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The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EURUSD: Our decision to turn bearish is being frustrated by the lack of downside follow through...
Some economists now see first-quarter growth as negligible, and it could easily turn out to be negative. Economists shaved already weak growth forecasts by a few more tenths Friday, after wholesale inventories fell 0.5 percent month over month in February, much more than the anticipated 0...
The Japanese yen was the king in the past week, frustrating Japanese officials. Inflation data in the UK and the US, Retail sales PPI, and Consumer sentiment in the US, rate decisions in the UK and Canada, Employment data in Australia stand out. These are the main events on forex calendar...
A series of dovish comments and the FOMC statement have reduced the forecasted number of rate hikes by the U.S. Federal Reserve in 2016 which in turn have weekend the U.S. currency against majors...
Gold price rallied for a second consecutive week with the precious metal advancing 1.26% to trade at 1237 ahead of the New York close on Friday. The advance comes amid weakness in broader equity markets with all three U.S...
The onshore and offshore Yuan rates moved in opposite directions this past week: the offshore Yuan (CNH) held a bearish position against the US Dollar while the onshore Yuan (CNY) closed slightly higher on Friday...
The Australian Dollar turned sharply lower against its leading counterparts last week, issuing the largest weekly decline in three months. The way forward may continue to prove challenging as external and domestic news-flow conspires to feed selling pressure...
The Bank of England’s (BoE) April 14 policy meeting may spur a limited market reaction as the central bank is widely anticipated to retain its current policy ahead of the referendum in June, but signs of sticky U.K...
The Dollar was little changed this past week – which is animpressive turn of events for the currency considering the previous bouts of painful selling...
The Canadian Dollar has been on a run that likely has more gas in the proverbial tank that could mean further CAD gains...
$EURUSD What ProAct Forex Target Traders See: We are currently sitting @ 1.1401 and potentially still in a large range. We are looking for a continuation move OUT to the Day chart top (which indicates trending) @ 1.1470) and a possible high at the 1.270 Fibo @ 1.1537...
A choppy trading week comes to an end, with EUR/USD finishing at the starting point but leaving fresh year-to-date highs marked...
Oil prices rallied on Friday underpinned by optimism of an output freeze deal between OPEC and non-OPEC producers and signs of decreasing supply in the US. WTI futures gained more than 6% on Friday to close at $39.72 a barrel, recording an 8.0% weekly gain...
The World Is Changing – Technology Is Everywhere Financial Trading used to be an exclusive elite club – only a few lucky ones could join. There were guys on the trading floors shouting and screaming all day long – making and losing fortunes...
Despite more expansionary ECB policies, the euro has appreciated considerably. As far as moves against the US dollar are concerned, this is partly due to markets having lost faith in a tightening of US monetary policy. What is more, the ECB has ceased to talk the euro down...
First, a few words about the forecast for the previous week: ■ giving forecast for EUR/USD, we assumed that the front line between the "bulls" and "bears" would be held at the level of 1.1400. However, the fact that their forces are so equal was a surprise...
Money talks and bs takes the bus. For Algonell, the Scientific FX Trading innovator, January was one of the best months to trade for the past two years. February just kicked us right in the face. March was positive and spiky. Eventually we ended Q1 with 8000 pips...
GBPUSD is on the brink of finishing another week in the red. The pair has now spent the better part of ten months trending lower, not including the selloff that began in July of 2014...
With everyone's focus sharply attuned on anything to do with the Fed's rate hike policy, many will probably wonder why yesterday the Fed announced that this coming Monday, April 11, the Fed will hold a closed meeting "under expedited procedures" during which the Board of Governors will review and...
