Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness halted. PE The US Dollar (.DXY) Index at 93.823 has continued its rise towards resistance at 94.00 on the 3 day candles and the daily line. There could be a dip after touching 94.00 or else, in case of a breach of 94.00, it will test resistance at 94.4-94.5 on […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists . PE The US Dollar (.DXY) Index at 93.279 marked a high of 93.49 Tuesday and closed at 93.32, just above resistance on the daily. .DXY is currently trading at levels around 93.28 and could move up to resistance at 93.75-93.80 on the 3 day, while it stays […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists . PE The US Dollar (.DXY) Index at 93.043 reached a high of 93.36 Monday, and closed lower at 93.08 and is currently trading around similar levels. This might reflect a hold of resistance near term, with a dip towards immediate support at 92.75-92.80 likely this week. EUR […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists seems to have halted on The Trump Tax Cuts. PE The US Dollar (.DXY) Index at 93.109 dropped Friday to a low of 92.6 during intra-day, and closed at 92.89. However, the index is again trading at levels seen prior to Friday, boosted by the late night corporate […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists seems to have halted. PE The US Dollar (.DXY) Index at 93.108 trading marginally lower Thursday, might move beyond resistance on daily charts around 93.40 if there is sustainability in .DXY’s strength. Note: The possibility of a move South to 92.50-92.75 in case of a weak USD is […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists seems to have halted. PE The US Dollar (.DXY) Index at 93.221 bounced from support near 92.50-92.70 with 3 days of continuous rise. The markets have thus shrugged off the possibility of further immediate USD weakness and we could see the index trading between a range of 92.25 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists. PE US Dollar (.DXY) Index at 92.908 saw a low of 92.49 Monday, but has stayed above support near 92.70 and currently trades at 92.90, indicating possibility ranged action within 92.80 to 93.00 in the next 2 sessions, before it moves up into the end of the week. […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.05 has near term channel support near 93.50/60, while that holds, the Southside looks limited in ere. While trading above 93.50/60 .DXY could move up towards 94.50-95.00 soon. Near term looks Bullish to me. EUR (Euro) at 1.1735 could […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Still Under Pressure. PE EUR (Euro) at 1.1817 broke above the down channel seen in the 3-day and weekly candle. While trading above 1.1780-1.1800, there is room of testing higher at 1.1850-1.1900 before again coming off to 1.17 or lower medium term. USD/JPY at 112.50 could test […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Under Pressure. PE Wednesday, I saw a range of 1.1850-1500 for EUR (Euro) at 1.1781 ahead. A high of 1.1861 was seen Wednesday and EUR has come off from there. Looking for a near-term range within 1.1850-1710. USD/JPY at 113.02 has recovered some from an intra-day low […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Under Pressure. PE EUR (Euro) at 1.1792 rose strongly past 1.1745 and The US Dollar (.DXY) Index at 93.82 broke below t support at 94.25-20. The rise in EUR, and the fall in .DXY occurred despite the US PPI rising 0.4% (M-M), higher than the market expectation […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Undecided But Holding Up Under Pressure. PE EUR (Euro) at 1.167  trading higher and might try to test 1.1725-45 Tuesday The US Dollar (.DXY) Index at 94.49 has support at 94.35-20, with chances of new rise towards 95+ in the next couple of weeks, maybe. USD/JPY at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Undecided But Holding Up Under Pressure. PE The US Dollar (.DXY) Index at 94.53 has been able to maintain its strength from Friday, with all currencies trading weaker Vs USD. Support seen in the 94.35-20 region, with chances of new rise towards 95+ in the next 2 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Most currencies are trading at Key Support/Resistance marks now with greater weakness bias seen. PE Sterling (GBP) at 1.3071 despite the 25bpt increase in interest rates by the BOE Thursday, with chances of more hikes to come. Careful now as a further decline from here could signal […]

