Analytics

GBP/USD has reversed its gains as the dollar benefits from upbeat US data.  The last economic release for the week may outweigh Britain’s vaccine success.  Friday’s four-hour chart is showing momentum has turned to the downside, triple bottom in danger. Hangover – Sterling has been falling from the highs and reconnecting with the reality of…

EUR/USD has been benefiting from falling US yields.  Previous and upcoming US data may trigger a dollar rally risks a downfall. Friday’s four-hour chart is pointing to fresh gains. Break or bounce? That is the question for as it approaches 1.20 for the fourth time since early March and the second time this week. Fresh…

EUR/USD has retreated as the Fed has begun mulling withdrawing stimulus ahead of US Retail Sales.  Vaccine delays in Europe continue weighing on the common currency. Thursday’s four-hour chart is pointing to overbought conditions.  Is the taper tantrum making a comeback? Markets are far from breaking down, but when the world’s most powerful central bank…

GBP/USD has failed to hold above 1.38 as the dollar gained fresh ground.  US Retail Sales will likely dominate trading, overshadowing Britain’s reopening.  Thursday’s four-hour chart is painting a mixed picture.  Shop until you drop – that is what the upcoming release of US Retail Sales is set to reveal about Americans’ buying in March.…

US Retail Sales have surged by 9.8% in March, smashing estimates.  Pressure on the dollar following tame inflation figures may be coming to an end.  The stock market rally may also be reaching a turning point. Doorbuster figures– Americans have not been waiting for Black Friday to swarm shops and buy big. , smashing estimates,…

EUR/USD has been riding higher after US inflation fell short of investors’ fears. The halting of J&J’s vaccine distribution may delay Europe’s exit from the covid crisis. Wednesday’s four-hour chart is showing overbought conditions. No stopping the printing press – fears that the Federal Reserve would taper its bond-buying scheme have proved premature after Tuesday’s…

GBP/USD has been benefiting from dollar weakness to advance toward 1.38. The possibility of mixing vaccines may strengthen Britain’s resilience to supply shocks. Wednesday’s four-hour chart is showing that cable is nearing critical resistance.  Mix and match – the experiment to combine doses from different COVID-19 vaccines is expanding from AstraZeneca and Pfizer to Moderna and…

EUR/USD has been under pressure as US yields rise once again. Elevated expectations for US inflation figures may result in a disappointment, weighing on the dollar.  Tuesday’s four-hour chart is pointing to an increase  When everybody is expecting an upside surprise, there is only one likely reaction – disappointment, and that may trigger price action.…

GBP/USD is turning down as concerns about Johnson & Johnson’s vaccines grip markets. Sterling continues benefitting from a rapid British vaccination campaign and Britain’s reopening. Tuesday’s four-hour chart is showing bears are in control. After 97 days, Brits got back to their beloved pubs – and sterling now suffers a hangover, albeit from different reasons.…

GBP/USD has bounced from the triple bottom as the UK reopens. Brexit issues, US inflation and concerns, and vaccine scares may curb bulls’ enthusiasm. Monday’s four-hour char is showing bears are in the lead.  A day of freezing temperatures may not be the best day to return to the high street – and perhaps not…