Analytics

EUR/USD on shaky ground amid weak data

July 24, 2019 Off

EUR/USD has been falling amid disappointing German data. Speculation about central bank action is set to determine the next moves. Wednesday’s four-hour chart points to a potential bounce due to oversold conditions.  has been unable to stop falling – and there is no respite in sight. There are three reasons for the fall. 1) German…

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GBP/USD receives PM Boris Johnson with rises

July 24, 2019 Off

GBP/USD has been rising ahead of Boris Johnson’s entry into No. 10. Johnson’s first speech as PM and his pick of Chancellor are critical. Wednesday’s technical chart shows that downside momentum has waned. Boris Johnson, PM – a moment that many believed will never come is happening today. The former foreign secretary, mayor of London,…

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Will Facebook’s Libra come into use?

July 18, 2019 Off

Recently some of the representatives of Facebook have informed that they’re developing their own cryptocurrency called Libra. However, the main financial officials from the Group of Seven rich democracies have no doubt that this money must be used only after “serious regulatory and systemic concerns”. What’s going on? There was a meeting of G-7 chairmen…

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EUR/USD losing momentum – at risk of turning down

July 12, 2019 Off

EUR/USD has been consolidating its gains after US inflation beat expectations. Concerns about trade are weighing on sentiment.  Friday’s four-hour chart is mixed for EUR/USD. What happens when the data contradicts the central banker’s word? Confusion and choppy price action. US Core Consumer Price Index has accelerated to 2.1% in June – above 2.0% expected.…

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GBP/USD losing its shine

July 12, 2019 Off

GBP/USD has been consolidating its gains as the dust settles from Powell’s testimony. Brexit will likely return to the spotlight as the Conservative contest nears its end. Friday’s technical four-hour chart shows GBP/USD is capped by a downtrend resistance line. The “Powell Put” has probably run its course – and it is back to Brexit…

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EUR/USD rising on Powell but the ECB may limit gains

July 11, 2019 Off

EUR/USD has been rising after Fed Chair Powell opened the door to rate cuts. The second part of Powell’s testimony, US inflation, and the ECB minutes are set to move prices today. Thursday’s four-hour chart is showing favorable conditions for EUR/USD bulls. “The outlook has dimmed” – said , Chair of the Federal Reserve on Wednesday…

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GBP/USD looking strong and ignoring warnings

July 11, 2019 Off

GBP/USD has been extending its recovery after the Fed’s Powell opened the door to cuts. BOE’s Carney speech, US inflation, and Powell’s second appearance are due. Thursday’s technical picture has materially improved for the pair. Brexit has been fading from the headlines – and that has been a significant relief for the pound.  has been on…

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Three ways Powell could move EUR/USD

July 10, 2019 Off

EUR/USD has been edging lower ahead of Fed’s Powell testimony. Powell is set to shed some light on the path of monetary policy and rock markets. Wednesday’s four-hour chart points to a downtrend channel that may be in risk. The wait and the frustrating range trading have almost come to an end. Jerome Powell, Chair…

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GBP/USD tries to recover but faces Powell

July 10, 2019 Off

GBP/USD has been rising from the lows amid mixed data. Fed Chair Powell’s testimony is left, right, and center. Wednesday’s four-hour chart shows pound/dollar is attempting to break downtrend resistance.  has barely escaped the abyss of reaching the lowest in over two years – but no dangers await. Tuesday’s  sent cable to 1.2439 – only one…

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EUR/USD may bounce, but it will probably be short-lived

July 9, 2019 Off

EUR/USD has been trading closer to 1.1200 as the ECB contemplates resuming QE. Fed Chair Jerome Powell’s public appearances are highly anticipated.  Tuesday’s four-hour chart shows EUR/USD is experiencing oversold conditions – implying a bounce.  has been leaning lower – and for good reasons. Dark clouds are gathering over Europe and the European Central Bank…

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