Technical Analysis

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Yesterday at this time, the price of gold was trying to stay below the 100/200 hour MAs near $2510 (blue and green lines). Sellers could not keep the pressure on and the sellers turned to buyers. After some intraday volatility yesterday, buyers returned and pushed the price back up to the ceiling area between $2526.43

Fundamental Overview Crude oil has been on a seesaw this week as we got a rally on Monday on the news that Libya was going to close down all oil fields and halt production and exports. That spike eventually got faded and prices even fell below the level seen before the news. Yesterday, we got

Fundamental Overview After the strong push lower from last Friday when Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium, the USDCHF pair hasn’t moved much as the lack of catalysts this week kept the price action at bay. The market is waiting for the key economic releases next

While the EURUSD and the GBPUSD trades between the 100 and 200-hour MAs. The USDCHF is also trading between those two MAs as the last trading of the day of the weeks gets started The 100-hour MA is below the current price at 0.8448 (blue line in the chart below). The higher 200-hour MA is

Fundamental Overview This week has been pretty boring all around as the lack of catalysts kept the price action confined in a tight range. The market is waiting for the key economic releases next week as we will get the ISM PMIs and lots of US labour market data including the NFP report. As a

The NZDUSD has moved higher after the surprising ANZ business outlook index which moved to the highest level in over 10 years. The Own Activity index moved to the highest level in 7 years. Looking at the daily chart, the swing high from January 4 reached 0.62853. The high price today just reached 0.62849, and

Fundamental Overview Since last Friday, the USD has been mostly weak as Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium where he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can

The AUDUSD is trading in a narrow 40 picked trading range for the first two days of the week. THat is not a lot. However just ahead is Australia’s CPI data for the month of July. With the range narrow and contained, traders should look for a break momentum in the direction of the break.

Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can to support a strong labour market was key.

The USDJPY is trading to a new session high as some dollar buying enters into what has been a very quiet open to the new trading day. For the USDJPY, the price of the pair initially dipped into a swing area between 144.038 and 144.447 reaching a low of 144.225, but could not go any

Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. The line saying that they will do everything they can to support a strong labour market was key. Despite this,

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Fundamental Overview Yesterday, the yen strengthened across the board in the Asian session without any clear catalyst. It looks like it was more of a technical move as the price broke through a key trendline rather than something fundamental. On the other side, there might be some pre-positioning into a dovish Powell speech on Friday

Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the recent appreciation of the CAD has been mostly driven by the US Dollar side of the equation. The

Fundamental Overview After the breakout of the 2480 resistance, gold eventually extended the gains into the 2532 level as the momentum buyers piled in. In the big picture, gold should remain supported as real yields fall as we head into the Fed’s easing cycle, but in the short-term strong US data might provide pullbacks along

Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the appreciation of the EUR has been mostly driven by the US Dollar side of the equation. The ECB

Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the appreciation of the GBP has been mostly driven by the US Dollar side of the equation. The market