January 2019

The choice of a broker is the first important decision for a trader. ECN forex brokers are distinguished from other types of brokers by their business model with no conflict of interest. Unlike other business models, ECN forex brokers do…

Eurozone’s initial GDP growth estimates for the fourth quarter could put the euro in a vulnerable position when they come out on Thursday at 10:00 GMT as forecasters see the economy drying up before the start of an uncertain year. A day…

The Fed is widely expected to keep policy unchanged when it announces its decision on Wednesday, at 19:00 GMT. Even though there won’t be any updated forecasts this time, Chair Powell will hold a press conference after the event, and any…

USD/CAD lost almost 1% on Friday, reversing all the gains it gathered to close negative in the previous week. While negative momentum has somewhat slowed down on Monday, the RSI and the MACD suggest that the downside is likely to continue…

Gold had one of its best trading sessions for this year so far on Monday, reaching a fresh 7-month high of 1304.30. However, currently, the price holds marginally below this peak. The technical indicators are still located in bullish area,…

EUR/USD recorded a stunning rally on Friday, hitting the 20-simple moving average (SMA) in the daily timeframe, paring the strong losses that it posted the day before. Currently, the EUR/USD pair is trading around the 1.1400 psychological…

The next days will be an important one for the US dollar as high-level US-Sino trade talks, the policy meeting by the Federal Reserve as well as key data releases will likely determine the currency’s next turn. The Australian dollar will…

The ECB will announce its first policy decision for the year on Thursday, at 12:45 GMT. A press conference by President Draghi will follow. Markets will focus primarily on whether the language around growth will be downgraded…

The Bank of Japan will hold its first monetary policy meeting of 2019 on January 22-23, and unlike this time last year when there was a real prospect of a QE exit, policymakers will probably be discussing if or how to respond to the…

USD/CAD gained little after its freefall to one-month lows, rising slightly above the 50% Fibonacci of the upleg from 1.2781 to 1.3663 to start consolidation. In the short term the pair could see some recovery as the RSI heads towards its…