Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry...
Forward Guidance: GDP Data to Help BoC Weigh the Cost of “Insurance”
After keeping noticeably quiet in recent months, the Bank of Canada gave us a bit more food for thought this week. Unsurprisingly, trade tensions...
RBA: Ideas for Unconventional Monetary Policy
The minutes of the November monetary policy meeting of the Reserve Bank Board give us no significant reason to change our view that the...
Cliff Notes: Conditions to Remain Challenging in 2020
Key insights from the week that was.
It has been a quiet week for data, leaving the market to focus on whispers around the possible...
Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry...
Fundamental Analysis
Forward Guidance: GDP Data to Help BoC Weigh the Cost of “Insurance”
After keeping noticeably quiet in recent months, the Bank of Canada gave us a bit more food for thought this week. Unsurprisingly, trade tensions...
Fundamental Analysis
RBA: Ideas for Unconventional Monetary Policy
The minutes of the November monetary policy meeting of the Reserve Bank Board give us no significant reason to change our view that the...
Fundamental Analysis
Cliff Notes: Conditions to Remain Challenging in 2020
Key insights from the week that was.
It has been a quiet week for data, leaving the market to focus on whispers around the possible...
Fundamental Analysis
Weekly Focus: Market Jitters Due to Trade Deal Uncertainty
Market Movers ahead
Focus continues to be on US-China trade talks and the scope for a phase-one deal. We expect a deal to be...
Technical Analysis
EUR/GBP: Sterling Downside Could be Limited
If the Bank of England were voting for a rate change today, this morning’s disappointing UK PMI data may have encouraged one or two...
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RBA: Ideas for Unconventional Monetary Policy
The minutes of the November monetary policy meeting of the Reserve Bank Board give us no significant reason to change our view that the...
FOMC Minutes Revealed that Most Members Saw Current Rate Level as Appropriate
The FOMC minutes for the October meeting revealed that most members judged that the monetary easing was enough to support growth. However, they continued...
RBA Minutes Signal that the Board is in “Monitoring” Mode
The minutes confirm the RBA’s easing bias but suggest they will hold rates in December in order to monitor incoming data. We continue to...
RBA Minutes: Members Considered Rate Cut This Month. Disappointing Job Report Raises the Case for Further Easing
RBA’s minutes for the November meeting sent a more dovish tone than expected. At the Statement of Monetary Policy, the members noted that “the...
Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry...
Cliff Notes: Conditions to Remain Challenging in 2020
Key insights from the week that was.
It has been a quiet week for data, leaving the market to focus on whispers around the possible...
Weekly Focus: Market Jitters Due to Trade Deal Uncertainty
Market Movers ahead
Focus continues to be on US-China trade talks and the scope for a phase-one deal. We expect a deal to be...
Sunset Market Commentary
Markets
Markets were whipsawed by conflicting trade headlines all week but today the focus went to the data for a change. German growth has been...
USD/CAD Outlook: Loonie Extends Recovery after Solid Canada’s Retail Sales Data
The loonie advanced against US dollar on Friday, following better than expected Canada retail sales (Sep core 0.2% vs 0.1% f/c) but gains were...
US Open – Trade Equality, PMI Day, Lagarde’s Review, Oil, Gold
US stocks seem set to snap a six-week winning streak as investors seek phase-one trade deal clarity and after a batch of mixed European...
USD/JPY Outlook: Double Bear-Cross Maintains Pressure For Renewed Test Of 108.29 Fibo Support
The pair eases on Friday after double-Doji with the upside being capped by converged 10/20/30DMA’s.
Fresh weakness comes despite positive signal on Thursday’s strong downside...
USD/JPY Could Decline
Yesterday, the US Dollar consolidated against the Japanese Yen at 108.60. During Friday morning, the USD/JPY currency pair traded at 108.50.
Note that the exchange...
GBP/USD Tests Weekly PP
Yesterday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2900. During Friday morning, the rate was testing the support level -...
EUR/USD Could Condolidate
On Thursday, the EUR/USD currency pair declined to the psychological level at 1.1055. During today's morning, the pair was trying to surpass the given...
Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry...
