Analytics

EUR/USD: Oversold conditions could send it up

April 2, 2019 Off

EUR/USD is struggling close to the 21-month lows.  Upbeat US data, weak EZ data, and also Brexit weigh on the pair. The pair is entering oversold conditions on the four-hour chart, and this could limit the falls. EUR/USD is battling 1.1200, not too far from the 21-month low of 1.1176 set in March. There are…

By admin-445

This EUR/USD recovery looks foolish

April 1, 2019 Off

EUR/USD kicked off the week with a move to the upside.  Euro-zone inflation and two top-tier US figures dominate. The technical picture looks bearish for the pair. EUR/USD began the week off the lows, escaping from the abyss of 1.1200. The world’s most-popular currency pair holds onto its small gains and did not close the…

By admin-445

UK: The data is not good as it seems, GBP/USD in danger

April 1, 2019 Off

GBP-USD is moving up, getting bouncing back on a better market mood. Parliament´s second round of indicative votes is eyed later on. The technical picture is bearish for the pair. GBP/USD is trading around 1.3100, bouncing from the sub-1.3000 lows recorded on Friday. The rise can be attributed to three factors: Brexit hopes Parliament will…

By admin-445

USD/JPY may succumb to fear unless the data shine

March 29, 2019 Off

USD/JPY did not extend its falls, but its recovery was tepid at best. A hectic week kicks off with retail sales and culminates with the NFP. The technical picture is slightly bearish for the pair and the expert forecast poll shows a short-term bearish bias. This was the week: Falling yields, trade talks Global bond…

By admin-445

EUR/USD has reasons to rise, but it may end soon

March 29, 2019 Off

EUR/USD is making an attempt to recover amid signs of improvement. A turbulent quarter comes to an end and the mood may turn again. The technical picture remains bearish for the pair. EUR/USD is making an attempt to recover. The immediate trigger has been the upbeat German Retail Sales report that showed a jump of…

By admin-445

EUR/USD depressed alongside yields, more falls to come?

March 28, 2019 Off

EUR/USD is trading around 1.1250, consolidating around the lowest levels in two weeks amid a worsening mood. German inflation and US GDP data stand out, as markets watch bond markets. The technical picture is bearish for the pair. EUR/USD is going nowhere fast, with the most recent rise above 1.1250 seeming like yet another “dead…

By admin-445

GBP/USD is stuck in the lows, just like Brexit

March 28, 2019 Off

GBP/USD is trading in the lower end of the recent range as the Brexit impasse continues.  The government and Parliament will try to find a way forward, 15 days to Brexit. The technical picture is worsening for cable.  is trading below 1.3150, at the bottom end of the recent range: 1.3140-1.3265. While markets find it…

By admin-445