected decision to cut its benchmark interest rates and loosen monetary policy even further. The ECB lowered its main lending rate to 0.05%, a record low from 0.15% and announced a new economic stimulus prog...

CommexFX

EUR USD EUR/USD gained 16 points to trade at 1.2955 as traders continued to interpret the ECB moves and its assistance to the Eurozone economy. There is virtually no Eurozone or US data today so trader are looking for reasons to trade. Last week’s August payrolls report brought a major disappointmen...

CommexFX

EUR USD The EUR traded tad lower against the USD and closed at 1.2923. the Euro-zone’s biggest economy, registered a flat CPI data, in line with market expectations, on a monthly basis in August. Yesterday, the ECB, in its monthly report, reported that the policymakers would keep a close eye on the ...

CommexFX

EURUSD The EUR declined 0.18% against the USD and closed at 1.2938, after the Euro-zone’s trade surplus narrowed to €12.2 billion in July, Separately, the Organization for Economic Co-operation and Development (OECD) cut its growth forecasts for major developed economies. Additionally, it urged the ...

CommexFX

EUR/USD The EUR rose 0.12% against the USD and closed at 1.2953, after the ZEW economic sentiment index in Germany, Euro-zone’s biggest economy, dropped lesser than expected to 6.9 this month. Meanwhile, the Euro-zone’s economic sentiment further deteriorated to 14.2 in September, lower than market ...

CommexFX

EUR USD The EUR rose 0.63% against the USD and closed at 1.2918. Yesterday, the ECB in its first of eight Targeted Long Term Refinancing Operations (TLTROs) to be carried out between 2014 and 2016, allocated €82.6 billion to 255 counterparties at a fixed interest rate of 0.15%, less than market cons...

CommexFX

EUR/USD The EUR traded marginally lower against the USD and closed at 1.2847, after the manufacturing PMI in Germany, Euro-zone’s biggest economy dropped to 50.3 in September . In the US, the manufacturing PMI remained steady at 57.9 in September, compared to market expectations of a rise to 58.0. M...

CommexFX

EUR/USD The EUR rose 1.12% against the USD and closed at 1.2652. On the macro front, the Sentix consumer confidence in the Euro-zone eased for the third consecutive month in October to -13.7, registering its lowest level since May 2013. The pair is expected to find support at 1.2525, and a fall thro...

CommexFX

EUR/USD The EUR rose 1.38% against the USD and closed at 1.2819. On the macro front, Germany’s final consumer price index advanced 0.8% on an annual basis in September, at par with market expectations. In the US, advance retail sales fell 0.3% on a monthly basis in September, exceeding market expect...

CommexFX

EUR/USD The EUR declined 0.07% against the USD and closed at 1.2810. In economic news, the Euro-zone’s consumer price index (CPI) rose 0.4% on a MoM basis in September, at par with market expectations. The US Dollar traded on a higher footing after the initial unemployment claims in the US surprisin...

CommexFX

EUR/USD The EUR rose 0.44% against the USD and closed at 1.6158. In economic news, producer prices in Germany stagnated on a monthly basis in September, following a decline of 0.1% recorded in August. The ECB Vice President, Vitor Constancio stated that the central bank needs to continue with its ac...

CommexFX

EUR/USD the EUR declined 0.62% against the USD and closed at 1.2475. Germany’s services PMI expanded less than expected to 54.4 in October, against market expectations for a level of 54.8. indicating a worsening situation in the nation’s economy. Meanwhile, the region’s monthly retail sales retreate...

CommexFX

EUR USD EUR/USD’s fall extended to as low as 1.2357 last week but formed a temporary low there and recovered. Initial bias is neutral this week for some consolidations. But upside of rebound should be limited well below 1.2886 resistance and bring fall resumption. Below 1.2357 will target 61.8% proj...

CommexFX

EUR/USD The EUR rose 0.40% against the USD and closed at 1.2474. In the US, the NFIB small business optimism index rose to a level of 96.10 in October, compared to a level of 95.30 registered in the previous month. Meanwhile, the nation’s Redbook index on a yearly basis recorded a rise of 3.80% in t...

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