Week Ahead – Fed Meeting, Barrage of Data, and Tech Earnings
With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus...
Fundamental Analysis
Weekly Focus – Momentum Setback
The strong start in markets from early January experienced some setback this week on rising infections, as countries are hit by a second wave...
Fundamental Analysis
Cliff Notes: Gauging Economic Strength at the Turn of the Year
Key insights from the week that was.
This week saw a number of key data updates globally, most notably consumer sentiment and the labour force...
Fundamental Analysis
Canada: Retail Sales Post a Strong Gain in November Even as Restrictions Intensify
Retail sales surged by 1.3% in November, defying Statistics Canada's preliminary forecast which called for a flat reading. Adjusting for price effects, the...
Fundamental Analysis
Sunset Market Commentary
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
Fundamental Analysis
A Tough End to the Week
Stock markets are ending the week on a negative note after a period of consolidation so far this month.
It’s been a strange start to...
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Week Ahead – Fed Meeting, Barrage of Data, and Tech Earnings
With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus...
Weekly Focus – Momentum Setback
The strong start in markets from early January experienced some setback this week on rising infections, as countries are hit by a second wave...
Cliff Notes: Gauging Economic Strength at the Turn of the Year
Key insights from the week that was.
This week saw a number of key data updates globally, most notably consumer sentiment and the labour force...
Sunset Market Commentary
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
A Tough End to the Week
Stock markets are ending the week on a negative note after a period of consolidation so far this month.
It’s been a strange start to...
EUR/USD Tests Weekly R1
During Friday morning hours, the EUR/USD currency pair tested the resistance level—the weekly R1 at 1.2185.
If the predetermined resistance level holds, it is likely...
GBP/USD Continues To Trade Within Falling Wedge Pattern
Yesterday, the GBP/USD exchange rate bounced off the upper boundary of the rising wedge pattern.
From a theoretical point of view, it is likely that...
USD/JPY Tests 100-Hour SMA
During today's morning hours, the USD/JPY currency pair has been testing the 100-hour SMA near 103.70.
If the predetermined resistance holds, it is likely that...
US Dollar Retreats On Stimulus Hopes
The dollar wilts before the stimulus trade
The US dollar index retreated overnight as markets continued to rotate out of US dollars and into global...
Equity Markets Retreat In Asia
Asian markets lower as caution is the word
Wall Street was marked by a mixed session overnight. The S&P 500 was almost unchanged, while the...
Week Ahead – Fed Meeting, Barrage of Data, and Tech Earnings
With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus...
Cliff Notes: Gauging Economic Strength at the Turn of the Year
Key insights from the week that was.
This week saw a number of key data updates globally, most notably consumer sentiment and the labour force...
Sunset Market Commentary
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
EUR/USD Tests Weekly R1
During Friday morning hours, the EUR/USD currency pair tested the resistance level—the weekly R1 at 1.2185.
If the predetermined resistance level holds, it is likely...
US Dollar Retreats On Stimulus Hopes
The dollar wilts before the stimulus trade
The US dollar index retreated overnight as markets continued to rotate out of US dollars and into global...
USD Continues Its Slide Lower
The USD seems to be heading for the worst week in the month today as the markets seem to be characterized by a positive...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2104
Prev Close: 1.2162
% chg. over the last day: +0.48%
At the end of Thursday, EUR/USD...
Stocks Retreat, Dollar Edges Up As Virus Concerns Creep In Again
Equity rally loses steam after strong weekly gains amid renewed virus jitters
Talk of Biden tax increases also undermines risk appetite, lifting the...
EUR/USD Breakout To The Upside Possible
The EUR/USD is at an important level. It will be make it or break it for the pair.
The price is set between important confluence...
EUR/JPY Breakout Occurs
The common European currency surged by 59 pips or 0.47% against the Japanese Yen on Thursday. A breakout occurred through the upper line of...
Sunset Market Commentary
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
USD/JPY Tests 100-Hour SMA
During today's morning hours, the USD/JPY currency pair has been testing the 100-hour SMA near 103.70.
If the predetermined resistance holds, it is likely that...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2104
Prev Close: 1.2162
% chg. over the last day: +0.48%
At the end of Thursday, EUR/USD...
