Channel address:
Categories:
Economics
Language: English
Subscribers:
12
Description from channel
The official channel of Justforex broker
Subscribe to our channel to get access to excellent analytics
We offer only high-quality analytics and tools from field professionals
Here you will also find forecasts, forex news, and much more!
Ratings & Reviews
Reviews can be left only by registered users. All reviews are moderated by admins.
5 stars
1
4 stars
1
3 stars
1
2 stars
0
1 stars
0
The latest Messages 10
2021-02-25 13:54:24
The Analytical Overview of the Main Currency Pairs on 2021.02.25On Wednesday, there were short-term yet strong fluctuations amid technical problems at the Fed. Some payment systems stopped working, which caused concerns in the financial markets. The dollar was strengthening before the beginning of the American session. The functionality of the payment modules was restored, which returned the stock market to growth and the US dollar to decline. As a result, the greenback ended the day in the red. Moreover, the American currency has consolidated below the support levels, and the daily candlestick has shown “bearish engulfing”.
315 views10:54
2021-02-24 15:11:08
The Analytical Overview of the Main Currency Pairs on 2021.02.24On Tuesday, the dollar index remained almost unchanged. It has been close to the minimum values since January 22. The foreign exchange market was trading in different directions. Almost all currencies were prone to decline against the dollar as part of the pullback. The British pound sterling was again an exception. Bulls in this currency have started betting on monetary tightening. It was provoked by statements by the Bank of England about a sharp rebound in the economy after the worst recession in the past 300 years and rising inflationary expectations, which increased after the Tuesday data claiming the growth of earnings.
457 views12:11
2021-02-23 16:35:31
The Analytical Overview of the Main Currency Pairs on 2021.02.23On Monday, the dollar index continued to decline, while the euro renewed its highs this month in light of high estimates of the ease of doing business in Germany. German companies were more optimistic about the growth in economic momentum. The IFO's estimate for the next six months rose from 91.5 in January to 94.2 in February, beating economists' forecasts. The Business Climate Index also rose as companies feel the current situation improves.
502 views13:35
2021-02-22 13:44:32
The Analytical Overview of the Main Currency Pairs on 2021.02.22On Friday, the dollar index continued to decline and stopped near the support level at 90.15. Preliminary PMI data for February had a positive impact on European currencies. Despite the expected slowdown, Germany's manufacturing sector has accelerated growth to 60.6, the IHS Markit says. The index for the Eurozone also showed an acceleration to 57.7. The UK services sector surged to 49.7. While the numbers indicate continued contraction, they are close to 50, giving positive expectations for next month. As a result, the euro returned to its February highs against the dollar, while the sterling set a new annual record at 1.4050.
611 views10:44
2021-02-19 13:43:01
The Analytical Overview of the Main Currency Pairs on 2021.02.19After surprisingly high retail sales data on Wednesday and the rise of the dollar, sentiment turned sharply on Thursday. The dollar came under pressure in light of another pessimistic labor market report. The number of initial jobless claims rose to a four-week high, suggesting no progress in hiring. In addition, the manufacturing index of the state of Philadelphia slowed, showing a significant drop in business activity. The latest news is in stark contrast to the New York Fed data and speaks of uneven economic recovery in the country.
1.1K views10:43
2021-02-18 14:24:03
The Analytical Overview of the Main Currency Pairs on 2021.02.18The US retail sales surprisingly rose in January, well above economists' estimates, pushing the US dollar higher on Wednesday. According to the Commerce Department, total sales increased by 5.3% compared to a 1% decline in December. It has become the first monthly gain since September. In addition, industrial production continued to recover early this year. January production rose more-than-expected, although it remained 1.9% below pre-pandemic levels.
1.4K views11:24
2021-02-17 13:30:39
The Analytical Overview of the Main Currency Pairs on 2021.02.17On Tuesday, in the light of more positive NYES data, the dollar index bounced off the support level and continues to rise in the Asian session. The New York Manufacturing Index surprisingly accelerated growth at twice the expected rate, mainly driven by inflation. The Federal Reserve Bank of New York's general business conditions index rose from 3.5 to 12.1 a month earlier. An increasing number of companies in the state are reporting higher prices for raw materials, which forces them to set higher prices for their products.
1.6K views10:30
2021-02-16 13:43:50
The Analytical Overview of the Main Currency Pairs on 2021.02.16On Monday, in the absence of important macroeconomic data, the dollar index remained practically unchanged, falling by only 5 points. The commodity market continues to put pressure on the US currency. The rise in oil prices contributes to the growth of inflationary expectations. The yield on US 10-year bonds continues to rise. But the 2-year bonds remain at their previous lows, which negatively affects the USD.
1.8K views10:43
2021-02-15 13:31:37
The Analytical Overview of the Main Currency Pairs on 2021.02.15On Friday, the rise in the dollar index was interrupted by the US consumer sentiment indicators. The sentiment index fell to 76.2 from 79 last month, according to data from the University of Michigan released on Friday. The average forecast was a slight improvement to 80.9, but it turned out weaker than even the most pessimistic estimates. Consumers expect the year inflation to be 3.3%, the highest since July 2014. In this light, the dollar index returned to the opening level, leaving a long shadow at the top on the daily chart.
2.0K views10:31
2021-02-12 16:16:17
The Analytical Overview of the Main Currency Pairs on 2021.02.12
On Thursday, with no important macroeconomic news, the foreign exchange market traded in a calm atmosphere, and the dollar index remained practically unchanged. The data on the initial jobless claims couldn’t surprise the market. The weekly growth still remains from 750,000 to 800,000. At the same time, the number of open vacancies in the labor market is growing, which gives investors hope for a quick economic recovery.
2.4K views13:16