Analytics

EUR/USD has been extending its gains amid optimism about trade talks.  Comments on negotiations from President Trump are awaited.  Monday’s four-hour chart is showing that critical resistance is close. Brick by brick, EUR/USD is rising in response to reports that trade talks have been constructive. The upbeat mood in markets is supporting the euro and weighing…

GBP/USD has been rising after weekend polls showed gains for the Conservatives. Further developments related to British politics and trade talks are eyed. Monday’s four-hour chart is pointing to overbought conditions Boris is back to a double-digit lead in polls – and the pound likes it. The  has shown a substantial increase in the ruling Conservative Party’s lead…

Here is their view, courtesy of eFXdata: MUFG Research discusses GBP outlook on the back of reports that the Brexit Party is due to stand down in 43 seats across the UK. “The odds have shifted more in favor of a Tory election victory. Further reduction in political risk premium is probable, helping the pound, but…

EUR/USD has been advancing amid optimism in trade talks. US retail sales and concerns about the euro-zone fiscal stimulus may weigh on markets. Friday’s four-hour chart is pointing to further falls. Are the US and China on the verge of signing a trade deal? Optimism is sweeping markets, weighing on the safe-haven US Dollar, and…

EUR/USD has been looking for a direction amid trade headlines. President Trump’s speech and speculation about Fed policies are set to dominate trading. Tuesday’s four-hour chart is pointing lower after exiting oversold conditions.  Even a dead cat bounces when it hits the floor – this pattern has been dominating EUR/USD trading in recent days – but…

The US is bracing for a cold snap that could increase demand for natural gas. NG prices are on an uptrend every winter. Mid-November’s technical chart is showing higher lows, a bullish sign. No fewer than 148 daily record lows are now forecast to be broken – the prediction of America’s National Weather Services is music to…

– GBP/USD has been on the back foot amid election uncertainty and USD strength – Further political developments and speculation about the BOE are set to dominate trading. – Wednesday’s four-hour chart is mixed for the currency pair. Implying that the victims of a devastating fire lacked common sense – this is probably not the best way…

– EUR/USD has been attempting to recover amid upbeat euro-zone data – Headlines coming out from the US-Sino trade talks are set to move markets. – Wednesday’s four-hour chart is pointing to fresh falls for the currency pair. Has the German economy bottomed out? That may help the euro to battle the recent wave of USD…

EUR/USD has been on the back foot amid optimism about trade talks. A critical US indicator stands out on the economic calendar. Tuesday’s four-hour chart is showing fresh downside momentum. A signing ceremony on US soil – that may be President Donald Trump’s victorious picture – and he may be willing to pay a price for that.…

The General Motors strike has likely pushed Non-Farm Payrolls below 100,000 in October. While markets may factor that in, the broader picture is of a slowdown in the labor market. September’s gains stood at 136,000, below the past years’ averages. Wage growth carries expectations for an increase of 0.3% monthly and 3% yearly after the…