Weekly Focus: Market Jitters Due to Trade Deal Uncertainty
Market Movers ahead
Focus continues to be on US-China trade talks and the scope for a phase-one deal. We expect a deal to be...
EUR/GBP: Sterling Downside Could be Limited
If the Bank of England were voting for a rate change today, this morning’s disappointing UK PMI data may have encouraged one or two...
Sunset Market Commentary
Markets
Markets were whipsawed by conflicting trade headlines all week but today the focus went to the data for a change. German growth has been...
Market Brief: GBP Hurt by Poor Services PMI
Market update: In FX, GBP and to a lesser degree EUR sold off this morning although both were off their worst lows but still...
US Open – Trade Equality, PMI Day, Lagarde’s Review, Oil, Gold
US stocks seem set to snap a six-week winning streak as investors seek phase-one trade deal clarity and after a batch of mixed European...
EUR/USD Could Condolidate
On Thursday, the EUR/USD currency pair declined to the psychological level at 1.1055. During today's morning, the pair was trying to surpass the given...
Christine Lagarde And PMI’s
Christine Lagarde gave her first proper speech as European Central Bank Governor on Friday morning. Despite three weeks in the job at the helm...
EURUSD 1.1045 Key
The euro currency has moved lower against the US dollar during the European trading session, with the pair now trading below the 1.1060 level....
EURGBP Selling To Lose Steam, Downtrend To Stay In Place
EURGBP recovered a little after taking the shape of a doji near a 6 ½-month trough of 0.8620 on Monday.
In momentum indicators, the RSI...
Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry...
USD/JPY Outlook: Double Bear-Cross Maintains Pressure For Renewed Test Of 108.29 Fibo Support
The pair eases on Friday after double-Doji with the upside being capped by converged 10/20/30DMA’s.
Fresh weakness comes despite positive signal on Thursday’s strong downside...
USD/JPY Could Decline
Yesterday, the US Dollar consolidated against the Japanese Yen at 108.60. During Friday morning, the USD/JPY currency pair traded at 108.50.
Note that the exchange...
CHF/JPY 4H Chart: Moving Towards 108.87
The Swiss Franc has depreciated about 0.75% in value against the Japanese Yen since this week's trading sessions. The currency pair breached the 200–...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.10731
Open: 1.10585
% chg. over the last day: -0.07
Day's range: 1.10538 – 1.10711
52 wk range:...
Looney Strengthens Upon Poloz’s Comments…
The CAD got a boost against the USD yesterday as BoC Governor Poloz poured cold water over the market's rate cut expectations. The BoC...
EUR/JPY Remains Below 120.60
The common European currency traded between the range of 120.40/120.03 area against the Japanese Yen during yesterday's trading session.
Given that the 50-, 100– and...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1062
The EUR/USD is consolidating between the levels of 1.1060-1.1090 and expectations for a test of the resistance at 1.1090 remain intact....
USDJPY Sell Rallies
The US dollar remains vulnerable to further losses against the Japanese yen currency as market sentiment towards Sino-US trade talks is fragile. The USDJPY...
USD/JPY Key Resistance At 108.70
Pivot (invalidation): 108.70
Our preference Short positions below 108.70 with targets at 108.45 & 108.25 in extension.
Alternative scenario Above 108.70 look for further upside with...
EUR/GBP: Sterling Downside Could be Limited
If the Bank of England were voting for a rate change today, this morning’s disappointing UK PMI data may have encouraged one or two...
Sunset Market Commentary
Markets
Markets were whipsawed by conflicting trade headlines all week but today the focus went to the data for a change. German growth has been...
Market Brief: GBP Hurt by Poor Services PMI
Market update: In FX, GBP and to a lesser degree EUR sold off this morning although both were off their worst lows but still...
GBP/USD Tests Weekly PP
Yesterday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2900. During Friday morning, the rate was testing the support level -...
GBP/USD Outlook: Fresh Weakness On PMI Miss Probes Below Trendline/MA Supports
Cable extends weakness into fourth straight day, following rejection on approach to 1.30 resistance zone.
Weaker than expected UK PMI data (Manufacturing Nov 48.3 vs...
