Boris Johnson not doing any favors to GBP/USD

The GBP/USD is extending its losses, trading at the 1.3000handle. Concerns about Brexit, a disappointing GDP, and threats to the government weigh. The technical picture looks more bearish than it used to. The GBP/USD is battling 1.3050, trading lower and extending its drops. Brexit negotiations are going nowhere fast, with the open issues being the Irish border […]

EUR/USD suffers on Italy and the Fed, bears in control

The Italian government approved a deficit of 2.4%, breaching EU rules. A busy day of indicators ends the quarter as the Fed is still heard. The pair is entering oversold conditions, but the bears are in control. The EUR/USD is trading closer to 1.1600, extending the losses seen on Thursday. The Italian government approved a […]

What’s next for USD/JPY after setting a new high for the year?

The USD/JPY broke above the previous 2018 highs at 113.43 and hit a new peak of 113.64 before consolidating its gains. What’s next? The Technical Confluences Indicator shows that the pair still needs to make a convincing move above 113.43 where we see the convergence of the Bollinger Band 4h-Upper, the Simple Moving Average 5-15m, the BB one-day Upper, […]

Canadian GDP – Trading with USD/CAD

Canada’s quarterly GDP report has a significant impact and moves the C$. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The USDCAD moved, on average, 13 pips in the 15 minutes after the data release and 39 pips in the following 4 hours.  Selling USD/CAD Scenario Tradable […]

EUR/USD: Trading the euro-zone inflation, September 2018

September’s flash inflation report is watched closely by the ECB and moves the Euro. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. the EURUSD moved, on average, 9 pips in the 15 minutes after the data release and 33 pips in the following 4 hours. Buying EUR/USD […]

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