The US economy added only 75,000 jobs in May, which is more than 100,000 less than experts predicted.
A sharp slowdown in the growth of the number of jobs in May provoked a rise in traders’ expectations that the Fed would start lowering rates in July, lowering them an additional two times before the end of the year.
However, are the experts able to correctly predict the actions of the Fed in the future? Continue reading
In the previous article I noted the formation of a technical triangle on the euro-dollar currency pair (on the chart it is a red triangle). The breakdown of the lower edge of this triangle led to the removal of euro buyers’ stops and the impulse movement down almost by one figure.
However, this breakdown turned out to be false and euro buyers were able to return the pair inside the triangle and return to the balance of supply and demand. Continue reading
The daily volatility of the euro-dollar currency pair (EURUSD) on the foreign exchange market has reached its lowest levels in the last five years.
Such a low value of the daily indicator ATR (14) was last observed in June 2014. Continue reading
The euro-dollar currency pair is in consolidation for 5 months. The consolidation range is highlighted on the daily chart with a blue rectangle and limited to the range of values 1.12145-1.15000.
But any ranges at some point end. It’s time for traders to make a decision. Continue reading
Cryptocurrency, especially Bitcoin, continues to rise in popularity despite its value’s volatility recently.
And if you are looking to use bitcoin to pay for things, you have to take due diligence in knowing how to do it, where you can spend, buy cryptocurrencies, or earn bitcoins, the best trading platform, and what the risks and advantages are. Continue reading
Congratulations to all readers of FXTAA.com with the New Year 2019 !!!
We wish you the right deals, good luck and always be on the wave of the trend !!! Love and happiness to you and your families.
The Central Bank of Russia revoked licenses from brokers – Forex Club, Fix Trade, Trastforex, Alpari Forex and Teletrade Group.
Decisions on this are posted on the website of the Central Bank of Russia. Continue reading
We wish you good luck in the market and profitable trades next year and give you this video. Continue reading
Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.
Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. Continue reading
At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. Continue reading
Yesterday we wrote on our website about the triangle formed on the US dollar index – Geometric metamorphosis of the US dollar index (USDX).
On the EURUSD currency pair, the figure of technical triangle has also formed. Continue reading
The upward trend of the US dollar in recent days has slowed down in its development. Is it just a pause in the foreign exchange market or signs of an approaching reversal?
Over the past few days, the US dollar (USDX) has been consolidating around the level formed by the previous high on the value of 96.836. Continue reading
Teresa May did not dare to bring the agreement on the withdrawal of Great Britain from the European Union to the final vote in Parliament. Voting on the transaction postponed indefinitely.
Meanwhile, a funny video was posted on the Internet, in which British actor Andy Serkis once again performed the role of Gollum (the character of the Lord of the Rings trilogy) as British Prime Minister Theresa May. Continue reading
The European Commission published on Wednesday, December 5, a plan to reduce the eurozone’s dependence on the dollar.
The fact that such a plan is being prepared, we wrote on our website – “Europe challenges dollar dominance”. Continue reading
The fall in yields on benchmark US government bonds (10-year) in the past few days has pulled down the entire long edge of the yield curve.
This led to the inversion of the yield curve for a plot of 2 to 5 years. What does this mean and when should we expect a recession in the USA? Continue reading
Trade wars and an endless stream of US sanctions force even America’s close allies to work out measures to protect their own financial systems and business.
The European Commission plans in the near future to submit its proposals for replacing the dollar in European financial transactions. Continue reading
The agreement between US and China at the last G20 summit led to a decrease in tensions in financial markets. The risk appetite led to demand, including for the single European currency. However, the long-term trend of the US dollar growth on forex is still in force.
What technical levels do traders of the EURUSD pair need to monitor in the foreign exchange market? Continue reading
The last two trading days were marked by events on the front of the British exit process from the European Union. The Brexit deal is prepared and agreed by the parties. What awaits us next?
The UK is due to leave the European Union at 23:00 GMT on Friday 29 March, 2019, after people voted by 51.9% to 48.1% for Leave in the 2016 referendum. Continue reading
The painting “Portrait of Edmond Belamy” was sold at Christieʼs for 432.5 thousand dollars. This is the first such artwork sold at auction. Initially, the lot was estimated at 7-10 thousand dollars.
Computer technology and artificial intelligence have firmly entered into our life and art. But I was always amazed at the ability of people to pay big money for something that does not exist or does not cost anything. Continue reading
The last five months, the EURUSD currency pair has been trading in a fairly wide range on the forex market.
On the pair chart, this range is highlighted with a blue rectangle and is limited to 1.13000 -1.18500. Continue reading