Euro: USD/EUR (EUR=X) still stuck in downtrend

Euro: USD/EUR (EUR=X) still stuck in downtrend

Euro: USD/EUR (EUR=X) still stuck in downtrend EUR/USD has rallied off the lows but remains in a broader downtrend from the highs of September. A failure to push on above $1.135 would signal that we have more declines ahead, while a rally above this level would head towards $1.1554. Overall, the bias in prices is: Downwards. […]

Euro: USD/EUR (EUR=X) rebound unlikely to last

Euro: USD/EUR (EUR=X) rebound unlikely to last

Euro: USD/EUR (EUR=X) rebound unlikely to last EUR/USD has been gaining ground following last week’s sell-off, with the selling pressure easing somewhat. However, the wider bearish trend remains intact, and there is a strong chance that this rebound is going to falter before long. With that in mind, watch for a potential bearish reversal in the […]

Gold Up, USD Down, Stocks Off + Commodities

Gold Up, USD Down, Stocks Off + Commodities

Gold Up, USD Down, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil deeper in Bear Market Territory Asian Stocks Down In Asia Gold: Gold prices are us Wednesday as the USD retreated from a 16-month high touched earlier in the week, easing amid a surge in EUR and GBP on a draft BREXIT agreement. Spot […]

Euro: USD/EUR (EUR=X) bounce falters

Euro: USD/EUR (EUR=X) bounce falters

Euro: USD/EUR (EUR=X) bounce falters EUR/USD has plumbed to a new low, continuing its extended downtrend and heading towards possible support at $1.111. A rally will target $1.13, previous key support, while above this the November high at $1.15 comes into play. Having rallied from oversold intraday conditions, it will be important to watch the $1.126 […]

Brexit Nears as EU Faces Revolt

Brexit Nears as EU Faces Revolt

Prime Minister Theresa May on Tuesday faced her divided ministers as negotiators scrambled to secure a divorce agreement with the European Union and anxiety mounted over the risk of a no-deal Brexit. May said Monday her government was working “extremely hard” to save a deal, telling officials of London’s financial district that negotiations “are now […]

Italy Moving Closer to EU Exit

Italy Moving Closer to EU Exit

Italy’s populist government was set Tuesday to defy the European Commission, preferring to risk financial sanctions than revise its big-spending budget. The coalition had been given time to change its 2019 plans but insists an anti-austerity approach will help kickstart growth in the eurozone’s third largest economy, and consequently reduce the public debt and deficit. […]

Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220

Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220

Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220 There is not much to add to last Friday’s (09 Nov, spot at 1.1365) update. As highlighted, the sharp and rapid drop from last Wednesday (07 Nov) peak of 1.1500 indicates there is scope for EUR to retest the major 1.1300 support. The […]

Gold Down, USD Up, Stocks Off + Commodities

Gold Down, USD Up, Stocks Off + Commodities

Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold: Gold prices fell to their lowest mark in a week Friday, and were set for their biggest weekly decliner since August, on a firmer USD as the […]

Euro: USD/EUR (EUR=X) rallies through resistance

Euro: USD/EUR (EUR=X) rallies through resistance

Euro: USD/EUR (EUR=X) rallies through resistance The EUR/USD pair mounted an impressive bounce above trendline resistance, and while it then retraced to the line, it posted a classic bounce. Dip buyers came in around $1.14, suggesting that we have seen a bullish move develop. Further gains target $1.15 and then $1.1554. Higher lows have been put in […]

Gold Down, USD Up, Stocks Up + Commodities

Gold Down, USD Up, Stocks Up + Commodities

Gold Down, USD Up, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil Higher  Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold prices inched lower Thursday on the back of a stronger USD, as investors digested the US Congressional midterm election results and turned their focus to the Fed’s monetary policy […]

Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness

Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness

Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness EUR/USD has been pushing higher, in a continuation of the strength seen throughout November thus far. With the price rising through the 50% retracement, there is a strong chance we will see the pair continue to gain ground over the near term. A break through the $1.1622 mark […]

Gold Up, USD Down, Stocks Up + Commodities

Gold Up, USD Down, Stocks Up + Commodities

Gold Up, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil Lower  Asian Stocks Higher US Midterm Congressional Elections come is as Expected. In Asia Gold: Gold prices rose Wednesday on a weaker USD, as the outcome of US Congressional midterm election came in as expected, Republican hold Senate, and Dems take control […]

