Forex

The euro currency is paring losses following the Fed meeting. Prices fell to a five-week low before recovering. This coincides with the trend line from which the common currency is reversing losses. Further continuation to the upside… Read More

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

The British pound sterling failed to breakout above the 1.1300 handle. As a result, price action reversed gains and is pushing lower. The BoE is scheduled to meet today and dovish rhetoric from the central bank could push prices even… Read More

The euro currency was trading on a weaker note as price fell following the Fed decision. This led to the common currency losing the 1.1800 handle. It comes after earlier in the week, the euro gained only for the gains to be capped… Read More

USDCHF looks at a cycle degree wave z, consisting of primary corrective sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. After the end of the intervening wave Ⓧ, prices could move lower in the initial part of zigzag Ⓩ. Wave Ⓩ hints at a standard zigzag… 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