GBP/USD has stabilized after a sell-off from the 1.51 handle to test the support base made up of the 200 SMA and 100 SMA on the 1hr time frame. The 38.2% fib at 1.5057 is also located in this cluster...
RBC Capital Markets explained that with the first UK rate hike not fully discounted until early-2017, the hurdle is low for this week’s MPC minutes and BoE speakers to be taken as GBP-positive...
The Nikkei rebounded on Monday, adding 0.99% or 195 points to end the day at 19,698.15, on improved market sentiment following an upbeat US jobs report on Friday, which kept the yen weak against most of its major rivals...
Many investors of Eurozone fixed their profit and it hepls to will drive down the EURUSD conversion. Analysts at Deutsche Bank have confirmed the warnings: the euro to dollar exchange rate will decline significantly over the longer-term...
AUD/USD lost its steady form on the previously robust 0.73 handle in the wake of demand for the greenback, starting in late Asia and following through as markets prepare themselves for a Fed hike this month...
After the post ECB meeting, when Draghi jawboned the euro lower to end the week and cool the single currency down a bit, EUR/USD is oscillating in a 20 pip range around mixed commentary from Fed's Bullard calling out the Fed's poor judgment in respect to inflation and saying that forecasts are un...
USD/CAD broke above the 1.3500 level and posted its highest level since June 2004 as the loonie has continued to weaken weighed by falling oil prices, as WTI hits its lowest price in 6 years below $38 a barrel...
Gold prices slipped on Monday, with spot down about $10.00 as the American dollar strengthened against all of its major rivals. Investors are again focusing on a possible rate hike in the US next week, retaking the short positions closed by the ends of the previous week...
The GBP/CAD cross soared on the back of oil’s slump, which resulted in the Canadian dollar plummeting against all of its major rivals and sending GBP/CAD to 2-month highs. The rally extended to 1.0375, through a major resistance level, as selling interest had contained advances around 2...
US Dollar: There are two main high impacted news events which can affect on US Dollar movement for this week: 2015-12-11 13:30 GMT | [USD - Retail Sales] 2015-12-11 15:00 GMT | [EUR - University of Michigan Consumer Sentiment] Economists expect for Retail Sales to be increased 0...
EURJPY: With EURJPY under pressure, further weakness is envisaged on pullback in the days ahead. This is coming on the back of its Friday’s lower close on loss of upside momentum. This price development has left the cross targeting the 133.00 level. A break will aim at the 132.50 level...
The weakness around CAD remains unabated today, with USD/CAD in fresh cycle highs beyond the 1.3500 handle. USD/CAD above 1.35 on oil slump The pair is advancing for the third consecutive session so far, trading in levels last seen in June 2004 around 1.3510...
we can see at the H1 chart, the market is forming the zigzag in the wave (y). On the minor wave level, the pair may continue forming the ascending impulse in the wave c, which may be followed by a new descending movement of the price...
Australian Dollar continues forming the wave 4, which may be taking the form of the double three. Possibly, in the future the current correction may continue...
At the H1 chart, the price has finished the diagonal triangle in the wave (v), the descending wave (a), and then started forming the wave (b). On Monday, the market is expected to complete it and resume falling inside the current correction...
H4 price broke 100 period SMA together with 200 period SMA from below to above in the end of the previous week, and the price was corrected to be bounced from 1.0980 resistance level back to 1...
EUR/NZD: bullish ranging. The pair is bullish on market condition: price is located above Ichimoku cloud in the primary bullish area of the chart with the local downtrend as the secondary correction breaking 1.6017 support level and 1...
This week is a kind of a buffer zone between two five-day intervals full of crucial market events...
The wave (v) is quite complicated. In the future, the price may continue the fourth correctional wave of the current impulse. However, if the market breaks the maximum of the wave [i] or [a], the pair may continue forming the wave 4...
