Analytics

GBP/USD suffers with May’s resignation

May 24, 2019 Off

Political news remains central to the next moves for the currency pair. The four-hour chart continues showing a bearish outlook despite the recovery. The end of Theresa May’s era begins at the end of May. The PM has just announced she will step down as Conservative Party leader on June 7th. The decision has been…

By admin-445

EUR/USD has five reasons to fall

May 23, 2019 Off

EUR/USD hit the lowest in four weeks on a mix of USD strength and EUR weakness. Trade, the Fed, EZ PMIs, the elections, and Brexit all weigh. The technical picture remains very bearish for the currency pair.  does not like to move that much but now it has not had another option. A perfect storm…

By admin-445

GBP/USD is suffering with May

May 23, 2019 Off

GBP/USD extends its falls towards 1.2600 on ongoing political turmoil. The fate of May and the withdrawal deal are in the limelight as Brits vote in the EU elections. The technical outlook is mostly bearish for the currency pair. Theresa May is still the PM, but probably not for long. The embattled leader has suffered…

By admin-445

3 reasons to go short on EUR/USD

May 22, 2019 Off

EUR/USD is back to the lower range after a failed attempt to rise on Tuesday.  Trade tensions, the European elections, and Brexit all weigh. The technical outlook is bearish for the pair.  has taken a trip to the upside on Tuesday and may be ready for a trip to the downside today. Here are three…

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GBP/USD set to lose 1.27 as May tries again

May 21, 2019 Off

GBP/USD extends its descent amid ongoing political uncertainty. UK PM May convenes her cabinet to plot a last attempt to pass her Brexit deal. The four-hour chart shows the currency pair still suffers oversold conditions. The saying “third time’s a charm” did not apply to UK PM Theresa May’s Brexit deal, but perhaps her fourth…

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EUR/USD edging towards new 2019 lows on ongoing trade wars

May 21, 2019 Off

EUR/USD is getting comfortable in lower ground as the US-Sino trade war intensifies. Upcoming elections in Europe may send the common currency lower. The technical outlook is bearish for the currency pair. It is two steps backward, one step forward for EUR/USD that settles on lower ground in moves that somewhat resemble the ongoing commercial dispute…

By admin-445

GBP/USD recovery may be a selling opportunity

May 20, 2019 Off

GBP/USD is still suffering from ongoing political uncertainty. UK PM May will make a last attempt to convince MPs to support her Brexit plans. The four-hour chart shows the currency pair is exiting oversold conditions. A bold plan is what UK PM Theresa May will offer members of parliament in a last-ditch attempt to get…

By admin-445

EUR/USD has the blues this Monday

May 20, 2019 Off

EUR/USD remains depressed as the US and China draw further apart. Tension towards the European elections also weigh. The technical outlook is bearish for the currency pair.  has the blues this Monday morning. The trade war between the US and China is not going away and even getting worse as Google is limiting its interactions…

By admin-445