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2021-02-11 17:47:56 ​​The Analytical Overview of the Main Currency Pairs on 2021.02.11

On Wednesday, the dollar index remained almost unchanged, decreasing just by 2 points to 90.40. Inflation data reflected a lack of progress following stimulus measures. The baseline CPI showed zero growth in January, and in annual terms, the price growth slowed to 1.4%. Despite the unclear January figures, some investors still expect price pressures to leverage in the months ahead amid renewed stimulus from the US government. And an increase in the number of vaccinations allows weakening the quarantine measures, which stimulates consumer spending. Open / Comment

2021-02-10 15:50:35 ​​The Analytical Overview of the Main Currency Pairs on 2021.02.10

On Tuesday, the market followed the previous direction in the absence of a strong news background. The euro continues to rise against the dollar, although the growth of assets on the weekly balance sheet of the ECB has doubled. The data on the German trade balance, which has shown a slight acceleration of growth, partially supports the bulls. The US and Germany inflation data will be released today, but they can hardly change anything in the dynamics of the market since central banks do not see the opportunity to change interest rates in the foreseeable future. Open / Comment

2021-02-09 13:30:59 ​​The Analytical Overview of the Main Currency Pairs on 2021.02.09
On Monday, the dollar continued to lose ground amid the disappointment of traders regarding data on the labor market and expectations of a new injection of money into the US economy. The corrective growth seems to be over. The dollar index bounced off the daily moving average SMA100 and is approaching the support level. Commodity markets, where prices have been rising for quite a long time, put additional pressure on the greenback. Open / Comment

2021-02-08 15:40:00 FOREX MARKET DAILY FORECAST 2021.02.08

On Friday, the dollar index fell sharply after the labor market report showed surprisingly low numbers. The NFP indicator showed an increase of only 49,000 against the forecast of 105,000. The negative data was partially offset by a decrease in the unemployment rate to 6.3%. But the decline in unemployment is caused by a decline in the level of the economically active population. December data was revised downwards. The American economy lost 227,000 jobs a month earlier. Open / Comment

2021-02-05 14:20:37 ​​The Analytical Overview of the Main Currency Pairs on 2021.02.05

In the light of positive expectations regarding the labor market, the dollar index continued to rise and reached 91.50 on Thursday. The week ends with the biggest gains for the USDX since late October last year. Traders are looking at how the index behaves near 91.80, where the daily moving average SMA100 is. So far, there are no signs of a pullback. The fundamentals in the US are coming out pretty positive. All the available positive data was completed by reports from the industrial sector, claiming a 1.1% increase against the forecast of 0.7%. Open / Comment

2021-02-04 14:56:13 ​​The Analytical Overview of the Main Currency Pairs on 2021.02.04

The dollar index continues to rise amid positive macroeconomic statistics. The services index, released by The Institute for Supply Management on Wednesday, accelerated growth to 58.7 from 57.7 in December. The average median forecast in a survey of economists suggested a slowdown to 56.7. Employment reports from both the ADP and the ISM also showed growth. At the same time, the services sector has recorded the largest increase within the last 11 months, which gives positive expectations to the market before the publication of the NFP release on Friday. Open / Comment

2021-02-03 14:03:28 ​​The Analytical Overview of the Main Currency Pairs on 2021.02.03

On Tuesday, the dollar index closed slightly higher. It is continuing to rise amid declining European currencies. The biggest bearish pressure is observed in the euro after the release of the GDP data. According to preliminary estimates, the contraction of the European economy was 0.7% in the fourth quarter and 5.1% in annual terms. The industrial output saw a 6.8% decline in 2020. Amid expectations of further economic contraction, the euro broke through the key support level. The dollar index consolidated above the key resistance. Open / Comment

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2021-02-02 18:53:39 ​​The Analytical Overview of the Main Currency Pairs on 2021.02.02

The dollar index rose on Monday, breaking through the SMA50 daily moving average and consolidating above it. This is the first signal of the beginning of a correction since October last year. Macroeconomic data came out good for the US and moderately negative for the Eurozone. The ISM index for the US manufacturing sector shows growth and it is higher than the indicators of the Eurozone. At the same time, the employment index in the sector is accelerating. Retail trade volume in Europe fell sharply by 9.6% in December, while the annual pace slowed to 1.5%, which served as a bearish driver for the euro. Open / Comment

2021-02-02 18:19:55 ​​Justforex Cancels All Withdrawal Fees

Dear clients
We are happy to announce the cancellation of all withdrawal fees!

If you are one of our traders, you will be able to enjoy the new policy on the permanent basis starting today. At any time and day, you can withdraw your funds at NO costs. Open / Comment