USD/CHF Nosedives, Dollar Faces Increase In Selling Pressure
Key Highlights
USD/CHF declined sharply below 0.9120 and 0.9100.
EUR/USD extended its rise above the 1.1850 resistance level.
GBP/USD rallied and broke the 1.3100...
USDJPY Under Pressure Ahead Of Key Jobs Data Thursday
The US Dollar was bearish against all of its major pairs on Wednesday. On the US economic data front, the Mortgage Bankers Association's Mortgage...
GBP/USD Soars as CPI Rises
GBP/USD has posted sharp gains in the Wednesday session. In the European session, the pair is trading at 1.3165, up 1.6% on the day....
The Tale of Two Recoveries: Canada Versus the U.S.
Highlights
The Canadian and U.S. labour markets are rebounding from the devastating declines in March and April. So far, the Canadian recovery has been...
USD/CHF Nosedives, Dollar Faces Increase In Selling Pressure
Key Highlights
USD/CHF declined sharply below 0.9120 and 0.9100.
EUR/USD extended its rise above the 1.1850 resistance level.
GBP/USD rallied and broke the 1.3100...
Technical Analysis
Market Morning Briefing: Dollar Index Has Fallen As Expected But Has Broken Below Our Mentioned 92.68
STOCKS
Equities seem to come under pressure as they lack momentum to move up sharply from current levels. Dow remains below 28500 and looks vulnerable...
Fundamental Analysis
Asia Morning: U.S. Stocks Post Modest Losses
On Wednesday, U.S. stocks posted modest losses after a choppy session. The Dow Jones Industrial Average fell 98 points (-0.35%) to 28210, the S&P 500 dropped 7 points...
Technical Analysis
USDJPY Under Pressure Ahead Of Key Jobs Data Thursday
The US Dollar was bearish against all of its major pairs on Wednesday. On the US economic data front, the Mortgage Bankers Association's Mortgage...
Fundamental Analysis
GBP/USD Soars as CPI Rises
GBP/USD has posted sharp gains in the Wednesday session. In the European session, the pair is trading at 1.3165, up 1.6% on the day....
Fundamental Analysis
The Tale of Two Recoveries: Canada Versus the U.S.
Highlights
The Canadian and U.S. labour markets are rebounding from the devastating declines in March and April. So far, the Canadian recovery has been...
- Advertisment -
The Tale of Two Recoveries: Canada Versus the U.S.
Highlights
The Canadian and U.S. labour markets are rebounding from the devastating declines in March and April. So far, the Canadian recovery has been...
RBA Minutes Reveal Strong Conviction to Further Easing in November
RBA's minutes for the October meeting offered more supports that further easing will be rolled out soon. Potential measures include rate cuts and asset...
China’s GDP Growth Missed Consensus. Strong Activity Data Support Renminbi’s Outlook
The latest set of China's macroeconomic data is mixed in the headline. GDP growth in the third quarter came in below market expectation. However,...
RBA Governor Gives ‘Game Changer’ Speech
I had expected that the events this week would be highlighted by the stunning 11.9% surge in the Westpac-Melbourne Institute Consumer Sentiment Index.
That was...
USD/CHF Nosedives, Dollar Faces Increase In Selling Pressure
Key Highlights
USD/CHF declined sharply below 0.9120 and 0.9100.
EUR/USD extended its rise above the 1.1850 resistance level.
GBP/USD rallied and broke the 1.3100...
Market Morning Briefing: Dollar Index Has Fallen As Expected But Has Broken Below Our Mentioned 92.68
STOCKS
Equities seem to come under pressure as they lack momentum to move up sharply from current levels. Dow remains below 28500 and looks vulnerable...
Asia Morning: U.S. Stocks Post Modest Losses
On Wednesday, U.S. stocks posted modest losses after a choppy session. The Dow Jones Industrial Average fell 98 points (-0.35%) to 28210, the S&P 500 dropped 7 points...
