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EUR/USD has been consolidating its gains after US inflation beat expectations. Concerns about trade are weighing on sentiment.  Friday’s four-hour chart is mixed for EUR/USD. What happens when the data contradicts the central banker’s word? Confusion and choppy price action. US Core Consumer Price Index has accelerated to 2.1% in June – above 2.0% expected.…

GBP/USD has been consolidating its gains as the dust settles from Powell’s testimony. Brexit will likely return to the spotlight as the Conservative contest nears its end. Friday’s technical four-hour chart shows GBP/USD is capped by a downtrend resistance line. The “Powell Put” has probably run its course – and it is back to Brexit…

EUR/USD has been rising after Fed Chair Powell opened the door to rate cuts. The second part of Powell’s testimony, US inflation, and the ECB minutes are set to move prices today. Thursday’s four-hour chart is showing favorable conditions for EUR/USD bulls. “The outlook has dimmed” – said , Chair of the Federal Reserve on Wednesday…

GBP/USD has been extending its recovery after the Fed’s Powell opened the door to cuts. BOE’s Carney speech, US inflation, and Powell’s second appearance are due. Thursday’s technical picture has materially improved for the pair. Brexit has been fading from the headlines – and that has been a significant relief for the pound.  has been on…

EUR/USD has been edging lower ahead of Fed’s Powell testimony. Powell is set to shed some light on the path of monetary policy and rock markets. Wednesday’s four-hour chart points to a downtrend channel that may be in risk. The wait and the frustrating range trading have almost come to an end. Jerome Powell, Chair…

GBP/USD has been rising from the lows amid mixed data. Fed Chair Powell’s testimony is left, right, and center. Wednesday’s four-hour chart shows pound/dollar is attempting to break downtrend resistance.  has barely escaped the abyss of reaching the lowest in over two years – but no dangers await. Tuesday’s  sent cable to 1.2439 – only one…

EUR/USD has been trading closer to 1.1200 as the ECB contemplates resuming QE. Fed Chair Jerome Powell’s public appearances are highly anticipated.  Tuesday’s four-hour chart shows EUR/USD is experiencing oversold conditions – implying a bounce.  has been leaning lower – and for good reasons. Dark clouds are gathering over Europe and the European Central Bank…

EUR/USD has been attempting to recover after Friday’s US jobs report sent it down. Speculation about action from central banks is set to dominate price action today. Monday’s technical chart shows a series of higher lows – a lone bullish sign amid a bearish trend. The Federal Reserve has 224,000 good reasons to ignore President…

GBP/USD has been recovering from the fresh six-month lows it hit on Friday. Brexit uncertainty looms large over the pound. Monday’s four-hour chart points to oversold conditions that imply a bounce – albeit a temporary one. The pound’s vulnerability has been exposed. When the US reported an increase of 224,000 jobs in June – significantly…

EUR/USD has been sliding after German factory orders plunged.  The US Non-Farm Payrolls is eagerly awaited and may trigger high volatility. Friday’s four-hour chart indicates EUR/USD may extend its falls. Tight trading ranges are typical ahead of the all-important US Non-Farm Payrolls – but  traders were unable to hold their fire amid profound German weakness. Factory…