The last week was certainly a volatile one for the major currency pairs. The GBPUSD saw the biggest movement falling to the lowest level on record, and the EURUSD also reached to a new low for...
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GOLD PRICE FORECAST: XAU/USD PLUNGES TO NEW TWO-YEAR-LOWS BELOW $1640
Gold price tanked to new two-and-half years low at $1638.90. Global S&P PMIs revealed in the EU, UK, and the US sparked investors’ recession fears, increasing appetite for the safe-haven US dollar. Gold Price...
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1 Minute
USD/CAD PRICE ANALYSIS: REACHES A NEARLY TWO-YEAR HIGH ABOVE 1.3300 AS BUYERS EYE 1.3400
The Loonie would finish the week with losses above 2%. A dismal sentiment weighed on risk-sensitive currencies like the Canadian dollar. USD/CAD Price Analysis: A daily close above 1.3300 could pave the way towards...
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USD/CAD looks to come up for air in latest push higher
There are two ways to read the charts in USD/CAD at the moment so I’ll elaborate on both first before giving an overview and some thoughts on meshing them both together. Let’s take a...
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Dollar momentum grows as risk retreats further
EUR/USD is now trading down by 0.4% to near 0.9900 and that is even before we get to the PMI data in Europe later today. This comes as the dollar is seen pulling higher...
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GBP/USD knocking on the door of the next leg lower
The outlook for cable pretty much mirrors a lot of what we see in EUR/USD and with the dollar running hot again in the past week, it is hard to fight the momentum when...
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European equities lower at the open
Eurostoxx -0.6% Germany DAX -0.7% France CAC 40 -0.6% UK FTSE -0.3% Spain IBEX -0.3% It’s not a good look for stocks towards the end of the week as we are seeing markets start...
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FX option expiries for 11 August 10am New York cut
There isn’t much to take note of as any larger expiries are seen some distance away from current spot prices currently. The only one decently close is AUD/USD at 0.7000, though price action is...
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GBPUSD tests 100 hour MA/downward trend line
The GBPUSD is trying to push above a topside downward sloping trendline along with its 100 hour moving average (blue line in the chart above). Both those levels come near 1.2114. Get above with...
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ANALIZA CEN USD/JPY: GWAŁTOWNIE ROŚNIE W KIERUNKU 135,00 NA KUPUJĄCYCH WKRACZAJĄCYCH, SPOGLĄDAJĄCYCH NA 20-DMA
Kurs USD/JPY rośnie w ciągu tygodnia o prawie 1,50%. Pochłaniająca byka formacja świecowa na wykresie dziennym otwiera drzwi do dalszych wzrostów. W najbliższym czasie na kartach widać spadek w kierunku 134,00. Kurs USD/JPY wzrasta...
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