USDJPY Under Pressure Ahead Of Key Jobs Data Thursday
The US Dollar was bearish against all of its major pairs on Wednesday. On the US economic data front, the Mortgage Bankers Association's Mortgage...
The Tale of Two Recoveries: Canada Versus the U.S.
Highlights
The Canadian and U.S. labour markets are rebounding from the devastating declines in March and April. So far, the Canadian recovery has been...
GBP Likes Brexit News: GBP/USD, EUR/GBP
In a duel over Brexit negotiations where something had to give, traders seem to think it has! Earlier, comments from EU negotiator Barnier that...
Sunset Market Commentary
Markets
Trading on global markets showed somewhat of an indecisive, even slightly inconsistent picture. Recent trends of higher long term (US) yields and a weaker...
USD/CAD Yawns after Soft Consumer Data
USD/CAD has recorded small losses on Wednesday. In the North American session, the pair is trading at 1.3190, down 0.15% on the day.
Canadian inflation...
U.S Futures Sliding – Watch NFLX, SNAP, BIIB, WORK, TXN
The S&P 500 Futures are slightly red after they closed higher yesterday. House Speaker Nancy Pelosi said in an interview that she is hopeful...
UK Retail Sales And PMIs To Turn Spotlight On Recovery Amid Brexit Shenanigans
It may be hard to escape the latest bombardment of Brexit headlines but crucial economic data coming up at the end of the week...
Market Morning Briefing: Dollar Index Has Fallen As Expected But Has Broken Below Our Mentioned 92.68
STOCKS
Equities seem to come under pressure as they lack momentum to move up sharply from current levels. Dow remains below 28500 and looks vulnerable...
GBP Likes Brexit News: GBP/USD, EUR/GBP
In a duel over Brexit negotiations where something had to give, traders seem to think it has! Earlier, comments from EU negotiator Barnier that...
EURGBP Plunges in Consolidation Area Below 0.91
EURGBP is sharply decreasing in the 4-hour chart, touching the 23.6% Fibonacci retracement level of the down leg from 0.9290 to 0.9005 at 0.9073....
Sunset Market Commentary
Markets
Trading on global markets showed somewhat of an indecisive, even slightly inconsistent picture. Recent trends of higher long term (US) yields and a weaker...
EUR/JPY Two Scenarios Likely
The common European currency surged by 72 basis points or 0.58% against the Japanese Yen on Tuesday. The currency pair breached the weekly R1...
EUR/USD Trades Near 1.1860
The EUR/USD currency pair has raised to the psychological level at 1.1860.
From the one hand, it is likely that some upside potential could prevail...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.17652
Open: 1.18212
% chg. over the last day: +0.47
Day's range: 1.18206 – 1.18590
52 wk range:...
Eurozone PMIs: Putting A Double-Dip Recession On The Map?
The Eurozone's preliminary PMIs for October will hit the markets at 08:00 GMT Friday and will reveal just how much damage businesses have suffered...
Euro Rises To A 4-Week High
The euro currency is maintaining its bullish hold. After rising off the 1.1700 level earlier in the past few sessions, price action broke past...
EUR/USD Further Upside
Pivot (invalidation): 1.1815
Our preference Long positions above 1.1815 with targets at 1.1870 & 1.1890 in extension.
Alternative scenario Below 1.1815 look for further downside with...
Market Morning Briefing: Dollar Index Has Fallen As Expected But Has Broken Below Our Mentioned 92.68
STOCKS
Equities seem to come under pressure as they lack momentum to move up sharply from current levels. Dow remains below 28500 and looks vulnerable...
USDJPY Under Pressure Ahead Of Key Jobs Data Thursday
The US Dollar was bearish against all of its major pairs on Wednesday. On the US economic data front, the Mortgage Bankers Association's Mortgage...
