USDNOK rallied up resulting in a breach of the previous high of 8.9906 from January 2016, generating a fresh high at 9.0413. Then the bears came on board and corrected the pair lower past 8.9906 and currently, the price has found some support at the flat Tenkan-sen average. Heading north are the 50-, 100- and […]

It might be another troublesome week for the euro as initial Eurozone PMI readings for the month of August could enhance the case for a heavier stimulus package by the European Central Bank. The reaction in the euro however will depend on the level of monetary easing investors have already priced in, with the Fed’s […]

It might be another troublesome week for the euro as initial Eurozone PMI readings for the month of August could enhance the case for a heavier stimulus package by the European Central Bank. The reaction in the euro however will depend on the level of monetary easing investors have already priced in, with the Fed’s […]

Major pairs hold within recent trading ranges as markets seek direction from the Federal Reserve Trump steps up rhetoric against China, reminding investors that trade war is here to stay Euro unfazed by Italian political crisis, pound see-saws on Brexit backstop headlines Calm in currency markets ahead of key Fed events Major pairs were trading […]

EURJPY plotted a twenty-eight-month low of 117.51 and then adopted a sideways demeanor over the last week. The pair was unable to push beneath, as momentum dried up, something indicated by the candles as well as the squeeze which formed in the Bollinger bands. The medium-term trend remains negative, also reflected by the 50- and […]

EURGBP registered sharp losses for the first time after 14 weeks following the peak to an almost decade high of 0.9323. The market switched to consolidation this week, moving sideways around the 0.9100 support area, with the flattening RSI and the falling MACD painting an overall neutral-to-bearish picture for the short-term. Should the downside correction stretch below 0.9100, […]

EURGBP registered sharp losses for the first time after 14 weeks following the peak to an almost decade high of 0.9323. The market switched to consolidation this week, moving sideways around the 0.9100 support area, with the flattening RSI and the falling MACD painting an overall neutral-to-bearish picture for the short-term. Should the downside correction stretch below 0.9100, […]

USDZAR’s one-month rally up from the five-month low of 13.808 seems to have lost steam moving slightly sideways after recording an eleven-month high at 15.492. Despite the 50-, 100- and 200-period simple moving averages (SMAs) reflecting a bullish picture as they rise on the four-hour chart, the MACD and RSI warn of a possible short-term correction. […]

USDSEK’s revived rally upwards from the 9.4925 low of August 14, saw the bulls take the reins to push the pair higher above a 17-year high of 9.6980. The Tenkan-sen average has steepened confirming the new move, whilst bullish signals also come from the 50-, 100- and 200-period simple moving averages (SMAs) as they rise […]

It will be a decisive week for the US dollar, with the minutes of the latest Fed meeting being released on Wednesday (18:00 GMT), before Fed chief Jay Powell delivers remarks at the Jackson Hole symposium on Friday (14:00 GMT). Since the minutes won’t reflect the latest escalation in trade, they could appear slightly hawkish […]

USDCHF rebounded from an 11-month low of 0.9658 last week to pierce the 20-day simple moving average (SMA) on Monday. Still, the momentum indicators suggest that the market may lose steam in the short-term as the RSI seems to be pulling back from its 50 neutral mark and the Stochastics are reversing lower in the overbought territory. […]

GBPCHF has been hovering between the 23.6% and the 38.2% Fibonacci levels of the bearish move with a top at 1.2367 and a low at 1.1670 over the past two sessions. Technically, the sentiment may hold neutral-to-bearish in the short-term in the four-hour chart as the RSI is currently positioned around its 50 neutral mark and the […]

GBPCHF has been hovering between the 23.6% and the 38.2% Fibonacci levels of the bearish move with a top at 1.2367 and a low at 1.1670 over the past two sessions. Technically, the sentiment may hold neutral-to-bearish in the short-term in the four-hour chart as the RSI is currently positioned around its 50 neutral mark and the […]

WTI oil futures collapsed back down to the lower boundary of the nearly three-month trading range, registering a seven-month low of 50.51, before the bulls rallied back up to the 200-period simple moving average (SMA) on the four-hour chart. The MACD and the RSI are also indicating some weakness but suggest a positive directional momentum […]

WTI oil futures collapsed back down to the lower boundary of the nearly three-month trading range, registering a seven-month low of 50.51, before the bulls rallied back up to the 200-period simple moving average (SMA) on the four-hour chart. The MACD and the RSI are also indicating some weakness but suggest a positive directional momentum […]

Stocks extend gains as prospect of more stimulus overrides worries about fallout from trade war US dollar edges higher as Treasury yields recover; Fed minutes and Powell speech awaited Aussie firms on RBA minutes; euro struggles amid unease about Italy Global stimulus hopes continue to drive sentiment Growing signs that more governments and central banks […]

Stocks extend gains as prospect of more stimulus overrides worries about fallout from trade war US dollar edges higher as Treasury yields recover; Fed minutes and Powell speech awaited Aussie firms on RBA minutes; euro struggles amid unease about Italy Global stimulus hopes continue to drive sentiment Growing signs that more governments and central banks […]

GBPUSD has been softly rising since the day it tumbled to a new 31-month low of 1.2014 but the 20-day simple moving average (SMA) appeared somewhat restrictive on Monday, pushing the price a little bit lower. The MACD continues to improve above its red signal line, though with the RSI holding in bearish territory and […]

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For all your market news, views and key trading set-ups, Chris Weston takes you through all the action and upcoming event risk to help you capitalise, and assess the risks to your exposures. For daily views and commentary straight to your inbox, sign up (for free) to Chris’s Daily Fix – https://cloud.go.pepperstone.com/join-daily-fix?_ga=2.35478502.679769720.1562538238-655932486.1557873476 For more information […]

Against the background of an empty economic calendar, the euro-dollar pair is trading at the boundary of the 11th figure, showing phlegmatic price movements within 30 points. Traders are in no hurry to open major positions in anticipation of the Jackson Hole Symposium, during which representatives of the central bank of leading countries of the […]

Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 – 1.2550. On July 5, a bearish range breakout was demonstrated below 1.2550 (the lower limit of the depicted consolidation range). Hence, quick bearish decline was demonstrated towards […]

Back in June 24, the EURUSD looked overbought around 1.1400 facing a confluence of supply levels. In the period between 8 – 22 July, sideway consolidation-range was established between 1.1200 – 1.1275 until a triple-top reversal pattern was demonstrated around the upper limit. Shortly after, evident bearish momentum (bearish engulfing H4 candlestick) could bring the […]

Weekly view: Based on the weekly time-frame, I found that key resistance at the price of 1.1226 held last week and that we got strong rejection of the middle Bollinger band (20SMA), which is good sign for further downside. Additionally, there is reversal bearish engulfing candle, which is another confirmation of the weakness. 4H time-frame […]

After the rapid strengthening of the safe-haven currencies in the first half of August, investors prefer to close positions, weighing the risks. On the one hand, the slowdown in global GDP, trade wars and increased volatility of financial markets support the demand for the Japanese yen and the Swiss franc. On the other hand, expectations […]