The Trump administration is under a barrage of scrutiny this week after a memo from then-FBI director James Comey surfaced. In that memo, Comey alleges the president attempted to silence an investigation of his former national security advisor, raising the specter that Trump engaged in obstruction of justice – an impeachable offense under U.S. law.[1] […]

In December 2016, a bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair. Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected. Bearish persistence below 0.7250 allowed […]

Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar’s hourly chart is split between red and neutral signals. The mid-term brings 6 neutral models, and the daily outlook turns green with 4 studies, in line with the more than 19% long interbank. All […]

The dollar index hit a new post presidential election low of 96.95 on Friday May 19th. EUR/USD hit a high of 1.1211 a level not seen since November 9th of last year. On Monday morning, during the European session, the dollar index experienced a moderate rebound, touching 97.29, as the market is aware of a […]

Global macro overview for 22/05/2017: In the late Friday comments, St Louis Federal Reserve President Bullard said, that since the last FOMC meeting in March the job market conditions have deteriorated significantly and the inflation is not growing as strong as expected. After the March interest rate increase, the inflation is not rising as fast […]

US dollar index and global stocks fell on reports that US President Donald Trump revealed classified information to Russia. The U.S. dollar and global stock markets sold off this week as investors fled risky assets amid reports that President Donald Trump shared classified information with Russian officials. Confidence in the Trump administration was further diminished […]

Welcome to the easyMarkets weekly outlook starting this Monday 22 May. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. A number of key reports are due this week for market participants to be aware of but perhaps one of the most interesting events will be former […]

The U.S. dollar resumed its decline on Friday, notching its largest weekly loss in almost a year as political uncertainty around the Trump administration continued to dominate the markets. The stronger Euro rallied to fresh six month highs against the dollar on Friday, with EUR/USD advancing 0.95% to 1.1207. The dollar ended the week down 2.5% […]

Trading plan for 22/05/2017: Markets are beginning the new week in a positive mood, and the Asian stock exchanges are at the highest levels in a month. The political turmoil in Washington is still weighting on the US Dollar. Crude Oil remains strong, GOLD opened with a gap up is coming back to the range. […]

The Dollar index is oversold, diverging and is expected to move higher this week towards at least 99 – 99.50. Price is expected to reverse upwards this week so I prefer to be Dollar bullish. Price is at important weekly support. Red lines – bearish channel The short-term trend remains bearish as price is inside […]

GOLD price is overbought in the short-term and justifies a pullback towards $1,240. It is important for Gold bulls to hold above $1,230 and create a new short-term base of a higher low in order to move above $1,280-$1,300 which is the long-term resistance. Gold price is trading above the Ichimoku cloud support. Price got […]

Wave summary: EUR/NZD continues to gain a little, but we are still not seeing the expected acceleration, which is a bit of a concern. That said, we will continue to look for more upside and ideally acceleration higher towards 1.6655 as long as minor support at 1.5987 is able to protect the downside. A break […]

Wave summary: The correction in wave B is likely not complete yet and we are looking for one more spike to a new low closer to 122.10 to complete wave B. If this count is correct, then minor resistance at 124.94 ideally should be able to cap the upside for a break below minor support […]

EUR/USD: This currency pair gained 290 pips last week, closing slightly above the support line at 1.1200. This week, the price may target the resistance lines at 1.1250, 1.1300 and 1.1350. Some EUR pairs would trend higher, while some would trend lower this week. However, EUR/USD is supposed to move higher. USD/CHF: This currency trading […]

When the European market opens, some economic events will take place such as the Eurogroup’s meetings and the German Buba monthly report. At the same time, the economic calendar of the United States is bereft of any first-tier news. Therefore, amid the reports EUR/USD will move with low to medium volatility today. TODAY’S TECHNICAL LEVELS: […]

In Asia, Japan will release the trade balance report, while the economic calendar of the United States is bereft of any first-tier news. So there is a probability that the USD/JPY pair will move with low to medium volatility today. TODAY’S TECHNICAL LEVELS: Resistance. 3: 112.07. Resistance. 2: 111.85. Resistance. 1: 111.63. Support. 1: 111.36. […]

Overview: The GBP/USD pair faced strong resistance at the level of 1.2973 because the double top is set around the spot of 1.3047. Consequently, the strong resistance has already been formed at the level of 1.2973 and the pair is likely to trade around the spot of 1.2973 and 1.3047. However, if the pair fails […]

Boris and Kathy Forex Weekly – 22/5/2017 – Majors The U.S. dollar came under heavy selling pressure this past week with the greenback breaking key support levels against the Japanese Yen, Euro, British Pound and other currencies. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-22-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about Pepperstone: […]

Boris and Kathy Forex Weekly – 22/5/2017 – Commodity Dollars The U.S. dollar came under heavy selling pressure this past week with the greenback breaking key support levels against the Japanese Yen, Euro, British Pound and other currencies. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-22-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about […]

Boris and Kathy Forex Weekly – 22/5/2017 – Crosses The U.S. dollar came under heavy selling pressure this past week with the greenback breaking key support levels against the Japanese Yen, Euro, British Pound and other currencies. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-22-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about Pepperstone: […]

The US dollar index remains strongly bearish, now looking for a consolidation below the 97.00 psychological level. The nearest support lies around 96.90, which should open the doors to test the level of 96.25. This is the preferred scenario, taking into consideration that the 200 SMA on the H1 chart is pointing to the downside. […]

The GBP/USD pair is struggling to consolidate above the 1.3000 handle, as the sterling moved with a bullish bias last week. The resistance zone of 1.3038 is still strong and it’s capping further gains in GBP/USD. If we witness a breakout above 1.3038, then a rally towards 1.3105 is expected to happen. H1 chart’s resistance […]

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