Sunset Market Commentary
Markets
Trading on global markets showed somewhat of an indecisive, even slightly inconsistent picture. Recent trends of higher long term (US) yields and a weaker...
USD/JPY Outlook: Dollar Slips To One-Month Low Vs Yen As Stimulus Optimism Boosts Risk Appetite
The pair fell to one-month low on Wednesday, on track for the biggest daily loss since 28 Aug as growing optimism over US stimulus...
EUR/JPY Two Scenarios Likely
The common European currency surged by 72 basis points or 0.58% against the Japanese Yen on Tuesday. The currency pair breached the weekly R1...
USD/JPY Trades Below 105.00
The USD/JPY currency pair has tumbled below the psychological level at 105.00.
On the one hand, it is likely that some downside potential could prevail...
USD/JPY Outlook: The Pair Broke The 105.50 Support Level To Move Into A Short-Term Bearish Zone
The US Dollar started a fresh decline from the 105.75 resistance against the Japanese Yen. The USD/JPY pair broke the 105.50 support level to...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.17652
Open: 1.18212
% chg. over the last day: +0.47
Day's range: 1.18206 – 1.18590
52 wk range:...
Eurozone PMIs: Putting A Double-Dip Recession On The Map?
The Eurozone's preliminary PMIs for October will hit the markets at 08:00 GMT Friday and will reveal just how much damage businesses have suffered...
USD/JPY The Downside Prevails
Pivot (invalidation): 105.55
Our preference Short positions below 105.55 with targets at 105.25 & 105.15 in extension.
Alternative scenario Above 105.55 look for further upside with...
Market Morning Briefing: Dollar Index Has Fallen As Expected But Has Broken Below Our Mentioned 92.68
STOCKS
Equities seem to come under pressure as they lack momentum to move up sharply from current levels. Dow remains below 28500 and looks vulnerable...
GBP/USD Soars as CPI Rises
GBP/USD has posted sharp gains in the Wednesday session. In the European session, the pair is trading at 1.3165, up 1.6% on the day....
GBP Likes Brexit News: GBP/USD, EUR/GBP
In a duel over Brexit negotiations where something had to give, traders seem to think it has! Earlier, comments from EU negotiator Barnier that...
EURGBP Plunges in Consolidation Area Below 0.91
EURGBP is sharply decreasing in the 4-hour chart, touching the 23.6% Fibonacci retracement level of the down leg from 0.9290 to 0.9005 at 0.9073....
Sunset Market Commentary
Markets
Trading on global markets showed somewhat of an indecisive, even slightly inconsistent picture. Recent trends of higher long term (US) yields and a weaker...
UK Retail Sales And PMIs To Turn Spotlight On Recovery Amid Brexit Shenanigans
It may be hard to escape the latest bombardment of Brexit headlines but crucial economic data coming up at the end of the week...
GBP/USD Tests Weekly R1
During Wednesday morning hours, the GBP/USD exchange rate broke the falling wedge pattern north and jumped to the weekly R1 at 1.3049.
If the predetermined...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.17652
Open: 1.18212
% chg. over the last day: +0.47
Day's range: 1.18206 – 1.18590
52 wk range:...
GBPUSD Ready To Rally
The British pound has moved back towards the 1.3000 level against the US dollar currency, as dip-buying interest for sterling remains strong. Technical analysis...
GBP/USD Outlook: Fresh Optimism On Brexit Talks And Risk Appetite Lift Pound To One-Week High Vs Dollar
Cable jumped to one week high at 1.3064 on Wednesday, after European Union's Brexit negotiator expressed optimism, saying that trade deal with Britain is...
USD/CHF Nosedives, Dollar Faces Increase In Selling Pressure
Key Highlights
USD/CHF declined sharply below 0.9120 and 0.9100.
EUR/USD extended its rise above the 1.1850 resistance level.
GBP/USD rallied and broke the 1.3100...
USD/CHF The Downside Prevails
Pivot (invalidation): 0.9085
Our preference Short positions below 0.9085 with targets at 0.9030 & 0.9010 in extension.