Euro: USD/EUR (EUR=X) sees upward momentum falter

Euro: USD/EUR (EUR=X) sees upward momentum falter

Euro: USD/EUR (EUR=X) sees upward momentum falter The price of EUR/USD has rallied from the lows of last week, but has failed to push higher. As a result, we may see bearish momentum develop without a close above $1.1450. Further declines target the $1.13 level of support, which held in August and October. Below this the $1.1118 […]

Gold Steady, USD Down, Stocks Up + Commodities

Gold Steady, USD Down, Stocks Up + Commodities

Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Lower  Asian Stocks Higher Traders eye US Midterm Congressional Elections In Asia Gold prices were steady early Tuesday ahead of US Congressional  midterm elections that may fuel interest in the precious Yellow metal as a hedge against risk if the result sparks […]

Euro: USD/EUR (EUR=X) pulling back after recent bullish break

Euro: USD/EUR (EUR=X) pulling back after recent bullish break

Euro: USD/EUR (EUR=X) pulling back after recent bullish break EUR/USD has been moving lower since Friday morning, coming off the back of a trendline breakout. The fact that we saw a move that barely even reached the 50% level points towards the possibility of further upside. With that in mind, the current pullback looks like a […]

Gold Steady, USD Down, Stocks Down + Commodities

Gold Steady, USD Down, Stocks Down + Commodities

Gold Steady, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Dipped  Asian Stocks Lower Traders eye US Midterm Congressional Elections Traders eye US Earnings Data In Asia Gold prices held steady Monday as investors were cautious ahead of the US Congressional electionsTuesday which will determine whether the Republican or Democratic Party controls […]

Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit

Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit

Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit Looking beyond the trials and tribulations of financial markets in the United States, promising signs of major breakthroughs regarding Brexit and the US-China war have emerged. News reports over the weekend have warmed the idea that a Brexit deal could be negotiated, by some time […]

President Trump and The Fed Want to See Inflation

President Trump and The Fed Want to See Inflation

President Trump and The Fed Want to See Inflation $USD, $SPY, $GLD, $SLV The value of USD is determined by a number of variables. For example, this year’s trade wars with China have resulted in a stronger Buck and a weakened RMB Yuan. There are a few internal mechanisms that can be used to raise or […]

Euro: USD/EUR (EUR=X) downtrend intact

Euro: USD/EUR (EUR=X) downtrend intact

Euro: USD/EUR (EUR=X) downtrend intact Short-term support for EUR/USD has been found around $1.13, coinciding with a decent bounce from intraday oversold conditions. However, for the moment this merely looks like a lower high within the current downtrend. A turn lower from below $1.1146 would mark another potential selling opportunity, and would see the $1.13 area tested […]

Euro: USD/EUR (EUR=X) attempts to stabilise after recent decline

Euro: USD/EUR (EUR=X) attempts to stabilise after recent decline

Euro: USD/EUR (EUR=X) attempts to stabilise after recent decline EUR/USD failed to break below the $1.1335 support level overnight, with the price rallying into trendline resistance. The declines seen over the past fortnight are likely to be retraced before long, and many will question whether this is the beginning of such a move. However, we would […]

Euro: USD/EUR (EUR=X) still unable to push higher

Euro: USD/EUR (EUR=X) still unable to push higher

Euro: USD/EUR (EUR=X) still unable to push higher EUR/USD continues to hold above $1.1350, although the downward move from mid-October remains intact. A push above $1.1430 would clear recent intraday resistance and suggest another attempt to break the downtrend line from the September highs. Further support is found at $1.13. Overall, the bias in prices is: […]

EuroCrisis Deepens

EuroCrisis Deepens

EuroCrisis Deepens Growth in the eurozone slowed significantly in the third quarter, official data showed on Tuesday, as Italy’s economic troubles weighed and car production in Germany was disrupted. Gross domestic product in the 19-country single currency area rose just 0.2 percent from July to September, the Eurostat agency said, compared with 0.4 percent in […]

