The British Pound has put in a breakout on diminishing pessimism around Hard-Brexit. But with the pair now showing oversold RSI, can bulls continue to drive?
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Wednesday, 27 February 2019
New Zealand Dollar Weekly Price Outlook: Kiwi 2019 Range Compression
Kiwi is coming off the yearly highs with price continuing to consolidate within the January opening-range. Here are the levels that matter on the NZD/USD weekly chart.
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USD/CAD Weighed by Sticky Core CPI- Canada GDP Report Up Next
USD/CAD slips back below the 200-Day SMA (1.3152), with the exchange rate risk for further losses ahead of Canada’s GDP report.
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Brexit Latest: Key Amendments to be Voted on by UK MPs
Today will see yet another round of votes on a series of amendments, which typically takes place from 1900GMT.
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GBPUSD Surges on, USD Downtrend Continues, USDCAD at Key Support - US Market Open
The Pound continues to power on with GBPUSD reclaiming 1.33 as no-deal risks continue to recede. CAD benefits from oil gains, while USD selling persists.
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US Dollar Tests 96 Support Ahead of Day Two of Powell Testimony
The US Dollar has been in retreat since yesterday’s Powell testimony, keeping the door open for a continuation of the longer-term range in EURUSD.
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Trading Outlook for Gold Price, Crude Oil, Dow Jones, DAX & More
Gold is looking to test important trend support, crude oil trend under fire; Dow Jones ran into resistance along with the DAX, suggesting weakness ahead.
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GBPUSD Price Analysis, Chart and Pivot Points
GBPUSD continues to push ever higher and is threatening initial pivot point resistance as positive Brexit sentiment holds sway.
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Slowing Canada Consumer Price Index (CPI) to Curb USD/CAD Losses
Updates to Canada’s Consumer Price Index (CPI) may curb the recent decline in USD/CAD as the headline reading is expected to slow to 1.4% from 2.0% per annum in December.
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CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY
USDCAD continues to edge lower, eyeing key support. CADJPY upside may be limited with topside resistance ahead.
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3 Types of Forex Analysis
We round-up the best forex analysis techniques: fundamental, technical and sentiment and how to apply them.
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EURUSD Still Trending Higher Despite Poor Eurozone Confidence Data
EURUSD continues to advance within the well-defined channel in place since February 15 despite weak Eurozone confidence figures that emphasize the slowdown in the region’s economy.
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Gold & Silver Price Charts – Test of Trend Support Nearing
Precious metals have been 'out of play' the past few days, but an important trend-line test may be around the corner for gold.
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GBPUSD Price Continues To Push Ahead Strongly, Brexit Debate in Focus
Sterling looks to have broken decisively above the 1.32 level ahead of more Brexit votes in the UK Parliament as the chances of a no-deal Brexit recede and the prospect of a delay in leaving rises.
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Gold Price: Building Momentum on Weak USD, Growing Nuclear Risk
Gold is looking likely to move higher again, helped by a slightly weaker US dollar and escalating conflict between nuclear powers India and Pakistan.
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US Dollar May Rise on India, Pakistan Clash and Powell Testifies
The US Dollar may rise as a clash between India and Pakistan drives haven demand while comments from Fed Chair Powell clash with the markets’ dovish outlook.
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Tuesday, 26 February 2019
Yen Jumps as Pakistan Downs Two Indian Jets, Spooking Markets
The Japanese Yen spiked higher and US stock futures dropped on reports Pakistan has downed two Indian fighter jets, spooking financial markets.
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Gold Price Chart Hints at Topping as Powell Testimony Continues
Gold prices failed to capitalize on US Dollar weakness on Day 1 of Congressional testimony from Fed Chair Powell. The chart setup hints at topping with Day 2 at hand.
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Asian Stock Markets Gain As Investors Look to Trump, Kim Summit
There was plenty of green on Asia Pacific mainboards despite a shaky US lead as trade -settlement hopes endure and President Trump gets ready to meet North Korea’s Kim.
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EUR/USD Vulnerable to France GDP, Italian Confidence Indicators?
EUR/USD will be eyeing tomorrow’s GDP report out of France and key economic indicators out of Italy as the country contends with a technical recession.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....