Alternative scenario Above 0.9085 look for further upside with...
USD/CHF 4H Chart: Bears Could Prevail
The US Dollar has been edging lower in a descending channel pattern against the Swiss Franc since September 25. The currency pair breached the...
USD/CHF Key Resistance At 0.9120
Pivot (invalidation): 0.9120
Our preference Short positions below 0.9120 with targets at 0.9080 & 0.9060 in extension.
Alternative scenario Above 0.9120 look for further upside with...
GBP/CHF Sellers Are Within The Confluence Zone
The GBPCHF is bearish. Price is currently retracing and if it gets to the POC zone, we might be expecting a drop lower.
1.1900-1.1890 is...
USD/CHF Further Advance
Pivot (invalidation): 0.9130
Our preference Long positions above 0.9130 with targets at 0.9155 & 0.9170 in extension.
Alternative scenario Below 0.9130 look for further downside with...
USDCHF Pulls Back From 23.6% Fibo, Retains Bearish View
USDCHF held in loses for the fourth week in a row, dropping below the 23.6% Fibonacci retracement level of the down leg from 0.9295...
USD/CHF Key Resistance At 0.9140
Pivot (invalidation): 0.9140
Our preference Short positions below 0.9140 with targets at 0.9120 & 0.9110 in extension.
Alternative scenario Above 0.9140 look for further upside with...
USD/CHF Could Resume Decline Unless It Clears 0.9175
Key Highlights
USD/CHF recovered above 0.9100, but it is facing hurdles near 0.9160 and 0.9175.
A major bearish trend line is forming with resistance...
USD/CHF Further Advance
Pivot (invalidation): 0.9125
Our preference Long positions above 0.9125 with targets at 0.9165 & 0.9180 in extension.
Alternative scenario Below 0.9125 look for further downside with...
The Tale of Two Recoveries: Canada Versus the U.S.
Highlights
The Canadian and U.S. labour markets are rebounding from the devastating declines in March and April. So far, the Canadian recovery has been...
Canadian Retail Growth Slowed in August
Retail sales increased 0.4 % in August, up 3.5% from a year ago
Go forward risk remain from resurgent virus spread alongside a...
Canadian CPI Ticked Up in September
Headline CPI grew 0.5% year-over-year in September
Bank of Canada's preferred core measures still below target (but holding up better than expected)
COVID-related...
Canada: Retail Sales Edged Slightly Higher in August, But Missed Expectations
Canadian retail sales edged up 0.4% month-on-month in August, the smallest monthly increase since the onset of the recovery. This brought sales 3.5%...
Canada: Inflation Rises to 0.5% in September
Canadian consumer price inflation rose to 0.5% year-on-year (y/y) in September, up from 0.1% in August and a hair above the median consensus...
USD/CAD Yawns after Soft Consumer Data
USD/CAD has recorded small losses on Wednesday. In the North American session, the pair is trading at 1.3190, down 0.15% on the day.
Canadian inflation...
USD/CAD Breakout Occurs
The US Dollar declined by 93 basis points or 0.70% against the Canadian Dollar on Tuesday. A breakout occurred through the lower boundary of...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.17652
Open: 1.18212
% chg. over the last day: +0.47
Day's range: 1.18206 – 1.18590
52 wk range:...
USD/CAD Watch 1.3050
Pivot (invalidation): 1.3145
Our preference Short positions below 1.3145 with targets at 1.3070 & 1.3050 in extension.
Alternative scenario Above 1.3145 look for further upside with...
USDCAD Showing More Weakness
The US Dollar was bearish against most of its major pairs on Tuesday with the exception of the NZD and AUD. On the US...
Market Morning Briefing: Dollar Index Has Fallen As Expected But Has Broken Below Our Mentioned 92.68
STOCKS
Equities seem to come under pressure as they lack momentum to move up sharply from current levels. Dow remains below 28500 and looks vulnerable...
