Windsor News & Research Blog - Forex & CFD Market Analysis

The pair fell some 50 pips in an immediate reaction on US NFP surprise and upbeat Canada’s employment figures. Data on Friday showed that US job growth reached levels close to stall, as the economy created only 20K new jobs in Feb, falling…
Read More...

WTI oil price fell over 1% on Friday as weak China’s data (Feb exports -20.7% vs -4.8% f/c, the biggest drop in three years) soured sentiment, adding to renewed fears about global growth slowdown that would likely impact oil demand and…
Read More...

The Aussie dollar is a tad higher in European trading on Friday dipping to 0.7003 low in Asia, driven by weak China’s data that further soured risk sentiment. The pair cracked Thursday’s low (0.7005) but faces strong headwinds from…
Read More...

The pair accelerated lower on Friday after downbeat China’s export data and significant narrowing of trade surplus revived worries of global growth slowdown and sparked fresh risk aversion. Fresh bears surged through strong support at…
Read More...

Cable consolidates above strong supports at 1.3050 zone (converged 20/30SMA’s) approached on Thursday’s bearish acceleration through pivotal 1.3129 Fibo support (38.2% of 1.2772/1.3349 rally) that resulted in daily fall of 0.65%.…
Read More...

The Euro trades near fresh multi-month low at 1.1176 (the lowest since June 2017), posted after strong fall on Thursday. Dovish tones from the ECB which delayed its first rate hike after crisis to 2020, cut economic forecast and…
Read More...

WTI oil price stands at the front foot on Thursday as sentiment improved and positive impact from OPEC production cut and sanctions on Venezuela and Iran offset negative effect from record US oil output and unexpected strong rise in crude…
Read More...

Cable trades within tight range in early Thursday, following two consecutive long-tailed Dojis (Wed/Tue) which signaled directionless near-term mode in absence of Brexit deal breakthrough. Traders eye 12 Mar parliamentary vote on PM May’s…
Read More...

The Euro holds in directionless mode for the second day, awaiting release of ECB’s policy review, due later today. The single currency turned neutral on Wednesday and daily action ended in long-legged Doji, signaling indecision and looking…
Read More...

WTI oil price dipped to $55.80 on Wednesday, following double rejection at $57 zone on Mon/Tue, pressured by unexpected rise in US crude stocks (API report on Tuesday showed build of 7.9 mln bls compared to last week’s 4.2 mln bls draw) and…
Read More...