News
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US Dollar Struggling Versus SGD as USD/IDR and USD/MYR Prices Rise
The US Dollar is struggling to keep its gains against the Singapore Dollar while USD/IDR and USD/MYR add momentum to their ascent. Meanwhile USD/PHP is facing reversal pressures.
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FTSE Chart Analysis – Trying to Reverse from Critical Area of Support
Yesterday, the FTSE sank into a confluence of support and put together a minor reversal; it’s a big area looking out over the long-term.
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Technical Take for Gold Price, Crude Oil, DAX, S&P 500, and More
Gold continues to be difficult in a trading range, crude oil at risk of further weakness after hitting resistance, DAX and S&P 500 both trying to reverse off support levels.
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Dow Reversal Gains Speed, Tests Below 26k: Are Bulls Done?
It’s been a brutal day in US equities and the Dow is now down 4.3% over the past week. But this comes after a 12% bump in Q3, begging the question: Are bulls done?
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AUD/USD Technical Analysis: Deeper Aussie Dollar Drop Expected
The Australian Dollar is stalling at support above the 0.70 figure against its US namesake but the broader price trend continues to look decidedly bearish.
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USDJPY Chart Analysis: Elliott Wave Correction to Below 110?
The Elliott Wave chart pattern for USDJPY shows a completed zigzag from March 2018 to October 2018 hinting to a correction below 110.
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Nikkei 225 Technical Analysis: Sharp Falls Leave Bulls Down, Not Out
The Nikkei 225 has fallen sharply from its recent multi-decade highs, but bulls can probably still dare top hope for as long is its former trading range remains unthreatened
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XE Market Analysis: Europe – Oct 10, 2018
Sterling has gained on Brexit related news while other currencies have remained directionally challenged, with EUR-USD continuing to play a narrow path around 1.1500 and USD-JPY holding a narrow range around the 113.00 level. Cable managed to eke out a two-week high at 1.3174 and EUR-GBP a near four-month low at 0.8732.
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XE Market Analysis: North America – Oct 10, 2018
The Dollar majors have continued to ply mostly narrow ranges. EUR-USD has continued to gravitate around 1.1500, returning to this level after yesterday briefly breaking orbit and posting a seven-week low at 1.1432. Concerns about Italian budgetary prudence have continued to linger, although BTP yields have come off their highs today. USD-JPY has remained entrenched […]
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XE Market Analysis: Hopes of a Brexit Deal Peak Up the Pound and the Euro
OVERVIEW The Pound rose today as optimism grew over a Brexit deal being reached The Euro also gained strength as fears over Italy’s budget deficit were trumped by encouraging Brexit headlines The Canadian Dollar edged lower the USD today as oil prices fell and US Treasury yields hovered around multi-year highs. HIGHLIGHT The Pound reached […]