Oil Higher as Supply Risks Outweigh Growth Concerns for Now
Constructive banter from OPEC nations are to be expected leading up to the next key meeting in June. The outcome of the Jeddah talks...
EUR/USD Outlook: Bears on Hold and Looking for Fresh Signals
The pair holds in narrow consolidation above new two-week low as bears take a breather after 07% fall last week. Slight positive tone was...
Risk Aversion Dominates as Huawei Situation Intensifies
The Chinese-US trade war intensified on Monday as Huawei’s suppliers stopped doing business with the telco giant. The fallout could really accelerate risk off...
US 30 Index Eases Inside Ichimoku Cloud; Fails to Improve
The US 30 index is trading below the six-month high of 26,712, struggling within the Ichimoku cloud and the between the 50- and 200-simple...
Oil Higher as Supply Risks Outweigh Growth Concerns for Now
Constructive banter from OPEC nations are to be expected leading up to the next key meeting in June. The outcome of the Jeddah talks...
Fundamental Analysis
British Pound Steadies after Dismal Week
GBP/USD is showing little movement on Monday. In the North American session, the pair is trading at 1.2740, up 0.20% on the day. The...
Fundamental Analysis
MARKET WRAP: Stocks Moved Lowe, Euro & Sterling Recovered Losses
The global stock market remained sensitive due to the trade issues and Trump administration is no mood to de-escalate these tensions.
Stocks
The S&P 500...
Fundamental Analysis
Sunset Market Commentary
Markets
Global core bonds are treading water today as the sluggish US-Sino trade negotiations put investors in wait-and-see modus. Global core bonds started the week...
Technical Analysis
EUR/USD Outlook: Bears on Hold and Looking for Fresh Signals
The pair holds in narrow consolidation above new two-week low as bears take a breather after 07% fall last week. Slight positive tone was...
Fundamental Analysis
Risk Aversion Dominates as Huawei Situation Intensifies
The Chinese-US trade war intensified on Monday as Huawei’s suppliers stopped doing business with the telco giant. The fallout could really accelerate risk off...
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OPEC+ Maintains Output Cut. Market Balance Suggests No Practical Need to Raise Output
OPEC+ stayed put, maintaining the output cut agreed in December last year while pledging to monitor market developments with an option to raise production...
What to Expect from this Weekend’s Australian Federal Election
This coming Saturday, Australians head to the polls to vote in a Federal election which appears destined to deliver a change in government, prompting...
US-China Trade War Intensifies as China Retaliates
Financial markets are in turbulence as China announced to raise tariff of US$60B of US exports to 25% from 10%, effective June 1. This...
US-China Trade: Back in the Tit-for-Tat Spiral
China today retaliated against Trump's tariffs. On the surface it looks like a measured response but China is also likely to stop purchases...
Sunset Market Commentary
Markets
Global core bonds are treading water today as the sluggish US-Sino trade negotiations put investors in wait-and-see modus. Global core bonds started the week...
EUR/USD Outlook: Bears on Hold and Looking for Fresh Signals
The pair holds in narrow consolidation above new two-week low as bears take a breather after 07% fall last week. Slight positive tone was...
Risk Aversion Dominates as Huawei Situation Intensifies
The Chinese-US trade war intensified on Monday as Huawei’s suppliers stopped doing business with the telco giant. The fallout could really accelerate risk off...
US 30 Index Eases Inside Ichimoku Cloud; Fails to Improve
The US 30 index is trading below the six-month high of 26,712, struggling within the Ichimoku cloud and the between the 50- and 200-simple...
Japanese GDP Figures Surprise, Yet A Sluggish Outlook Remains
A lull on the front of negative trade war headlines are giving markets a little pause. JPY extends decline for a third session, pushing...
USD/JPY: Risk Assets Drop With Escalated Trade Concerns Again Hurting Sentiment
This morning, European stocks were finding themselves under pressure again with US index futures also pointing to a sharply weaker open on Wall Street....
EURUSD 1.1110 Bearish Target
The euro currency has remained under pressure against the greenback during the European trading session, following the recent bearish range break below the 1.1165...
GBPUSD Still Bearish
The British pound is attempting to move higher against the US dollar, with the pair trading closer to the pivotal 1.2772 resistance level. If...
USD/JPY Outlook: Recovery Faces Strong Headwinds From Key Barrier
Recovery from new 3 ½ month low at 109.02 (13 May) faced strong headwinds from key barriers at 110.31 (daily cloud base / Fibo...
GBP/USD Outlook: Bears Are Taking A Breather On Oversold Studies / Profit-Taking
Cable consolidates above multi-month low at 1.2714 on Monday after suffering heavy losses last week. The pair was down 2.1% for the week, as...
