2018

The move lower can be seen in 5-waves (Elliott Wave) and the initial selloff is assessed as being complete. We are now in the choppy correction higher. Bespoke resistance is located just above the 50% pullback level of 7483 (from…
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Daily Forex Market Preview, 10/10/2018 Economic data on the day showed that Japan's economy watchers sentiment rose to 48.3. This beat estimates of 47.3 but was weaker than the previous month's 48.7. The German trade balance data showed…
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The UK's economy was seen to have managed to keep its steady but soft pace of growth in the third quarter. Data from the IHS Markit covering the manufacturing, services and construction sectors showed. However, the uncertainty in the…
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EURUSD or EUR/USD is shorthand for the pair of currencies made up of the Euro and the United States Dollar. Trading this pair, in particular, is often known as trading the "euro" (even though there are other currencies the Euro trades…
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Daily Forex Market Preview, 09/10/2018 With the U.S. and Canadian markets closed, trading was relatively subdued. Still, the U.S. Dollar managed to maintain a steady pace of gains on Monday. On the economic front, China's Caixin…
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Monthly: For the last 86 months USDCHF has held within a bullish channel formation. Level close to 1.0340 continue to cap buying.  A full AB=CD formation would the the pair to 1.1450. The psychological 1.0000 (Big Figure) continues to be…
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The U.S. labor department released its latest monthly non-farm payrolls report on Friday. Data showed that the job creation fell to the lowest level in a year. However, on the flip side, the U.S. unemployment rate fell to the lowest level…
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Some analysts have been recently speculating that gold might have hit a medium-term bottom (or, at least, near to it), and projected to increase over the next several quarters. Let's have a look at some of the reasons that have been given.…
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Here is our weekly video analysis for the FX Majors. Starting with the USD Index, we will be breaking down time-frames while highlighting what you should be looking out for this week!
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Daily Forex Market Preview, 08/10/2018 Australia released its retail sales report. Data showed that retail sales increased 0.3% on the month, matching estimates. In Japan, the household spending report showed a 2.8% increase on the year.…
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