Forex News
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
Range was extended today
With risk to the downside increased, the plan to raise rates in 2019 is in jeopardy. Draghi may be be pushed on that topic in the Q&A. He is likely...
Mexican peso rises sharply against US Dollar despite lower crude oil prices.
USD/MXN ends bullish correction, back under pressure.
The USD/MXN pair reached yesterday the highest...
USD/CHF daily chart
USD/CHF is in a bull leg above the main simple moving averages (SMAs).
As discussed, failure to recapture the parity level lead to a decline to the 0.9950...
The European Central Bank (ECB) meeting may drag on EUR/USD as the Governing Council remains in no rush to remove the zero-interest rate policy (ZIRP).
An update on near-term trade setups we've been tracking in EUR/USD and GBP/USD. These are the targets and invalidation levels that matter this week.
Investing.com – The U.S. dollar was under pressure Wednesday against a basket of major currencies following a sharp rise in the pound on fading worries the U.K. will leave...
Gold is testing a critical support confluence at the yearly range lows. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.
Fall to the 200 hour and 200 day MA
The NZDUSD moved sharply higher on the back of data just before the close yesterday. That helped to push the price up to key resistance...
USD/JPY daily chart
USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs).
US Dollar Index reverses course in the NA session, turns negative on the day.
Consumer confidence in the eurozone improves slightly in January.
Coming up: The ECB's monetary...
EUR/GBP has been bleeding due to Brexit optimism, although stealing remains in no man's land.
Market regards sterling as undervalued, 15% upside to go vs the...
The Euro pulled back slightly to kick off the session on Wednesday I believe that the market will eventually grind its way higher.
The British pound broke out against the Japanese yen again, breaking the ¥143 level. It looks as if we are testing the 200 day EMA rather soon, so that of course will be an area...
The British pound broke above the 200 day EMA during the trading session on Wednesday as the Labour Party in the UK suggested that they are willing to get behind a delay in the...
Kuroda suggested early during Wednesday trading that extraordinary liquidity measures will still need to be in place as there are massive rest of the global financial system. This...
The Australian dollar initially rallied during the trading session on Wednesday but pulled back a bit to form a less than impressive candlestick. The 50 day EMA is just above, so...
GBP/USD daily chart
GBP/USD is evolving in a bear trend below its 200-day simple moving averages (SMA) on the daily chart.
However, bulls have reclaimed the 50 and 100 SMAs...
USD/JPY a half-cent from the highs
USD/JPY bubbled up to 110.00 early in US trading as risk trades advanced but an abrupt reversal has pulled the pair down to 109.51.
Stocks continue to give back gains
The USDJPY has retraced back lower and in the process cracked a lower trend line and tests the 100 hour MA. In an earlier post, I spoke of the...
Pound Sterling Euro (GBP/EUR) Exchange Rate Leaps as Odds of No-Deal Brexit Decline
Falling Odds of No-Deal Brexit Prompt Pound Sterling Euro (GBP/EUR) Exchange Rate Rally News...
USD/JPY has posted slight gains on Wednesday. In the North American session, the pair is trading at 109.37, up 0.14% on the day. On the release front, Japan’s trade deficit...
GBP/USD makes an impressive extension to the upside, targetting a break on to the 1.31 handle having already pierced the 200-D SMA located at 1.3070 having scored a high of 1.3081....
The pair failed to benefit from USD slide versus the yen and European currencies.
Key data ahead: Australian employment report.
The recovery of the AUD/USD pair found resistance...
EUR/USD daily chart
EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages (SMAs).
The European Central Bank (ECB) rate decision and its press...
Breaks above 100 hour MA and runs to topside trend line
The EURUSD has extended the very narrow 22 pip trading range, helped by a break above the 100 hour MA. The range is up to 39...
Cracks above topside trend line
The rally /squeeze in the GBPUSD continues with the pair moving above a topside trend line of daily chart at 1.3031 and now tests the 200 day MA at...
Reacts to the stocks/bond
The USDJPY moved to new session highs and in the process traded to new 2019 highs. The high from last week reached 109.88. The high price today has...
GBP/CAD Exchange Rate Rallies as Canadian Retail Sales Slide This morning former UK Chancellor, George Osborne, said that a delay to the UK’s departure from the European Union was...