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The market extended its slow-motion introversion yesterday. It also added some puzzles with the euro initially losing out against the dollar – then gaining – then losing once more, while...
GBP/JPY: Having rallied to take back its Monday losses on Tuesday, GBP/JPY looks to strengthen more on bull pressure. On the downside, support comes in at the 169.00 level where a violation will aim...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The sharp sell-off in Chinese stocks overnight and the intraday swings in oil kept investors on their toes throughout the North...
It fails!$ $ $ Suppose you had a printing press in your basement along with a supply of perfect paper. You could slip down to your basement and print a batch of perfect $100 notes or 500 euro notes,...
EUR/JPY - double bottom pattern, but demand doesn't look very strongFor almost 3 weeks EUR/JPY moved in a downward channel. All this time the movement was near to key support. On last Thursday, after...
It was a good day for the oil-related currencies, led by the CAD, which broke 1.4100 late in the day after what was a very modest recovery in the WTI/Brent. After dipping onto a USD 29.00 handle, oil...
It was another day of market mayhem in China, where the benchmark Shanghai Composite fell by more than 6%. Unlike some of the other panic episodes we’ve seen so far in 2016 though, the...
Currently we are at 76.81 in a range. We are looking for the break above 77.00 to continue to the 0.500 Fibo resistance at 77.73 with a near term overall target near 78.84. The average daily true...
Market Drivers January 25, 2016 Shanghai sinks -6% Carney testifies Nikkei -2.35% Eurostoxx -1.02% Oil $29/bbl Gold $1114/oz Europe and AsiaNo Data North AmericaUSD: Consumer Confidence 10:00 Another...
The Australian dollar is showing limited movement on Tuesday, as AUD/USD trades at 0.6960 in the European session. On the release front, Australia will release the quarterly CPI report. In the US,...
Will the trend upwards resume?The Australian dollar has corrected upwards from its recently hit 7-year low amid increase in global oil and commodity prices. On Wednesday the 4Q 2015 inflation data...
EUR/USDWill it break out after the FOMC rate announcement and Janet Yellen’s speech or will we see the dollar strengthen once again? 1.08 is very well supported up to now despite any news that...
EUR/USD, is almost unchanged on Tuesday, as the pair trades at 1.0840 in the European session. In economic news, there are no Eurozone releases on the schedule. In the US, today’s highlight is...
The GBP/USD pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the downside. Moreover, the price is also trading below the 50 and 100...
EUR/JPY: With the cross following through higher on Monday, EUR/JPY eyes more strength on correction. Support comes in at the 128.00 level where a break will aim at the 127.50 level. A turn below here...