GBPUSD 1.2840 Up Next
The British pound has broken below the important 1.2880 support level against the US dollar, following weaker PMI manufacturing data from the UK economy....
EURGBP Selling To Lose Steam, Downtrend To Stay In Place
EURGBP recovered a little after taking the shape of a doji near a 6 ½-month trough of 0.8620 on Monday.
In momentum indicators, the RSI...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.10731
Open: 1.10585
% chg. over the last day: -0.07
Day's range: 1.10538 – 1.10711
52 wk range:...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1062
The EUR/USD is consolidating between the levels of 1.1060-1.1090 and expectations for a test of the resistance at 1.1090 remain intact....
GBP/USD Key Resistance At 1.2930
Pivot (invalidation): 1.2930
Our preference Short positions below 1.2930 with targets at 1.2900 & 1.2890 in extension.
Alternative scenario Above 1.2930 look for further upside with...
Swissie Demand Shrinking Despite Trade War Headlines
The development of the Swissie towards depreciation over the past two weeks appears surprising, as risk-off sentiment tends to favor demand for safe havens....
CHF/JPY 4H Chart: Moving Towards 108.87
The Swiss Franc has depreciated about 0.75% in value against the Japanese Yen since this week's trading sessions. The currency pair breached the 200–...
CAD/CHF 4H Chart: Sets For Breakout
The Canadian Dollar has depreciated about 1.80% in value against the Swiss Franc since last week's trading sessions. The currency pair tested the weekly...
USD/CHF Further Advance
Pivot (invalidation): 0.9915
Our preference Long positions above 0.9915 with targets at 0.9950 & 0.9965 in extension.
Alternative scenario Below 0.9915 look for further downside with...
Switzerland’s Industrial Production Advanced In 3Q 2019
For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CHF and closed at 0.9929.
In economic news, Switzerland's industrial production climbed...
EUR/CHF 4H Chart: Buy Signals
The common European currency has appreciated about 1.21% in value against the Swiss Franc since November 14. The currency pair tested the upper boundary...
USD/CHF Key Resistance At 0.9920
Pivot (invalidation): 0.9920
Our preference Short positions below 0.9920 with targets at 0.9885 & 0.9870 in extension.
Alternative scenario Above 0.9920 look for further upside with...
US Dollar Unchanged As Minutes Reveral An Upbeat FOMC
Global stocks declined as the market continued to worry about trade. In the United States, the Dow and S&P500 declined by 112 and 11...
Swiss Franc Trading A Tad Lower In The Morning Session
For the 24 hours to 23:00 GMT, the USD slightly rose against the CHF and closed at 0.9905.
In the Asian session, at GMT0400, the...
USD/CHF Turning Down
Pivot (invalidation): 0.9910
Our preference Short positions below 0.9910 with targets at 0.9895 & 0.9885 in extension.
Alternative scenario Above 0.9910 look for further upside with...
Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry...
Forward Guidance: GDP Data to Help BoC Weigh the Cost of “Insurance”
After keeping noticeably quiet in recent months, the Bank of Canada gave us a bit more food for thought this week. Unsurprisingly, trade tensions...
Canadian Retail Sales Edge Lower in September
Canada's retail sales fell 0.1% (m/m) in September, following an upwardly revised 0.1% uptick in August (previously reported as a 0.1% decline). The...
Canada: Retail Sales Took a Breather in September
Retail sales edged down 0.1% (both nominal and real)
Sales volumes were up an annualized 1.9% in Q3
Building material stores posted a...
USD/CAD Outlook: Loonie Extends Recovery after Solid Canada’s Retail Sales Data
The loonie advanced against US dollar on Friday, following better than expected Canada retail sales (Sep core 0.2% vs 0.1% f/c) but gains were...
CAD/CHF 4H Chart: Sets For Breakout
The Canadian Dollar has depreciated about 1.80% in value against the Swiss Franc since last week's trading sessions. The currency pair tested the weekly...
USDCAD’s Price Appreciation May Be Confined By Resistance Structure
USDCAD is attempting to pierce below the 200-day simple moving average (SMA) after its latest recovery from the 1.3041 level, which extended the price...
