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With USD/CHF selling off strongly the past week, a follow-through lower is envisaged in the new week. On the downside, support comes in at the 0.9400 level. A turn below here will open the door for...
EUR/USD: We are currently sitting at 1.1367. Structure shows a 3rd wave completion. We are looking for a correction and then resumption to the day chart top at 1.1473. The average daily true range...
EUR/JPY extended its recovery on Thursday, leaving risk of additional strength on the cards. While the 137.05 level remains as support, its short term uptrend remains intact. Resistance lies at the...
Earlier this week, my colleague Chris Tedder noted that NZD/USD had “a new lease on life” after a nearly 15% rise in this week’s GDT auction (dairy products are New Zealand’s...
USD and EM currencies experience softness, as next week sees Eurozone CPI, UK GDP and US durable goods take focus.There have been two overriding themes in FX markets this week: the softer USD and the...
EUR/GBP: Sees Price Extension With Eyes On 0.7222 LevelEUR/GBP: With the cross strengthening further on Friday following its Thursday gain, further bullishness is likely towards its key resistance...
Forex News and EventsTsipras resigns and stock markets fall sharply Yesterday, against all odds and after a nine-month mandate which has seen an agreement on a €86bn bailout, Tsipras resigned. He...
Divergent trading themes confuse markets EM Currencies print multi year lows China has reason to adjust its RRR this weekend Geopolitical worries supports safe haven demand It’s relentless and...
Market Commentary USD remains soft as uncertainty about the Fed’s timing of a rate hike prevails. Thursday’s US data took us no nearer to a conclusion as to when the FOMC will begin the...
Canada Consumer Price Index (CPI) to Increase for Third Consecutive Mont.- Core Rate of Inflation to Climb for Second Month to Annualized 2.4%. For more updates, sign up for David's e-mail...
The dollar slumped to session lows against a basket of other major currencies on Thursday, after the minutes of the Federal Reserve’s latest meeting gave no clear indication on the timing of an...
GBP/USDSterling vs. dollar is moving above 61.8% Fibonacci at 1.5700, which is a positive sign. RSI14 started to move higher comparing with yesterday’s signal, while ADX is also...
EUR/USDEUR/USD surged more than 1% extending considerable gains from the prior session, as currency traders analyzed dovish minutes from the Federal Open Market Committee's July meeting, which provide...
For the 24 hours to 23:00 GMT, the AUD weakened 0.21% against the USD to close at 0.7336. LME Copper prices rose 1.08% or $ 54.0/MT to $ 5060.5/MT. Aluminium prices rose 1.45% or $22.0/MT to...