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

AUDJPY or AUD/JPY stands for the pair of currencies composed of the Australian Dollar and the Japanese Yen. Because neither is the US Dollar, this is is a cross pair. The value corresponds to how many Japanese Yen (the quote currency) are… Read More

Since the Swiss National Bank’s last meeting, the landscape for the Swiss economy has worsened. Weaker than expected Q3 GDP data along with slow growth in key export markets have increased downside risks for the SNB. Due to the… 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

The latest jobs report from the United States showed that while the pace of hiring slowed in November, wage growth increased to the highest level in a decade as the unemployment rate held steady. The data underlined the fact that the… Read More