Eno Eteng (MSTA)
Eno Eteng (MSTA)
Eno is a certified financial technician and member of the UK Society of Technical Analysts. He loves to trade and write about stocks, Forex, and CFDs. Since 2009, he has consulted several financial companies as a trader and strategy developer. His work can be seen on several forex blogs and trading educational websites.

Positive US Data Keep the USD Index (DXY) Pushing Towards 91.00

The US Dollar Index (DXY) retains its bullish bias for the day, after the Fed’s preferred inflation barometer, the Core Personal Consumption Expenditures (PCE) Price Index, came in unchanged at 1.5% in January (annualized). This figure was slightly higher than the 1.4% expected by the markets.  Furthermore, the drop in […]

USD/SEK Rises 1.12% After Poor Swedish GDP Data

The Swedish Krona took a hit this Friday, after a contraction in the Swedish economy in the 4th quarter of 2020. Data from the Statistics Office in Sweden show that Gross Domestic Product (quarterly) fell 0.2% in Q4 2020, compared with a 4.9% increase in Q3 2020. When compared with […]

USD Index Could Decline Below 89.00 On Pending Home Sales Slump

The USD Index (DXY) extended its intraday decline after US Pending Home Sales fell sharply in January. Data released by the National Association of Realtors showed that Pending Home Sales dropped 2.8% in January, which was worse than the market consensus of a 0.2% increase. The previous month showed an […]