The GBP/USD has been unfolding lower in an expanding triangle visible on the daily chart. The recent up-leg has encountered resistance from the upper boundary line at the current 1.5645 highs. From here there is a possibility...
The yen has been correcting back and it has now reached a 61.8% Fibonacci of the previous move. My preference is for more downside given the incomplete wave sequence down from the March highs. A break below...
The dollar fell sharply on disappointing results of the U.S. Advance Retail
Important discourses from the North American central banks are expected to lift market volatility today, where the Canadian dollar is anticipated to gain opposite the US currency. The Bank of Canada is scheduled to release the nation’s...
The EUR/USD pair is rising within a down-sloping channel. It will probably reach the upper channel line at 1.2360. The target for the double bottom and the monthly pivot, however, lie slightly higher at 1.2380 – another...
The International Monetary Fund has stepped up its warnings on risks to the global economy, especially from Europe, as it trimmed its growth forecast for the rest of the year.
The EUR/USD pair got a nice bounce after initially falling on Monday as the Americans reported a very weak retail sales number. This had people selling the US dollar, and as a result the euro got a...
The USD/JPY currency pair had a bearish session on Monday as the “risk off” trade came into play. This would have been set off by the poor retail sales number coming out United States, and as such...
The GBP/USD pair initially fell during the Monday session, only to bounce back and form a bit of a hammer on top of the massive green candle from Friday. This looks as if the 1.56 level will...
The AUD/USD initially fell during the session on Tuesday, only to bounce to form a hammer off of the Friday bullishness. Looking at the Australian dollar as a proxy for global risk, it appears that traders believe...
