Forex.ee: Daily economic news digest | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Historical News data and news trading 5 replies

European News vs US News 6 replies

The Digest 29 replies

W.D. Gann Article - From 1909 Issue of The Ticker & Investment Digest 1 reply

Attachments: Forex.ee: Daily economic news digest
Exit Attachments

Forex.ee: Daily economic news digest

  • #321
  • Feb 24, 2017 4:39am Feb 24, 2017 4:39am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Friday, February 24th

The EUR/USD pair extends its recovery from 1-1/2 month lows, posted just a few pips below 1.05 level on Wednesday, and now is trading at 1.0598 spot. Pair’s strong recovery could be explained by lack of details on Trump’s “phenomenal” tax reforms in recent US Treasury Secretary S.Mnuchin’s speech, that has only intensified sell-off around the dollar. Moreover, recent FOMC Meeting Minutes, classified by market as dovish in response to lack of any indicators on Fed rate hike’s date, continue to fuel broad dollar’s retreat. However, growing concerns over French elections and economic situation in Greece are limiting pair’s further gains. Today the docket of Eurozone will keep silence, while the US economy will publish only New Home Sales report during NY trades, so the pair will continue to follow global markets sentiments until the US release.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-09.jpg Size: 301 KB
  • #322
  • Feb 27, 2017 5:11am Feb 27, 2017 5:11am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Monday, February 27th

The GBP/USD pair is extending its bearish pattern at the start of a new week, stepping below the level of 1.23. Today the pound once again is losing ground on weekend’s headlines, citing that UK PM T.May and First Minister of Scotland N.Sturgeon are preparing to trigger a new Scotland independence referendum in March, straight away after implementing Article 50. Moreover, recent news from UK has provoked huge wave of risk aversion sentiments across the market, additionally weighing the pound. Today another portion of the US data set will be able to bring fresh trading opportunities later during NA session, while tomorrow’s D.Trump’s speech before Congress will remain eagerly eyed for any clarity over his further fiscal policy.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-10.jpg Size: 244 KB
  • #323
  • Feb 28, 2017 5:20am Feb 28, 2017 5:20am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Tuesday, February 28th

The EUR/USD was unable to hold its recovered positions, falling back to 1.0590 area, ahead of US president’s address to the Congress. Yesterday the dollar staged a solid comeback following D.Trump’s comments regarding his upcoming speech. The US president stressed that key topics that will be discussed at today’s address to the Congress will be fiscal spending plans. According to his comments the US will significantly increase defense spending (+10%). Moreover, D.Trump also said that he will make an important announcement on infrastructure during his today’s speech. Additionally, the latest opinion polls are showing that E.Macron is taking a lead in French election race, outperforming far-right M.Le Pen, thereby offering some support to EUR bulls. Today all eyes will be focused on US president’s speech and US macro data, while EU docket will keep silence during this Tuesday.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-11.jpg Size: 337 KB
  • #324
  • Mar 1, 2017 5:06am Mar 1, 2017 5:06am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Wednesday, March 1st

And another solid comeback was staged by the EUR/USD pair yesterday after crucial speech of the US president before Congress. On Tuesday the dollar caught fresh wave of bids after D.Trump delivered his speech, talking about tax reform, infrastructure spending and higher military spending, however, bringing lack of details on his further plans. The level of expectations was set up very high, but no clues on when or how all changes would be performed were given during US president’s address to Congress. Moreover, March’s rate hike is back on the table, as San Francisco Fed’s president J.Williams has reignited expectations of interest rate increase on Fed’s next meeting, with positive outlook on the US economy and comments, that he doesn’t see any need to postpone rate hike. Currently the pair continues to trade in a red territory, as markets are still digesting latest Trump’s rhetoric. Looking ahead, now attention turns toward macrodata, with Manufacturing PMIs from both sides and German labor market reports.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-12.jpg Size: 151 KB
  • #325
  • Mar 2, 2017 5:28am Mar 2, 2017 5:28am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Thursday, March 2nd

