EUR/USD Weekly Technical Outlook: Euro Set Up to Rally Next Week

EUR/USD Technical Highlights: EUR/USD held confluence of support on Friday As long as 12215 holds, expecting strength Major resistance arrives at 2008 trend-line, ~12450 For a longer-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The range in the euro since January has had good levels to operate off […]

What’s Next for Blockchain Technology?

Talking Points – The blockchain in 2018 and beyond..how will it impact economies? – Which Ethereum projects are worth watching this year? – What is the future for central banks, regulators, and the blockchain? DailyFX TV Presenter Sara Walker had a chance to sit down with Derin Cag, co-founder of Blockchain Age, and Brett Scott, […]

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US Dollar Next Overhead is 98.33/58

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -Focus remains towards an estimated channel top above 99.00 although I’d be aware of horizontal levels at 98.33/58 as near term roadblocks. These horizontal levels are defined by the August 2015 and March 2016 highs. There is one interesting tidbit worth mentioning regarding […]

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All Eyes on Europe for next Big Currency Moves

A volatile week of US economic data did little to answer key questions for FX markets. Attention turns to Europe for the next big market moves. Euro Forecast – All Eyes on ECB: Extension of QE, or just More Wait-and-See? The European economy continues to flail, that much can be widely agreed upon without further […]

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Euro Traders Look to US Dollar for Next Major Moves

Fundamental Forecast for Euro: Neutral The Euro surged to multi-month highs versus the US Dollar despite a fairly uneventful week for both Europe and the US. And indeed the release of official minutes from both from both the European Central Bank and US Federal Reserve’s recent meetings did little to alter market outlook. A fairly […]