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Key Highlights · Aussie dollar traded lower this week against the US dollar and looks set for more declines. · There was a support trend line formed on the hourly chart, which was...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. We know that when Chinese markets are open they can wreck havoc on currencies and equities. But when they are closed, the same...
Patience certainly has been a virtue in CurrencyShares Japanese Yen ETF (N:FXY), but the last few sessions of straight-up price action appears to be the upside breakout from an 18-month bottom...
EUR/PLNSingle currency to Polish zloty moved above 4.3894 and 38.2% Fibonacci retracement (upward move from December lows) during few last session. Horizontal level had an important role at the end of...
This week in China is highlighted by their Lunar New Year, a break for the markets that could seriously use it, giving Chinese policymakers time to dwell on their strategies for tackling one of the...
After Friday’s not-as-bad-as-it-looks NFP report, traders were optimistic that we would see risk sentiment return with Chinese markets on holiday this week, but so far those hopes have not been...
Since the December 3 bull-trend reversal, I have written every day that a 2nd leg up was likely, but that the pullback from that bull breakout could last a month or more. Last week was the 2nd leg up....
The GBP/USD has spiked above 1.4600 zone, and as I have shown in the latest AUD/USD coverage, very often a retracement is mistaken for a trend change - which is wrong. Similarly to AUD/USD (which has...
Trade of the Day: AUD/JPY retreated with risk off sentiment developing since Friday’s mixed NFP data. With China out for New Year and local data light, expect some consolidation after the sharp...
AUD/JPYCurrently we are 82.16 in a 3rd wave. We are looking to continue to the S5 at 81.30 and then correct to finish near 78.75. The average daily true range (ATR) for the pair currently is 150...
GBP/USD: Having declined on further weakness during Monday trading session, GBP/USD looks to weaken more on bearishness. On the downside, support lies at the 1.4350 level where a break will turn...
EUR/USDIn last Thursday we could spot an attempt to break the 1,1250 area, where at least two Fibonacci levels are located. First one is the 61.8% of 24th August bear move - price didn't really test...
The Australian dollar is flat on Monday, trading just shy of the 0.71 line in the European session. On the release front, there are no major events out of the US to start off the week. In Australia,...