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Many traders are already looking ahead to the holiday weekend, so it’s difficult to expect much volatility from the remainder of this week’s trade, but there’s one key technical formation to keep an eye on both tomorrow and heading into next week...
USD/CAD Prints Highs Near 1.3270 The offered tone keeps weighing on the Canadian dollar, now helping USD/CAD to regain daily highs near 1.3270...
The holiday shutters most markets today. Several Asian markets were open, and equities were narrowly mixed, with Japan and China posting small gains. Most of the other local markets, including Australia, Korea and Taiwan slipped...
China's yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People's Bank of China said on Friday...
Consumer price index falls for the first time since January According to the US Bureau of Labor Statistics, the month-over-month consumer price index (or CPI), which measures the average change in price of goods and services purchased by households over a given period of time, fell by 0...
GBP/USD continues to trade near long term support so trading focus is higher but realize that any rally could lead to a crash into early 20...Continue Reading...
FXCM and DailyFX are happy to announce our $10,000 Monthly Challenge winners for the month of February. Learn more about the contest here! Continue Reading...
Bid tone around USD strengthened following an upbeat US Q4 GDP report, pushing the GBP/USD pair lower near its daily lows. Strong figure, consumption revised higher The final Q4 GDP print has been revised higher to 1...
The common currency remained unchanged after the release of US GDP figures, with EUR/USD testing the 1.1160 region...
The greenback is posting marginal losses vs. its Canadian peer at the end of the week, with USD/CADmeandering around 1.3240. USD/CAD unchanged on US data Spot has barely reacted to the auspicious results from the US GDP figures, showing the economy has expanded 1...
USD/JPY remains comatose just above 113.00 levels despite upward revision of US Q4 GDP as volumes remain thin on account of trading holiday. Weekly gain is a done deal At 113.08, the pair is trading well above this week’s opening price of 111.54 levels...
EUR/GBP is trading below 0.79 handle after having clocked a 12-month high of 0.7946 levels on Thursday...
The Aussie dollar has faded part of the initial spike to session highs near 0.7530 vs. the greenback, promptingAUD/USD to slip back to the 0.7520/15 band. AUD/USD lower post-US data The pair could not sustain the bullish attempt near 0...
Fresh signs of weakness in oil prices helped theUSD/CAD pair snap 9-week losing streak, with prices aiming to end at 1.3240 levels. Rejected at 1.3296 Pair’s corrective rally failed to cut the pair above 1.33 levels as oil managed to take back losses on Thursday...
The US Dollar has rallied all week long, but this morning’s batch of mixed economic data has the greenback backing up into the long holiday weekend. Continue Reading...
AUDUSD is correcting off key resistance with the pullback to offer favorable long entries. Here are the updated targets & invalidation levels that matter. Continue Reading...
Triangle identified at 25-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.114 within the next 3 days. Supporting Indicators : Downward sloping Moving Average Resistance Levels : ( B ) 1.1183Last resistance turning point of...
US Q4 GDP Likely to be Unchanged at 1.0% - BBH Research Team at BBH, suggests that although US markets are closed, the government will report another revision of Q4 GDP and the consensus looks it to be unchanged at 1.0...
Fed and BoJ Won’t Rock the Boat Near Term - SocGen Research Team at Societe Generale, suggests that the USD/JPY remain essentially driven by the expectations surrounding monetary policy in the US and Japan...
