2019

The EU leaders agreed to the UK’s request to extend Brexit from March 29th to May 22nd if the UK parliament will adopt the Brexit bill this week. PM May initially sought an extension until June 30. Failure by the UK parliament to adopt the…
Read More

German PMI Falls to Near 6-Year Low Earlier, data from Europe saw German and French PMIs falling back into contractionary levels. Germany's Flash manufacturing PMI declined to 44.7, a near 6-year low. Meanwhile, services came out somewhat…
Read More

The downward trending resistance line dominates medium term price action
Read More

The ICE US dollar index gained 0.6% reversing the declines from Thursday. President Trump said that the tariffs on China will stay for a significant period of time despite negotiations resuming next week. However, Washington noted it would…
Read More

Japan seems poised to close out the week with a bunch of activity on the economic calendar which could cause some moves in JPY pairs. Later today, it's Friday already in the Asian session. And traders looking to take positions ahead of the…
Read More

Swing trading and day trading are two terms that any trader will probably have come across at some point. Although the goal of both these methods of trading is the same, the approach is a bit different. Some might argue that…
Read More

The rally in recent weeks has led to a retest of the neckline of the top pattern.
Read More

The USD was trading weaker on Wednesday after the FOMC meeting yesterday saw the Federal Reserve leaving interest rates unchanged. The Fed also signaled no rate hikes this year according to the dot plot projections. As expected,  they also…
Read More

Coming up in the Asian session, we could have some volatility in AUD pairs with the simultaneous release of several key labor statistics from Australia. After a couple of speeches by members of the RBA, we get our big data release of the…
Read More