Analytics

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…

By admin-445

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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EUR/USD looks vulnerable ahead of the ECB

June 6, 2019 Off

EUR/USD has been consolidating above 1.1200 amid Trump’s trade wars The focus is shifting to the all-important ECB meeting that may paint a darker picture of the economy. Thursday’s four-hour chart shows a critical support confluence below 1.1200. EUR/USD has been unable to hold onto the highs and finds itself vulnerable ahead of the European…

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GBP/USD downed by Trump and Brexit – double top looms

June 6, 2019 Off

GBP/USD has been falling off the highs after failing to top 1.2750. Uncertainty about Brexit and Trump’s trade wars weigh. Thursday’s four-hour chart shows a mixed technical picture. Pound bulls have probably breathed a sigh of relief after Mark Carney, Governor of the , refrained from causing carnage – skipping recent developments in his speech. However,…

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EUR/USD gains are limited ahead of the ECB, despite Powell

June 5, 2019 Off

EUR/USD has been consolidating its recent gains which stemmed from USD weakness. Weak euro-zone inflation figures are indicating a cautious stance from the ECB on Thursday and concerns about Italy weigh. Wednesday’s four-hour chart is pointing to overbought conditions. The subtlest of hints of a Fed rate cut has been all that markets had been…

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