The EUR/USD pair corrects higher in early Europe after strong decline, seen yesterday. On Wednesday the pair came under bearish pressure after Federal Reserve board member L.Brainard delivered her speech, stressing that the US economy has almost reached its inflation and employment target levels, so Fed interest rate increase at upcoming FOMC meeting will be reasonable. Additionally, speculations around M.Le Pens win in French elections are also weighing the common currency as of late, thereby limiting any attempts of the pair to recover its ground. Today only Eurozone flash CPI data will be able to determine next leg of directional move of the pair, as the US event calendar contains only second tier data for this Thursday.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-13.jpg Size: 298 KB
  • #326
  • Mar 3, 2017 5:09am Mar 3, 2017 5:09am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Friday, March 3rd

The EUR/USD pair eases part or its recovered positions from its weekly lows, marked yesterday at 1.0495, as euro bulls apparently are out of steam as of late. Yesterday the pair managed to bounce off from its key support level of 1.05 and recover some ground, as strong risk-off sentiments supported the euro somewhat. Additionally, seems that traders are performing some profit taking actions in USD longs especially in light of another wave of Fedspeaks, scheduled on NA session. Now all focus remains on the bloc of local EU service PMIs and final Eurozone’s services PMI report, scheduled on European session, while US ISM Non-Manufacturing PMI and speech of Fed Chair J.Yellen will take center stage during NY trading session.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-14.jpg Size: 243 KB
  • #327
  • Mar 6, 2017 5:29am Mar 6, 2017 5:29am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Monday, March 6th

The EUR/USD pair steps higher in early Europe in wake of strong risk-off sentiments across the market after brief pull back during Asia. However, seems that US bulls are fighting hard for the control over the pair, as the market is still digesting recent J.Yellen’s speech, in which she admitted that rate hike at upcoming committee meeting would likely be appropriate, however, noting that the final decision will depend on employment and inflation data. On the other hand, investors react negatively on Swiss CB member’s comments, that M.Le Pen will likely win in presidential race, thereby fueling speculations around French elections. Nothing much is scheduled for this Monday in data calendar from both sides, so the pair will keep following global market’s sentiments to determine its further direction.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-15.jpg Size: 235 KB
  • #328
  • Mar 7, 2017 5:16am Mar 7, 2017 5:16am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Tuesday, March 7th

The EUR/USD pair is attempting to recover from its overnight lows, located at 1.0573, but still keeps its range below the 1.06 level. Yesterday bid tone around the greenback picked-up pace across the market, fueling a fresh bout of selling interest behind the EUR/USD, as traders have started to price in Fed rate hike on the upcoming committee meeting. However, ongoing risk-off sentiments, fueled by geopolitical tensions surrounding North Korean missiles launch as military exercises with a view to a possible strike against US military bases in Japan, continue to support the common currency. Now immediate focus turns on EU GDP reports, while the US calendar remains data quiet this Tuesday. Besides, growing expectations of March Fed rate hike and developments surrounding French elections will also have a significant impact on the pair during this trading session.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-16.jpg Size: 338 KB
  • #329
  • Mar 8, 2017 5:20am Mar 8, 2017 5:20am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Wednesday, March 8th

The EUR/USD pair extends its bearish slide for the third session in a row, refreshing this week’s lows at 1.0551 spot, in wake of broadly higher the US dollar. However, any sharp movements are unlikely today, as cautious sentiments are gathering pace in wake of upcoming ECB Interest Rate Decision, that is due tomorrow. On the other hand, expectedly that the ECB will leave its rate unchanged, while probability of March Fed rate hike has increased up to 90%. Such divergence between Fed’s and ECB’s monetary policies is additionally weighing the pair. Moreover, recent opinion polls in France showed that far-right candidate Marine Le Pen continues to hold leading positions in presidential elections, thereby intensifying concerns around the EUR. Today traders’ attention will be focused on ADP Nonfarm Employment Change, while USD price dynamics and developments surrounding French elections will continue to drive the pair this Wednesday.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-17.jpg Size: 187 KB
  • #330
  • Mar 9, 2017 5:17am Mar 9, 2017 5:17am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Thursday, March 9th

The EUR/USD pair bounced off its recent lows, marked at 1.0525 spot in early Europe, and now is trading around mid-point of 1.05. The major currency pair is staying directionless, as traders are remaining in anticipation of key risk event of this day – the ECB monetary policy decision, with following ECB President M.Draghi’s conference. Expected that the ECB will keep its rate and QE program unchanged, while any monetary policy outlook improvements, considering growth of inflation and solid manufacturing data, will be able to determine next legs of directional move for the pair. Moreover, today besides ECB meeting, the EU Summit will also take place, where main themes for the discussion will be Greece and Brexit.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-18.jpg Size: 210 KB
  • #331
  • Edited 5:35am Mar 10, 2017 5:19am | Edited 5:35am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Friday, March 10th

