Speculation continues mounting is the UK will indeed leave the EU or that there will be a regret on Brexit – Bregret or if you wish, an EU-turn or a Breturn. This big event is already taking its toll on the economy, but provides growth in new words...
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar...
Small steps for the pound but the buyers are gaining traction 1.3420 was resistance yesterday and today and was S&R on Monday too. GBPUSD 15m chart We've hit minor resistance up around 1.3450 and there's more waiting at 1.3470/75. 1...
Can you believe it’s only been four days since Britain has officially voted OUT of the EU? Over the past couple of days the U.K. has lost its Prime Minister, companies have lost millions (if not billions) in financial market losses, S&P and Fitch have downgraded the U.K...
EURUSD Daily Analysis EURUSD (1.105): EURUSD formed a spinning bottom yesterday seeking support at 1.10 with the price action seeing a bullish follow through in early Asian trading today. The gains came after markets started pricing a Fed rate cut this year following the Brexit verdict...
USD/JPY nears Monday's high of 102.48 The pair is just a couple pips below Monday's high as stock markets open. It's bounce day but will it be of the dead cat variety? The strength of the bounce is often a good indicator of the strength of the trend...
The big 100 remains the main level to watch but there's a big level in front of that. USD buyers almost have a case for feeling sorry for themselves after USDJPY was dragged down kicking and screaming by the crosses...
USD/JPY dropped almost 300 points last week, and briefly dropped below the symbolic 100 level. The pair closed the week at 101.76. This week has 9 events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY...
Credit Agricole on the euro We expect the single currency to remain subject to downside risks...
After the UK voted out, there is room for the downside on EUR/USD. Some see 1.05 and some see parity. What about the pound, the protagonist? Here are two more opinions from Deutsche Bank and Credit Agricole: Here is their view, courtesy of eFXnews: Brexit Wins: GBP/USD Towards 1...
After the UK voted out, there is room for the downside on EUR/USD. Some see 1...
Brexit is reality: the UK voted to leave the EU and markets are reacting. The biggest currency impact is seen in the fall of British pound, crashing over 10% at some point against the dollar...
Interpreting your forex charts could be a bit challenging and if you do not analyze with care, you might misunderstand the currency actions. This aspect of Fx (Chart Analysis) is a very sensitive part; which is why your total attention is required for it...