GBPJPY Rests Near 4½-Month High, Remains In Bullish Channel
GBPJPY has been moving higher within an upward sloping channel over the last four months, remaining above the 20- and 40-day simple moving averages...
EUR/JPY Breakout Occurs
The common European currency surged by 59 pips or 0.47% against the Japanese Yen on Thursday. A breakout occurred through the upper line of...
Daily Technical Analysis
EUR/USD
Current level - 1.2171
At the beginning of the week, the single European currency reached the local low at the support level of 1.2062, after...
Market Morning Briefing: Euro Is Headed Towards 1.22
STOCKS
Dow, DAX and Nikkei remain stable at higher levels. While a sideways consolidation looks like a possibility, it will have to be seen if...
USD/JPY Extends Losses, Recovery Could Face Hurdles
Key Highlights
USD/JPY extended its decline below the 103.50 support.
A major bearish trend line is forming with resistance near 103.80 on the 4-hours...
Central Banks Ready and Willing
Stock markets are broadly flat on Thursday as numerous central banks held their first policy meetings of the year and earnings season continued.
So much...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2126
Prev Close: 1.2105
% chg. over the last day: -0.17%
EUR/USD was the weakest pair at...
Week Ahead – Fed Meeting, Barrage of Data, and Tech Earnings
With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus...
Sunset Market Commentary
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
A Tough End to the Week
Stock markets are ending the week on a negative note after a period of consolidation so far this month.
It’s been a strange start to...
GBP/USD Continues To Trade Within Falling Wedge Pattern
Yesterday, the GBP/USD exchange rate bounced off the upper boundary of the rising wedge pattern.
From a theoretical point of view, it is likely that...
GBP/USD Bearish Reversal Chart Patterns After Hitting 1.3750
GBP/USD made a new higher high that hit the 1.3750 target as expected in my EU-GU video. But the uptrend seems to be struggling...
GBP/USD Outlook: Sterling Is At A Crossroads As Weak Data Hurt Bulls
Cable pulled back from new high in early European trading on Friday, pressured by weaker than expected UK data which showed weak recovery in...
Stocks Retreat, Dollar Edges Up As Virus Concerns Creep In Again
Equity rally loses steam after strong weekly gains amid renewed virus jitters
Talk of Biden tax increases also undermines risk appetite, lifting the...
GBPUSD Takes A Tumble
The British pound has tumbled back under the 1.3700 support level against the US dollar after the UK posted weaker Retail Sales data and...
GBPJPY Rests Near 4½-Month High, Remains In Bullish Channel
GBPJPY has been moving higher within an upward sloping channel over the last four months, remaining above the 20- and 40-day simple moving averages...
GBP/USD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to break out above 1.3700 level, prices managed to do so on...
Canadian Dollar Rises Ahead Of The BOC Decision
The euro bounced back today after relatively strong economic data from Europe. In Germany, survey data by ZEW showed that the current conditions improved...
EURCHF Ebbs Off Heavy Border; Progressive Picture Unbroken
EURCHF has abated to the mid-Bollinger band around 1.0819 after recent attempts to appreciate, including the false break out of 1.0891, were capped by...
AUD/CHF 4H Chart: Two Scenarios Likely
Since November, the AUD/CHF exchange rate has been trading within a rising wedge pattern.
From a theoretical perspective, it is likely that a breakout south...
Light News Day For The Markets. Will The US Dollar Continue Higher?
There hasn’t been that much news to trade off today, yet the US dollar continues to trade higher. Republicans in the House of Representatives...
USDCHF Recovery Threats Remain Intact
USDCHF continues to eye further upside pressure closing higher on Friday and opening the door for more gain in the new week. Support comes...
USDCHF’s Improvement Curbed by Cloud and 100-Period MA
USDCHF remains negatively skewed on the four-our chart as the 100-period simple moving averages (SMAs) and the Ichimoku cloud capped the pair’s recent bounce...
NZD/CHF 4H Chart: Two Scenarios Likely
Since September, the NZD/CHF exchange rate has been appreciating within a rising wedge pattern.
From a theoretical perspective, it is likely that the currency pair...
