News
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GBP/USD: Cable Bounces After Challenge of Three-Month Lows
The House of Commons vote is now just a week away, and Brexit is taking on an increasingly negative tone as the vote nears. But a mass of support remains underneath current price action.
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USDJPY Technical Analysis: Inability to Break Higher Keeps Eyes on Lower
The Elliott Wave chart pattern for USDJPY shows the potential for a bearish reversal near current levels in continuation of wave ((c)) of a bearish zigzag.
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USD/CAD Rate Forecast: CAD Jumps Most in 2 Months on CA Oil Supply Cut
The Canadian Dollar strengthened on Monday thanks to Canadian and OPEC cuts exciting the market in the aftermath of a Trade Truce between Trump & Xi, but the technical patterns show it is likely too early to get excited.
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ASX 200 Technical Analysis: Up-Channel Holds, Bulls Need To Push
The ASX 200 remains within the uptrend channel which has been in place since the index slid to its 2018 lows last month. However, the channel could do with an upside test
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DAX 30 & CAC 40 Charts – Outlook Bearish in the Near-term and Longer
Europe got a lift to start the week on U.S./China Trade War news over the weekend, but failing to sustain in the short-term, remains bearish more broadly speaking.
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XE Market Analysis: Asia – Dec 03, 2018
After rallying into the N.Y. open on Monday, the Dollar pulled back slightly through the session, taking the DXY to a low of 96.88 from 97.14 highs. A stronger than expected Manufacturing ISM briefly supported the Greenback, though has little impact overall. Wall Street meanwhile traded down from early highs, as the market did a […]
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XE Market Analysis: Tariffs Truce Dents Dollar as High Yielders benefit
OVERVIEW US Dollar falls as a ceasefire in tariffs is declared between the US and China The Pound dives to five-week lows as Brexit fears intensify Commodity currencies such as the Australian and New Zealand Dollar strength on risk appetite HIGHLIGHT The New Zealand Dollar was one of a basket of currencies to benefit from […]
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XE Market Analysis: Europe – Dec 04, 2018
A risk-back-off theme gripped markets, while a concurrent decline in U.S. Treasury yields has driven Dollar underperformance. This backdrop drove USD-JPY down by over 0.5% as the pair posted a nine-day low at 113.05. EUR-JPY, AUD-JPY and other Yen crosses have concurrently declined, although by a lesser magnitude, as the Japanese currency picked up safe […]
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XE Market Analysis: North America – Dec 04, 2018
The main movers today have been the Dollar, which has declined concomitantly with Treasury yields as markets recalibrate the Fed policy outlook, the Yen, which has attracted a safe-haven bid as the U.S.-China “truce” trade faded and global stocks turn lower, and Sterling, which spurted about a big figure higher versus the Dollar on Brexit-related […]