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After the disappointing U.S. Nonfarm Payrolls for September released on Tuesday, Initial Jobless Claims reached 350,000 this week, after analysts had forecasted 340,000. At present, markets appear to...
Market CommentaryThe Dollar Index (DX) is just hanging around at historic support of 78.80-79.00 to currently trade at 79.26. Further weakness can be expected on breach of 78.80 ranges wherein DX...
EUR/USD poised at critical barrier at 1.3835; above target 1.4000 A firm, but cautious upsides follow-through of the robust extension through 1.3711, the 2013 peak and this has now shifted the threat...
AUDUSD – Pulls Back Into Resistance Zone, Then Sells Off Yesterday in our daily market commentary, we commented on how the bearish engulfing bar likely took out the stops of some medium/longer...
As expected, the Bank of Canada decided to hold its key rate steady at 1%. The rather accommodating tone of its press release confirms its intention to maintain its current monetary policy for some...
EUR/USD What Forex Target Traders See: We are currently sitting at 1.3808. In a nice wave that still has room to the top. Looking for the following T1=1.3853 – looking for the 1.4000 area...
Big Week Ahead For The DollarEUR: Shrugs Off Weaker German IFOGBP: GDP Growth Accelerates In Q3NZD Extends Losses On RBNZ CommentsAUD: All Eyes On Chinese DataCAD: Oil And Gold SteadyWhy USD/JPY...
Talking PointsA bearish Dark Cloud Cover pattern hints 1.6235 (23.6% expansion) is a possible double topInitial support is at 1.5918 (23.6% retracement); a break lower exposes 1.5707 (38.2% Fib)A turn...
GBP/USD (daily chart) has stalled for the past week in a tight, low-volatility consolidation just below major resistance at 1.6300. The 1.6300 level is an exceptionally strong resistance area, as it...
Sterling’s recent strength against the US dollar has been confusing. With the pound currently trading slightly above 1.62 USD, this is making UK exports even more uncompetitive and making it...
With only second tier U.S. data on the calendar, the dollar is trading higher against most of the major currencies but its gains are small because today's move represents nothing more than a relief...
EUR/USDThe pair finished the week higher, after the release of less than impressive NFP jobs reports by the BLS, together with subsequent talk of a think tank report opining that the Fed may postpone...
Currently we are at 1.0439 at the end of the third wave. This is a two-part trade opportunity. 1) We are looking for a bullish continuation to the resistance area at 1.0469 and 2) the next target the...
While we still look for risk appetite to remain supported in the near term, USDJPY and the Nikkei are now both trading at key downside levels, providing warning signals of a potential ensuing...
The British pound is showing little movement in Friday trading. In the European session, GBP/USD is trading close to the 1.62 line. Taking a look at economic releases, British Preliminary GDP posted a...