Forex Morning Briefing, Major Pairs, Bitcoin’s Bull Run Continues

Forex Morning Briefing, Major Pairs, Bitcoin’s Bull Run Continues

Forex Morning Briefing, Bitcoin’s Bull Run Continues $BTCUSD Commentary: Nothing New for $DXY, $EUR, $JPY, $GBP, $AUD. PE Bitcoin climbed past $7,000 for the first time, breaching another milestone less than one month after it tore through the $5,000 mark. Thursday, spot pricing for Bitcoin climbed 7.1% to a high of $7,045.46 before pulling back slightly to […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Possible USD/JPY fall ahead. PE USD/JPY at 113.08 tapped a low of 112.97, dragging the EUR/JPY at 131.59 lower with it even as EUR at 1.1636 recovered a bit. The dip in USD/JPY may confirms the strength of 114.50-115.00 resistance and opens a further fall to […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: ECB rate fixing on Thursday, 26 October. PE EUR (Euro) at 1.1827 strengthened overnight as the market shies away from going in Short into today’s important ECB meeting where President Draghi is expected to unveil the ECB’s plan on “recaliberating” the ongoing QE. Intra-day range would be […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: ECB rate fixing on Thursday, 26 October. PE EUR (Euro) at 1.1760 rose to a high of 1.1793 in the US session Tuesday. The strength of the 1.1730-00 support is increasing. USD/JPY at 113.90 rose Tuesday, negating the fall from 114.07 seen Monday. This is a surprise […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: EC B rate fixing on Thursday, 26 October. PE Key support at 1.1730-00 on EUR (Euro) 1.1760) is holding so far even though the German-US 10yr Spread (1.94%) trades a little lower than yesterday’s 1.93%. USD/JPY at 113.35 rose to 114.07, but has come off maybe endorsing […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: ECB rate fixing on Thursday, 26 October. PE EUR (Euro) 1.1768 hanging just above Key support at 1.1730-00. Depending, looking for 1.15 or 1.22. If the support at 1.95% on the German-US 10yr yield spread, currently at 1.93% breaks, it could push the single currency to […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The single currency’s support at 1.1730 held well for EUR at 1.1772, keeping the preferred Bullish possibility alive. Note: Look for a near term range of 1.1730-1860 for the next few days ahead of the ECB announcements next week. EUR/JPY at 132.07 is stable, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) 1.1780, am Bullish longer term, with support at 1.1730. Note: See possibilities of a Bear Shoulder-Head-Shoulder developing. A break and close below 1.1700 could negate the Bullish prospect. We prefer Bullishness the single currency because The Dollar (.DXY) Index at 93.35 may […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) 1.1808 fell in US trade Friday after an initial rise to 1.1875 on the release of US CPI (+2.23%) and US Retail Sales (+4.69% y/y). Now it is testing the lower support a 1.1800. Still seeing a rise towards 1.20. USD/JPY at […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) at 1.1850 down from 1.1878 to 1.1825, within the uptrend targeting 1.1950+. Intra-day support at 1.1825 and at 1.1800. Longs preferred in here. US Dollar (.DXY) Index at 92.96 hit my target and possible to break below 1st support near that […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Keep an eye on the German-US T 10yr spread, which had indicated a rise in Euro in the last couple of sessions.PE EUR (Euro) at 1.1873 could move to 1.1950 as long as the yield spread remains higher. US Dollar (.DXY) Index at 92.84 is headed towards […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.33 is trading lower as expected but could be ranged within the 93-94 for the next 2-sessions. EUR (Euro) at 1.1803 moved up to test 1.1825 as expected, and could dip to 1.1750 near term. Trade within 1.1730-1.1850 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.548 faced rejection from 94, while that holds, .DXY could come off towards 93.26-93.00 near term. EUR (Euro) at 1.1771 moved above 1.1750. the low of 1.1668 tested Friday could possibly be the near term low this week, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: A bit of slowdown in the Dollar’s up-move seen. PE Consolidation in USD/JPY at 112.75 seen below 113.00-50 over the last 2 days. Let us see if it Tops out below 113 now or breaks out. The ER/JPY at 132.56 look Bullish overall with support at 132.00. […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: A bit of slowdown in the Dollar’s up-move seen. PE The US Dollar (.DXY) Index at 93.40 is down a bit Wednesday compared to 93.87 Tuesday, and EUR(Euro) at 1.1775 up from Tuesday’s 1.1707. Perhaps some more USD strength is possible in here, the Key resistance […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE Good strength in USD Monday, with The US Dollar (.DXY) Index at 93.87 close to 94.00 then 94.51 EUR (Euro) at 1.1707 broke below last week’s low at 1.1716 and USD/EUR at 113.10 rising again after dipping to 112.09 last week, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE US Dollar (.DXY) Index at 93.23 failed to crack 94.00 Thursday, dipping from a high of 93.67. Friday may be ranged with 93.00-93.50. EUR (Euro) at 1.1780 saw a high at 1.1804 Thursday, may range with 1.1740-1820 Friday. For a few […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Word tensions continue between North Korea and USA. PE Word tensions between North Korea and USA is threatening to break the uptrend in EUR (Euro) at 1.1860, and the downtrend in The US Dollar (.DXY) Index at 92.575. It has also pushed USD/JPY lower […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE EUR (Euro) at 1.1932 rose to 1.2005 Friday, it was unable to hold, despite stability in the German-US 10Yr Spread (-1.81%). The overall uptrend is still intact, but the Support to watch moved up to 1.1890, from 1.1850. The US Dollar (.DXY) […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE An uptick in the German-US 10Yr Spread helped EUR (Euro) at 1.1952 move up since Thursday, the overall uptrend remains intact and unless there is a sharp fall Friday, be open to chances of further move North. AUD (Aussie) at […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Need to always watch Support and Resistance. PE The US Dollar (.DXY) Index at 91.7260 trading lower, EUR (Euro) at 1.2009, and AUD (Aussie) at 0.8013 are trade higher too, retaining their uptrends. Should the EUR at 1.2009 see 1.2035-50, the 1 of 2 possibilities […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Need to always watch Support and Resistance. PE EUR (Euro) 1.1965, and AUD (Aussie) at 0.7965 still in their uptrends, but need to watch their supports. It is the opposite for the US Dollar (.DXY) Index at 91.96 that remains in a downtrend, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: NKorea fires another missile, the markets yawn.PE August US CPI came in at 1.9% yesterday, compared to expectation of 1.8% and 1.7% in July. This sent the EUR at 1.1911 down momentarily to 1.1836 and USD/JPY at 110.18)up to 111.04. The US Dollar […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE USD/JPY at 109.36 broke above 108.70-90 bringing it back into the 108-111 range. The market may stall between 109.00-110.00 in hee. A break above 110 is needed to drive the market to higher. EUR/JPY at 130.74 rose with USD/JPY, within an […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to be the weakest major currency on the week, and  ECB kept rates unchanged yesterday. The next meeting in October will be important as it is now a confirmed date when the ECB will seriously debate when to start its ‘Taper’ from. PE […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to be the weakest major currency on the week.PE EUR’s (Euro) 1.1924 is intact, but the move looks to be slowing down. If the ECB is ambivalent on when the “taper” is likely to start, the market might offload some single currency Longs […]