The EUR/USD remains firmer today on yesterdays M.Draghis talks. Yesterday as it was widely expected the ECB left its interest rate unchanged, while following ECB President M.Draghis comments during his Press Conference appeared less dovish, strongly supporting the euro across the board. Draghi noted that he does not see any need of further monetary policy easing, thereby hinting on recovery of the Eurozone economy. Moreover, softer sentiments around the US dollar in wake of profit-taking actions is also supporting the pair today. However, further gains remain capped amid broad cautious sentiments ahead of key event of this Friday NFP. However, now immediate focus remains on second round of the EU summit, that will be able to provide the market with fresh clues on Brexit and developments around Greek economy.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-19.jpg Size: 300 KB
  • #332
  • Mar 13, 2017 6:03am Mar 13, 2017 6:03am

Daily economic digest from Forex.ee

Stay informed of the key economic events

Monday, March 13th

The EUR/USD pair eases from its daily highs, marked above the level of 1.07, after significant rally, performed despite better than expected Friday’s jobs report. Dollar’s weakness can be explained by the fact that market participants had already priced in positive numbers of NFP, while hourly wages came out below estimates. On the other hand, further pair’s growth looks fragile, as better-than-expected Payrolls once again showed green light for March Fed rate hike. Moreover, increased odds for M.Le Pen’s win at French election race are weighing the common currency, as Le Pen’s win in elections might lead to France’s exit from the EU. Today all eyes will be focused on ECB President M.Draghi’s speech, while main risk event of this week remains the FOMC decision, scheduled on Wednesday.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-20.jpg Size: 200 KB
  • #333
  • Mar 14, 2017 5:52am Mar 14, 2017 5:52am

Daily economic digest from Forex.ee

Stay informed of the key economic events

Tuesday, March 14th

The EUR/USD pair is extending its bearish trend after brief consolidation, seen in Asia. The major currency pair has reversed part of its last week’s gains, triggered by solid sell-off around the dollar, and now is trading in 1.0640 region, as traders continue to price in interest rate increase on the upcoming FOMC meeting. Tomorrow’s Fed rate hike is a done deal, while investors will closely watch for any clues on further Fed monetary policy tightening. Looking ahead, today Germany and Eurozone will publish its ZEW Economic Sentiments, while US will release Producer Price Index, that is due later in NA session.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-21.jpg Size: 144 KB
  • #334
  • Mar 15, 2017 6:17am Mar 15, 2017 6:17am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Wednesday, March 15th

The pound performs huge swings vs. its American counterpart at the opening of European trades for the second day in a row, that can’t be explained by any fundamental catalysts. Yesterday around the same time the GBP/USD pair fell for about 80 pip, refreshing its two-month lows, while today the pair performed the opposite swing, gaining more than a dollar and refreshing its seven-day highs at 1.2255 level. The only explanation of such big moves could be that someone opened very large order in lowered liquidity conditions in a transitional moment, when the market was shifting from Asian session to European. However, further gains are restricted as market’s participants remain cautious ahead today’s FOMC meeting. On the other hand, the pound finds extra support from the latest news, that UK PM T.May is ready to trigger Article 50 by the end of this month, as it was planned previously. Moreover, recent opinion polls showed that 57% of Scots want to remain in the UK, that is also positively affecting the pair. Today all eyes will be focused on FOMC Interest rate decision, while UK data from labor market and bloc of US reports will also be able to bring some short-term trading opportunities to investors during this Wednesday.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-22.jpg Size: 152 KB
  • #335
  • Mar 16, 2017 6:21am Mar 16, 2017 6:21am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Thursday, March 16th

