Analytics

EUR/USD waiting for the next hammer to fall

February 19, 2020 Off

EUR/USD has been attempting to stabilize around the lowest since 2017. Economic divergence, coronavirus headlines and the FOMC Meeting Minutes await traders. Wednesday’s four-hour chart is pointing to oversold conditions. The “Macron Gap” has been breached – and that implies further falls for EUR/USD, even if it suffers from oversold conditions. Back in April 2017, the…

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GBP/USD under immense pressure with Brexit, data, and coronavirus news

February 18, 2020 Off

GBP/USD has been struggling as Brexit concerns accumulate. The UK jobs report and coronavirus headlines are in play. Tuesday’s four-hour chart is pointing to worsening conditions. Brexit headlines have begun biting – finally. Long days of acrimonious headlines from both sides of the English Channel have finally pushed  lower. The straw that broke the camel’s back…

By admin-445

GBP/USD: Fearing Brexit and capped at double-top

February 17, 2020 Off

GBP/USD is holding onto gains amid hopes for fiscal stimulus. Investors are shrugging off heightened Brexit rhetoric. Monday’s four-hour chart is pointing to potential gains. When a Tory government abandons fiscal conservatism – why should pound traders remain cautious? The perceived willingness of Prime Minister Boris Johnson to open the UK’s purse strings continues having a positive…

By admin-445

EUR/USD continues eyeing the Macron Gap

February 17, 2020 Off

EUR/USD has kicked off the new week under immense pressure. Coronavirus concerns and German economic weakness are set to dominate trading. Monday’s four-hour chart is pointing to further falls for the pair. EUR/USD has hit the brakes just before the cliff – but it may still accelerate and take the plunge. The world’s most popular…

By admin-445