May 8, the Forex market caught the Draghi comment: “ECB open to intervention in June if needed “, but as the famous quote goes: ” Buy the rumor, sell the fact “, and now it looks like a rumor and still not a promised fact, true or false we’ll see. Forex market analysis: daily and weekly forecasts Forex market analysis is a vital and inevitable part of Forex trading. We are collecting all the useful information to make. FOREX Forecasts, Analysis & Daily market News In this section of our site we publish a daily analysis of the forex market. As a rule, any trader gets into a situation where it is necessary to know the opinion of professional traders on the market situation.

Homegrown schedule event risk will be sparse in a holiday-shortened week ahead, leaving the US Dollar at the mercy of European politics once again. Liquidity will begin to drain ahead of market closures for Thursday’s Thanksgiving holiday and is likely to remain diminished into the weekend. Heading into the holiday lull, crosscurrents from Europe are likely to remain in focus. In the UK, Prime Minister Theresa May is as eurosceptic members of her own Conservative party balk at the Brexit deal she negotiated with the EU. If she is deposed and her accord with Brussels torn up, the probability of a chaotic “no-deal” Brexit will soar because there is almost certainly insufficient time to cobble together a replacement before a March deadline. Such a prospect is likely to trigger market-wide risk aversion, boosting the Greenback. Italy is another flashpoint.

The European Commission will offer its assessment of Rome’s resubmitted budget on Wednesday, which is unchanged from the one it has already pegged as violating regional fiscal rules. If that paves the way for, the Dollar may enjoy a further lift. forex trading strategy profit

November’s preliminary PMI surveys – due Friday – amounts to the most potent bit of data flow on offer. They are expected to show that manufacturing- and service-sector activity growth accelerated from October, the former for a third and the latter for a second consecutive month. forex club pavlodar reviews Markets latched on to seemingly cautious Fed rhetoric about external headwinds last week, slashing the priced-in 2019 rate hike outlook implied in Fed Funds futures and weighing on the currency. US data flow has increasingly improved relative to forecasts however.

The Fed is surely not blind to macro influences, but any negative spillover will have to make its way into the real economy before the tightening cycle is meaningfully altered. There is no evidence of this thus far. Upbeat data highlighting as much may revive hawkish speculation, offering another tailwind. --- Written by Ilya Spivak, Sr. Currency Strategist for DailyFX.com To c ontact Ilya, use the comments section below or on Twitter OTHER FUNDAMENTAL FORECASTS. Fundamental Forecast for Euro: Bearish Euro Talking Points quickly approaches the monthly-high (1.1500) as fresh comments from Federal Reserve officials sap bets for an extended hiking-cycle, but the European Central Bank’s (ECB) account of the October meeting may undermine the recent advance in the exchange rate as the Governing Council remains in no rush to remove the zero-interest rate policy (ZIRP).