GBP/USD: Further Declines to Follow to 1.4370 - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that following an advance to 1.4769, a fresh 4-month high, the GBP/USD pair plunged to 1.4530". Extra related reading: Brexit Countdown: the "Has Britain Got Talent...
Brexit Countdown: The "Has Britain Got Talent?" Edition Traders got back from a long weekend in London earlier today after May Day celebrations and spring festivals...
Today’s rate cut by the RBA goes beyond risk management, argues Deutsche Bank. "It marks a shift in the near-term target from unemployment to inflation. Given stagnant wage growth, the exchange rate will need to do the grunt work in getting core inflation from 1.5% back above 2...
The DXY $ Index, which has a higher EUR weighting, has briefly declined below the key support at 92.62/25 where fresh buying has been found, notes Credit Suisse. "Resistance for a recovery is pegged at 93.92 initially. Only above 95.20 would mark a near-term base," CS argues...
EUR/JPY: We have turned neutral in the short-term and would prefer to fade upticks or re-establish a bearish view on a break below 121.55 lows. Our downside targets are towards 119.90, near the monthly cloud base and then 118.75/115.35...
For the last six months, US real yields have been falling relative to those in the Eurozone and (even more sharply) in Japan...
In our previous week's post, GBPUSD: Possible End of Bullish Rally!, we laid out 2 possible scenarios regarding the last wave of the possible C. We believed that wave 5 of C would turn out to be an Ending-Diagonal (ED) that would target the upper-bound of the channel...
In our last article on USDCAD, USDCAD: Looking for the "Capitulation of the Capitulated"!, we discussed a potential last move to new lows and even though USDCAD made a new low, we are still not convinced that the bottom is in place...
The dynamics of #USDCAD continues to show all signs of a downtrend. Among the main reasons of it still stands the recovery in oil prices, as well as the general trend of the U.S. currency weakening. Find out more by checking out the Source Link...
Bulls in #GPBUSD are not satisfied with what has already been achieved. The movement resumed with renewed vigor. Climbing develops within clearly designated price channel. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Welcome to my "Strength and Comparison" article for the coming month, the article "Ranking, Rating and Score" has also been published for this month. For analyzing the best pairs to trade looking from a longer term perspective the last 12 months Currency Classification can be used in support...
Welcome to my "Ranking, Rating and Score" article for the coming month, the article "Strength and Comparison" has also been published...
The disappointing US Manufacturing ISM yesterday underscored the soft USD environment of late and sent the trade weighted dollar back to the levels of the end-2014/start-2015...
The #RBA cut the key interest rate to heat up the economy and inflation. What was the reaction of the #Aussie and other currencies in #Forex? Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
After a wide upthrust bar, also marked as heavy supply, on last Wednesday, the Yen broke the support at 107.62 the day after. It broke with healthy volume, and the prices only stopped downtrending on a reverse upthrust, and later a churn, which are volume patterns that show demand...
EUR/USD: Highest Since Chinese Black Monday - FXStreet Valeria Bednarik, chief analyst at FXStreet explained with a new month we start with an old trend, as the greenback kept falling against all of its major rivals this Monday. Key Quotes: "The EUR/USD pair traded as high as 1...
GBP/CAD: Bearish Bias Between 1.78/85 - Scotiabank Analysts at Scotiabank noted that GBP/CAD has consolidated over the past two weeks and the sideways movement in the cross has clearly undermined the broader trend move lower in the pound. Key Quotes: "We see strong resistance overhead at 1...
GBP/USD: Rallies on USD Weakness - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair advanced up to 1.4695, its highest in four months, and holds nearby at the end of the day, with no certain catalyst behind the mode beyond dollar's own weakness...
