Category: Technial Analysis

AUDUSD is stuck inside a narrow sideways range and waiting for new catalysts. The Australian Dollar is barely moving against the USD. The current quote for the instrument is 0.7443. The “greenback” weakened a bit and the other traded currencies got a chance to rebound. However, the Aussie didn’t take advantage of the situation.  The […]

After updating this month’s lows, EURUSD quickly corrected.  The major currency pair reached some stability. The current quote for the instrument is 1.0914. The “greenback” weakened yesterday: the US 10-year bond yield dropped, and market sentiment improved. Investors got interested in risky assets again and their demand for the USD declined.  Today’s going to be […]

Gold prices fell in trading on Thursday, with the stability of high-risk assets, but the precious metal is still heading towards achieving a second consecutive weekly gain, driven by the safe haven demand caused by the Ukrainian crisis and the expansion of inflationary pressures. On Wednesday, gold prices ended higher, for the fifth consecutive session, […]

RBNZ Hikes by .5% We’ve seen plenty of volatility in the New Zealand Dollar over the last 12 hours, following the RBNZ April meeting. The bank took the bull by the horns and announced a .5% rate hike, taking rates back up to 1.5%, in a bid to combat ballooning inflation. While the market was […]

CIBCFX FlowsFed Barkin spoke but it wasn’t him that moved the US$, UST yields climbed, 10-year rose above 2.74% and that encouraged US$ buyers. Witness $YEN demand for the fix got the pair to 125.645. For the rest of the morning $YEN did little and clung on to the top of the morning’s range.The RBNZ […]

EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0808, EURUSD is correcting towards 1.0929 and may later start a new decline with the target at 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the descending wave at 1.2975; right now, it is correcting towards 1.3142. Later, the market may […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still growing within the bullish impulse at 1.3142. The bears’ second attempt to break the support area at 1.2965 failed, that’s why the daily chart has the potential for the formation of a Double Bottom reversal pattern. To complete the pattern, bulls have to fix above […]

BOC Up Next The big focus over today’s US session will the BOC April rates meeting. Following a firmly hawkish shift by the Fed, and a larger-than-expected hike from the RBNZ, the market is now braced for further fireworks today. In light of firmly hawkish signals from the BOC, solid employment and rising inflation, the […]

UK Inflation Soars AgainThe British Pound has been well bid today following the latest set of inflation figures from the ONS this morning. UK headline CPI was seen surging higher to 7%, year on year, in March. This was a stark jump from the prior month’s 6.2% reading and was well above the 6.7% the […]

EURUSD, “Euro vs US Dollar” Having broken 1.0838 to the downside and tested this level from below, EURUSD is falling towards 1.0787 and may later grow to re-test 1.0838. After that, the instrument may start a new decline with the target at 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.3030. […]