CHF/SGD 4H Chart: Rising Wedge Pattern In Sight
Since the end of October, the CHF/SGD currency pair has been trading within a rising wedge pattern.
From a theoretical point of view, it is...
USD/CHF Outlook: Swiss Franc Hits The Highest Since Jan 2015 Vs US dollar
The pair extends weakness on Wednesday and dips to the lowest since January 2015, when the Swiss National Bank freed the franc to rise,...
US Stocks Slump On The Rising Coronavirus Cases
US stocks fell sharply yesterday as investors remained fixated on the rising number of coronavirus cases in the United States. The Dow Jones declined...
Week Ahead – Fed Meeting, Barrage of Data, and Tech Earnings
With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus...
Canada: Retail Sales Post a Strong Gain in November Even as Restrictions Intensify
Retail sales surged by 1.3% in November, defying Statistics Canada's preliminary forecast which called for a flat reading. Adjusting for price effects, the...
US Dollar Retreats On Stimulus Hopes
The dollar wilts before the stimulus trade
The US dollar index retreated overnight as markets continued to rotate out of US dollars and into global...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2104
Prev Close: 1.2162
% chg. over the last day: +0.48%
At the end of Thursday, EUR/USD...
USDCAD Calls For An Upside Reversal After New 33-Month Low
USDCAD stretched its March downtrend to a fresh 33-month low of 1.2588 on Thursday before completing the day with a bullish doji candle.
The positive...
USD/CAD Sets For Breakout
The US Dollar has surged by 70 pips or 0.55% against the Canadian Dollar since Thursday's trading session. The currency pair breached the 50–...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2126
Prev Close: 1.2105
% chg. over the last day: -0.17%
EUR/USD was the weakest pair at...
USD/CAD Breakout Occurs
The US Dollar fell by 120 basis points or 0.95% against the Canadian Dollar on Wednesday. A breakout occurred through the lower line of...
USD/CAD Technical Outlook: Is it Time for a Long-Term Change in Tend?
As with any currency pair, there are an abundance of factors to consider when trying to forecast price. Those factors can be broken down...
Sunset Market Commentary
Markets
Sterling grabbed the market spotlights in an otherwise calm trading session. At the onset of European dealings, EUR/GBP hovered around levels seen earlier this...
Week Ahead – Fed Meeting, Barrage of Data, and Tech Earnings
With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus...
Cliff Notes: Gauging Economic Strength at the Turn of the Year
Key insights from the week that was.
This week saw a number of key data updates globally, most notably consumer sentiment and the labour force...
Stocks Retreat, Dollar Edges Up As Virus Concerns Creep In Again
Equity rally loses steam after strong weekly gains amid renewed virus jitters
Talk of Biden tax increases also undermines risk appetite, lifting the...
AUD/USD Decline Likely To Continue
The Australian Dollar declined by 28 pips or 0.36% against the US Dollar on Thursday. The currency pair reversed from the weekly R1 at...
Market Morning Briefing: Euro Is Headed Towards 1.22
STOCKS
Dow, DAX and Nikkei remain stable at higher levels. While a sideways consolidation looks like a possibility, it will have to be seen if...
AUD/USD Remains Near Weekly R1
Australia's Dollar edged higher by 60 basis points or 0.78% against the US Dollar on Wednesday. The AUD/USD currency pair was pressured higher by...
US Stimulus Weighs On US Dollar
The dollar wilts before the US stimulus trade
The dollar index remained almost unchanged at 90.45 overnight, with much of the dollar’s retreat seen amongst...
AUDUSD Targets January’s Top, But Will The Bulls Persist?
AUDUSD is buying the shortfall from January's top of 0.7819 thanks to the 20-day simple moving average (SMA), which managed to cancel bearish forces...
Japanese Yen Gains After The Bank Of Japan Rate Decision
The price of crude oil declined in overnight trading after a sudden increase in US oil inventories. According to the American Petroleum Institute (API),...
Australia: Jobs Recovery Continues Into Year End
December Labour Force Survey. Total employment: 50k from 90k (unrevised from 90k); Unemployment rate: 6.6% from 6.8% (unrevised 6.8%); Participation rate: 66.2% from 66.1%...