To begin with, a few words about the forecast for the previous week, which was a week full of speeches by senior Central Bankers globally. Forex trends were influenced by the ECB head Mario Draghi, as well as his colleagues from the Bank of England Mark Carney and Bank of Japan Haruhiko Kuroda. It goes without saying that the week would not be complete without the...
First, a review of last week’s forecast: the holiday season is approaching, which may be the cause of the diminishing stream of significant economic events. This necessarily affects the volatility of the major currency pairs, which have come close to the targets indicated by analysts, without having successfully overcome them.
- Thus, last week, the maximum range...
First, a review of last week’s forecast:
- The previous forecast for EUR/USD turned out to be quite accurate when it came to trends, but the pair’s volatility turned out to be more modest than expected. Recall that 60% of experts predicted the pair’s decline to 1.1075; the pair did indeed start its descent on Monday but turned northwards when it was still 30...
First, a review of last week’s forecast:
- As we wrote last time, whilst experts and technical analysis make predictions, it is politicians that make reality. The President of the United States Donald Trump spent the past week in Europe, causing the scandals associated with him to temporarily quiet down. This led to a lull in the financial markets, which neither...
Experts and technical analysis make predictions. Politicians shape reality and last week made this very clear. The last few days "presented" the world with several scandals related to US President Donald Trump. This was the firing of the FBI Director James Comey, the related controversy around the possible transfer of confidential information by Trump to the...
