2018

The Marabuzo level from the 12th September is seen at 0.7143. This is close to the current trend line support at 0.7138. Although signals are far from strong, buying a dip at this zone, with a measured move of 0.7360, offers good…
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Daily Forex Market Preview, 14/09/2018 The Bank of England and the ECB’s monetary policy meetings were held yesterday. Both the central banks left interest rates unchanged as widely expected. The BoE was seen preparing the markets for a…
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The Bank of Canada held its monetary policy meeting last week. As widely expected, the BoC Governor Stephen Poloz kept borrowing costs unchanged. Interest rates were steady as policymakers decide to wait for the outcome of the NAFTA…
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Typically the week after NFP, the US Census Bureau publishes the retails sales data for the prior month. The data can be price-sensitive and impact foreign exchange rates, as well as equities. There are several bits of data released at the…
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Technical Monthly: Prices look to be heading towards a new 83 month high. The sequence for trading is higher highs and lows. A move through bespoke resistance at 74.94 and we look for extended gains. The medium-term bias remains bullish.…
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Daily Forex Market Preview, 13/09/2018 The U.S. dollar eased back strongly on Wednesday. The United States was seen making attempts to hold trade talks with China. On the economic front, data from the Labor Department showed that producer…
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ukThe UK's economic activity as measured by the manufacturing, construction and services sector showed that businesses were struggling to hire. Based on the monthly reports, the UK's economy was seen to be on track to post a 0.4% quarterly…
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Like all currency pairs, there are certain peculiarities of Japan and their currency that make the JPY perform differently, and this can have an impact on how the market behaves. Consequently here are a few things from a fundamental…
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Daily Forex Market Preview, 12/09/2018 The British pound managed to post some modest gains on Tuesday after data showed that average earnings increased 2.9% on the year excluding bonuses in July. The data beat estimates and the…
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Technical Monthly: Broken out of the channel formation to the downside. This is negative for sentiment and the downtrend has potential to return. A lower correction is expected. We have a 50% Fibonacci pullback level of 11148 from 8695…
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