AUD/USD Set For Breakout
The Australian Dollar edged higher by 48 basis points or 0.68% against the US Dollar on Tuesday. The currency pair tested the 100– hour...
AUD/USD Further Advance
Pivot (invalidation): 0.7045
Our preference Long positions above 0.7045 with targets at 0.7115 & 0.7145 in extension.
Alternative scenario Below 0.7045 look for further downside with...
The Waiting Game Continues
Stimulus bill deadline expires
House Democrat Leader Pelosi’s Tuesday deadline for a pre-election US stimulus bill came and went overnight, with a deal remaining elusive....
Market Morning Briefing: Pound Has Risen Slightly But While Above 1.28
STOCKS
Dow and DAX continue to remain under pressure. Dow looks vulnerable for a fall to 27000-26500 while it remains below 29100. DAX can fall...
Aussie Pairs Nearing Key Support: AUD/CAD, AUD/JPY, AUD/USD
The Reserve Bank of Australia’s (RBA) Kent spoke last evening and hinted that the central bank is considering further easing in monetary policy. This...
AUD/USD Slips on Dovish RBA Minutes
The Australian dollar has registered considerable losses on Tuesday. In North American trade, AUD/USD is trading at 0.7028, down 0.57% on the day.
RBA minutes...
AUD/USD Analysis: Decline Likely To Continue
The Australian Dollar declined by 53 points or 0.74% against the US Dollar on Monday. The currency pair breached the 50– hour simple moving...
Stimulus Uncertainty Hits Sentiment, RBA Flags More Easing
US stimulus talks make progress but short time window spooks investors
Aussie slips as RBA gives clearest indication yet it will ease policy...
AUD/USD The Downside Prevails
Pivot (invalidation): 0.7070
Our preference Short positions below 0.7070 with targets at 0.7020 & 0.7000 in extension.
Alternative scenario Above 0.7070 look for further upside with...
NZD/USD Two Scenarios Likely
The New Zealand Dollar rose by33 basis points or 0.50% against the US Dollar on Tuesday. The currency pair breached the 50– and 100–...
NZDUSD Optimism Prolonged, Price Action Remains Stalled
NZDUSD is currently trading in the vicinity of the 100-day simple moving average (SMA) and the red Tenkan-sen line, continuing to edge sideways, capped...
NZD/USD Anaysis: Decline To Continue
The New Zealand Dollar declined by 57 points or 0.85% against the US Dollar on Monday. The currency pair breached the 50-, 100– and...
EUR/NZD 4H Chart: Breakout Could Occur
The Eurozone single currency has declined by 344 pips or 1.91% against the New Zealand Dollar since October 7. The currency pair tested the...
AUD/NZD 4H Chart: Decline Likely To Continue
The Australian Dollar has declined by 190 pips or 1.75% against the New Zealand Dollar since October 8. The currency pair breached the 50-,...
NZD/USD Analysis: Breached Channel Pattern
The New Zealand Dollar rose by 28 pips or 0.42% against the US Dollar on Friday. The currency pair tested the upper line of...
Week Ahead – Time Running Out for Trump
Stimulus needed before the election
The next couple of weeks are critical for the US ahead of the election on 3 December. The final Presidential...
Week Ahead – Flash PMIs Could Underscore Worsening Virus Trend; US Election Polls in Focus
The virus reality has come back to bite markets just as investors were attempting once again to shrug off the gloom and doom. The...
NZD/USD Analysis: Two Scenarios Likely
The New Zealand Dollar declined by 76 basis points or 1.14% against the US Dollar on Thursday. The decline was stopped by the weekly...
NZDUSD Grounded Ahead Of NZ Election
Polling suggests that sitting New Zealand Prime Minister Jacinda Arden will enjoy a landslide victory, buoyed by the country's successful elimination of the COVID-19...
- Advertisment -