Forex Analysis


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AUD/USD analysis: holding ground, sellers waiting for higher levels

AUD/USD Current price: 0.7659 The AUD/USD pair fell down to 0.7612 this Wednesday, with the Aussie hit by disappointing local data, as Building  Permits in September plunged by 8.7% monthly basis, missing expectations of a 3.0% slide. The pair, however managed to recover the ground lost and entered positive territory on broad dollar’s weakness, surging up to 0.7676,  before settling […]

USD/JPY analysis: critical support at 102.85

USD/JPY Current price: 103.29 The Japanese yen outperformed its major rivals as the market run for safety, resulting in the USD/JPY falling to 103.01, its lowest since October 10th.  Political anxiety in the US triggered a sell-off in equities and bonds, resulting in yields surging across the board. The US 10-year yield retreated from  the weekly highs reached Tuesday, but […]

GBP/USD analysis: retreating from the top of the range, BOE next

GBP/USD Current price: 1.2234 The GBP/USD pair advanced up to 1.2354, the highest since last October 11th, helped by dollar’s broad weakness and the release of the UK Markit Construction PMI, up to 52.6 in October, from previous 52.3 and expectations of 53.3, but the pair retreated back towards the 1.2300 level during the US afternoon, unable to settle above […]

EUR/USD analysis: FED overshadowed by political jitters

EUR/USD Current price: 1.1099 US election’s jitters sent worldwide stocks down alongside with the greenback that resulted in the EUR/USD pair rising up to 1.1122, a fresh 3-week high ahead of the FOMC’s announcement. Concerns over Trump’s victory, after latest polls signaled an increase in the odds of such outcome, overshadowed the Central Bank meeting, which left rates unchanged as […]

EUR/USD analysis: Central Banks and US elections to keep investors on their toes

The American dollar tread water against it major rivals by the end of last week, but suffered a setback after the FBI Director James Comey, announced on Friday  that they would reopen probe into Hillary Clinton emails, on newly discovered material, “potentially pertinent” to the investigation. The bureau, however, has not yet gotten a search warrant to read them, according […]

EUR/USD Technical Analysis 09 February 2016

The EUR/USD pair finally broke all barriers and moved higher last week. After Friday’s rally, the price falls into a consolidation below firm resistance level at 1.1214. At the same time, the 1.1145 – 1.1033 levels continues to be supportive, so the market may try to reach them. Afterwards, the price will probably reach the 1.1245 – 1.1305 levels.   […]

EUR/USD: dollar in trouble ahead of Yellen’s testimony

EUR/USD Current Price: 1.1152 View Live Chart for the EUR/USD The EUR/USD closed the week at 1.1152 after being as high as 1.1245 during this Friday, posting its largest weekly advance ever since ECB’s Draghi announced more easing for Europe early December. Dollar’s longs got smashed all across the board, as hopes for  further tightening in the US turned into […]

USD slips amid chaos

It’s been a crazy day on the forex markets as the USD has been crushed across the board, as the market has looked to unwind positions and a result risk has been on the cards today as traders and investors look elsewhere. For me this is purely a technical play and no representation of todays economic results which some may […]

USD/JPY: forecast for December 21-27

The dynamics of USD/JPY in the past week was determined by the actions of the central banks. Firstly the US Federal Reserve raised the interest rate making the pair go up. Then the Bank of Japan announced some changes to its monetary stimulus measures. However, the market regarded the step taken by the central bank as too small. In short, […]

EUR/USD: forecast for December 21-27

EUR/USD failed to settle above 1.1000 and declined to 1.0800. The bears have to break below this level to provoke decline to 1.0730 and 1.0650.  Resistance is at 1.0980, 1.1055 and 1.1100. These obstacles look strong. Economic data from the euro area in the past week were mixed: PMIs came generally in line with forecasts, but German IFO business climate […]

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