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The Federal Reserve's real, broad trade-weighted dollar index rose 2.3% in November -- the largest monthly advance since September 2011. This is the measure that officials and economists use to try to...
The EUR/USD 240-minute chart had a strong selloff to just below the December 2015 low, yet stalled in a tight trading range for 10 days. As with all trading ranges, there are both reasonable buy and...
Thursday was one for sterling, as gains – already under way – were given an added boost from comments from the EU’s Djisselbloem that there may be a way for the UK to have access to...
Sterling has hit its best level since October 6 on the back of comments from UK's Brexit Minister Davis. In answer to questions in Parliament, Davis acknowledged that access to the EU single market...
Currently we are 1.4376 in a channel. We are looking for a continuation move to the range top at 1.4467 and maybe up to 1.4500. The average daily true range (ATR) for the pair currently is 109 pips.
CurrenciesEUR/USD – the strong data out of the US was able to drive the rate lower again to under the 1.06 level. We are currently above this level again, as it appears there are enough buyers...
We got what we have been looking for this morning – a bullish breakout in GBP/USD after yesterday’s trading was not to our liking as we had to give up some monthly gains on the last...
The Sterling Wallowed In The Defensive Track After The BOE Stress Test Result.The British pound retreated at the mid-session on Wednesday after the result of the UK banking system stress test imposed...
GBP/JPY Daily OutlookDaily Pivots: (S1) 140.97; (P) 142.11; (R1) 144.27; GBP/JPY's rally resumed by breaking 141.73 resistance and reaches as high as 143.69 so far. Intraday bias is back on the...
Thursday December 1: Five things the markets are talking aboutIn November, Trump’s surprise U.S presidential win was a boon for the mighty dollar via the markets “reflation” trade...
USD/JPY has edged lower on Thursday, following sharp gains in the Wednesday session. Currently, USD/JPY is trading slightly above the 114 level. On the release front, Japanese Capital Spending posted...
BRITISH POUND RECOVERING AFTER CARNEY'S COMMENTS, AWAITING LOCAL DATASterling found shelter yesterday against the greenback as Carney on behalf of BOE, held the press conference yesterday with...
EUR/USD has edged upwards in the Thursday session, as the pair trades at 1.0625. On the release front, it’s a very busy day. German and Eurozone Manufacturing PMIs both pointed to expansion,...
After a breathtaking rally over the last three and a half weeks, USD/JPY could finally pause for a well-earned rest.Donald Trump’s victory already seems like a long time ago. The most notable...
EUR/USD Weekly Trend: Neutral 1st Resistance: 1.0679 2nd Resistance: 1.0750 1st Support: 1.0555 2nd Support: 1.0518 EUR Recent Facts: 22nd of July 2016, German Manufacturing PMI (key indicator of the...