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Market analysts have offered a number of reasons for the PBOC’s dramatic revaluation of the yuan, including China’s desire to have the currency added to the IMF’s SDR basket of...
Talking Points:USD/JPY Technical Strategy: Flat Support: 124.56, 124.12, 123.41 Resistance: 125.20, 125.88, 126.43 The US dollar paused to digest gains after rising to the highest level in two months...
Talking Points:US Dollar Technical Strategy: Holding Long Support: 11985, 11937, 11898 Resistance: 12043, 12149, 12203 The Dow Jones FXCM US Dollar touched the strongest level in four months but...
Talking Points:EUR/USD Technical Strategy: Flat Support: 1.0988, 1.0875, 1.0818 Resistance: 1.1047, 1.1121, 1.1195 The euro is working on a sixth consecutive day of gains against the US dollar after...
Market Commentary The surprise Yuan devaluation has continued to change the market dynamics with mixed impact on the G10 space. EUR/USD continues its 1 week upside trend hitting a high of 1.1089...
GBP/JPY Daily OutlookDaily Pivots: (S1) 194.20; (P) 194.59; (R1) 195.21; No change in GBP/JPY's outlook. Further rise cannot be ruled out. But at this point, we're holding on to the view that...
Following China’s devaluation on Tuesday of the yuan, the USD/CNY currency pair has surged, reaching as high as 6.4477 so far today. It has now reached the most overbought level on a weekly...
AUD/USDMarket Scenario 1: Long positions above 0.7341 with targets at 0.7401 and 0.7498. Market Scenario 2: Short positions below 0.7341 with targets at 0.7244 and 0.7184. Comment: The pair fell to...
Talking Points:EUR/GBP Technical Strategy: Flat Support: 0.7060, 0.6930, 0.6874 Resistance: 0.7097, 0.7141, 0.7206 The euro is attempting to break resistance capping gains against the British pound...
Talking Points:USD/CAD Technical Strategy: Flat Support: 1.2956, 1.2798, 1.2670 Resistance: 1.3149, 1.3246, 1.3405 The US dollar is digesting losses after breaking two-month rising trend support...
Talking Points:AUD/USD Technical Strategy: Flat Support: 0.7219, 0.7083, 0.6974 Resistance:0.7303, 0.7453, 0.7589 The Australian dollar dipped to the lowest level in over six years in the wake of...
- U.K. Jobless Claims to Increase for Second-Consecutive Month.- Average Weekly Earnings ex-Bonus to Hold at 2.8%- Highest Reading Since February 2009. Trading the News: U.K. Jobless Claims...
Talking PointsSecond Yuan Devaluation Part of “New Normal” for China PBOC Likely to Continue Reducing Yuan Reference Rate The People’s Bank of China (PBOC) surprised markets when it...
For Wednesday’s edition of DecaPip Daily, I would like to turn our attention to the GBP/USD currency and the best way for us to trade this pair.To give a very clear visual snapshot of the...