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NZD/USD has posted slight losses on Monday, following excellent gains last week. In the North American session, the pair is trading at 0.6860. On the release front, it’s a quiet start to the...
New York Forex Report: The new week kicked off with a quiet session over the European morning as markets digest the moves seen into the back end of the week and now await the release of the March FOMC...
Instead of a gap between the pullback from the breakout and the old high, there was a little overlap. This is a Negative Gap, but it still can lead to a measured move up. The EUR/USD daily chart had a...
USD/CHF Open 0.9587 High 0.9616 Low 0.9563 Close 0.9577On Friday dollar/franc increased with 50 pips. The European currency appreciated from 0.9563 to 0.9616 last Friday, matching the positive money...
The Australian dollar has kicked off the week with sharp losses on Monday, as AUD/USD trades at 0.7630. In Australia, Building Approvals posted a gain of 3.1%, but Retail Sales disappointed with a...
Forex News and EventsRisk of more easing bias in RBA (by Peter Rosenstreich) Overnight, Australian February retail sales m/m disappointed, coming in unchanged against 0.4% expected. These weaker sales...
EUR/USD: Market Shrugged Off Strong US Jobs Report And Still Does Not Believe In June HikeThe Labor Department said US nonfarm payrolls rose by 215k last month and the unemployment rate edged up to...
GBP/JPY Daily OutlookDaily Pivots: (S1) 157.70; (P) 159.71; (R1) 160.72; The breach of 158.42 support suggests that rebound from 154.70 is completed at 164.09. And, fall from there is resuming....
London Forex Report: Friday’s nonfarm payroll release bested estimates and strengthening the case for tighter monetary policy this year albeit at a very moderate pace. Employers added 215k jobs...
USD/JPY is showing marginal movement on Monday, as the pair trades at 111.60 in the European session. On the release front, it’s a quiet start to the week. In the US, today’s highlight is...
WTI Crude collapsed during trading last week following the unexpected statement from Saudi Arabia stating that any output deals would be dependent on Iran’s participation, which consequently...
EUR/USD further upside directionThe EUR/USD started pushing higher after Yellen’s comments last week. The EUR/USD is attempting to have a bullish breakout after an increase in US unemployment...
This week the scorecard recommends buying USD, CHF and EUR while selling NZD, JPY and AUD.Last week's signals resulted in a 0.3% gain. Next scorecard signals will be sent out 11 April. To read the...
The euro is flat on Monday, as EUR/USD is trading at 1.1370 in the European session. On the release front, Eurozone Unemployment Rate remained at 10.3%, matching the forecast. Spanish Unemployment...
USD/CAD back to touch highs as it underpins long-term supportThe USD/CAD decreased for nine consecutive weeks as the pair hit fresh 2016 lows near 1.2857. This long-term support level provides signals...