Euro: USD/EUR (EUR=X) wedge break points towards potential upside

Euro: USD/EUR (EUR=X) wedge break points towards potential upside

Euro: USD/EUR (EUR=X) wedge break points towards potential upside EUR/USD has managed to rally through trendline resistance, completing a bullish breakout from the falling wedge formation in play over the past week. This points towards a potential bullish phase coming into play this week. However, it makes sense to watch out for a rally through $1.1432 […]

Another EuroCrisis Looms as Socialism Fails in Europe

Another EuroCrisis Looms as Socialism Fails in Europe

Ratings agency S & P has downgraded its outlook for Italy’s sovereign debt but left its credit rating untouched, upping the pressure on Rome amid a stand-off with Brussels over its budget. Friday’s announcement, which warned Rome’s fiscal policy was jeopardising banks’ ability to fund the Italian economy, followed last week’s decision by Moody’s to […]

Euro: USD/EUR (EUR=X) room for EUR to weaken further to 1.1350

Euro: USD/EUR (EUR=X) room for EUR to weaken further to 1.1350

Euro: USD/EUR (EUR=X) room for EUR to weaken further to 1.1350 We highlighted yesterday “time appears to be running out for further weakness” and the subsequent swift and sharp plunge in EUR came as a surprise, albeit a pleasant one. We have been anticipating a move to 1.1400 since last Friday (19 Oct, spot at […]

Euro: USD/EUR (EUR=X) Eurozone PMI’s pointed to a slowing growth momentum

Euro: USD/EUR (EUR=X) Eurozone PMI’s pointed to a slowing growth momentum

Euro: USD/EUR (EUR=X) Eurozone PMI’s pointed to a slowing growth momentum The euro to dollar exchange rate plunged on Wednesday after the latest Eurozone PMI’s pointed to a slowing growth momentum. Analysts at Scotiabank suggest EUR/USD could see lows of 1.1302 in the near-term outlook: “EUR/USD failed to make any impression on resistance in the low 1.15s […]

Gold Higher, USD Lower, Stocks Mixed to Lower  + Commodities

Gold Higher, USD Lower, Stocks Mixed to Lower  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index Falls Crude Oil futures down on Saudi pledge US stocks lower In Asia Gold prices Wednesday in global markets is up after hitting their highest in over 3 months in Tuesday’s US session, with international political and economic uncertainty underpinning safe-haven […]

Gold Higher, USD Higher, Stocks Mixed to Lower  + Commodities

Gold Higher, USD Higher, Stocks Mixed to Lower  + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures down on Saudi pledge US stocks mixed, Asia stocks off In Asia Gold prices are up early Tuesday as Asian stocks faltered, weighed down by political uncertainties around BREXIT and […]

Euro: USD/EUR (EUR=X) trade sideways to stay near the 1.1500 level

Euro: USD/EUR (EUR=X) trade sideways to stay near the 1.1500 level

Euro: USD/EUR (EUR=X) trade sideways to stay near the 1.1500 level EUR/USD has steadied on Monday, after posting considerable gains in the Friday session. Currently, the pair is trading at 1.1499, down 0.13% on the day. The sole event is the German Bundesbank monthly report. On Tuesday, Germany releases PPI and eurozone consumer confidence. There […]

Gold Higher, USD Higher, Stocks Flat  + Commodities

Gold Higher, USD Higher, Stocks Flat  + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures up on supply/demand issues Stocks Flat to Unchanged In Asia Gold prices settled higher Monday morning in Asia, along with an advance in the USD. The increase in gold prices, a safe-haven […]

Gold Higher, USD Higher, Stocks Lower + Commodities

Gold Higher, USD Higher, Stocks Lower + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade China’s growth slows US Dollar (.DXY) Index up on the week Crude Oil futures fall again on supply/demand issues In Asia Gold prices are higher Friday as Asian shares fell on renewed political and economic concerns including China’s weak […]

Euro: USD/EUR (EUR=X) weakness points towards potential further breakdown

Euro: USD/EUR (EUR=X) weakness points towards potential further breakdown

Euro: USD/EUR (EUR=X) weakness points towards potential further breakdown EUR/USD managed to break lower from its consolidation yesterday, coming off the back of a rally into the 50% retracement and 200-day simple moving average (SMA). However, given the mixed signals seen in a wider context (higher highs and lower lows), we need to see a break […]