EUR/USD Outlook: Bears on Hold and Looking for Fresh Signals
The pair holds in narrow consolidation above new two-week low as bears take a breather after 07% fall last week. Slight positive tone was...
EURUSD 1.1110 Bearish Target
The euro currency has remained under pressure against the greenback during the European trading session, following the recent bearish range break below the 1.1165...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11724
Open: 1.11602
% chg. over the last day: -0.14
Day's range: 1.11507 – 1.11676
52 wk range:...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1151
The downtrend is intact, heading towards 1.1110. Initial reistance lies at 1.1180.
Resistance
Support
intraday
intraweek
intraday
intraweek
1.1180
1.1330
1.1110
1.1010
1.1275
1.1450
1.1110
1.0860
USD/JPY
Current level - 110.13
The initial test of 110.30 failed and...
EUR/JPY Two Scenarios Likely
The common European currency appreciated about 75 base points against the Japanese Yen on Friday. The exchange rate breached the 200-hour simple moving average...
EUR/USD – Euro Yawns In Light-Data Session
EUR/USD has started the new trading week quietly. Currently, the pair is trading at 1.1161, up 0.03% on the day. On the release front,...
Eurozone Core Inflation Rises 1.3%
The final inflation figures for the eurozone showed that headline consumer prices grew at a pace of 1.7% while core inflation was up 1.3%,...
EUR/USD The Downside Prevails
Pivot (invalidation): 1.1180
Our preference Short positions below 1.1180 with targets at 1.1140 & 1.1120 in extension.
Alternative scenario Above 1.1180 look for further upside with...
Aussie Jumps After A Surprise Victory By Conservatives
The Australian dollar jumped today after a surprise election victory by the conservatives. The Prime Minister’s party defied polls to win more than 77...
Currencies: Dollar Retains The Benefit Of The Doubt, At Least For Now
Rates: Cautiousness key as trade spat simmers
Global core bonds closed Friday's session nearly unchanged as headlines on international trade were mixed. Sentiment is...
Japanese GDP Figures Surprise, Yet A Sluggish Outlook Remains
A lull on the front of negative trade war headlines are giving markets a little pause. JPY extends decline for a third session, pushing...
USD/JPY: Risk Assets Drop With Escalated Trade Concerns Again Hurting Sentiment
This morning, European stocks were finding themselves under pressure again with US index futures also pointing to a sharply weaker open on Wall Street....
USD/JPY Outlook: Recovery Faces Strong Headwinds From Key Barrier
Recovery from new 3 ½ month low at 109.02 (13 May) faced strong headwinds from key barriers at 110.31 (daily cloud base / Fibo...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11724
Open: 1.11602
% chg. over the last day: -0.14
Day's range: 1.11507 – 1.11676
52 wk range:...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1151
The downtrend is intact, heading towards 1.1110. Initial reistance lies at 1.1180.
Resistance
Support
intraday
intraweek
intraday
intraweek
1.1180
1.1330
1.1110
1.1010
1.1275
1.1450
1.1110
1.0860
USD/JPY
Current level - 110.13
The initial test of 110.30 failed and...
EUR/JPY Two Scenarios Likely
The common European currency appreciated about 75 base points against the Japanese Yen on Friday. The exchange rate breached the 200-hour simple moving average...
USD/JPY Watch 110.55
Pivot (invalidation): 110.00
Our preference Long positions above 110.00 with targets at 110.30 & 110.55 in extension.
Alternative scenario Below 110.00 look for further downside with...
Aussie Jumps After A Surprise Victory By Conservatives
The Australian dollar jumped today after a surprise election victory by the conservatives. The Prime Minister’s party defied polls to win more than 77...
USDJPY 110.60 Major Resistance
The US dollar is trading back above the 110.00 level against the Japanese yen currency following a renewed bid tone surrounding the greenback. If...
Japan’s Annualised Gross Domestic Product Surprisingly Rose In 1Q 2019
For the 24 hours to 23:00 GMT, the USD rose 0.17% against the JPY and closed at 110.04 on Friday.
In the Asian session, at...
British Pound Steadies after Dismal Week
GBP/USD is showing little movement on Monday. In the North American session, the pair is trading at 1.2740, up 0.20% on the day. The...
Sunset Market Commentary
Markets
Global core bonds are treading water today as the sluggish US-Sino trade negotiations put investors in wait-and-see modus. Global core bonds started the week...
