Analytics

GBP/USD has been rising amid optimism coming from China.  Growing chances of negative rates in the UK, Brexit, and US coronavirus may weigh on markets. Monday’s four-hour chart is showing bulls have an advantage. Brits have returned to the pubs – and the pound is cheering due to developments on the other side of the…

GBP/USD is on the back foot amid the Brexit impasse and US coronavirus concerns. The easing of restrictions in the UK and thin liquidity could limit the slide. Friday’s four-hour chart is painting a mixed picture. Brits will be celebrating this Fourth of July – not due to sympathy with their former colony rebelling and eventually…

GBP/USD is trading on high ground amid an upbeat market mood, despite worrying UK events.  All eyes are on US Non-Farm Payrolls, expected to show an ongoing recovery. Thursday’s four-hour chart is pointing to overbought conditions and strong resistance above. Cool Britania – GBP/USD has broken above the downtrend line and surged to new highs…

EUR/USD has been edging up as optimism about a coronavirus vaccine outweighed cases.  All eyes are on US Non-Farm Payrolls, which are set to continue recovering. Thursday’s four-hour chart several bullish developments for the currency pair. What cannot go down, must go up – EUR/USD has been rising above the uptrend support line and is…

GBP/USD has rebounded amid end-of-quarter flows and upbeat US figures. Brexit, the Leicester lockdown, and doubts about Johnson’s plan may send sterling lower. Wednesday’s four-hour chart is showing downtrend resistance remains intact. A cat is said to have nine souls and also the volatile found its mojo amid end-of-quarter flows – but it may be…

EUR/USD has been recovering amid upbeat economic data. Top-tier US figures and coronavirus figures are set to rock markets. Wednesday’s four-hour chart is showing a double-bottom is supporting the pair. Caring about coronavirus? Another record number of daily US cases has failed to stop stocks from closing higher on the last day of the second…

GBP/USD has been trying to recover as markets stabilize and PM Johnson promises stimulus. Coronavirus concerns, Brexit, and pricing in of the plan may trigger another fall. Monday’s four-hour chart is pointing to the downside. Another Boris boost? Markets expected a boost in investment after the late 2019 elections – which ended in a landslide…

EUR/USD has been advancing as investors shrug off rising US coronavirus cases. Europe’s relative success with curbing COVID-10, inflation figures, and other developments are eyed. Monday’s four-hour chart is painting an improving picture for the pair. Coronavirus is raging in America – Texas’ positive test rate has surged above 14%, Arizona and Georgia have reported…

GBP/USD has been on the back foot amid rising coronavirus concerns on both sides of the pond.  Weaker GDP, US figures, doubts about PM Johnson’s plan, end-of-quarter flows set to move cable. Tuesday’s four-hour chart is showing bears are still in control. GBP/USD traded above 1.28 in mid-June – and has been struggling to recapture…

EUR/USD is under pressure amid coronavirus concerns. Data from both sides of the Atlantic, Powell’s testimony, and more COVID-19 statistics are awaited. Tuesday’s four-hour chart is showing that uptrend support is being challenged. Will a successful quarter end on a high note for EUR/USD or will it correct to the downside? The last day of…