A release of better that expected data on the US ISM Non-Manufacturing PMI led to sharp appreciation of the buck against the common European currency and resulted in a breakout from two junior ascending channels. An active recovery of...
<img class="wp-image-2138 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/11/Screen-Shot-2017-11-03-at-6.22.41-PM.png" alt="" width="630" height="445" />A long awaited decision to raise the interest rate led to 110 points depreciation of the Sterling against the Dollar. Initially, the bottom trend-line of a dominant ascending channel managed to halt...
<div class="MN_div"> <div class="MN_content"> <img class="wp-image-2134 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/11/Screen-Shot-2017-11-03-at-6.20.16-PM.png" alt="" width="766" height="507" />The US President Donald Trump named Governor Powell as the new Fed Chair yesterday. However, markets showed little response to this decision, as it was widely expected. The...
As the FOMC Meeting did not bring any unexpected news, the surge of the rate was limited. In other words, the pair once was stopped by resistance barrier at the 114.24 level. The fully-fledged rebound did not happen as...
<div class="MN_div"> <div class="MN_content"> <img class=" wp-image-2117 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/11/Screen-Shot-2017-11-02-at-6.27.37-PM.png" alt="" width="690" height="463" /> Contrary to expectations, none of the yesterday’s fundamental events led to notable price movements. In other words, the currency rate remained in a limbo between resistance...
As apparent on the chart, the sluggish Canadian GDP data release mid-Tuesday pushed the pair back in the channel up which was breached earlier in the session. However, the pair’s failure to move past the 1.29 mark for several...
<div class="MN_div"> <div class="MN_content"> <img class=" wp-image-2109 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/10/Screen-Shot-2017-10-31-at-6.00.49-PM.png" alt="" width="661" height="462" />The first arrests made in result of Robert Mueller’s investigation as well as anticipation of the upcoming interest rate hike helped the pair to prematurely break through...
<div class="MN_div"> <div class="MN_content"> <img class=" wp-image-2104 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/10/Screen-Shot-2017-10-31-at-5.58.36-PM.png" alt="" width="776" height="547" /> On Tuesday, the Bank of Japan left the interest rate, target inflation and core inflation forecast unchanged. In other words, they still amount to -0.1%, 2%...
<div class="MN_div"> <div class="MN_content"> <img class="wp-image-2101 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/10/Screen-Shot-2017-10-30-at-5.04.42-PM.png" alt="" width="859" height="607" />From technical perspective, the pair had all means to reach the bottom trend-line of a dominant ascending channel. A release of better than expected information about the US...
As the FOMC Meeting did not bring any unexpected news, the surge of the rate was limited. In other words, the pair once was stopped by resistance barrier at the 114.24 level. The fully-fledged rebound did not happen as...
