Category: Info

GBP/USD Forecast Sep. 17-21 – Brexit headlines galore

GBP/USD had another volatile week amid Brexit headlines and it managed to pull forward, also thanks to USD weakness. What’s next? Inflation and retail sales numbers stand out. Here are the key events and an updated technical analysis for GBP/USD. Chief EU Negotiator Michel Barnier moved the pound once again by saying that reaching a Brexit deal […]

EUR/USD Forecast Sep. 17-21 – Big bounce we can believe in?

EUR/USD had a choppy week amid market mood swings. What’s next? Apart from Trump’s tariffs and Brexit, the PMI data stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The European Central Bank left its policy unchanged and President Mario Draghi surprised with an upbeat tone. The […]

Forex Weekly Outlook Sep. 17-21

Currencies rocked and rolled on some calm on the trade front, Brexit optimism, and top-tier economic data from the US. The focus shifts away from the US amid an eclectic mix of figures from various places in the world. Here are the highlights for the next week. The US and China are talking once again. […]

3 reasons why the USD is on its feet again

The US Dollar is back from a break, gaining ground across the board. A mix of optimism, good enough data and rising yields is behind the greenback comeback. The US Dollar dropped on Thursday amid disappointing inflation data. Risk currencies also enjoyed no news on the trade tariffs that the Trump Administration wants to impose on China. […]

NZD/USD faces further consolidation near term – UOB

The Kiwi Dollar is now poised to move into a consolidative theme vs. the greenback, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected a higher NZD yesterday but were of the view that “a sustained break above 0.6590 is not expected”. NZD subsequently surged to a high of 0.6590 but the […]

Bitcoin bounces back ahead of Direxion’s ETF decision

The BTC/USD had an exciting week, recovering nicely and making a nice U-turn. Interest from Morgan Stanley pushed prices higher and so did Mike Novogratz’s comments. The technical picture is mixed for the digital coin. The price of Bitcoin made an impressive recovery, advancing from enjoying a bounce of over $400 and topping $6,500. Morgan Stanley is […]

No NAFTA news is good news for the Canadian dollar

A weak USD and NAFTA hopes pushed USD/CAD down. Friday’s Canadian inflation and retail sales numbers stand out.  The technical picture is mixed for the USD/CAD. This was the week: Some NAFTA hopes, low US inflation Mexican Negotiator Ildefonso Guajardo expressed optimism about Canada joining the deal between the US and Mexico, helping the loonie advance. […]

USD/JPY enjoys the upbeat mood, but can it last?

The USD/JPY reached the highest in more than a month amid calm on the trade fronts. US housing data and the BOJ decision stand out.  The chart shows a bullish trend after a long period of consolidation.  This was the week: No trade disasters, weak US inflation The US and China resume negotiations on trade. […]