Gold Ranged, USD Firms + Commodities

Gold Ranged, USD Firms + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold steady in narrow range Fed mins signal more rate hikes ahead US Dollar (.DXY) Index rises to 1-wk high Crude Oil futures fall for 1st session in 4 In Asia Gold prices held steady in a narrow range Thursday as Asian shares eased, […]

Euro: USD/EUR (EUR=X) consolidates after recent rebound

Euro: USD/EUR (EUR=X) consolidates after recent rebound

Euro: USD/EUR (EUR=X) consolidates after recent rebound EUR/USD has been pushing higher off the back of a two-week period of losses. We are now seemingly in a period of consolidation, where a break through support ($1.1544) or resistance ($1.1609) would signal where we go from here. A break to the downside would look like a potential […]

Gold Edged Down, USD Edged Up + Commodities

Gold Edged Down, USD Edged Up + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold stays near 2.5 month high as risk aversion lends support In Asia Gold prices edged lower early Wednesday as stocks gained and USD firmed on fading risk-averse sentiment, with the market awaiting mins from the Fed’s FOMC latest policy meeting […]

Expect Some Trade Wars to End

Expect Some Trade Wars to End

US officials announced Tuesday negotiations for separate trade agreements with Britain, the European Union and Japan as part of efforts by President Donald Trump’s administration to rebalance global commerce. US Trade Representative Robert Lighthizer said the administration notified Congress of its intent to negotiate the three separate trade agreements. “We are committed to concluding these […]

Euro: USD/EUR (EUR=X) recovers in early trade

Euro: USD/EUR (EUR=X) recovers in early trade

Euro: USD/EUR (EUR=X) recovers in early trade Overnight weakness for EUR/USD seems to have given buyers another opportunity, but they will need to push the price above $1.16 to clear the way to further upside. Above here, $1.18 comes into view. A close below $1.15 is needed to suggest a bearish turn. Overall, the bias in prices […]

Gold Holding at 12 Wk Highs+ Commodities

Gold Holding at 12 Wk Highs+ Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold stays near 2.5 month high as risk aversion lends support In Asia Gold prices held steady Tuesday near last session’s 2.5 -month high as risk-averse investors sought refuge in the precious Yellow metal amid rising political tensions and economic uncertainty. […]

Gold Up, Asian Shares Dip + Commodities

Gold Up, Asian Shares Dip + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices rose early Monday as Asian stocks eased due to concerns about a potential decline in China’s economic growth amid an ongoing trade dispute and signs of tighter monetary policy by the Fed. Spot gold was up 0.3% […]

Euro: USD/EUR (EUR=X) continues to gain

Euro: USD/EUR (EUR=X) continues to gain

Euro: USD/EUR (EUR=X) continues to gain A steady push higher continues for EUR/USD, with some early weakness this morning a possible buying opportunity. Further gains above the 50-day simple moving average (SMA) of $1.1586 would indicate a move towards $1.17 and then key resistance around $1.18. A close below $1.15 reinvigorates the bearish case. Overall, the […]

Brexit Latest Update

Brexit Latest Update

Brexit Latest Update Exhausted diplomats in Brussels have taken to calling this stage of the Brexit negotiations “The Tunnel”. British and EU officials are negotiating day and night to get to the outline of a Brexit deal by Wednesday. They need to resolve the final sticking points, notably on customs checks for Northern Ireland, before […]

Gold Up, USD, US Interest Rates Down+ Commodities

Gold Up, USD, US Interest Rates Down+ Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT US President Trump says Fed “crazy” for raising interest rates Spot gold may extend gains to $1,237 oz Crude Oil falling on overblown supply issues In Asia Gold Gold prices edged lower Friday, but held near a more than 10-wk highs hit […]

Euro: USD/EUR (EUR=X) moves higher from base around $1.15

Euro: USD/EUR (EUR=X) moves higher from base around $1.15

Euro: USD/EUR (EUR=X) moves higher from base around $1.15 EUR/USD is moving higher after several days of sideways movement around $1.15. Further gains will target $1.18, the highs of late September. Over the past few days, short-term dips intraday have found buyers, and a move back below the $1.15 level would suggest the rally has ended. […]

