EUR/USD path of least resistance is up after ignoring Trump’s tariffs

The EUR/USD is holding onto high ground, unfazed by the US announcement to impose 10% tariffs on $200 billion of Chinese goods. The technical picture remains favorable for the pair. The Technical Confluences Indicator shows that the pair has robust support at 1.1680, which is the convergence of the Simple Moving Average 100-15m, the SMA 100-one-day, and the Fibonacci 23.6% […]

EUR/USD: Can The EUR Rebound Continue? – Credit Agricole

EUR/USD has been gradually moving to the upside, getting close to 1.1700. Can it continue higher? Here is their view, courtesy of eFXdata:  Credit Agricole Research discusses EUR/USD outlook and thinks that EUR will remain generally more resilient than other G10 currencies in the face of growing threat of escalating trade conflict between the US and China. “In […]

Weekly Pattern On Dax Shows Room For 14k

Dax is trading lower or sideways I should say since 2018, and at the moment it is in strong negative correlation with SP500 if we consider that US stocks are at ATH. But this divergence has been the case several times through the past few years so this is not any real big issue yet, […]

TigerWit launches blockchain-based trading app and partners with Liverpool FC

TigerWit Limited, a UK-headquartered global financial technology company, today launched its blockchain-based trading app and announced a partnership with Liverpool FC. As the ‘Official Foreign Exchange Trading Partner of Liverpool FC’ the sponsorship agreement provides TigerWit with a high-profile opportunity to increase its brand recognition. This visibility should drive downloads of its innovative new trading […]

EUR/USD quietly recovering but Trump’s tariffs are feared

The EUR/USD kicked off the week by consolidating Friday’s slide from the highs. Developments on the trade front are eyed. The technical picture remains positive, but the momentum is lost. The EUR/USD is trading in the mid 1.1600s; slightly higher in the wake of the new week. The pair lost ground on Friday due to several reasons. […]

EUR/USD now eyes 1.1790 near term – UOB

FX Strategists at UOB Group remain neutral on spot and expect a test of the 1.1790 area in the next weeks. Key Quotes 24-hour view: “We were of the view last Friday that the “rally is running ahead of itself” but added there is scope for EUR to “test 1.1735 first before it should settle […]

USD/JPY has more room up than down, but it’s not that easy

An upbeat atmosphere in markets sent the USD/JPY higher. While dark clouds are gathering around trade issues, the technical picture remains mostly positive for the pair. The Technical Confluences Indicator shows that the dollar/yen has significant support at 111.72, which is the convergence of the Fibonacci 38.2% one-week and the Bolinger Band 4h-Middle. Further down, 111.42 is an even more robust […]