2019

Possibly forming a bearish Head and Shoulder pattern. A break of the neck line (0.9912) and the measured move target is 0.9825
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The first trading month of the year did not see any significant surprises. Brexit developments made the headlines after Prime Minister May’s Brexit deal did not get the vote. While PM May managed to survive a vote of no-confidence, the…
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There are two events coming up on the economic calendar which traditionally inject volatility into AUD pairs, in addition to other data that might be relevant to traders looking for some Australian insight. Here are some things to keep…
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The U.S. Dollar recovered on Friday as the economic data was broadly positive. The monthly payrolls report showed that the average hourly earnings rose at a slower pace of 0.1%. However, on a year over year basis, average hourly earnings…
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The economic calendar for the week ahead will see the RBA and the Bank of England holding their monetary policy meetings this week. Both central banks should keep interest rates unchanged. On the economic front, the data from the United…
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Overnight we had several bits of data released out of Australia which is an excellent opportunity to check up on what's going on down under and what might be in store for their currency. Next week there is the monetary policy meeting of the…
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Looks to be forming a bullish reverse Head and Shoulders pattern. A break of 7090 and the measured move target is 7550. We have bespoke support at 6901. Buying dips at this level offers a sound risk/reward set up
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The U.S. Dollar recovered from the losses on Thursday as price action pulled back. On the economic front, German retail sales fell 4.3% which was more than the forecasted 1.5% decline. The Eurozone's fourth-quarter GDP report showed that…
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Summary Consumer prices rise by 0.1% during the three months ending December 2018 New Zealand’s annual inflation rate at 1.9% Fuel prices drag consumer prices lower Inflation pressure is stronger than expected RBNZ’s rate…
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