Euro: USD/EUR (EUR=X) rally looks set to falter again

Euro: USD/EUR (EUR=X) rally looks set to falter again

Euro: USD/EUR (EUR=X) rally looks set to falter again EUR/USD has been regaining ground overnight, with the pair moving into trendline resistance. The ability to break above $1.1550 will be key in reversing this short-term trend. As such, a bearish outlook remains unless that swing high is broken. Overall, the bias in prices is: Sideways. By […]

Euro: USD/EUR (EUR=X) retracement phase to continue

Euro: USD/EUR (EUR=X) retracement phase to continue

Euro: USD/EUR (EUR=X) retracement phase to continue EUR/USD has been gaining ground since the Thursday low, with a rising wedge pattern coming into play. This provides greater confidence that the pair is simply retracing the downturn from $1.1593. As such, while it looks probable we’ll see further upside if trendline support is respected, any such gains […]

Euro: USD/EUR (EUR=X) Breakdown Set to Continue

Euro: USD/EUR (EUR=X) Breakdown Set to Continue

Euro: USD/EUR (EUR=X) Breakdown Set to Continue EUR/USD Technical Highlights: Breach of support last week keeps focus lower Firm recapture of support needed to negate bearish bias Trend-line from Dec ’16 and August low could be targeted next week For the intermediate-term fundamental and technical outlook, check out the The euro broke big support just […]

Euro: USD/EUR (EUR=X) loses key support zone

Euro: USD/EUR (EUR=X) loses key support zone

Euro: USD/EUR (EUR=X) loses key support zone The drop below $1.15 sends a bearish signal for EUR/USD, indicating that we may well see fresh declines. A rebound towards $1.16 is possible, but any rally that fails to move above yesterday’s swing high is likely another selling opportunity. Further declines target $1.13. Overall, the bias in prices […]

US Might Lose Grip on Global Banking Finally

US Might Lose Grip on Global Banking Finally

US Might Lose Grip on Global Banking Finally Bern will take part in any new payment system if it were created as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), according to Swiss Ambassador to Moscow Yves Rossier. Switzerland’s position on the issue of creating payment channels that are independent of the […]

Left Wing Try to Overturn Democracy in UK

Left Wing Try to Overturn Democracy in UK

Campaigners for a second referendum on Brexit are braving scepticism and even hostility as they hit Britain’s streets as part of a growing movement to get Britons to change their mind. More and more politicians are calling for another vote and recent polls show some 40 percent of the population support it but reactions are […]

Euro: USD/EUR (EUR=X) holds critical support

Euro: USD/EUR (EUR=X) holds critical support

Euro: USD/EUR (EUR=X) holds critical support EUR/USD remains at the crucial area of support around $1.1554, which held back in late August. While it dipped below this yesterday, the rebound saw it finish around the same level. A rally targets $1.18, where gains faltered in July and in September. A close below $1.1554 is needed to […]

Italy Doomed as it Caves to EU Pressure

Italy Doomed as it Caves to EU Pressure

Italy Doomed as it Caves to EU Pressure Italy’s government will bow to pressure from Brussels and reduce its budget deficit targets for 2020 and 2021 in a bid to reassure skittish markets, two Italian dailies reported Wednesday. After declaring last week it was setting the public deficit at around 2.4 percent of gross domestic […]

Anti-Trump IMF Still Claiming Growth is Slowing

Anti-Trump IMF Still Claiming Growth is Slowing

Anti-Trump IMF Still Claiming Growth is Slowing The IMF is a globalist organization that is opposed to Donald Trump making America Great again. After sounding the alarm for years about threats to the global economy, International Monetary Fund chief Christine Lagarde said risks had begun to materialize and were slowing growth. In a poorly timed […]

Europe has Failed: Italy Next to Exit

Europe has Failed: Italy Next to Exit

Europe has Failed: Italy Next to Exit Eurozone finance ministers firmly warned Italy on Monday to abide by EU rules on public spending, as Rome accused Brussels of economic “terrorism”. The war of words took place just days after Rome announced a big spending boost in defiance of the European Union that has spooked the […]

Euro: USD/EUR (EUR=X) holds up amid recent downturn

Euro: USD/EUR (EUR=X) holds up amid recent downturn

Euro: USD/EUR (EUR=X) holds up amid recent downturn EUR/USD has been selling off sharply throughout the latter part of the past week, with the pair moving towards the crucial $1.1526 support level. The wider trend points towards a recent inverse head and shoulders formation in play, but should this fall see the pair drop below $1.1526 […]

