Analytics

EUR/USD looking weak despite upbeat data

January 22, 2020 Off

EUR/USD has been extending its decline as the coronavirus story grips the headlines. Speculation about the ECB’s upcoming decision is set to dominate trading. Wednesday’s four-hour chart is pointing to further declines. Euro bears are spreading like the coronavirus disease – EUR/USD is on the back foot, shrugging off developments that should have pushed it higher.…

By admin-445

Time to sell GBP/USD? Jobs report may have only been a temporary relief

January 21, 2020 Off

GBP/USD has been rising toward 1.3050 after upbeat UK wage figures. Speculation about the BOE’s upcoming decision and headlines from Davos may move markets. Tuesday’s four-hour chart is pointing to further falls. Has the British economy turned a corner? The jobs report for November beat expectations with headline Average Earnings rising by 3.2% annually, better than 3.1%…

By admin-445

EUR/USD looks for a new direction amid Trump’s speech and the coronavirus

January 21, 2020 Off

EUR/USD has been extending its gradual grind lower amid Coronavirus fears. US-EU trade relations, German ZEW figures, and Trump’s speech are on the agenda. Tuesday’s four-hour chart is pointing to further falls. Will EUR/USD bears spread like a virus? The worrying coronavirus strain that has been circulating around China and other Asian countries has infected financial…

By admin-445

EUR/USD pressure set to resume amid trade uncertainty

January 15, 2020 Off

EUR/USD has been trading in a narrowing range amid dual trade tensions. Speculation about the eurozone economy is set to move the pair. Wednesday’s four-hour chart is showing a narrowing wedge. Will President Donald Trump hit the eurozone with new tariffs? That threat is looming over the old continent as Phil Hogan of the European Commission continues talking…

By admin-445

GBP/USD receives another blow, rate cut coming

January 15, 2020 Off

GBP/USD has resumed its falls amid disappointing inflation figures. Additional dovish comments from the BOE and US-Sino trade relations are eyed. Wednesday’s four-hour chart is pointing to further falls after cable set lower highs. The lower band may break – both the Bank of England’s inflation range and GBP/USD’s uptrend support line. UK  slowed to 1.3% yearly in…

By admin-445

Euro fails to break strong resistance, has its own trade troubles

January 14, 2020 Off

EUR/USD has been reaching the limits of its advance. Optimism about Sino-American relations counter fears of EU-US deterioration.  Tuesday’s four-hour chart is pointing to a critical confluence resistance line. One trade spat is cooling but another one could kick off – this time directed against Europe. EUR/USD is caught in the middle between optimism about Sino-American…

By admin-445

GBP/USD eyeing a fall out of the wedge

January 13, 2020 Off

GBP/USD has been pressured by Brexit uncertainty and the BOE’s dovishness. Brexit developments, UK inflation figures, and US consumer data are set to move markets. Early January’s daily chart is painting a bullish picture. The FX Poll is pointing to gains in the medium and long terms. The Bank of England is back – it…

By admin-445