The UK is delivering its last employment report for 2019 on Tuesday at 09:30 GMT and forecasts are for softer prints which are likely to increase the odds for a rate cut, consequently triggering a downside correction in the pound ahead of a more important batch of data releases later in the week. The decline, […]

The UK is delivering its last employment report for 2019 on Tuesday at 09:30 GMT and forecasts are for softer prints which are likely to increase the odds for a rate cut, consequently triggering a downside correction in the pound ahead of a more important batch of data releases later in the week. The decline, […]

AUDCAD is pushing under the 0.8900 handle, after holding below the downtrend line and being capped by the 50- and 100-day simple moving averages (SMAs). The pair appears to be heading for a revisit of the more than 9-year low of 0.8834 – this being the lower boundary of a six-month trading range. The short-term […]

AUDCAD is pushing under the 0.8900 handle, after holding below the downtrend line and being capped by the 50- and 100-day simple moving averages (SMAs). The pair appears to be heading for a revisit of the more than 9-year low of 0.8834 – this being the lower boundary of a six-month trading range. The short-term […]

After Japan’s unexpectedly large drop in GDP in the fourth quarter, factory, trade and inflation figures will come under the spotlight this week. Machinery orders and trade numbers will be released on Wednesday (Tuesday, 23:50 GMT), followed by CPI data (Thursday, 23:30 GMT) and the Jibun manufacturing PMI (00:30 GMT) on Friday. Although the Bank […]

After Japan’s unexpectedly large drop in GDP in the fourth quarter, factory, trade and inflation figures will come under the spotlight this week. Machinery orders and trade numbers will be released on Wednesday (Tuesday, 23:50 GMT), followed by CPI data (Thursday, 23:30 GMT) and the Jibun manufacturing PMI (00:30 GMT) on Friday. Although the Bank […]

Microsoft’s stock price is trading not too far from the new record high of 189.50 on Tuesday, having pulled back slightly. But momentum indicators suggest that a possible downside correction may be on the cards. In regard to the technical oscillators, the near-term bias is looking neutral-to-bearish as the RSI is flatlining at the 70 level, while the […]

USDCHF finally climbed above the strong support of 0.9760 that had been capping upside moves since late December and questions are rising now about whether the market can sustain the break in the coming sessions.   The positive cross in the 20- and 40-day simple moving averages (SMAs) drove the market within the Ichimoku cloud, […]

EURUSD appears to have slowed slightly – with the development of an inverted hammer pattern – ahead of the April 2017 gap of 1.0820 – 1.0777 following a descent, which deflected off the 50-day simple moving average (SMA) around 1.1095. The short-term oscillators, although still negative, are showing a marginal increase in positive momentum. The […]

EURUSD appears to have slowed slightly – with the development of an inverted hammer pattern – ahead of the April 2017 gap of 1.0820 – 1.0777 following a descent, which deflected off the 50-day simple moving average (SMA) around 1.1095. The short-term oscillators, although still negative, are showing a marginal increase in positive momentum. The […]

Shares in China soar after central bank cuts rates, injects cash and government pledges tax cuts But Japanese stocks struggle as recession fears grow after Q4 GDP drop Dollar holds firm despite mixed data but quiet day ahead as US markets closed China pumps more stimulus as no sign yet of virus peaking Asian stocks […]

Gold stretched its upside rally to a two-week high of 1,584.90 on Friday before pulling slightly lower in a bullish sloping channel in the 4-hour chart. Currently, in the near term, the price is losing some momentum confirmed by the technical indicators as the RSI is flattening near the 70 level, suggesting an overbought market. […]

The Democratic primary race, which will decide who will square off against President Trump at the November presidential election, has kicked off. The field of candidates remains crowded and the outcome uncertain, though national polls increasingly suggest that Senator Bernie Sanders could emerge as the winner. Markets have been complacent so far, assuming that a […]

The Democratic primary race, which will decide who will square off against President Trump at the November presidential election, has kicked off. The field of candidates remains crowded and the outcome uncertain, though national polls increasingly suggest that Senator Bernie Sanders could emerge as the winner. Markets have been complacent so far, assuming that a […]

EURCAD broke to the downside the medium-term sideways range that had been confining the price action in recent months, with an upper bound at 1.4770 and a lower end at 1.4415. The pair is now testing the 3-year low of 1.4350, another violation of which could give the bears more fuel. Short-term momentum oscillators also […]

EURCAD broke to the downside the medium-term sideways range that had been confining the price action in recent months, with an upper bound at 1.4770 and a lower end at 1.4415. The pair is now testing the 3-year low of 1.4350, another violation of which could give the bears more fuel. Short-term momentum oscillators also […]

AUDCHF is currently flirting with the flat blue Kijun-sen line around 0.6586, following a pullback off the all-time low of 0.6436. Backing this improvement, is the red Tenkan-sen line that has turned up and the technical indicators. The short-term oscillators reflect strengthening positive momentum. The rising Stochastic lines are entering the overbought region. Furthermore, the […]

GBPAUD has gained little this week but it managed to hold above the 20-day simple moving average (SMA) and re-enter the 1.9400 area, however, the technical indicators feed prospects for a possible improvement in the near term. The RSI indicator is flattening in the bullish area, while the stochastic is heading north, approaching the 80 […]

The preliminary PMIs for February will take centre stage next week as they will provide the first insight into the possible impact of the coronavirus on the global economy. The flash releases in the Eurozone, Japan, the United Kingdom and the United States should reveal how businesses outside of China have been affected by the […]

Japanese GDP number for Q4 in 2019 are coming up during the early Asian session on Monday at 01:50 GMT. Adding some significant pressure to Japan’s economy lately is the China’s coronavirus, which has threatened exports and factory output, as well as hitting tourism in the country. The economy expanded in the third quarter at a faster pace […]

‘King dollar’ reigns supreme as euro rolls over Pound jumps as UK Chancellor resigns, fueling expectations for fiscal boost Wall Street pares losses, closes near records as ‘all news is good news’ US retail sales the highlight today – crucial for Fed Euro/dollar drifts lower as European exodus accelerates Another day, another multi-year low for […]

GBPJPY yesterday bounced off the 20- and 50-period simple moving average (SMAs) and jumped above the flattened 200-period SMA. The fresh improvement in the price – within the one-month trading range from 140.82 to 144.60 – was soon stalled around a previous high beneath the 143.60 level, which is the 76.4% Fibonacci retracement of the […]

USDCAD is set to close negative after five consecutive green weeks. Particularly, the bulls gave up the rally near the previous peak of 1.3326 on Monday despite piercing it and pulled back into the 1.3200 territory. Expectations are for the cautious sentiment to stay in play in the short-term as the RSI is weakening towards its […]

The German 30 stock knocked January’s all time high of 13,639 on Wednesday and printed a fresh peak of 13,791 on Thursday. With the price pulling below the upper Bollinger band, some caution could emerge in the short-term. Still, any weakness could prove temporary if the area between the middle Bolinger band, which is also […]

GBPCAD’s positive momentum appears to be picking up ahead of the uptrend line drawn from the September 3 low. The move up seems to be assisted by the fresh bullish crossover of the 50-day simple moving average (SMA) by the 20-day one, as well as the technical indicators. The short-term oscillators reflect an improving picture […]