Gold Slips, USD Firms on Fed Rate Hike + Commodities

Gold Slips, USD Firms on Fed Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold prices dipped Monday as the USD firmed in the wake of indications from the Fed last week that it will pursue a tighter monetary policy. The Fed raised US interest rates last week and said it […]

Euro: USD/EUR (EUR=X) could move lower

Euro: USD/EUR (EUR=X) could move lower

Euro: USD/EUR (EUR=X) could move lower The Italian budget aside, since EU inspired political wobbles do tend to have a very short half-life effect on Euro sentiment,  higher US interest rate expectation amidst the backdrop of divergence between the Fed and the ECB, even more so after the tepid Eurozone inflation print on Friday, will […]

Euro: USD/EUR (EUR=X) in the red on account of the firmer US dollar

Euro: USD/EUR (EUR=X) in the red on account of the firmer US dollar

Euro: USD/EUR (EUR=X) in the red on account of the firmer US dollar EUR/USD is in the red on account of the firmer US dollar. Germany posted an impressive jump in inflation but the currency pair remained unfazed by the news. The inflation rate on an annual basis jumped to 2.2% in September – up from […]

Euro: USD/EUR (EUR=X) looks set for further gains

Euro: USD/EUR (EUR=X) looks set for further gains

Euro: USD/EUR (EUR=X) looks set for further gains EUR/USD has been consolidating over the past five days, with the price falling back towards trendline support. The uptrend remains intact, with the price continuing to respect the $1.1790 resistance zone. With that in mind, it makes sense to watch out for the pair to push through this […]

Euro: USD/EUR (EUR=X) struggles to clear $1.18

Euro: USD/EUR (EUR=X) struggles to clear $1.18

Euro: USD/EUR (EUR=X) struggles to clear $1.18 EUR/USD’s price rallied to $1.18 yesterday, but then dropped back. A close above this level continues to elude the pair, but it remains in an uptrend from the August lows. The near-term bullish view persists unless we see a close below rising trendline support, around $1.1660. Overall, the […]

Euro: USD/EUR (EUR=X) rallying from horizontal support

Euro: USD/EUR (EUR=X) rallying from horizontal support

Euro: USD/EUR (EUR=X) rallying from horizontal support EUR/USD has started to gain ground from the $1.1724 support level, which represents the highs from the beginning of last week. With a clear uptrend in play over recent weeks, the weakness we have seen since Friday’s peak of $1.1803 is likely to start fading. As such, while further […]

Socialism Fails in France: Tax Cuts Promise Hope

Socialism Fails in France: Tax Cuts Promise Hope

The French government on Monday unveiled billions of euros in tax relief for businesses alongside further budget cuts, as President Emmanuel Macron struggles to deliver more jobs and higher growth as promised. The former investment banker’s poll ratings have dived in recent weeks as growth has slowed despite a series of reforms presented as unavoidable […]

Euro: USD/EUR (EUR=X) rallies into crucial resistance zone

Euro: USD/EUR (EUR=X) rallies into crucial resistance zone

Euro: USD/EUR (EUR=X) rallies into crucial resistance zone EUR/USD has rallied through the $1.1746 resistance level, with the pair shifting into the next major level at $1.1790. The ability to break through this level is going to be key in determining where we go from here. With the pair relatively overextended, there is a good chance […]

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Asian stocks extended gains Friday thanks to Wall Street marking all-time highs, as investors believe that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. […]

Euro: USD/EUR (EUR=X) launching assault on key resistance zone

Euro: USD/EUR (EUR=X) launching assault on key resistance zone

Euro: USD/EUR (EUR=X) launching assault on key resistance zone EUR/USD is turning higher yet again this morning, with the pair looking likely to challenge the $1.1718-$1.1746 resistance zone once more. The ability to break through that resistance zone is key in determining whether we are set for a wider period of gains. As such, watch for […]

