Analytics

GBP/USD awaits Boris Johnson with some anxiety

June 12, 2019 Off

The Conservative contest has been heating up as Boris Johnson prepares to launch his campaign. US inflation data and US-Chinese relations stand out today.  Wednesday’s four-hour technical chart shows the pair is capped by an uptrend channel. The leadership contest in the Conservative Party has been going along smoothly – until now. After letting all…

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EUR/USD may be entering overbought conditions

June 12, 2019 Off

EUR/USD has been extending its gradual gains as the greenback loses ground. US inflation is left, right, and center for the currency pair today. Wednesday’s four-hour chart shows EUR/USD is entering overbought conditions.  may have been listening to President Donald Trump’s complaints about the weak euro – or more likely extending its gains as speculation…

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EUR/USD has three reasons to resume its falls

June 11, 2019 Off

EUR/USD has been gradually moving upwards amid a better market mood. The Italian political drama, Trump’s tariffs, and seemingly exaggerated Fed expectations fuel the rise. Tuesday’s four-hour chart points to further gains for the pair. Have markets learned to ignore President Donald Trump’s tariff threats? That may be the message.  has been on the rise. 1)…

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GBP/USD gains may be short-live amid political risks

June 11, 2019 Off

GBP/USD has been rising after the UK salaries rose more than expected.  The focus will likely shift back to the critical Conservative contest. Tuesday’s four-hour chart shows that the broken uptrend support is capping the recovery. Britain’s economy has shrunk in April but wage growth rose by 3.1%, more than 3% expected – and that has…

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GBP/USD suffers from weak UK data, amid the Tory contest

June 10, 2019 Off

GBP/USD has been losing its gains in response to weak UK data. The Conservative party begins its leadership contest today and the contenders differ on Brexit strategies. The four-hour chart shows that GBP/USD is falling off the uptrend channel. The pound trades almost exclusively but it has been unable to ignore horrible figures. The UK economy…

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EUR/USD has the blues as the ECB also considers cuts

June 10, 2019 Off

EUR/USD has been consolidating the gains fueled by the weak US Non-Farm Payrolls.  The ECB has reportedly been worried about the exchange rate and de-anchoring of inflation expectations.  Monday’s technical four-hour chart points to further gains for the pair.  seems to have sobered up – gaining on the weakness of the USD is short-lived –…

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4 reasons why EUR/USD can fall – not only the NFP

June 7, 2019 Off

EUR/USD has been consolidating off the new highs after the ECB decision. The US Non-Farm Payrolls report awaits traders and markets have other factors to digest. Friday’s four-hour chart shows a double top and a mixed picture in general. Has the European Central Bank been dovish or hawkish? Markets are digesting President Mario Draghi’s words…

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GBP/USD leans lower ahead of the US jobs report

June 7, 2019 Off

GBP/USD has been struggling to extend its gains amid growing political uncertainty.  The US Non-Farm Payrolls is in the spotlight. Friday’s four-hour chart shows a mixed technical picture. What cannot go up, must come down – goes the saying – and that may be Sterling’s fate today. Nigel Farage’s Brexit Party lost to Labour in…

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