Analytics

GBP/USD went too far, too fast, time for a drop?

May 1, 2019 Off

GBP/USD has reached two-week highs amid USD weakness, some Brexit optimism The focus moves from the UK to the US with top-tier data and the Fed. The four-hour chart shows overbought conditions, implying a fall.  is extending its gains, trading above 1.3050, at levels last seen on April 17th. There are several reasons for the…

By admin-445

EUR/USD looks good on May Day / Fed Day

May 1, 2019 Off

EUR/USD is consolidating its gains as trading lightens up on May Day and ahead of the Fed. The Fed decision and two critical US figures will set the tone. The technical picture is quite favorable for the pair.  is trading just above 1.1200, off the highs but not too far. The market mood remains relatively…

By admin-445

EUR/USD finally has reasons to rise

April 30, 2019 Off

EUR/USD is trading above 1.1200, buoyed by improving GDP, inflation. Markets continue digesting the data as the month draws to an end. The technical picture is significantly better for the pair.  extended its gains and tops 1.1200. The initial driver was USD weakness. The Core PCE Price Index came out at 1.6% YoY in March,…

By admin-445

EUR/USD has limits to its recovery, bears are abound

April 29, 2019 Off

EUR/USD is extending its gains after hitting new lows on Friday.  The reaction to Spain’s elections will make way to fresh US data. The four-hour chart shows the pair is not oversold anymore.   extends its gains above 1.1150 after setting a new 2019 trough of 1.1110 on Friday. US GDP came out at 3.2% annualized…

By admin-445

GBP/USD: Recovery is limited without a Brexit solution

April 29, 2019 Off

GBP/USD continues recovering, mainly on USD weakness. US data and Brexit-related news are set to dominate. The technical picture remains bearish for the pair.  is trading in the mid-1.2900s, extending its gains from the two-month lows of 1.2868 seen last week. The central driver is the weakness of the US Dollar. The greenback continues “selling…

By admin-445

Will EUR/USD buy the fact on a super-strong US GDP?

April 26, 2019 Off

EUR/USD staged a limited recovery after hitting 22-month lows.  US GDP is left, right, and center, and expected to be robust. The four-hour chart shows EUR/USD exited oversold conditions.  is recovering, but this can be described only as yet another “dead cat bounce.” The rise is limited, and the moves have stalled. The divergence between…

By admin-445