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The mood across Asian markets improved this morning, amid easing concerns about the global economy and a possible recession in the United States.Market participants are easing up on the risk-off...
Whilst the bias for USD/CHF remains for a break to new lows on the daily chart, we see the potential for a minor rebound for intraday traders as its correction completes.We noted recently that DXY...
Key Highlights The British pound recovered nicely after trading towards the 1.3000 support against the US Dollar. A major bullish trend line is in place with support at 1.3120 on the 4-hour chart of...
Daily FX Market Roundup March 25, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementAfter the big moves in FX last week it was a relatively quiet day for currencies. The US...
The EUR/USD daily Forex chart rallied for 10 days in a bull micro channel. It sold off sharply for 2 days last week. Whenever a market reverses down sharply after reversing up sharply, there is...
Gold prices extend gains on Monday, fueled by the risk aversion that has intensified at the start of a new trade week. The bullion is trading not far from the highs of this month, registered on...
GBP/USD looks to follow through higher on correction. Support stands at 1.3150 level. Further down, support comes in at the 1.3100 level where a break will turn focus to the 1.3050 level. Further...
EUR/AUD Bearish: Currently, we are at 1.5935 in a range and a nice channel. IF we can break the 0.618 Fibonacci here, we are looking for the continuation to the square up at 1.5874. The average daily...
Last week,on Wednesday 20 March, the Federal Open Market Committee of the US kept interest rates on hold in a range of 2.25% to 2.5%. Fed Chair Jerome Powell indicated that US interest rates will stay...
Last week was pretty rough for the US dollar. We witnessed an impressive decline after the FOMC meeting followed by a nice recovery on Friday. On most of the currency pairs on the market, USD is...
There was a lot of volatility in the past week for the EUR/USD. The bulls partied all the way to 1.1450, but the bears had the last word. The pair ended the week at 1.13 having lost most of the gains....
The Federal Reserve was more dovish than expected, but that did not stop the dollar from appreciating against most of the major currencies last week. Even the Norwegian krone, which one would have...
Stocks under pressureThere was a definite air of risk off during trading in Asia this morning as shares and U.S. futures extended declines. The Japan225 index was the worst performer with losses of...
The agitation in financial markets, triggered by a shocking miss in the German PMI last Friday, is evident across a wide spectrum of instruments. The rampant yen is the manifestation of a phase,...
AUD/CHF Daily Chart Watching for Break, Re-test, and Reversal In last week’s price action trade ideas we were looking to see if the price would make a move lower and take out the major daily...