GBP/JPY Clears Key Hurdles
Thanks to positive risk sentiment, consistent improvement in UK data and growing optimism over a Brexit deal, the GBP/JPY has risen about 900 pips...
British Pound Rises to 10-Week High on Higher Retail Sales
GBP/USD has posted strong gains in the Thursday session. Currently, the pair is trading at 1.3260, up 0.85% on the day. On the release...
EUR/CHF Remains Bid as SNB Retains Franc “High Value” Language
After strengthening noticeably since May, the perceived safe-haven Swiss franc has eased back a little over the past few days as risk assets rallied...
Pound Boosted by Retail Sales, EU Summit in Focus
The Pound was thrown back into the limelight today after UK retail sales unexpectedly rose in August.
UK retail sales dished out an upside surprise...
GBP/JPY Clears Key Hurdles
Thanks to positive risk sentiment, consistent improvement in UK data and growing optimism over a Brexit deal, the GBP/JPY has risen about 900 pips...
Fundamental Analysis
Oil Falls After Trump Targets OPEC
Oil fell after US President Trump targeted the Organization of the Petroleum Exporting Countries (OPEC) for not doing enough to keep crude prices low....
Fundamental Analysis
British Pound Rises to 10-Week High on Higher Retail Sales
GBP/USD has posted strong gains in the Thursday session. Currently, the pair is trading at 1.3260, up 0.85% on the day. On the release...
Fundamental Analysis
Japanese Inflation Data Unlikely to Move the Yen as Safe-Haven Flows Remain Currency’s Primary Driver
Japanese inflation data for August will be hitting the markets on Thursday at 2330 GMT. The figures are expected to confirm that the Bank...
Fundamental Analysis
Yen Trading Sideways, Japanese Inflation Report Next
USD/JPY is showing little movement in the Thursday session. In North American trade, the pair is trading at 112.17, down 0.09% on the day....
Fundamental Analysis
Sunset Market Commentary
Markets
The downtrend on global core bond markets simply continued today as risk sentiment thrived. Trading was sentiment-driven and technically inspired. Strong US eco data...
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China Unlikely to Give In to Trump’s Demands Despite New Tariffs
Trump is expected to implement the second round of tariffs on an additional USD200bn of imported goods from China either later today or...
Yield Outlook: Italy Moving to the Background and Fed Hikes to Continue
The focal point in the European bond markets over the summer has been Italy. This has resulted in downward pressure on, in particular, German...
As NAFTA Talks Enter Final Stretch, is the Loonie Set to Rally?
The US-Canada trade talks have heated up lately, with a deal by the end of this month looking increasingly more realistic. In such a...
ECB Review: For the Feinschmeckers – Part II
ECB didn't deliver new policy signals during today's meeting, which on the face of it was rather uneventful. As usual, the devil is...
Sunset Market Commentary
Markets
The downtrend on global core bond markets simply continued today as risk sentiment thrived. Trading was sentiment-driven and technically inspired. Strong US eco data...
Pound Shines after Unexpected Rise in Retail Sales
Here are the latest developments in global markets:
FOREX: British retail sales beat expectations today rising by 0.3% m/m in August, above the -0.2% forecasted, from 0.9% m/m in...
EURUSD: Breaks Above Key Resistance, Targets 1.1790/99 Region
EURUSD: The pair saw a strong price rally on Thursday opening the door for more gain in the days ahead. On the upside, resistance...
U.S Safe-Haven Appeal Diminishes
Thursday September 20: Five things the markets are talking about
It's not been easy, two and two do not add up when trading these Twitter...
USD/JPY Will Trade At 112.54
The US Dollar appreciated 0.05% against the Japanese Yen since Wednesday's session. The currency pair was located near the monthly R1 at the 112.27...
EUR/USD Analysis: Will Move Back To 1.6990
The European Single Currency appreciated 0.33% against the US Dollar since Wednesday's session. On Thursday morning, the rate was surging upwards to the 38.20%...
GBP/USD Analysis: Is At 1.3200
The British pound appreciated 0.43. % against the US Dollar since Wednesday's session. The currency exchange pair broke the resistances of the 50.00% Fibo,...
Asia Market Closing Note: Lots Of Inflexion But A Lack Of Direction
Lots of inflexion but a lack of direction
A day of inflexion in currency markets but we ended up with little direction.
Most of today was...
EUR/USD – Euro Gains Ground, Eurozone Consumer Confidence Ahead
EUR/USD has posted slight gains in the Thursday session. Currently, the pair is trading at 1.1694, up 0.28% on the day. On the release...
USDJPY Upside Breakout Still Valid
The US dollar continues to trade above the 112.00 level against the Japanese currency on Thursday, as the US ten-year Treasury yield trades at...
