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I had expectations for a stronger directional move to develop on Friday, but clearly that did not come to pass. Indeed, the move higher in EUR/USD to 1.0627 was exactly the same type of move that we...
EUR/USD What ProAct Forex Target Traders See: We are currently sitting at 1.0584 near the bottom of the day chart trend. We anticipate a 4th wave correction and then resumption to the target at...
Japan’s nationwide core consumer price index, which includes oil products but excludes volatile fresh food costs, fell 0.4% in October from a year earlier after a 0.5% drop in September,...
In the Currency Strength table the USD was again the strongest currency while the EUR was again the weakest. The AUD recovered from the strong pullback of the previous week and the GBP remains around...
The Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: USD(5X) followed by the NZD(3x) and the AUD(2X). The weaker currencies...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. In a matter of 3 weeks, the U.S. dollar appreciated more than 6 percent versus the Japanese yen and nearly 4 percent versus the...
EUR/JPY is trading higher with sharp price move for the last few weeks, which looks like an impulse as shown on the 4h chart. As such, we are looking at a new wave count which shows idea of a...
The November nonfarm payrolls report will likely be the highlight of the coming week as it will be the last before December’s FOMC meeting. There will be plenty of other major data for the US,...
It’s been a slow start to trading on Friday, with yesterday’s bank holiday in the US weighing heavily on volumes and a severe lack of news flow leaving markets void of any significant...
Forex News and EventsCopper rally to accelerate? (by Peter Rosenstreich)Metals continue to rally amid speculation of a President Trump infrastructure spend and declining global inventories. Copper...
GBP/USD is neutral since today's opening trading sessions. The pair seems to be confused between 1.2428 low and 1.2457 high zone. Although US dollar is hiking at a fast pace, peeking at new highs...
The data released in Japan showed consumer price index (CPI) dropped for an eighth straight month. The headline figure remained unchanged at 0.1%, while, the core CPI dropped 0.4% y/y in October....
Gold Technical Levels to WatchXAU/USD extended further losses in early trading sessions as US dollar peeked to 102.11. Gold dropped to new fresh-March lows touching 1170.99 bottom. US dollar index...
Friday November 25: Five things the markets are talking aboutIt seems that investors are happy to take a breather in this holiday-shortened week as the dollar pares this week’s surge supported...
The Canadian dollar is almost unchanged on Friday, continuing the lack of movement which marked the Thursday session. Currently, USD/CAD is trading slightly below the 1.35 line. There are no Canadian...