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Markets are off to a ponderous start to the week as theres been essentially no new data to digest over the weekend. Global equities, fixed income, and currencies are all essentially unchanged across...
The AUD/USD is gaining its handle above 0.7500 level and the RBA stayed neutral on recent AUD strength. In my opinion its mainly USD weakness, but commodity prices have improved the last few weeks -...
New York Forex Report: As we kick off a much quieter data week with no central bank events ahead the main story leading markets is the sharp sell-off in oil which comes on the back of data showing...
USD/JPY: With the pair continuing to maintain its downside pressure, further bearishness is envisaged though with caution. However, as long as it can hold and trade above the 110.92/66 support zone, a...
We welcome you to holiday-shortened trading week before the Easter break. Global financial markets will be closed on Good Friday and Easter Monday, which is why we might see a drop in market...
AUD/CHFCurrently we are 0.7359 in a nice range but in a wedge. We are looking to continue to the range bottom at 7297. The average daily true range (ATR) for the pair currently is 111 pips.
GBP/JPY Daily OutlookDaily Pivots: (S1) 160.57; (P) 161.17; (R1) 162.00; Intraday bias in GBP/JPY is neutral with focus on 158.99. Break will target 154.60 low first. Break will extend the larger...
Market BriefCommodity currencies continued to lose ground in Asia as crude oil prices test a key resistance area. The West Texas Intermediate failed to hold ground above the $40 level and even slid...
This week the scorecard recommends buying AUD, USD and GBP while selling JPY, CAD and NZD.Last week's signals resulted in a 0.6% loss. Please note that this week's signals will run slightly longer...
USD/CAD at key levelUSD/CAD is continuing downward movement which was started in mid-January 2016. Currently further direction of the main uptrend is endangered. Because uptrend line was broken (that...
Despite lower GBP/USD we are looking for bearish pattern on EUR/GBP, which means that EUR/USD should then also be at reversal zone this week. On EUR/GBP we see minor bounce at the moment to short-term...
The dollar recovered from a five-month low against most major currencies on Friday, after investors started buying following the selloff posted earlier in the week. For the week, the dollar index lost...
USD/JPYThe USD/JPY pair continued to show some kind of consolidation after achieving sharp collapse after FOMC last week. Stable moves below 112.15 resistance in addition to stable actions below...
Last week saw the euro dollar buoyed by the weaker than expected rhetoric emanating from the Federal Reserve. The subsequent rally has reignited a bullish sentiment for the pair but the question...
Equities were given another boost by the more dovish than expected FOMC announcement last week while dollar tumbled broadly. DJIA closed the week up 389 pts, or 2.3% at 17602.30. S&P 500 also...