Sunset Market Commentary
Markets
The downtrend on global core bond markets simply continued today as risk sentiment thrived. Trading was sentiment-driven and technically inspired. Strong US eco data...
Pound Shines after Unexpected Rise in Retail Sales
Here are the latest developments in global markets:
FOREX: British retail sales beat expectations today rising by 0.3% m/m in August, above the -0.2% forecasted, from 0.9% m/m in...
EURUSD: Breaks Above Key Resistance, Targets 1.1790/99 Region
EURUSD: The pair saw a strong price rally on Thursday opening the door for more gain in the days ahead. On the upside, resistance...
EUR/CHF Remains Bid as SNB Retains Franc “High Value” Language
After strengthening noticeably since May, the perceived safe-haven Swiss franc has eased back a little over the past few days as risk assets rallied...
Pound Boosted by Retail Sales, EU Summit in Focus
The Pound was thrown back into the limelight today after UK retail sales unexpectedly rose in August.
UK retail sales dished out an upside surprise...
EUR/USD Analysis: Will Move Back To 1.6990
The European Single Currency appreciated 0.33% against the US Dollar since Wednesday's session. On Thursday morning, the rate was surging upwards to the 38.20%...
EUR/NZD 4H Chart: Daily Sell Signals
A three-month ascending channel pattern has guided the common European currency higher against the New Zealand Dollar. The currency pair bounced off the lower...
Asia Market Closing Note: Lots Of Inflexion But A Lack Of Direction
Lots of inflexion but a lack of direction
A day of inflexion in currency markets but we ended up with little direction.
Most of today was...
EUR/USD – Euro Gains Ground, Eurozone Consumer Confidence Ahead
EUR/USD has posted slight gains in the Thursday session. Currently, the pair is trading at 1.1694, up 0.28% on the day. On the release...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.16627
Open: 1.16720
% chg. over the last day: +0.06
Day's range: 1.16836 – 1.16980
52 wk range:...
GBP/JPY Clears Key Hurdles
Thanks to positive risk sentiment, consistent improvement in UK data and growing optimism over a Brexit deal, the GBP/JPY has risen about 900 pips...
Japanese Inflation Data Unlikely to Move the Yen as Safe-Haven Flows Remain Currency’s Primary Driver
Japanese inflation data for August will be hitting the markets on Thursday at 2330 GMT. The figures are expected to confirm that the Bank...
Yen Trading Sideways, Japanese Inflation Report Next
USD/JPY is showing little movement in the Thursday session. In North American trade, the pair is trading at 112.17, down 0.09% on the day....
USD/JPY Will Trade At 112.54
The US Dollar appreciated 0.05% against the Japanese Yen since Wednesday's session. The currency pair was located near the monthly R1 at the 112.27...
USDJPY Upside Breakout Still Valid
The US dollar continues to trade above the 112.00 level against the Japanese currency on Thursday, as the US ten-year Treasury yield trades at...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.16627
Open: 1.16720
% chg. over the last day: +0.06
Day's range: 1.16836 – 1.16980
52 wk range:...
USDJPY Outlook: Risk Of Reversal Increases After Repeated Failure At 112.37 Fibo Barrier
Risk of reversal is growing after bulls repeatedly failed to close above cracked Fibo barrier at 112.37 (76.4% of 113.17/109.77 descend) with Wednesday’s trading...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1678
Nothing interesting here, as only a violation of 1.1730 area will unleash a move towards 1.1835.
Resistance
Support
intraday
intraweek
intraday
intraweek
1.1730
1.1730
1.1650
1.1300
1.1840
1.1840
1.1530
1.1100
USD/JPY
Current level - 112.14
The uptrend remains...
USD/JPY Turning Down
Pivot (invalidation): 112.35
Our preference Short positions below 112.35 with targets at 112.00 & 111.85 in extension.
Alternative scenario Above 112.35 look for further upside with...
Sterling Remains Turbulent Amid EU Summit, UK Retail Sales Coming Up
Here are the latest developments in global markets:
FOREX: The dollar index is down by 0.10% on Thursday after ending the previous session practically unchanged,...
GBP/JPY Clears Key Hurdles
Thanks to positive risk sentiment, consistent improvement in UK data and growing optimism over a Brexit deal, the GBP/JPY has risen about 900 pips...
British Pound Rises to 10-Week High on Higher Retail Sales
GBP/USD has posted strong gains in the Thursday session. Currently, the pair is trading at 1.3260, up 0.85% on the day. On the release...
