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Today is the 1st pullback in an 8 day bear micro channel. While there is a parabolic wedge selloff, the odds are this the 1st reversal up will become a bear flag. The daily chart has consecutive sell...
GBP/USD: The pair closed higher on Monday leaving risk higher in the days ahead. On the downside, support lies at the 1.2450 level where a break will turn attention to the 1.2400 level. Further down,...
Key Highlights · The New Zealand Dollar traded lower recently below 0.7100 against the US dollar, and remained under a bearish pressure. · There is a bearish trend line on the 4-hours...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The euro rebounded against the U.S. dollar on Monday for the first time in 11 trading days, ending the longest stretch of...
As we know, the dollar has spiked higher in reaction to the Trump election victory, but more specifically, it has been allowed by the Chinese Government to spike higher against the yuan.Put another...
Daily FX Wrap: GBP catches a firm bid, led by large GBP/JPY order. USD strength fading a little, but dip buyers lurking. A quiet day for news and events, but relatively busy in terms of FX price...
NZD/USD has been steadily declining since November 8th, when it reached 0.7402. Currently trading near 0.7020, the bears seem unstoppable and after a selloff of over 400 pips, it looks like the pair...
The Canadian dollar has posted gains in the Monday session, continuing the upward trend we saw on Friday. Currently, USD/CAD is trading at 1.3460. On the release front, it’s a quiet start to the...
The weekend focus has generally been one of a political nature, with traders, perhaps predictably, gaining confirmation that Angela Merkel will run for chancellor in the German elections in 2017. Many...
Forex News and EventsFocus on USD rally This week markets will further focus on President-elect Trump's picks for high ranking positions. Despite the glaring lack of platform details, investors have...
USD/JPY has posted small losses on Monday. Currently, the pair is trading at 110.70. On the release front, there are no US events on the schedule. In Japan, the trade surplus jumped to JPY 0.47...
Market Drivers November 21, 2016 Profit taking in US yields sends dollar lower Oil remains bid Nikkei 0.77% DAX -0.20% Oil $46/bbl Gold $1215/oz. Europe and AsiaJPY: Trade 47T vs. 41TNZD: Credit Card...
In our last analysis we focused on the NZD/USD. We were not disappointed by the price movement as the NZD/USD went down, which was in line with our expectations. Today we focus on another currency...
USD/JPY: Market Activity Should Be Low This WeekBank of Japan board member Takako Masai said on Monday she was worried about sudden swings in financial markets that could be caused by a high degree of...
EUR/USD has started the new trading week with gains, erasing Friday’s losses. Currently, the pair is trading at the 1.0640 line. On the release front, there are no economic indicators in the...