GBPCAD Hovers Near 3-Month Low
GBPCAD plunged below the 50.0% Fibonacci retracement level of the upleg from 1.6590 to 1.7795 and the 200-day moving average. Currently, the price is...
GBPUSD Still Bearish
The British pound is attempting to move higher against the US dollar, with the pair trading closer to the pivotal 1.2772 resistance level. If...
GBP/USD Outlook: Bears Are Taking A Breather On Oversold Studies / Profit-Taking
Cable consolidates above multi-month low at 1.2714 on Monday after suffering heavy losses last week. The pair was down 2.1% for the week, as...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11724
Open: 1.11602
% chg. over the last day: -0.14
Day's range: 1.11507 – 1.11676
52 wk range:...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1151
The downtrend is intact, heading towards 1.1110. Initial reistance lies at 1.1180.
Resistance
Support
intraday
intraweek
intraday
intraweek
1.1180
1.1330
1.1110
1.1010
1.1275
1.1450
1.1110
1.0860
USD/JPY
Current level - 110.13
The initial test of 110.30 failed and...
GBP/USD Bearish Continuation After A Pullback
The POC zone shows a nice confluence between W H3 and Bearish order block. We might see a rejection if the price gets in...
Elections In India & Australia & Trade War Simmers
European stock markets are kick-starting the week on the back foot as most of the major indices are trading lower. This is due to...
Pound Dives As No-Deal Risk Returns, Dollar Reigns Supreme
Sterling crumbles as no-deal Brexit risk returns
Aussie gets a lift from politics, but outlook still grim
Dollar continues to reign supreme as...
USDCHF Rebounds On 1.0050, Risks Still To The Upside
USDCHF rebounded on the 1.0050 support level in the preceding week, jumping above the 23.6% Fibonacci retracement level of the upward movement from 0.9540...
USD/CHF Further Upside
Pivot (invalidation): 1.0095
Our preference Long positions above 1.0095 with targets at 1.0125 & 1.0145 in extension.
Alternative scenario Below 1.0095 look for further downside with...
Swiss Franc Trading Lower In The Asian Session
For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 1.0107 on Friday.
In the Asian session, at...
Dollar Extends Rally On EM, EU FX Outflows
It has been a rather good week for the US dollar, supported mainly by outflows in foreign currencies. In Europe, for example, raised Brexit...
USD/CHF Bullish Bias Above 1.0085
Pivot (invalidation): 1.0085
Our preference Long positions above 1.0085 with targets at 1.0110 & 1.0125 in extension.
Alternative scenario Below 1.0085 look for further downside with...
Swiss Franc Trading A Tad Higher In The Asian Session
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 1.0100.
In the Asian session, at GMT0300, the...
USD/CHF Under Pressure
Pivot (invalidation): 1.0095
Our preference Short positions below 1.0095 with targets at 1.0070 & 1.0050 in extension.
Alternative scenario Above 1.0095 look for further upside with...
Swiss Franc Trading Slightly Lower In The Morning Session
For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 1.0082.
In the Asian session, at GMT0300, the...
USD/CHF Bullish Bias Above 1.0065
Pivot (invalidation): 1.0065
Our preference Long positions above 1.0065 with targets at 1.0100 & 1.0125 in extension.
Alternative scenario Below 1.0065 look for further downside with...
Switzerland’s Producer And Import Prices Fell In April
For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CHF and closed at 1.0085.
In economic news, Switzerland's producer and import...
GBPCAD Hovers Near 3-Month Low
GBPCAD plunged below the 50.0% Fibonacci retracement level of the upleg from 1.6590 to 1.7795 and the 200-day moving average. Currently, the price is...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11724
Open: 1.11602
% chg. over the last day: -0.14
Day's range: 1.11507 – 1.11676
52 wk range:...
USD/CAD Sets For Breakout
The US Dollar depreciated more than 70 base points against the Canadian Dollar on Friday. The currency pair breached the 50-, 100– and 200-hour...
USD/CAD The Downside Prevails
Pivot (invalidation): 1.3455
Our preference Short positions below 1.3455 with targets at 1.3415 & 1.3395 in extension.
Alternative scenario Above 1.3455 look for further upside with...
Loonie Extends Its Gains In The Morning Session
For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD and closed at 1.3459 on Friday.
In the Asian session, at...
Weekly Economic and Financial Commentary: Two Steps Back and One Step Forward
U.S. Review
Two Steps Back and One Step Forward
Retail sales stumbled again in April, falling 0.2%. Core retail sales were flat and suggest the...
The Weekly Bottom Line: Housing Market Stabilizing, Debt Risks Still Elevated
U.S. Highlights
Equity markets rebounded this week as the U.S. administration delayed its decision on auto tariffs for six months.