Sunset Market Commentary
Markets
The downtrend on global core bond markets simply continued today as risk sentiment thrived. Trading was sentiment-driven and technically inspired. Strong US eco data...
UK 100 Index Turns Slightly Higher; Indicators Confirm Bullish Bias
The UK 100 index jumped above the 50.0% Fibonacci retracement level of the upleg from 6760 to 7905, around 7333, during Wednesday’s session. Currently,...
Pound Shines after Unexpected Rise in Retail Sales
Here are the latest developments in global markets:
FOREX: British retail sales beat expectations today rising by 0.3% m/m in August, above the -0.2% forecasted, from 0.9% m/m in...
Pound Boosted by Retail Sales, EU Summit in Focus
The Pound was thrown back into the limelight today after UK retail sales unexpectedly rose in August.
UK retail sales dished out an upside surprise...
U.S Safe-Haven Appeal Diminishes
Thursday September 20: Five things the markets are talking about
It's not been easy, two and two do not add up when trading these Twitter...
GBP/USD Analysis: Is At 1.3200
The British pound appreciated 0.43. % against the US Dollar since Wednesday's session. The currency exchange pair broke the resistances of the 50.00% Fibo,...
GBPUSD Testing The 1.3200 Level Once Again
The British pound has moved back towards 1.3200 level against the US dollar after retail sales data from the United Kingdom economy came in...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.16627
Open: 1.16720
% chg. over the last day: +0.06
Day's range: 1.16836 – 1.16980
52 wk range:...
EUR/CHF Remains Bid as SNB Retains Franc “High Value” Language
After strengthening noticeably since May, the perceived safe-haven Swiss franc has eased back a little over the past few days as risk assets rallied...
U.S Safe-Haven Appeal Diminishes
Thursday September 20: Five things the markets are talking about
It's not been easy, two and two do not add up when trading these Twitter...
SNB Stands Idle, ZAR Recovers
SNB plays the same record!
Switzerland's foreign trade remained subdued in August amid weak demand from the US and Asia. Exports rose 0.6%m/m in August,...
New Zealand GDP Rises 1.0% In Q2
The U.S. dollar pulled back on Wednesday amid a slight improvement in the emerging markets. Economic data was mostly quiet from the U.S.
Consumer prices...
USD/CHF Limited Upside
Pivot (invalidation): 0.9660
Our preference Long positions above 0.9660 with targets at 0.9680 & 0.9700 in extension.
Alternative scenario Below 0.9660 look for further downside with...
Sterling Remains Turbulent Amid EU Summit, UK Retail Sales Coming Up
Here are the latest developments in global markets:
FOREX: The dollar index is down by 0.10% on Thursday after ending the previous session practically unchanged,...
KIWI Jumps After Solid Q2 GDP Numbers
The New Zealand dollar rose sharply against the greenback after the country released better-than-expected GDP numbers. In the second quarter, the economy expanded at...
SECO Upgraded Switzerland’s Economic Growth Forecast For 2018
For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 0.9675.
Yesterday, the State Secretariat for Economic Affairs...
USDCHF: Extends Price Recovery With Risk Toward 0.9719
USDCHF: The pair remains biased upside on price recovery. This is coming on the back of its second day of strength. On the downside,...
SNB Unlikely to Signal Normalization, May “Jawbone” Franc
The Swiss National Bank (SNB) is widely expected to keep its ultra-loose policy unchanged when it announces its rate decision on Thursday at 0730...
Pound Shines after Unexpected Rise in Retail Sales
Here are the latest developments in global markets:
FOREX: British retail sales beat expectations today rising by 0.3% m/m in August, above the -0.2% forecasted, from 0.9% m/m in...
Canadian Dollar at 3-Week High as Greenback Retreats
The Canadian dollar has posted small gains in the Thursday session. Currently, USD/CAD is trading at 1.2908, down 0.10% on the day. On the...
NZD/CAD 4H Chart: Target At 200-Hour SMA
The NZD/CAD currency pair has been trading in a descending channel since mid-June. This descending channel has guided the currency pair toward March 2016...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.16627
Open: 1.16720
% chg. over the last day: +0.06
Day's range: 1.16836 – 1.16980
52 wk range:...
Canadian Inflation & Retail Sales Data To Seal October Rate Increase?
Canadian inflation and retail sales figures for August and July respectively are due on Friday at 1230 GMT. Market participants currently assign a near...
USD/CAD Watch 1.2880
Pivot (invalidation): 1.2945
Our preference Short positions below 1.2945 with targets at 1.2900 & 1.2880 in extension.
Alternative scenario Above 1.2945 look for further upside with...
Loonie Trading A Tad Higher In The Morning Session
For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD and closed at 1.2921.
In the Asian session, at GMT0300, the...
