Articles

Every week, the Commodities Future Trading Commission (CFTC) issues a Commitment of Traders (COT) report. Basically, it's a summary of the positions held by large futures trading institutions. It covers all assets, but forex traders are… Read More

AUDCHF has been trading in an ascending channel from the middle of June. Since then, we have witnessed several attempts to break the upper line. The lower channel has also been tested as prices move away from the psychological 0.65 area.… Read More

FOMC Gives Dollar Fresh Hope The US Index finished indecisive on Wednesday as the Federal Reserve published their policy statement. The key takeaways from the FOMC meeting saw the Fed committed to more asset purchases. In addition, it… Read More

Crude oil prices have traded higher across the week, recouping some of the losses suffered over the prior week. This week’s gains have been driven mainly by a bullish report from the EIA. In the week ending September 11th, the Energy… Read More

Lufthansa Shares Lower on Tuesday Shares in German airliner Lufthansa are trading down a little over 1% pre-market on Wednesday. The airline, which is the largest in Germany, has recently announced plans to make further cuts. In a staff… Read More

FOMC Takes Centre Stage Manufacturing production in the US expanded less than forecast as the US index steadied itself above 93. Meanwhile, the US dollar will hinge on guidance from Fed chair Jerome Powell at today’s FOMC meeting. We… Read More

The major theme of this cycle's central bank meetings is the "pivot" from emergency COVID measures towards a more balanced policy to support the emerging recovery. Some of the policies introduced are simply not sustainable in the medium… Read More

NZDJPY has recently witnessed fresh highs at $72. Since then, there has seen a pullback towards the $70 area as the pair is now consolidating. As prices are currently engulfed in the Ichimoku cloud, we now look to a break out from the… Read More

Uber Appealing License Block Shares in US technology company Uber are trading almost 3% higher pre-market on Tuesday. The company has made headlines again this week with news that it will be in court today in an effort to win back its… Read More

There has been a lot of speculation about what the FOMC could decide at their two-day rate decision meeting which ends tomorrow. Interest rates, as expected, are likely to remain the same. However, there has been a lot of talk… Read More