News

*Portugal May Inflation 1.2% Vs. 0.6% In April

Portugal May Inflation 1.2% Vs. 0.6% In April The material has been provided by InstaForex Company - www.instaforex.com ...more

Eurozone Industrial Production Growth Accelerates In April

Eurozone industrial production growth accelerated in April, data from Eurostat showed on Monday. Industrial production grew 0.8 percent on a monthl ...more

Commerzbank expects gold to rise to $2,000/oz by end of 2021 – Reuters

Read more on https://www.fxstreet.com ...more

USD/CAD drops below 1.2150 as oil continues to push higher

Read more on https://www.fxstreet.com ...more

*Eurozone Apr Industrial Output Up 39.3% Annually Vs. 11.5% In Mar, Consensus 37.4%

Eurozone Apr Industrial Output Up 39.3% Annually Vs. 11.5% In Mar, Consensus 37.4% The material has been provided by InstaForex Company - www.ins ...more

*Eurozone Apr Industrial Output Rises 0.8% On Month Vs. 0.4% In Mar, Consensus 0.4%

Eurozone Apr Industrial Output Rises 0.8% On Month Vs. 0.4% In Mar, Consensus 0.4% The material has been provided by InstaForex Company - www.ins ...more

Forecasts

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.39; (P) 109.62; (R1) 109.91; More… Outlook in USD/JPY is unchanged. Intraday bias stays neutral and risk remains on the d ...more

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8943; (P) 0.8971; (R1) 0.9010; More…. USD/CHF is staying in consolidation from 0.8925 and intraday bias remains neutral fir ...more

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2069; (P) 1.2131; (R1) 1.2169; More… Intraday bias in EUR/USD remains mildly on the downside, as fall from 1.2265 could ext ...more

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.4078; (P) 1.4131; (R1) 1.4167; More… GBP/USD is holding above 1.4072 support despite breaching briefly. Intraday bias remai ...more

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2069; (P) 1.2131; (R1) 1.2169; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.226 ...more

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.4107; (P) 1.4143; (R1) 1.4211; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, su ...more

Technical Analysis

European shares end the day with mixed results

Some of the major indices are higher and a few are lower The major European indices are ending the day mixed In the European debt market, the ben ...more

USDJPY works it's way into swing area

The 108.36 to 108.47 is a swing area ahead of the high from last week The USDJPY has moved into a swing area defined by highs on September 18, Septemb ...more

The EURUSD is lower but supported below

The 1.1000 level is still key The EURUSD is lower but has seen up and down price action. The pair is off the low for the day at 1.1012 (currently trad ...more

US stocks are open with modest declines

Down on the day but off pre-market low levels too The US major indices are open and the major indices are trading down marginally. The snapshot is sho ...more

GBPUSD takes back about 38.2% of the move up last week

Him him Tested the 200 day MA last week.   The GBPUSD has taken back nearly 38.2% of the sharp move higher on Brexit hopes.  That hope ...more

Aussie falls further as risk assets see added pressure on the day

AUD/USD drops to a session low of 0.6764 ForexLive Notably, price is falling towards a test of the key hourly moving averages near 0.6748-59 now as se ...more

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