Forex News
The Canadian dollar ended flat on Friday. Trade hopes were diminished when Chinese officials cancelled off a farm visit as part of the restart of negotiations. The trade talks did...
NY session sees steady fall after run higher stalled against topside resistance.
The EURUSD has moved down to test support defined by the:
The low just reached 1.1042. A move...
GBPUSD spikes back above its 100 day moving average. Risk level for longs now
The comments from European Commissioner Juncker that "we can have a deal" on Brexit, has...
Takes out the low from earlier September at 0.62687 (but only by a few pips so far)
The NZDUSD moved to a low of 0.6265 today. That was enough to take the pair to new 4 year lows...
Investing.com -- The Federal Reserve "isn't on a preset course" and will be "taking things meeting by meeting", vice-chairman Richard Clarida told CNBC Friday. Clarida also...
More RBA cuts to come Following yesterday’s weaker employment data out of Australia, local banks there have been adjusting their interest rate forecasts. The latest has been...
The U.S. dollar was lower on Thursday, as it gave up prior gains after the Federal Reserve cut rates as expected.
The U.S. dollar index, which measures the...
Rise to 1.2580. Fall to 100 day and 100 hour MA area
The GBPUSD rose yesterday on the back of positive comments from EU Commissioner Juncker on they Brexit solution. The price...
Down and up day for the USDCHF
The USDCHF fell in the 1st half of the trading day. In the process, the pair fell below its 100 day MA at 0.9900. Stops wer triggered and the...
Approaches 1.1000 level. Low for the week at 1.09894.
The EURUSD has now moved below the 1.10135-176 area and is pushing toward the 1.1000 level. Below that is the low for the...
Mark John, European Economics Editor LONDON (Reuters) - Prodded by worries about the worst global economic outlook in a decade and electorates still smarting from years of...
The fall below the low from yesterday did not solcit momentum selling
The USDJPY has tested the 100 hour MA on 4 separate hourly bars over the last 30 or so hours of trading. Each...
(Bloomberg) -- India’s government escalated efforts to repair economic growth with a surprise $20 billion tax cut, taking the rate for companies to one of the lowest in...
(Bloomberg Opinion) -- One of the world’s most important interest rates has had a tumultuous week. Thanks to a sudden shortage of dollars in a separate market, the federal funds...
Investing.com -- The British pound surged to new highs against the euro and dollar Friday on optimism that the U.K. and EU will avoid a disorderly Brexit on Oct. 31, although the...
(Bloomberg) -- The Federal Reserve added another dose of liquidity to a vital corner of the funding markets Friday, helping stabilize rates as investors remain concerned that fresh...
Relaying some remarks from Scotia on GBP and the encouragingBrexit headlines on Thursday:
- GBP up move following the headlines makes it "harder to ignore evidently bullish...
Closing back below the 100 day MA...
The GBPUSD last Friday at 1.2496. That was just below the 38.2% of the move down from the March high at 1.25009 and below the 100 day MA. On...
(Bloomberg) -- The British pound pulled back from a two-month high as Ireland warned a Brexit deal is not close, calming a rally sparked by optimism from European Commission...
(Bloomberg) -- Nigeria’s central bank held its benchmark rate for a third straight meeting as economic growth in the West African nation remains sluggish.
All nine members of the...
Not a great look
The Australian dollar has fallen to the lowest since September 3.
Early in the month, AUD/USD rebounded from a triple bottom near 0.6700 largely due to optimism...
The Chinese delegation is going home
Risk trades have been upended by the news that China's trade delegation is leaving the United States earlier than planned.
The British pound roses against the U.S. dollar on Friday in Asia after the European Union offered some Brexit deal “hope.”
European Commission...
The break of the 100 day and 200 hour MA could not go anywhere
Earlier I posted on the USDJPY:
Having said that, the pair has rallied high but only to the 100 hour MA above (blue...
High was near 50% midpoint
The USDJPY moved lower on Monday after the bombing of the Saudi oil facilities. That run ower took the price down to the broken 38.2% of the move down...
Low from yesterday and earlier today stalls the fall
The NZDUSD moved down to test the low from yesterday and earlier today at the 0.62977-99 area and stalled. the price has...
EURGBP falls below its 200 day moving average of 0.8833
The price action has moved below its 200 day moving average of 0.8833. Recall from yesterday that the price also fell...
Still Friday trade to come for the euro, but a projection for the currency via MUFG:
MUFG have a neutral bias for next week, comments in brief:
- expect trade in 1.09 / 1.12...
Hopes of Brexit Progress Shore up Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Positive comments from European Commission President Jean-Claude Juncker helped to push...
The high and low stalled within the "value" area for the pair
Traders can define the "value area" as the price area where most of the price action takes place. ...