we can see at the H1 chart, the price is trying to rebound from the retracement of 38.2%. It’s highly likely that on Monday the pair may complete the local correction...
Europound has started an ascending correction as well. The closest is the local group of fibo-levels at 0.7295. Possibly, the market may resume its growth towards upside targets during the day...
At the H1 chart, the price is moving near the local retracement of 38.2%. If the price rebounds from this retracement upwards, it may resume its ascending movement towards upside targets...
In case of Eurodollar, the ascending correction continues; its closest target is at the group of fibo-levels close to the correctional retracement of 50%. If this level is broken, the market may continue its growth towards the retracement of 61.8...
GBP/USD found support at the 1.5040 zone and settled in a slim range just above where it has spent the last hours, unable to pick up momentum either side of the board in the absence of first-tier data...
The New Zealand dollar continues to edge lower versus the greenback as currencies linked to commodities underperform in a quiet session in between major economic events. NZD/USD has dropped more than 150 pips from Friday’s highs, when it reached a 1-month peak of 0...
GBP/USD has stabilized after a sell-off from the 1.51 handle to test the support base made up of the 200 SMA and 100 SMA on the 1hr time frame. The 38.2% fib at 1.5057 is also located in this cluster...
RBC Capital Markets explained that with the first UK rate hike not fully discounted until early-2017, the hurdle is low for this week’s MPC minutes and BoE speakers to be taken as GBP-positive...
The Nikkei rebounded on Monday, adding 0.99% or 195 points to end the day at 19,698.15, on improved market sentiment following an upbeat US jobs report on Friday, which kept the yen weak against most of its major rivals...
Many investors of Eurozone fixed their profit and it hepls to will drive down the EURUSD conversion. Analysts at Deutsche Bank have confirmed the warnings: the euro to dollar exchange rate will decline significantly over the longer-term...
AUD/USD lost its steady form on the previously robust 0.73 handle in the wake of demand for the greenback, starting in late Asia and following through as markets prepare themselves for a Fed hike this month...
After the post ECB meeting, when Draghi jawboned the euro lower to end the week and cool the single currency down a bit, EUR/USD is oscillating in a 20 pip range around mixed commentary from Fed's Bullard calling out the Fed's poor judgment in respect to inflation and saying that forecasts are un...
USD/CAD broke above the 1.3500 level and posted its highest level since June 2004 as the loonie has continued to weaken weighed by falling oil prices, as WTI hits its lowest price in 6 years below $38 a barrel...
Gold prices slipped on Monday, with spot down about $10.00 as the American dollar strengthened against all of its major rivals. Investors are again focusing on a possible rate hike in the US next week, retaking the short positions closed by the ends of the previous week...
The GBP/CAD cross soared on the back of oil’s slump, which resulted in the Canadian dollar plummeting against all of its major rivals and sending GBP/CAD to 2-month highs. The rally extended to 1.0375, through a major resistance level, as selling interest had contained advances around 2...
US Dollar: There are two main high impacted news events which can affect on US Dollar movement for this week: 2015-12-11 13:30 GMT | [USD - Retail Sales] 2015-12-11 15:00 GMT | [EUR - University of Michigan Consumer Sentiment] Economists expect for Retail Sales to be increased 0...
EURJPY: With EURJPY under pressure, further weakness is envisaged on pullback in the days ahead. This is coming on the back of its Friday’s lower close on loss of upside momentum. This price development has left the cross targeting the 133.00 level. A break will aim at the 132.50 level...
The weakness around CAD remains unabated today, with USD/CAD in fresh cycle highs beyond the 1.3500 handle. USD/CAD above 1.35 on oil slump The pair is advancing for the third consecutive session so far, trading in levels last seen in June 2004 around 1.3510...
we can see at the H1 chart, the market is forming the zigzag in the wave (y). On the minor wave level, the pair may continue forming the ascending impulse in the wave c, which may be followed by a new descending movement of the price...
