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For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.1155. However, data highlighted a rise in July’s consumer prices in Germany and France. In the US,...
Talking Points:-Number of EURUSD shorts increased 29% over last week -3 of 12 currencies show expanding volatility -8 of 12 pairs reflect an extreme SSI reading The DailyFX Plus Breakout2 strategy is...
Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -“The wedge objective has been reached as has the 2010 low at .6560. The next...
Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -“June’s AUDUSD range (3.4%) was the smallest monthly range since October...
The US dollar managed to stabilize during the Asian session, as there was no further devaluation out of China and the previous day’s economic data helped the greenback. In China, the central...
Talking Points:USD/JPY Technical Strategy: Flat Support: 124.12, 123.41, 122.84 Resistance: 124.56, 125.27, 125.85 The US Dollar is marking time against the US Dollar after recording the largest...
Talking Points:EUR/USD Technical Strategy: Flat Support: 1.1121, 1.1047, 1.0988 Resistance: 1.1195, 1.1287, 1.1466 The Euro paused to digest gains below the 1.12 figure against the US Dollar after...
Talking Points:USD/CHF Technical Strategy: Flat Support:0.9726, 0.9617, 0.9529 Resistance: 0.9793, 0.9902, 0.9998 The US Dollar paused to digest losses after issuing the largest daily decline in...
Good morning. Hope all is well! Apologies for not being able to get the forecast out for yesterday due to technical issues. Over the past two days, both US dollar and Japanese yen currencies have been...
AUD/USDShort term Elliottwave view suggests that decline to 0.723 ended wave (Y). Wave (X) bounce from this level is unfolding as a FLAT structure, where wave A ended at 0.7439, wave B ended at...
We rarely check in on the Turkish Lira beyond our weekly Emerging Market FX Rundown, but Thursday’s moves in USD/TRY practically mandate a closer look. Back in June, the incumbent Justice and...
EUR/GBP- Despite the cross’s price hesitation on Thursday, it continues to maintain its corrective recovery outlook triggered off the 0.6950 low on August 5, 2015. On the upside, resistance lies...
Break out of previous range sees further USD/CNY gains into 2016The recent CNY devaluation has resulted in a sharp rally in USD/CNY, with prices clearing previous congestion tops at 6.2760 and...
In the past few weeks, several economists and market analysts have been speculating on the possibility that China will devalue its currency to boost economic growth. Earlier this week, this...
The People's Bank of China devalued the yuan for a second consecutive day on Wednesday, causing another tremor in global markets. Chinese leaders have clearly decided to let market forces dictate the...