Mixed Trade Signals Leave Currencies Rangebound, Euro Jolted By Flash PMIs
Conflicting trade signals by China and the United States confuse markets
Loonie surges after BoC’s Poloz dampens rate cut expectations; retail sales eyed...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.10731
Open: 1.10585
% chg. over the last day: -0.07
Day's range: 1.10538 – 1.10711
52 wk range:...
Looney Strengthens Upon Poloz’s Comments…
The CAD got a boost against the USD yesterday as BoC Governor Poloz poured cold water over the market's rate cut expectations. The BoC...
Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry...
RBA: Ideas for Unconventional Monetary Policy
The minutes of the November monetary policy meeting of the Reserve Bank Board give us no significant reason to change our view that the...
Cliff Notes: Conditions to Remain Challenging in 2020
Key insights from the week that was.
It has been a quiet week for data, leaving the market to focus on whispers around the possible...
AUD/USD Pressured By SMAS
The Australian Dollar depreciated about 30 basis points against the US Dollar on Thursday. The currency pair was pressured down by the 50– and...
AUD/USD Watch 0.6770
Pivot (invalidation): 0.6800
Our preference Short positions below 0.6800 with targets at 0.6780 & 0.6770 in extension.
Alternative scenario Above 0.6800 look for further upside with...
Daily Forex Technical Strategy
EUR/USD – Sideways
The pair has continued to churn in a sideways fashion in the past two days. No change, maintain neutrality stance within a...
Australia’s Manufacturing PMI Contracted In November
For the 24 hours to 23:00 GMT, the AUD declined 0.16% against the USD and closed at 0.6787.
LME Copper prices rose 1.0% or $60.0/MT...
Market Morning Briefing: Pound And Aussie Are Trading Lower Today
STOCKS
Equity segment remains mixed. Dow has room to dip in the near-term to test a key support from where it can bounce-back. DAX looks...
AUD/CAD 4H Chart: Could Edge Higher
The Australian Dollar has depreciated about 1.34% in value against the Canadian Dollar since November 7. The currency pair tested the lower boundary of...
As The Hong Kong Bill Passes Through The US Congress…
Tensions may rise even further between the US and China, as the Hong Kong bill passed through the US Congress and is send to...
Week Ahead – Busy US Calendar ahead of Thanksgiving; Q3 Data Eyed by Aussie, Kiwi and Loonie
The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry...
Cliff Notes: Conditions to Remain Challenging in 2020
Key insights from the week that was.
It has been a quiet week for data, leaving the market to focus on whispers around the possible...
NZD/USD Could Edge Higher
After the NZD/USD currency pair tested the weekly R1 at 0.6436 on Thursday, the New Zealand Dollar made a U-turn south against the US...
Poloz Strengthens The Canadian Dollar With His Neutral Stance | EUR/CAD, CAD/JPY
Failing to back up his colleague, CAD bears closed out after Poloz gave his neutral stance. Given the dovish remarks by BOC’s Deputy Governor...
NZD/USD Bounces Off Support
The New Zealand Dollar has depreciated about 36 basis points against the US Dollar since yesterday's trading session. The currency pair tested the lower...
NZDJPY Consolidates Around Sturdy 50.0% Fibonacci Which Denies Advances
NZDJPY is in the process of pushing above the 69.75 restrictive level – which is the 50.0% Fibonacci retracement of the down leg from...
NZD/JPY 4H Chart: Moving Towards Target
The New Zealand Dollar has appreciated about 1.20% in value against the Japanese Yen since last week's trading sessions. The currency pair was guided...
NZD/USD Tests 50-Hour SMA
The New Zealand Dollar has appreciated about 52 basis points against the US Dollar on Tuesday. The currency pair tested the weekly R1 at...
NZDUSD Stalls Near Familiar Resistance Area
NZDUSD pulled below the familiar resistance level of 0.6435 but held within the 0.6400 area, with the momentum indicators pointing to a neutral short-term...
Wilkins Lays The Groundwork For BOC To Ease | AUD/CAD, NZD/CAD
BOC’s Senior Deputy Governor Carolyn Wilkins delivered which appears to be laying the groundwork for a potential cut. Whilst she tips her hat to...
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