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No change. The euro still looks to be under pressure at the moment, especially since we are below 1.3500. The daily charts as you can see are converging to show a move lower. For the moment it is...
GBPJPY – Major Support Coming Up After breaking through the first support level at 158.45, the pair has now closed for its 3rd bearish day in a row and seems to be tempting a 4th. The next place...
The past two days I have been waiting for the dollar to extend losses. This seems most logical when looking at the dollar Index and the USD/CHF daily charts. However, the market has been extremely...
Dollar and Equity Quiet Unlikely to Last The volatility measures paint the picture well for the dollar, broader FX landscape, and general capital markets. Conditions are quiet. Too quiet. Though we...
Kiwi Dollar traded sharply lower today once more, extending the losses suffered yesterday. The instigator appears to be the weaker than expected Trade Balance (Aug) which came in at a NZD 1.1 Billion...
The AUD/USD has enjoyed a solid run over the last few weeks which has been punctuated by a strong surge higher last week sending it to a three month high just above 0.95. In the last week or so it has...
Throughout the second half of August the GBP/USD slowly but surely drifted lower away from the resistance level 1.57 and back down below 1.55 however this all now seems a distant memory. In the last...
US Dollar Rallies But Yields Continue To FallEUR: German IFO, ECB TalkGBP: UK Policymakers Comfortable With Current StimulusCAD Shrugs Off Stronger Retail SalesNZD: Hit By Fonterra EarningsAUD: No...
I'm seeing a lot of what looks like reversal patterns forming on the daily charts in the forex market, but rather than trading the reversal, I'm waiting for the reversal to end and a resumption of...
GBP/USD is weakening in Tuesday trading. The pair dropped below the all-important 1.60 in the European session, and continues to edge lower. In economic news, British BBA Mortgage Approvals fell short...
Focus: As long as the price stays above the upward trend line, the target for the upside could be the 100.37 resistance zone, and a break above that will open the room for a further upside with next...
This morning’s U.S. economic reports validate the Federal Reserve’s decision to wait to taper. According to the Conference Board, consumer confidence declined in the month of September,...
EUR/USDThe pair finished the London session lower following the release of weaker-than-expected IFO data from Germany, which occurred as a result of disappointing exports. Additionally, the data was...
By our own admission, we’ve just about run out of zany rhymes for the “Great Taper Caper” to describe the Federal Reserve’s ongoing threat to slow the growth of its monstrosity...
EUR/USD has posted modest losses on Tuesday, continuing the downward trend which started on Monday. In Tuesday’s North American session, the pair is trading in the high-1.34 range. After a...