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...
The UK voted out with the pound crashing and the euro following. What’s next? Here are opinins from two banks. Here is their view, courtesy of eFXnews: Brexit Wins: GBP/USD Towards 1.20-1.25, EUR/USD Towards 1.06 – SocGen We continue to look for GBP/USD to trade around a 1.30-1...
The Brexit decision had huge market implications with a crash for the pound, falls for other risk currencies and gains for the dollar and the yen. Apart from the Brexit aftershocks, we have US and Canadian GDP data, US Consumer Confidence and other events...
A rising dollar once again! Would that be good or bad for the US economy? As Britain voted on June 23rd to part ways with the EU, besides the yen and the gold safe havens, the US dollar also emerged as one of the beneficiaries...
GBPUSD As expected, GBPUSD is also trading lower since yesterday after the price completed a big corrective retracement labeled as wave IV and made a nice sharp turnaround lower from 1.5014...
That's the one thing I hate about huge moves, it screws up your charts Now the dust has settled somewhat and we're only subjected to 100 pips swings instead of 800 pips swings, we can try and look at the picture we face now...
The results of the UK’s EU referendum will remain the main focus throughout today and a key focal point for the coming sessions, days, and weeks. The true consequences to the UK’s economy and even the true impact on the global economy remain widely unknown...
EURUSD Daily Analysis EURUSD (1.133): EURUSD has reversed its previous losses and remains trading at Monday’s open near 1.13359. Further upside is likely if support is found near 1.130 and the previous minor resistance high at 1...
While the pound is the center of attention ahead of the Brexit vote and the euro will follow the lead, also the safe haven yen has its role...
US New Home Sales indicator is released monthly, and provides analysts with important data the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY...
The volume of retail sales advanced 0.9% in May, as expected, but on top of an upwards revision worth 0.2% for April. Core sales beat by jumping 1.3%, and also here, it comes on top of an upwards revision of 0.2%. USD/CAD slips under 1.2750. The low so far is 1...