USDCAD – Sells Off, Eyes Further Weakness On Bear Pressure
USDCAD - The pair closed lower again following its Tuesday losses on Wednesday. This has cleared the way for more weakness. Support lies at...
GBP/CAD – Below 1.70 on UK Irish Border Rejection
Brexit continues to drive huge volatility in the pound
Sterling is coming under heavy pressure on the back of reports that Theresa May has rejected...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.16827
Open: 1.16627
% chg. over the last day: -0.04
Day's range: 1.16732 – 1.17050
52 wk range:...
AUDUSD Outlook: Bulls May Hold In Extended Consolidation Before Resuming
The Aussie dollar consolidates after three days of strong rally but holds bullish tone for further extension of recovery from 0.7085 (11 Sep low).
Bulls...
AUD/USD The Bias Remains Bullish
Pivot (invalidation): 0.7240
Our preference Long positions above 0.7240 with targets at 0.7275 & 0.7290 in extension.
Alternative scenario Below 0.7240 look for further downside with...
Aussie Trading Flat In The Morning Session
For the 24 hours to 23:00 GMT, the AUD rose 0.48% against the USD and closed at 0.7263.
LME Copper prices rose 0.9% or $54.0/MT...
Tap The Brakes Or Foot On The Gas ?
Tap the brakes or foot on the gas?
U.S. stocks closed mostly higher Wednesday as investors continue looking past the US-China trade dispute while focusing...
GBPAUD Tumbles Below 5-Month High; Neutral in Medium Term
GBPAUD has come under renewed selling pressure after it created a fresh almost 5-month low, falling back below the 1.8375 resistance level, but remaining...
Stocks, Metals And Aussie Rally On US-China Trade Dispute Relief
The biggest story in the markets right now is that China seems to have blinked first in its trade dispute with the US. Global...
AUDUSD Oulook: Aussie Extends Recovery On Fresh Risk-On Mode
The pair holds in firm bullish mode for the third straight day and extends recovery leg from 0.7141(17 Sep trough) to probe through falling...
AUD/USD Further Advance
Pivot (invalidation): 0.7210
Our preference Long positions above 0.7210 with targets at 0.7260 & 0.7290 in extension.
Alternative scenario Below 0.7210 look for further downside with...
AUDUSD Extends Rebound But Bearish Risks Still There
AUDUSD continues to attract buying interest for the third consecutive day, crawling up to 0.7254 early on Wednesday, the highest since the end of...
Elliott Wave View: EURAUD Reaching Support Zone
EURAUD short-term Elliott wave view suggests that the rally to 1.6353 high ended intermediate wave (1) higher. The internals of that degree unfolded as...
NZD/CAD 4H Chart: Target At 200-Hour SMA
The NZD/CAD currency pair has been trading in a descending channel since mid-June. This descending channel has guided the currency pair toward March 2016...
EUR/NZD 4H Chart: Daily Sell Signals
A three-month ascending channel pattern has guided the common European currency higher against the New Zealand Dollar. The currency pair bounced off the lower...
Asia Market Closing Note: Lots Of Inflexion But A Lack Of Direction
Lots of inflexion but a lack of direction
A day of inflexion in currency markets but we ended up with little direction.
Most of today was...
NZDUSD Extends Gains Near 3-Week High But Bearish Outlook Still Holds
NZDUSD has been edging higher over the last three days, heading above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The...
New Zealand GDP Rises 1.0% In Q2
The U.S. dollar pulled back on Wednesday amid a slight improvement in the emerging markets. Economic data was mostly quiet from the U.S.
Consumer prices...
KIWI Jumps After Solid Q2 GDP Numbers
The New Zealand dollar rose sharply against the greenback after the country released better-than-expected GDP numbers. In the second quarter, the economy expanded at...
Pound Reverses Gains on Irish Border Headlines Despite Stronger Inflation; SNB Rate Decision Pending
Here are the latest developments in global markets:
FOREX: In the wake of upbeat UK inflation readings, sterling advanced considerably against the greenback to...
New Zealand GDP To Bounce Back In Q2 But Outlook Weighed By Weak Business Confidence
New Zealand's economy will fall under the spotlight when GDP growth numbers for the second quarter are published on Thursday (Wednesday, 22:45 GMT). After...
Japanese Yen Little Moved As BOJ Leaves Interest Rates Unchanged
The Japanese yen was little moved after the Bank of Japan (BOJ) left interest rates unchanged. This was the 32nd month straight of no...
AUD/NZD 4H Chart: Weekly Buy Signals
The AUD/NZD currency pair has been moving in a descending channel during the past one month. During this period, the exchange rate tested the...
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