Category: Info

GBP/USD consolidating gains, can shoot much higher

The GBP/USD jumped to higher ground after Barnier said that reaching a Brexit agreement is realistic within six to eight weeks. Can it continue to higher ground? The Technical Confluences Indicator shows that the pair is currently mired in a dense area of technical levels. The 1.3035-1.3048  area is the congestion of last week’s high, the Simple Moving Average 50-15m, the […]

Draghi can down the Euro even on the eve of QE tapering

The ECB is set to provide fresh forecasts ahead of the planned QE tapering. The recent slide in inflation implies a dovish tone from President Draghi. The EUR/USD may see choppy trading due to many moving parts in the presser and beyond. The European Central Bank will deliver its rate decision on Thursday, September 13th, […]

US CPI Preview: Understanding where the Fed will halt hikes

US core inflation is expected to remain unchanged in August. Markets are looking beyond the September hike and into the future. It could serve as a significant market mover for the US Dollar. The US publishes the Consumer Price Index report on Thursday, September 13th, at 12:30 GMT. With Trump’s trade tariffs, issues with Emerging […]

EUR/USD: Both technicals and fundamentals point down

The EUR/USD remains on the back foot in the wake of the new week. Trade tariffs, Emerging Markets, and Brexit are set to move markets.  The technical picture is decidedly bearish for the pair. The EUR/USD is trading in the mid 1.1500s, unchanged after falling on Friday. The greenback enjoyed two positive developments. The Non-Farm Payrolls report […]

EUR/USD path of least resistance is down after the NFP blow

The EUR/USD kicks off the week around the low levels it closed the previous one. Can it recover? It will not be that easy as our analysis demonstrates. The Technical Confluences Indicator shows that the pair faces a wall of resistance around 1.1587. The dense cluster, which spans some 20 pips, consists of the potent lines such as the Fibonacci […]