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Yesterday saw some expected moves - particularly the Continental Europeans that promised a pretty static day. It appears that the 4-hour Price Equilibrium Clouds are guiding these two pairs quite...
The Australian dollar is slightly higher in Asian trading after a round of local data hit the market above expectations.At 3.29pm (AEDT) the Aussie dollar was trading at US73.01c up US72.96c in...
The President of the ECB Mario Draghi has been clear, both at the last press conference and in front of the European Parliament on February 15, that the ECB is determined to achieve its price...
Cable found some support in the last few sessions near 1.3850 where wave 3) might complete its extended structure from 1.4580. That said, we expect to see a deeper corrective bounce up in red wave 4);...
New York Forex Report: Oil price declined over the European morning today as a report from the American Petroleum Institute aid that US crude inventories had actually increased by 9.9 million barrels...
The EUR/USD has been in a tight bear channel for 15 days. This is unsustainable and therefore climactic, but climaxes can go a long way before they transition into a trading range. While it is...
Favour Fading Bounce In AUD/USDAustralia’s Q4 GDP data was better than expected, with the economy growing a solid 3.0% y/y versus expectations for a 2.5% print. Rate market pricing for the RBA...
The credit rating agency downgraded its outlook on China’s government bonds from stable to negative, citing rising government debt, falling currency reserves and uncertainty over...
NZD/JPYCurrently we are 75.37 in a large range. We are looking to continue to the support at 74.77. The next target is the range bottom at 73.56. The average daily true range (ATR) for the pair...
Deflation is portrayed as the great economic scourge. It exacerbates debt servicing costs and encourages consumers to defer purchases. Central banks in Japan and Europe have responded with...
USD/JPYWith the pair taking back its Monday losses to close higher on Tuesday, further upside pressure is now underway. This development leaves the pair targeting the 114.86 resistance zone. On the...
After strong gains on Tuesday, USD/CAD is steady in Wednesday’s European session. The pair is currently trading at 1.3460. On the release front, we’ll get a look at key US job numbers,...
Market Drivers Mar. 2, 2016 AU GDP Blows past estimates UK PMI Construction weaker Nikkei 4.11% Dax 0.12% Oil $33/bbl Gold $1231/oz Europe and AsiaAUD: GDP 3.0% vs. 2.5%GBP: UK PMI Construction 54.2...
EUR/AUD - lowest level in two months Declines accelerated after EUR/AUD broke below support at 1.5270. Today price tested next support at 1.5000, but currently there are no signs that declines may...
The EUR/USD pair has broken its upward channel on a 4 hour time frame. The price is trading below its downward trend line and this is a confirmation that the bias is skewed towards the downside. We...