technical analysis

Economic data on the day saw the UK's average earnings increased  by 3.3% in the three months ending October. The data beat estimates of a 3.0% increase. Previous data was revised higher to show a 3.1% reading. The UK's unemployment rate… Read More

USD/CAD has been slowly but steadily rising for more than a year, from September 2017 until December 2018. The structure, however, does resemble a corrective sequence, due to the multiple present overlaps. USD/CAD – Weekly Chart On… Read More

EURUSD Non-Commercials increased their net shorts in the Euro last week selling a further 6k contracts to take the total position to -61k contracts. The main focus this week will be whether the ECB proceeds as expected and announces an… Read More

The U.S. Dollar extended gains on Monday amid a somewhat slow trading day and lack of any clear fundamentals to push the USD higher. Gold prices retreated from Friday's highs, and it was a similar story for the Euro currency as well. GDP… Read More

Euro has been taking advantage of the Pound’s recent weakness and price action activity, with GBP/USD weakening due to the USD’s overall strength, thus triggering a bullish sequence on EUR/GBP. However, the larger pictures could point… Read More

The recent OPEC meeting which kicked off in Vienna in the back end of last week ended over the weekend with some positive news for crude bulls. The fifteen-member oil-producing cartel along with non-OPEC allies, led by Russia, announced… Read More

Germany's industrial production sector was seen falling by 0.5% on the month which missed estimates of a 0.3% increase. The declines follow a 0.1% increase previously. The Eurozone's final employment change figures showed a 0.2% increase… Read More

Crude oil prices retreated this week despite the latest industry data reporting a drawdown in inventories for the first time in two months. The Energy Information Administration report this week showed that on the week ending November 30th,… Read More

Gold The yellow metal rallied this week, benefiting from weakness in the US Dollar to trade back to its highest levels since Q1 of the year. The weakness in the US Dollar was seen in response to Fed chairman Powell comments at the Economic… Read More