2019 Forex market trends is expected to be volatile at least until the middle of the Year due to some important uncertainties.
The Euro fell against the US Dollar yesterday, as better than expected data leaned in the greenback’s favor. Following is the daily EURUSD analysis.
The XAUUSD pair fell sharply on Thursday and the bearish pressure gathered strength below the $1300 handle to drag the pair towards $1290.
The US Dollar came under selling pressure after FOMC Meeting’s Minutes showed that policymakers confirmed the ‘the patient’ stance recently adopted.
EURUSD tanked below 1.1250 following dovish comments from the ECB after its decision to leave rates unchanged
The upbeat sentiment around Crude oil remains unabated so far this week, lifting prices of the barrel of WTI beyond the 64 handle.
EURO is expected to be volatile this week having high impact economic reports and events to be held which could impact EURUSD.
The weekly Forex fundamental expectations is dominated by the FOMC minute, which will be held this week, any dovish Statement from FED would weaken USD.
GBP could rise by 3% or tumble by 5% according to a Reuter poll. Is there a third option? What are the technicals saying?
Gold prices are on the bid for the third straight day as the USD remains in the defensive ahead of the Fed meeting. The following gold price rally explains
Litecoin's growth hit 100% in 2019 so far and there is room for more. Will Litecoin be a a good alternative to Bitcoin or even replace it?
More volatility is expected on GBP pairs head of Wednesday and Thursday 'no-deal' brexit vote. The MPs will also vote on a possible Brexit deal extension.