feedback
The FxPro Analyst Team

U.S. building activity is worryingly on the back foot

The US building activity is worryingly on the back foot at the moment. The data published some minutes ago saw growth of the Housing Starts for July by just 0.9% against the expected 7.4%, all after seeing a big dip by 12.9% in the month before. The building activity is a useful indicator of the housing market and often reflects the consumers’ confidence in economic expectations. Sudden weak data put some pressure on the Dollar, allowing EURUSD to continue its second day recovery, after ...

The FxPro Analyst Team

Midday EURUSD roundup

The single currency has added to the dollar on Thursday morning. EURUSD is trading near 1.1380 attempting to gain above the support at the 1.13 level it reached yesterday. Bearish: The weak data of the wholesale prices in Germany are also stocking up against the Euro at 0.0% with the expected +0.5%, alongside the four months of the eurozone’s foreign trade surplus decline. Bullish: the Euro got support on the back of the announcement of trade talks between China and the U.S. Next focus on: ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets are on the rise due to Turkey and China positive news

Markets are on the rise on Thursday morning on the news about the U.S.-China trade talks later this month. As a result, Asian bourses have stabilized: MSCI adds 0.3% after a decrease of 1.1% on Wednesday. The Chinese offshore yuan adds about 1% on Thursday morning and trades at 6.875 after reaching 18-month lows to the dollar overnight. The central bank of Turkey decided not to raise the key rates but had limited the possibility of speculative attack on lira. As a result, its course rose by 19% ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets decline resumes, dollar updates its 14-month highs

The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a China's claim to the WTO about US tariffs on renewable energy imports and subsidies to their own producers; Turkey has put obstruction duties on a number of goods from the United States, including passenger cars, and has announced a boycott of American electronics. On Wednesday morning, the markets are again under pressure on new episodes of U.S. trade ...

The FxPro Analyst Team

FxPro Forex Analysis: Profit-taking after big sell-off helps markets on Tuesday

There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start of the week. On Monday afternoon there was a cautious demand for some risky assets, as investors considered recent sell-off as gone too far. However, investors should be cautions. The key problems that have caused pressure in the markets are still unresolved, which means that a new wave of flight from risks is likely to be in the near future. EURUSD is trading ...

The FxPro Analyst Team

FxPro Forex Analysis: Toxic Turkish lira can push euro to $1.04

The collapse of the Turkish lira spreads its toxic influence on the European and EM financial markets. Asian bourses have been losing more than 1% at Monday morning amid the increased demand for safe-haven assets. The futures on S&P500 lose 0.1% at the start of Monday trades, falling for the fourth trading session in a row. In addition, most of the emerging countries’ currencies, including the Mexican peso and the South African rand, are under pressure. The Turkish lira has lost 11% to 7.11 per ...

The FxPro Analyst Team

FxPro Forex Analysis: The dollar has a potential of 5% rally, even if Trump does not like it

The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of the US currency from the current levels would mean the end of the consolidation period, which has lasted since May, when the index has fluctuated in a relatively narrow range. The way out of this range can start a new stage of the American currency strengthening, as it was in April-May. The repetition of the spring rally is able to send the dollar ...

The FxPro Analyst Team

FxPro Forex Analysis: Hot August for currency markets

This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes, this time result in increased volatility. So far we have seen this in the EM currencies that have been subjected to sanctions or tariffs from the United States. However, the British Pound is also in the camp of suffered currencies. More “hard” Brexit than it was expected earlier causes the weakening of sterling. Since the ...

The FxPro Analyst Team

FxPro Forex Analysis: Dollar consolidates expecting possible rally

Financial markets rise on positive sentiments about earnings and China’s fiscal stimulus. That pushed down the demand for USD, but more likely it is just a step back before the jump. American indices added yesterday on strong earnings reports, where tax cuts were favourable for profit. Asian indices in the morning add on speculation that China will protect local companies from the trade conflict with the U.S. through fiscal stimulus. Besides, the restrictions on speculation introduced by ...