All trading involves risk.
All trading involves risk.
The 1.20 area remains a key focus on EUR/CHF, as a break above it could pave the way for the next leg higher in line with dominant momentum.
GBP/USD is testing key support after a disappointing GDP report - see what levels and economic reports we'll be keeping an eye on in the week to come.
Most would agree that 2018 has not proven to be the best start to the year. In fact, by some metrics it’s one of the worst. But as volatility has subsided on the S&P500 whilst it coils between key levels, we await the next volatility surge and wonder what this mean for global markets as we plow through Q2.
The threat of inflation and Fed hikes has pushed US yields higher and, for now at least, we’ve seen the return of the positive correlation with the US dollar.
We preview the numbers to know in this afternoon's ECB Meeting.
Plummeting by just under 4% in under seven sessions (as of yesterdays close), the Kiwi dollar is falling like the flightless bird it is named after.
There are some tentative signs that the world’s most heavily-traded currency pair could be carving out a potential top....
With a prominent close below the 2016 trendline yesterday, we weigh up the technical picture for a potential run towards 0.7500.
Trevellyan Ward discusses Brent Crude breaking to multi-year highs and where next for the commodity....
EUR/CHF sheepishly ‘broke’ above 1.20 today for the first time since Jan 2015. A level which likely still haunts many trading floors, we ponder whether it will prove to be a breakout, shakeout or the prelude for a correction.
Since the February low, USD/CHF has been grinding higher in a rather unsatisfying way. Yet if we are to clear the next technical hurdle nearby, it could open-up the playing field for momentum traders to embrace.
Jamie Dutta reviews GBP/USD’s response to a key level of resistance at 1.4344 and the impact of today’s UK inflation data.
The Canadian dollar is the top performer this month ahead of today’s BOC meeting. And although no hike is expected today, CAD could either extend gains or find itself victim to profit-taking depending on their policy statement or monetary policy report (MPR).
Since breaking above the 1.80 area, a shallow retracement has held above a 38.2% Fibonacci level. And with momentum turning higher once more, we're keeping an eye on a break above 1.8506.
In a previous post, we highlighted the tendency for USD/CAD to trade lower throughout April using a 10 year seasonal chart. Just over half way through the month and already 2.2% lower, it appears on track to maintain this pattern.
GBP/USD's bullish trend is running into a key resistance zone ahead of a busy week for fundamental news.
For the best part of seven months, EUR/GBP was confined to sideways range between 0.8689 to 0.9033. But as yesterday’s bearish range expansion takes the cross to an 11-month low, it strongly suggests its ready to trade in a new range.
The break above 1.1831 takes EUR/CHF to it’s highest level since January 2015 – the infamous month SNB pulled the plug on their currency peg with the Euro. And with little in the way of obvious resistance, we’re seeking opportunities to go long towards 1.20.
Recent trade war tensions seem to have abated as President Xi's grown-up stance on global trade has soothed volatile stock markets. FX markets are not so sanguine on USD though, as geopolitics and US …
Following a weekly morning star reversal pattern above a 38.2% retracement level, we have EUR/JPY on our radars for a bullish breakout on the daily chart.
With geopolitical theatre (trade war posturing, central bank comments, FBI raids of Presidential lawyers, etc) grabbing all the headlines this week, it’s easy to forget that there is still some potentially market-moving economic data scheduled for release. Early in tomorrow’s US session, traders will get their first look at the March Consumer Price Index (CPI) figures from the US, followed by the release of the minutes from last month’s Federal Reserve meeting that afternoon.
USD/JPY has been locked in a clear downtrend since the start of the year, but rates have started to show tentative signs of turning back higher.
We preview the numbers to know in this afternoon's U.S employment data.
The swissie is unloved currently but USD/CHF's steady uptrend is heading into some key technical levels ahead of US employment data.
If price action yesterday is anything to go by, USD/CAD is in for a bad week. And if seasonal patterns are anything to go by, it could be in for a rough few months too.
Technically speaking, we’ve seen several CAD crosses break key levels, but EUR/CAD is potentially the most interesting pair. After rising within a consistent uptrend since mid-January, rates saw a false breakout above 1.6125 resistance two weeks ago. The pair dipped down to test bullish trend line support in low liquidity holiday trade late last week, and with today’s big drop, that uptrend has been definitively broken.
Since the beginning of December NZD/CAD has formed a steady uptrend. And with prices compressing above an established trendline, we see potential for the rally to resume.
After breaking the December trendline and compressing near recent lows, we explore the potential for further losses in line with a weekly bearish reversal candle.