The EUR/USD pair is retreating from its post-FOMC 5-week highs, marked on Wednesday at 1.0746 level. Yesterday the dollar fell sharply against basket of its main competitors, as market’s participants remained unimpressed by neutral stance from the FOMC at its meeting. By the time of the announcement of meeting results investors had already priced in Fed rate hike, while committee left its economic projection steady, thereby lifting the pair for more than 100 pips. Moreover, rumors, appeared due to dovish economic statement, that the Fed will increase its interest rate only once this year instead of two hikes, discussed previously, are additionally weighing the dollar across the board. Today the pair will continue to retreat from its recent tops, as the dollar is correcting higher vs. its main competitors and traders are performing profit-taking actions after major rally, seen yesterday, while the US economic calendar will also be able to bring some impact to the pair later during NY trades.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-01.jpg Size: 235 KB
  • #336
  • Mar 17, 2017 6:09am Mar 17, 2017 6:09am

Daily economic digest from Forex.ee

Stay informed of the key economic events

Friday, March 17th

The EUR/USD pair stepped away from its 6-week highs, posted at 1.0782 mark this morning, however, is still remaining firmer at the end of this week. Yesterday the pair caught another wave of bids, as market reacted in favour of EUR on far-right candidate G.Wilder’s failure on Dutch presidential election race, thereby easing somewhat political concerns surrounding the Eurozone. Moreover, the pair received additional bullish momentum on the back of hawkish comments from the ECB member E.Nowotny, who noted that the EU Bank is also ready for further monetary policy tightening, but it may differ from Fed measures. Today after highly volatile week the economic calendar remains silent, leaving the pair at the mercy of global market’s sentiments, driven by recent crucial events.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-03.jpg Size: 344 KB
  • #337
  • Mar 20, 2017 6:02am Mar 20, 2017 6:02am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Monday, March 20th

The EUR/USD pair remains positive at the start of this week amid broadly based greenbacks sell-off. The pair regains its region of five-week highs, reached during last trading session at 1.0782 spot, as the US currency is still broadly weakened by recent less hawkish Feds outlook on its interest rate. Moreover, news that E.Macron keeps leading in the French election race are also supporting the common currency. Nothing much is scheduled in data calendar from both sides, so USD price dynamics will remain as a key driver for the EUR/USD at the start of this week.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-04.jpg Size: 277 KB
  • #338
  • Mar 21, 2017 6:02am Mar 21, 2017 6:02am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Tuesday, March 21st

The EUR/USD pair met fresh bids in Asian trading session on news that centrist E.Macron has strengthened its leading positions in French election race. Today it became known that E.Macron won the first Presidential debates, strongly outperforming far-right candidate M.Le Pen. This news reduced fears around M.Le Pen’s promises of Frexit and bringing back French franc in case of her victory in the elections. Today EU data calendar remains absolutely empty, while US docket contains only secondary data releases, so the pair will continue to follow global market’s trend, based on recent economic and political events from both sides.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-05.jpg Size: 187 KB
  • #339
  • Mar 22, 2017 6:22am Mar 22, 2017 6:22am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Wednesday, March 22nd

The EUR/USD pair keeps its positive mood on Wednesday, staying in the region of 1.08. The euro continues to benefit from various opinion polls, that are predicting E.Macron’s win at French election race, outperforming its far-right anti-EU competitor M.Le Pen. Moreover, the euro is getting additional support from risk-off market profile, allowing the pair to refresh its daily tops at 1.0818. Looking ahead, today only data from the US housing market will be able bring some impetus to the pair, so broad risk-off moods will continue to drive the market this Wednesday.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
  • #340
  • Mar 23, 2017 6:10am Mar 23, 2017 6:10am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Thursday, March 23rd

The EUR/USD pair failed to hold its recovered positions and fell back in early Europe to the region of its overnight lows, marked at 1.0782 spot, amid improved risk-on sentiments. However, pair’s further downside traction appears fragile, as cautious sentiments ahead of the Trumpcare bill vote are getting stronger, thereby providing the euro with some support. If the bill is not be approved by Congress, then it will raise concerns about D.Trump's ability to fulfill his election promises, which will become a key driver in the market in the mid-term projection. On the other hand, if Obamacare does not survive the vote, it will encourage investors to think about prospects of further fiscal reforms, that will return risk-off trend to the market. However, news that E.Macron widens the gap on the French presidential election race, leaving M.Le Pen behind, are positively influencing the euro lately. Looking ahead, today data from US housing market and few Fedspeaks will also be able to attract traders’ attention later in NA session.

Click here to see all current market developments.

The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!

Your European ECN-broker,
Forex.ee
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Economic Digest-07.jpg Size: 327 KB
0 traders viewing now