By Murray Gunn For better or worse, the markets perceive that Fed chairman Powell has showed his hand. The recent Federal Open Markets Committee (FOMC) minutes of the January meeting revealed almost unanimous agreement to announce a...
USDCAD failed to break below 1.3112 support and stayed in a trading range between 1.3112 and 1.3241. As long as 1.3241 resistance holds, the price action in the range could be treated as consolidation for the downtrend...
USDJPY broke above 111.23 resistance, suggesting that the upside movement from 108.49 has resumed. Further rise could be expected and next target would be at 112.50 area. Near term support is at 111.30, only a breakdown below...
AUDUSD is facing 0.7069 support, a breakdown below this level could trigger further downside movement towards 0.7000. near term resistance is at 0.7130, a break of this level could bring the price back towards 0.7200.
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2772. As long as the trend line support holds, the fall from 1.3350 could be treated as consolidation for the...
EURUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.1234. As long as the price is in the channel, the pullback from 1.1419 could be treated as consolidation for...
By Steve Hochberg and Pete Kendall Once upon a time, central banks’ purchases of common stocks were non-existent. In recent times, however, a 2018 Reuters article observes that once stodgy central banks have moved into the fast...
USDCAD is facing 1.3112 support, a breakdown below this level could signal resumption of the downtrend from 1.3339, then next target would be at 1.3000 area. Resistance is at 1.3241, only a break of this level could...
USDJPY continued its sideways movement in a trading range between 110.25 and 111.23. As long as 110.25 support holds, the sideways movement could be treated as consolidation for the uptrend from 108.49, a breakout of 111.23 resistance...
AUDUSD failed to break above 0.7206 resistance and pulled back from 0.7198. Deeper decline would likely be seen and next target would be at 0.7080 area. Only a break above 0.7206 resistance could trigger another rise towards...
