Analytics

Sellers retain control, as the recovery lacks momentum. Coin awaits catalysts for fresh near-term trading impetus. Monero (XMR), the 14th largest cryptocurrency with the current market capitalization of $1.26 billion and an average trading volume of $94 million, is the second-biggest loser among the top 20 widely traded cryptocurrencies. The coin has lost almost 4%…

GBP/USD may advance as an Ireland-only backstop may be found. The Bank of England is set to refrain from policy changed after the Fed cut rates. Thursday’s technical chart is pointing to fresh gains. Boris Johnson may have his cake and leave it whole after all – or at least almost whole. Arlene Foster, leader…

The Bank of England is set to leave its policy unchanged but may hint of the next moves. While wages are up, inflation has dropped. A hard Brexit may be delayed but nothing is certain. This ongoing uncertainty has paralyzed policymaking. Will Governor Mark Carney change his mind about leaving by year-end? Join our live…

The Federal Reserve is set to determine EUR/USD next significant move. A rate cut is on the cards, but Chair Powell may balance it with optimism.  Wednesday’s four-hour chart is painting a mixed picture. The wait is almost over – after the ECB introduced stimulus and triggered volatility – now it’s the US Federal Reserve’s…

The Federal Reserve is set to cut interest rates for the second time in a row but may signal that this reduction – like the previous one – is not part of a cycle. Investors are watching the Fed’s projections for the next moves – aka the “dot plot”. Will they signal another rate cut…

BTC/USD technical analysis: Bitcoin needs to break out of this range On the four hour chart below, the BTC/USD price is showing that it is stuck between some tight ranges. This is obviously pretty peculiar for Bitcoin which is usually volatile. Even worse over the past few days, we have been stuck in a USD 458 range. The main value area…

EUR/USD enjoyed (or suffered) significant volatility in response to the European Central Bank’s decision. It now faces the Fed. Where next? Danske Research discusses EUR/USD outlook around next week’s FOMC policy meeting. “We expect the Fed to cut again next week in line with market pricing..  We expect the Fed to repeat its easing bias and…

FX Strategists at UOB Group see the Aussie Dollar gaining further traction and visit the 0.69 area and possibly above in the near term. Key Quotes 24-hour view: “AUD traded between 0.6849 and 0.6885 yesterday, slightly higher and narrower than our expected 0.6840/0.6880 range. The underlying tone has firmed somewhat and a move above 0.6885…

GBP/USD has been rising in an uptrend channel and may extend its gains. Sterling has been ignoring the warnings of chaos under a no-deal Brexit. Further political developments and US inflation figures will likely shape trading today. Is  already pricing in the worst-case scenario? Probably not, but it seems that investors are optimistic that a hard…

Tension is mounting ahead of the all-important ECB decision. High expectations may lead to a bitter disappointment and a surge for EUR/USD. Thursday’s chart is showing a wedge that implies substantial moves. D-Day is finally here – and EUR/USD traders’ tension is sky-high. D is for Mario Draghi, president of the European Central Bank who…