Euro: USD/EUR (EUR=X) tries to break $1.17 again

Euro: USD/EUR (EUR=X) tries to break $1.17 again

Euro: USD/EUR (EUR=X) tries to break $1.17 again EUR/USD is making another attempt to move above the $1.17 area that has blocked progress since the second half of August. Above this, the $1.18 area and then $1.1852 come into view. Rising trendline support appears around $1.1630, and further weakness requires a close below $1.1523. Overall, the […]

Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT  Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]

Euro: USD/EUR (EUR=X) stuck below $1.17

Euro: USD/EUR (EUR=X) stuck below $1.17

Euro: USD/EUR (EUR=X) stuck below $1.17 We have seen EUR/USD gain steadily over the past few days, but a move above $1.17 still eludes it. Above here, the $1.18 area and $1.1852 zones are areas of resistance. A move back below $1.16 hands the initiative to the sellers, although $1.1550 still remains a significant area of support. […]

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance EUR/USD sold off sharply from the $1.1720 region on Friday, with the pair shifting away from a crucial area of resistance. The ability to break through the $1.1746-$1.1790 resistance zone is key in determining whether we are set for a bullish breakout or not. With the […]

Euro: USD/EUR (EUR=X) Poised For Further Gains

Euro: USD/EUR (EUR=X) Poised For Further Gains

Euro: USD/EUR (EUR=X) Poised For Further Gains The EUR/USD exchange rate has made strong gains over recent weeks aided by a tightening in monetary policy in the region. The European Central Bank (ECB) went ahead and cut monetary stimulus in half last week which aided the uptrend while confirming they are on track to deliver an interest rate rise […]

JPMorgan are predicting the next financial crisis to strike in 2020

JPMorgan are predicting the next financial crisis to strike in 2020

JPMorgan are predicting the next financial crisis to strike in 2020 With the 10th anniversary approaching of the catalyst for the last major global stock market crash – the Lehman Brothers’ collapse – strategists from JPMorgan are predicting the next financial crisis to strike in 2020. Wall Street’s largest investment bank analyzed the causes of […]

Euro: USD/EUR (EUR=X) consolidates around trendline resistance

Euro: USD/EUR (EUR=X) consolidates around trendline resistance

Euro: USD/EUR (EUR=X) consolidates around trendline resistance EUR/USD has rallied back into the four-hour simple moving average (SMA) resistance overnight, with the pair remaining stuck between the descending trendline resistance and SMA support. That trendline (dating back to June) is back in play now, and we would need to see a break through $1.1659 to signal […]

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]

The EU are the New Nazi’s

The EU are the New Nazi’s

The EU are the New Nazi’s The EU parliament’s vote to trigger Article 7, allowing punitive measures against Hungary, has provoked disbelief and indignation, with commentators describing the “authoritarian” move as contrary to the bloc’s own self-interests. Citing Hungary’s anti-immigration policies and concerns about “media suppression,” the European Parliament voted on Wednesday to invoke the […]

Euro: USD/EUR (EUR=X) held up at SMA support

Euro: USD/EUR (EUR=X) held up at SMA support

Euro: USD/EUR (EUR=X) held up at SMA support EUR/USD has been turning lower from trendline support over the past 24 hours, with the pair seeking to continue the pullback following the late-August rebound. This move lower is likely to continue, yet with the 200-day simple moving average (SMA) on the four-hour chart below, we have a […]

Forex: USD Fell on Canada’s Alignment with President Trump on Trade

Forex: USD Fell on Canada’s Alignment with President Trump on Trade

Forex: USD Fell on Canada’s Alignment with President Trump on Trade $USD/CAD The US fell Wednesday in Asia as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement (NAFTA). US Dollar (.DXY) Index finished littl changed at 95.19, looking to […]

Euro: USD/EUR (EUR=X) surges in early trade

Euro: USD/EUR (EUR=X) surges in early trade

Euro: USD/EUR (EUR=X) surges in early trade Renewed euro strength early on this morning suggests we may see another attempt by EUR/USD to break the $1.1660 area that stifled upward progress last week. If this is broken then the August high at $1.1740 comes into view. The cautiously bullish view would be negated by a move back […]

The Next Euro Crisis

The Next Euro Crisis

The Next Euro Crisis With trade tensions, an Italian government bucking at deficit limits and emerging market currency woes threatening the eurozone, observers will look to the European Central Bank for reassurance Thursday, while policymakers strive to project stability. Since July, when ECB President Mario Draghi proclaimed “confidence” in the outlook for growth and inflation, […]

