Forex News

EUR/USD Forecast May 20-24

From forexcrunch.com| 1 hr 28 min ago

EUR/USD suffered a second week of significant falls after euro-zone figures disappointed and the dollar kept advancing. Is the pair ready to recover or are we going to see more drops? Flash PMI’s and German Ifo Business Climate are the highlights of this week. Here is an outlook for the main events and an updated technical analysis for EUR/USD. Eurozone ...

The Euro Sell-Off & Market Forecasting

From seekingalpha.com| 8 hr ago

The key to staying on the right side of the market is in knowing how to collate the different tradable patterns in that market. Contrary to what many educators teach it is not "top-down analysis" which counts, but identifying those times when the majority of patterns are aligned. It is widely taught in technical analysis that the higher time frame trends ...

US Dollar Weekly Outlook: What’s Really Driving The Rally?

From thesensibleguidetoforex.com| 3 hr ago

Why Does The USD Rally Look Durable? The reason the rally looks durable over the coming months is that its prime drivers should remain in place. These include: Fed Hawkish Relative To Other Central Banks The short, simplified explanation is that unlike those recent years, markets are anticipating that that the Fed is moving in a direction of tightening its ...

Spot The Odd Continent Out: Total Bank Assets As % Of GDP

From zerohedge.com| 7 hr ago| 1 comment

There is a reason why in Europe, no matter how much some want to deny it, the Cyprus deposit confiscation "resolution" has become the norm. Quite simply, as BofA summarizes, "Europe's economy struggles with too many banks, too much debt and too little growth. A long history of empire, trade, war and commerce means a long history of banking. The world’s ...

Great Graphic: Diverging Growth--Is it the Euro's Fault?

From marctomarket.com| 9 hr ago

This Great Graphic was found on the Economist's blog Free Exchange in a post titled "What the euro has meant". Under the impression that the charts speak for themselves, with little analysis, the author concludes that most of the euro area would have been better off being the US or Great Britain, even in per capita terms. Seeing how obvious this is the ...