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz $GLD, $SLV, $USD, $DXY, $AUD, $JPY Sunday, best-selling author James Rickards warned that Gold is poised to spike to 10,000 oz because of global political instability. Personally, I expect Gold attack the resistance at 1,500 in Y 2018. And not be shocked by a run that brings it […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD strengthens ahead of NFPs Friday. PE Support at 1.1800 held on EUR (Euro) at 1.1907 producing a good bounce. It may consolidate between 1.1850-2000 for a few days trying to sort out the direction for the weeks ahead. And just maybe, the upcoming […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Higher than expected US Q-2 GDP preliminary estimate Wednesday +3.00% Vs expectation of +2.7% helped USD recover. PE Strong recovery in The US Dollar (.DXY) Index at 93.00 from the low of 91.62 seen Tuesday, just above 91.39, the 50% Fibo retrac of the earlier […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE USD/JPY at 108.80 has strengthened with NKorea coming back on the market’s screens, the low has been near 108.33. A daily close below 108.60 and weekly close below 108.00 could be Very Bearish. EUR/JPY at 130.19 is stable near Monday’s marks. But, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Jackson Hole Summit drives Euro North. PE EUR (Euro) at 1.1925 after Jackson Hole speeches Friday reasserts the overall uptrend, establishing 1.18-17 as good supports, set new targets to 1.20-21. The rise in ER/JPY at 130.17 due to the rise in the EUR/SD is […]

