feedback
FxProUpdates

Black Friday isn’t so black for oil

Despite US investors being on holiday yesterday for Thanksgiving, the dollar has regained a little ground with the rebound coming largely at the expense of crude oil which continued its decline as traders sold Brent and Nymex causing them to plummet to new four year lows. Consumers will be rejoicing, especially since today marks Black Friday for shoppers in the US, a phenomenon that is slowly creeping ever eastwards with UK retailers jumping on the bandwagon. Risk appetite is actually suffering ...

FxProTV

FxPro Currency Check 0730 28.11.14

FxPro Currency Check 0730 28.11.14

FxProTV

FxPro Currency Check 0730 27.11.14

FxPro Currency Check 0730 27.11.14

FxProUpdates

OPEC fails to stop crude price decline

The squeeze continues for the shorts in EURUSD as it recaptured the 1.2500 level on the back of yet further weaker than expected US data. It was as if buyers of the dollar had packed up early for Thanksgiving which will take the edge of today’s trading session and will suffer from very low volumes. At the same time we approach the end of the month and many investors might be looking to avoid what could potentially see a rise in volatility as the US goes on holiday. As we mentioned yesterday, ...

FxProUpdates

FxPro Tools for Android update

Our popular FxPro Tools app for Android has undergone its first update. Version 1.1.5 includes price charts and news for individual trading instruments, as well as daily highs and lows for both the current and previous day. New quote widget for main screen allows easy to follow your favorites trading instruments.

FxProTV

FxPro Currency Check 0730 26.11.14

FxPro Currency Check 0730 26.11.14

FxProUpdates

Crude prices stuck at 4 year low ahead of OPEC

The euro’s bounce against the dollar continued yesterday as stronger GDP data from the US wasn’t enough to compete against a poor consumer confidence reading. If shorts continue to be squeezed and EURUSD crawls higher we could see more pressure on the bears with a move back towards recent highs around 1.2600, especially since the US will start to wind down for Thanksgiving tomorrow. The real test for the euro comes this Friday when CPI data is released, expected to come in at 0.7% where ...

FxProTV

FxPro Currency Check 0730 25.11.14

FxPro Currency Check 0730 25.11.14

FxProUpdates

Euro bounce may struggle to last

Yesterday showed how good old fashioned support and resistance levels should always be closely watched as EURUSD bounced off the 1.2360 level for the second time of the month. EURUSD remains a well sold currency pair (even over half of FxPro’s client positions are short according to our dashboard, at the time of writing) and is susceptible to squeezes higher so when you get a piece of data like Germany’s better than expected Ifo business climate and last week’s ZEW, you can see the Euro receive ...