Forex Market View 2/25/2019

Forex Market ViewEURUSD traded sideways in the last session the ROC currently dwells in the positive zone.

Crude oil has gained 0.4% in the last session the MACD is currently negative.

Bitcoin has bounced upwards in the last session gaining 4% the ATR jumps into the high volatility area.

 

Gold has performed a minor correction gaining point three percent in the last session the Williams oscillator enters the positive area.

U.S. Chicago Fed National Activity Index will be released at 13:30 GMT.

Japanese leading economic index at 5:00 GMT.

U.S. Dallas Fed Manufacturing Business Index at 15:30 GMT.

 

 

President Trump said there’s a very good chance the US would strike a deal with China to end their trade war.

British Pound continues to nudge higher on expectations that a No Deal Brexit will be taken off the negotiating table.

Trade optimism offset the US data mess and allowed the Loonie to calmly follow oil prices.