Housing starts and retail...
Forward Guidance: Retail Sales to Continue Canada’s Run of Strong Economic Data
Growing trade tensions between the world’s two largest economies drew plenty of attention this week, and for good reason with the US and China...
Week ahead – European Elections & PMIs, Fed Minutes, and Much More
While lacking in central bank meetings, the coming week is still a busy one. A poor showing by the UK Conservatives in the European...
USD/CAD Sets For Breakout
The US Dollar appreciated about 68 base points against the Canadian Dollar on Thursday. The currency pair bounced off from the bottom border of...
Risk Aversion Dominates as Huawei Situation Intensifies
The Chinese-US trade war intensified on Monday as Huawei’s suppliers stopped doing business with the telco giant. The fallout could really accelerate risk off...
USD/JPY: Risk Assets Drop With Escalated Trade Concerns Again Hurting Sentiment
This morning, European stocks were finding themselves under pressure again with US index futures also pointing to a sharply weaker open on Wall Street....
AUD/USD Surges After Election Surprise
The Australian Dollar appreciated about 0.81% in value against the US Dollar on Monday. The surge was attributed to a surprise victory by the...
Pound Dives As No-Deal Risk Returns, Dollar Reigns Supreme
Sterling crumbles as no-deal Brexit risk returns
Aussie gets a lift from politics, but outlook still grim
Dollar continues to reign supreme as...
AUD/USD Outlook: Aussie Bounces On Election Surprise But Expectations Of Rate Cut Weigh
The Australian dollar rallied in early Monday's trading, boosted by unexpected election victory of country's center-right coalition.
The pair opened on Monday with gap-higher and...
AUD/USD Continuation Of The Rebound
Pivot (invalidation): 0.6890
Our preference Long positions above 0.6890 with targets at 0.6935 & 0.6950 in extension.
Alternative scenario Below 0.6890 look for further downside with...
Aussie Jumps After A Surprise Victory By Conservatives
The Australian dollar jumped today after a surprise election victory by the conservatives. The Prime Minister’s party defied polls to win more than 77...
Aussie Reverses Its Losses In The Asian Session
For the 24 hours to 23:00 GMT, the AUD declined 0.39% against the USD and closed at 0.6865 on Friday.
LME Copper prices declined 1.1%...
Market Morning Briefing: Euro-Yen Has Moved Up Slightly
STOCKS
Asians are trading mixed as further developments on the US-China trade talks remain uncertain. However, the domestic indices, the Sensex and Nifty are set...
Week Ahead: Geopolitics to Dominate Agenda Again
This week, we have seen big moves in the stock markets, pound and emerging market currencies, with China’s yuan bearing the brunt of the...
NZD/USD Remains Near 0.6547
The New Zealand Dollar depreciated about 33 base points against the US Dollar on Friday. The currency pair tested the 0.6520 mark during Friday's...
Week ahead – European Elections & PMIs, Fed Minutes, and Much More
While lacking in central bank meetings, the coming week is still a busy one. A poor showing by the UK Conservatives in the European...
NZD/USD Sell Signals Today
The New Zealand Dollar depreciated about 54 base points against the US Dollar on Thursday. The currency pair breached both the monthly pivot point...
Trump Triggers Trade War Fears, NZD In Demand
Surprise..Trump triggers trade-war fears
Worries over U.S economic sanctions on Huawei and spillover effect on trade negotiations. China has communicated to retaliate against Thursdays Trump...
Sterling Declines After Theresa May Starts Countdown To Resignation
Sterling declined after a report that Theresa May had accepted to resign as Prime Minister. According to the Financial Times, she has told senior...
Fluid Situations
Fluid situations
Global markets took an upbeat tone overnight, preferring to concentrate on known knowns rather than known unknowns or unknown unknowns. Following Washington’s decision...
NZD/USD Likely To Aim For 100-Hour SMA
The Decline of the New Zealand Dollar against the US Dollar continued during yesterday's trading session. The currency pair depreciated about 30 base points...
NZDUSD Eyes Descending Line Following Touch On 1-Week Low
NZDUSD declined earlier on Thursday, hitting a one-week low of 0.6544 but the price recovered most of its lost ground immediately. What remains to...
NZD/USD Could Accelerate Decline Below 0.6540
Key Highlights
The New Zealand Dollar is in a strong downtrend below 0.6600 against the US Dollar.
A major bearish trend line is forming...
NZD/USD Could Still Edge Lower
The New Zealand Dollar depreciated about 25 base points against the US Dollar on Tuesday. The pair was pressure down by the 50-hour simple...
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