Analytics

EUR/USD rally awaits Trump – tweets may end it

November 18, 2019 Off

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…

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GBP/USD surging on the Boris boost, but it is already overbought

November 18, 2019 Off

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…

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EUR/USD has open door to further falls

November 12, 2019 Off

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…

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Natural Gas ready to rally amid a cold snap

November 12, 2019 Off

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…

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GBP/USD struggles with elections gaffes, USD strength

November 6, 2019 Off

– 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…

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EUR/USD recovery may be limited

November 6, 2019 Off

– 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…

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EUR/USD suddenly looks fragile, ISM eyed

November 5, 2019 Off

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.…

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Non-Farm Payrolls set for sub-100K levels – Live

November 1, 2019 Off

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…

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