Yellen and Draghi Open Jackson Hole Symposium Friday

Yellen and Draghi Open Jackson Hole Symposium Friday

Yellen and Draghi Open Jackson Hole Symposium Friday $USD, $DXY, $EUR The Jackson Hole Symposium is this week’s most anticipated event, in part due to a severe lack of other newsworthy market stories but also because two very important central bankers are scheduled to appear. The Fed and the ECB are not only 2 of […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Overall weakness in USD and GBP continues. USD/JPY suggests risk here.PE EUR/JPY at 128.85) is largely stable as both the single currency at 1.1805, and the JPY at 109.17 have gained Vs USD. The US Dollar (.DXY) Index at 93.28 continues to consolidate sideways, but […]

Forex Morning Briefing: The US Dollar (.DXY) Index

Forex Morning Briefing: The US Dollar (.DXY) Index

Forex Morning Briefing: The US Dollar (.DXY) Index $DXY, $EUR, $JPY, $GBP, $AUD Commentary: .DXY ticked lower after downbeat US housing data and dovish FOMC mins. PE The US Dollar (.DXY) Index ticked lower after downbeat US housing data (building permits unexpectedly dropped by 4.1% in July, undershooting the forecast for 2% fall and well below […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Good gains overnight by the USD after a stronger than expected US retail sales. PE Good gains overnight by the US Dollar (.DXY) Index at 93.82 after a stronger than expected US retail sales (+0.6%, against expectation of +0.4%) and a comment by Bill Dudley […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Decreasing chances of any imminent military confrontation between US and NKorea have cooled off the geopolitical tensions and checked the strength in safe havens. PE JPY at 110.07, USD/JPY has seen a sharp bounce from my support mark at 109.50 and a break above 110.20 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Geopolitical tensions between US and NKorea has tempered the risk appetite a bit. PE The action is driving USD/JPY at 109.90 to the lower end of the 109.30-111.10 range. If support at 109.50-30 holds, then a recovery to 111.00 can be expected near term. The […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Better than expected US NFPs triggered short covering in USD. PE Better than expected US NFPs triggered short covering in the US Dollar (.DXY) Index to 93.49 from 92.50, short of my Southside target at 92.00, but unless a weekly closing above 94.10-40 is seen, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new, as the USD continues to weaken. PE The US Dollar (.DXY) Index at 92.88 heads to 92.00 as expected after marking my initial target at 93.00. This is 5th monthly negative closing running, its longest monthly losing streak since Y 2011 and […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: US GDP is back to its steady growth but no sign of acceleration keeps the chances of FOMC taking any further Hawkish steps low. USD remains weak and the majors keeping their Northside momentum intact. Euro is in the most overbought condition since 2008 […]

Weakening USD is Positive for Gold & Silver

Weakening USD is Positive for Gold & Silver

Weakening USD is Positive for Gold & Silver $GLD, $USD, $SLV The US Dollar (.DXY) Index has been moving lower, retreating 9% in 5 months, from 102 in March to its current 93.39. Not surprisingly, Gold has risen almost 10% in USD terms during this frame. Earlier this year many participant expected USD to continue its […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Better than expected US durable goods orders data has helped .DXY bounce. EUR is in the most overbought condition since Y 2008 and USD in the most oversold condition since Y 2011, which warrants a consolidation phase at least if not an outright sharp correction. […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD sold off to 93.22 after FOMC statement. PE More strength in EUR (Euro) at 1.1744, breaking above the earlier Keu resistance at 1.1712. This run opens up targets at 1.18-20. USD/JPY  has come down to 110.98, giving back almost all the recent gains […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The FOMC policy statement Wednesday may dictate the near term path for the majors, especially if there are real hints regarding normalization of the Fed balance sheet. PE EUR (Euro) at 1.1650 rose above 1.17 but it was rejected exactly at resistance of 1.1712. Unless […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The markets may wait for the ECB and BOJ meets Thursday before taking the next major step. PE USD/JPY at 111.97 is being watched for the reaction after the BOJ policy decision due now. Expect the support of 111.00 to be tested before any major short […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.75 continues its fall, could test 94.00 before pausing to refresh. Trend remains Due South now. EUR (Euro) at 1.1535 has broken above Key resistance near 1.1495 and is now trading within 1.15-1.16 which needs […]