Forex News
With US indices climbing rapidly, emerging markets ready to close the speculative gap and other charts running or gearing up for a charge; what three charts are at the top of my...
The Australian Dollar has just come through a rather more peaceful week than the preceding one but could fall once more if the RBA continues to highlight the benefits of a weaker...
AUD/USD sought to reverse losses this past week but stopped short of key resistance. AUD/NZD is a step closer to resuming its dominant downtrend. GBP/AUD may bounce in the near...
There are several 'high' rated events on the calendar over the coming week, but most of them are clustered together on Thursday.
The Mexican peso was among the worst performers over the week, but USD/MXN held below the 19.45/50 strong support area.
Volatility increase over the last few days, after breaking...
Fresh comments coming out of the Reserve Bank of Australia (RBA) may rattle the recent rebound in AUD/USD as the board alters the forward-guidance for monetary policy.
US Dollar strength remained a prominent theme in the early portion of this week, leading into a holiday-shortened week in which the USD will remain in the spotlight.
Breaks above trend line and 100 hour MA
The EURUSD has taken off to the upside.
The catalyst seems to be a break of the trend line at 1.1281 and the 100 hour MA at 1.12891. Those...
First test held, but cracking through now
The GBPUSD made another run higher. This one, cracked the 100 day MA at 1.2879 and raced up tot he 200 hour MA at 1.28963.
Investing.com – The dollar was modestly higher against its rivals Friday and remained on track to post consecutive weekly gains for the first time since November. The...
Cable extends gains late on Friday, still down for the week.
China-US talks, Brexit, FOMC minutes and UK jobs numbers to be key drivers next week.
The US dollar pulled back...
GBP/JPY daily chart
GBP/JPY is trading between the 50 and 200-day simple moving averages (SMAs) suggesting a sideways market.
Mixed data from the U.S. weighs on the greenback.
Trade surplus narrows in the euro area.
EUR/USD looks to finish the second straight week in the red.
The EUR/USD pair slumped to...
The British pound went back and forth during the Japanese yen during the trading week, as we continue to see a lot of noise out there. However, we have recently seen a massive...
The Australian dollar went back and forth during the week but continues to find support at the same level that we have been paying attention to for some time. Because of this, I...
USD/CHF daily chart
USD/CHF is trading in a sideways trend above the 50, 100 and 200-day simple moving averages (SMAs).
The US dollar rallied again during the week, breaking towards the 61.8% Fibonacci retracement level. However, we are starting to run into a bit of resistance, which of course makes...
The Euro drifted a bit lower during the week as we continue to see concerns about the German economy and the global economy as well. Ultimately, I think that the market does have a...
The British pound has fallen again during the week but is testing a rather important area on the chart that could cause a lot of market reaction, if we can get the proper headlines...
Move higher continues
The GBPUSD's move higher his continuing with the pair approaching its 100 day MA.
The price of the GBPUSD was bid up into the London 4 PM fixing. The move has...
The Euro try to break down during the trading session on Friday, after comments by an ECB member. However, it has shown a resilient attitude, as we have turned right back around to...
The Australian dollar initially fell during the trading session on Friday but turned around to show signs of life again. Quite frankly, I think that the Aussie has found its bottom...
The British pound initially fell during trading on Friday but found enough support at a crucial juncture to turn things around and show fight yet again. This continues to be a lot...
The US dollar fell a bit during the trading session on Friday, as we continue to see a lot of resistance above at the 200 day EMA. At this point, the 61.8% Fibonacci retracement...
Higher oil prices and hopes for a US-Chinese trade deal keeps the pair range bound.
EUR/GBP daily chart
EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs).
Breaks back above the 50% midpoint of 2019 range
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GBP/USD daily chart
GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
The pair moved lower and printed yearly lows near 1.1230.
The greenback is now easing from YTD peaks post-data.
Big miss in January US Industrial Production.
Volatility remains...
Back and forth after break lower failed
The EURUSD has retraced all the way back to the resistance area defined by the trend line and the 100 hour MA. That area comes in at...