Euro: USD/EUR (EUR=X) testing $1.15 again

Euro: USD/EUR (EUR=X) testing $1.15 again

Euro: USD/EUR (EUR=X) testing $1.15 again Friday’s jobs data knocked EUR/USD back to the $1.15 support level, with a further test of this level this morning. Fresh declines would target the $1.13 level. A move above $1.1660 is needed to suggest a broader move higher is underway, and even then it needs to clear $1.18, which has […]

Argentina Under Pressure

Argentina Under Pressure

Argentina Under Pressure Argentine President Mauricio Macri’s government will continue discussions with the International Monetary Fund this week as efforts to stave off an economic crisis multiply. It will be a crucial week for Macri and his government after a turbulent few months in which the currency has been badly hit by a crisis of […]

Trade War Hits Europe

Trade War Hits Europe

Top officials from the US and EU meet in Brussels on Monday in an effort to iron out differences on trade talks announced to great fanfare this summer. US President Donald Trump and European Commission head Jean-Claude Juncker in July pledged to hold off from further tit-for-tat tariffs and to work towards a limited trade […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month on not. Key support near 95 on the US Dollar (.DXY) Index could lead to USD strength again, the support is holding.PE Notes: The USD strengthened a […]

Euro: USD/EUR (EUR=X) holds $1.15 again

Euro: USD/EUR (EUR=X) holds $1.15 again

Euro: USD/EUR (EUR=X) holds $1.15 again A choppy day yesterday nevertheless saw EUR/USD finish above the $1.1554 level, in a similar fashion to that seen on Tuesday. A fresh push higher above $1.1660 would target the $1.1730 highs from late August. A break below $1.15 is needed to revive the bearish view. Further gains above $1.1730 would […]

Euro: USD/EUR (EUR=X) tumbles following deep retracement

Euro: USD/EUR (EUR=X) tumbles following deep retracement

Euro: USD/EUR (EUR=X) tumbles following deep retracement EUR/USD is selling off after an overnight rally which took us into the 76.4% retracement. This deep retracement allows for better risk-to-reward trade entries. We are now seeing the pair push back towards yesterday’s lows, with the trend looking set to resume once more. Therefore look for a break […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Notes: After a quiet Monday due to holidays in USA, the USD strengthened a bit Vs the Euro and Sterling from Tuesday’s session.It […]

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend It may well be that EUR/USD’s downtrend from the April highs has reasserted itself. The pair faltered last week at $1.17, so further declines below $1.15 will support the bearish thesis. This would open the way to support at $1.13. A close above $1.16 would signal that the buyers […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Note: After a quiet Monday due to holidays in USA, the USD could begin strengthening Vs the Euro and Sterling from […]

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend EUR/USD fell below trendline support, with the pair moving into a crucial area of support that will determine the outlook for the week ahead. The pair needed to either break through $1.1746 for a more bullish outlook, or below trendline support to prove that we could be set […]

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today For the EUR, stats through the week include August private sector PMI numbers due out on Monday and Wednesday, July retail sales figures out of the Eurozone on Wednesday, Germany factory orders on Thursday, with finalized 2nd quarter GDP numbers out of the Eurozone and […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early next month (it is happening early). This Supports not holding.PE Notes: The Argentinian Peso at 37.96 has crashed almost 33% from marks near 31.30 to 41.46 […]

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance EUR/USD has been trying to rally through the Tuesday peak of $1.1733, with the pair pushing towards the crucial bullish breakout level of $1.1746. So far, however, we have failed to break either of those levels, which points towards a potential period of weakness. […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early next month. This become bigger if certain Support and Resistances hold. PE Notes: Some positive sentiment is swirling around the BREXIT talks helped GBP rally Wednesday. EUR […]

Euro: USD/EUR (EUR=X) rallies into key resistance level

Euro: USD/EUR (EUR=X) rallies into key resistance level

Euro: USD/EUR (EUR=X) rallies into key resistance level EUR/USD has managed to rally through a number of resistance points, with the price almost hitting the $1.1746 high from late August. The ability to rally through this $1.1746-$1.1790 resistance zone is going to be key in determining whether we are set for further upside or not. As […]

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