Technical Analysis

GBP/USD is decreasing below 1.39, trading between hourly support and resistance and 1.3742 (16/01/2018 low) and 1.4151 (05/02/2018 high). The technical structure suggests further short-term decline. ...
Technical Analysis

EUR/USD is decreasing further, breaking hourly support at 1.2276 (14/02/2018 low) and heading to further resistance at 1.2165 (17/01/2018 low). Hourly resistance at 1.2510 (15/02/2018 high) is distanc...
Technical Analysis

The reaction to the FOMC Minutes in the US30 index was to initially rally on the positive tones coming from the Fed. However, as we have seen recently, fears about inflation took hold, sending the pri...
Fundamental Analysis

The publication of the January FOMC minutes did not affect much the FX market in the absence of any significant news. Market participants were still trying to determine whether “further gradual incr...
Fundamental Analysis

The Greenback weakened versus the Euro following the release of US existing home sales report. The EUR/USD pair increased 11 base points, or 0.09%, to hit the 1.2334 level, reflecting the decline in t...
Technical Analysis

The Pound Sterling has continued to surge against the New Zealand Dollar since the last time the pair was reviewed. However, there has been some negative development during this period. ...
Technical Analysis

Sterling has been guided by an ascending channel against its Canadian counterpart since late September 2017. The pair bounced off the lower boundary of a dominant channel on September 11 and has since...
Technical Analysis

The resistance cluster which limited a move above the 1.40 mark provided a strong barrier for the Pound on Wednesday. Thus, bears took over the market. As already expected, the pair breached the two-w...
Technical Analysis

Despite several attempts to edge lower on Wednesday, the movement of the US Dollar was guided by the 200-hour SMA. As apparent on the chart, the pair has still not reached the upper boundary of a two-...
Technical Analysis

After breaching the 200-hour SMA late on Tuesday, the yellow metal has since been moving lower. Wednesday's trading session, however, did not introduce significant changes, as the pair closed the day ...
Fundamental Analysis

The Fed is surely confident about the economy, does not matter if the stock market feels that way especially if we see the traders reaction to the FOMC minutes. The word “further” in the FOMC minu...