Windsor News & Research Blog - Forex & CFD Market Analysis

The dollar bounces in early Tuesday’s trading after double failure at key Fibo support at 107.76 (38.2% of 102.59/110.96) signaled formation of bear-trap pattern and generated initial bullish signal. The action is also supported by…
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Bulls are taking a breather after Monday’s failure to clearly break through important Fibo barrier at 1.2102 (61.8% of 1.2349/1.1704) and the action was capped by bear-trendline (1.2114) connecting tops at 1.2349 and 1.2242. Monday’s daily…
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The dollar is consolidating on Monday after 0.5% drop on Friday, but remains in red, weighed down by Friday’s big bearish daily candle and close below the base of ascending daily cloud. Additional bearish signal has been generated on…
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The German Ifo business climate index rose to 96.8 in April from 96.6 in March, disappointing expectations for strong rise to 97.8, the highest since May 2019. Slight improvement in business morale reflects Germany’s continuous efforts…
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Cable extended Friday’s bounce and rose above 1.39 mark in early European trading on Monday but continues to trade within daily cloud (1.3844/1.3957) which started to narrow and will twist later this week. Break of cloud top would generate…
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The Euro cracked pivotal Fibo barrier at 1.2102 (61.8% of 1.2349/1.1704) in early Monday and hit two-month high (1.2116 – bear-trendline off 1.2349 peak) in extension of Friday’s 0.68% rally (the biggest one-day advance since Feb 5). The…
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The Euro regained traction and jumped towards the tops of the range that extends into fourth straight day, following anticipated mild reaction on ECB’s decisions on Thursday. Upbeat EU PMI data signaled that the bloc’s economy was impacted…
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The EU Purchasing Managers’ Indexes for Manufacturing and Services sectors, as well as Composite Index which combines both and is seen as good guide to economic health, rose above expectations in April, signaling that bloc’s economic…
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UK retail sales surged by 5.4% in March from upwardly-revised 2.2% in February and heavily beat expectations for 1.5% rise, driven by a partial lifting of coronavirus lockdown restrictions that boosted consumer spending. Strong rise in…
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The US President Joe Biden is expected to release his plan to increase taxes on the wealthiest Americans, as a plan of the US tax system overhaul aims to make rich companies and individuals pay more to fund a childcare, education and paid…
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