Category: Forex News

EUR/USD, GBP/USD: Revisiting L-Term Charts: Cycles & Levels – Citi

EUR/USD and GBP/USD turned down, but in different fashions that made the cross interesting as well.

What’s next for these two major pairs? The team at Citi revisits the charts:

Read the rest of the article EUR/USD, GBP/USD: Revisiting L-Term Charts: Cycles & Levels – Citi
When Doves Cry

When Doves Cry

The foreign exchange markets are a mixed bag this Thursday morning, one day following the release of the minutes from last month’s Federal Reserve policy meeting. While the minutes were fairly unremarkable, they did have a slight bias towards “wait and see” on the prospect on when to raise interest rates, which is putting a

USD/CAD Tries To Follow the USD Uptrend – BofA Merrill

USD/CAD Tries To Follow the USD Uptrend – BofA Merrill

The US dollar is on a roll this week, for a variety of reasons. The move also affects the Canadian dollar. The team at Bank of America Merrill Lynch explains: After 2 months of correcting, the USD Index is resuming its larger uptrend, notes Bank of America Merrill Lynch. “The impulsive gains from 93.13 (May-14

EURUSD & GBPUSD Making A Correction Within Downtrend – Elliott Wave Analysis

EURUSD & GBPUSD Making A Correction Within Downtrend – Elliott Wave Analysis

The reaction to yesterday’s FOMC minutes were actually muted across the board, as we haven’t seen anything unexpected from the FED which will wait with raising rates for now even if the economic data will improve. On EURUSD, the price held the daily lows and is now moving even slightly higher, above the Elliott Wave

GBPJPY: Reverses Losses, Eyes Further Upside

GBPJPY: Reverses Losses, Eyes Further Upside

GBPJPY: With GBPJPY reversing its one-day corrective weakness, it now faces further upside risk in the days ahead. This development leaves the threat of a move higher in the days ahead. On the downside, support comes in at the 188.00 level where a violation will aim at the 187.00 level. A break below here will

USD: 3 Signs The Tide Is Turning; How To Trade It? – Credit Suisse

USD: 3 Signs The Tide Is Turning; How To Trade It? – Credit Suisse

The US dollar remains strong also after the FOMC meeting minutes. The ship continues sailing. Here are three signs and how to trade it, by the team from Credit Suisse: Here is their view, courtesy of eFXnews: “For the past two months the USD has been stuck in correction mode. As we highlighted, lengthy consolidation

USDCHF – Watch out for the $0.9460 level

USDCHF – Watch out for the $0.9460 level

Talking Points US Dollar continued to gain against the Swiss Franc and has the potential to test the $0.9460 resistance area moving forwards Swiss ZEW Survey Expectations published by the Centre for European Economic Research came in at -0.1 in May 2015, compared to the last reading of -23.2 USDCHF is trading around $0.9400 which,

EUR/USD: Get Ready For The ‘Divergence Lite’ Trade? – Deutsche Bank

EUR/USD: Get Ready For The ‘Divergence Lite’ Trade? – Deutsche Bank

EUR/USD continues sliding from the highs. Can this continue even lower? What are the drivers behind the move? The team at Deutsche Bank examines the “divergence lite” trade: Here is their view, courtesy of eFXnews: “It would need both ECB and Fed to be driving divergence to generate a repeat of the unusually speedy EUR/USD

Greenback Grind

Greenback Grind

Across Asia and Europe stock indices are trading on a stronger footing as bullish sentiment pervades ahead of the release of the minutes from the last FOMC meeting, an announcement which is sure to set the tone for trading in the balance of the day.  On the back of a GDP number in Japan that

USDCAD & USDJPY Look Bullish: Elliott Wave Analysis

USDCAD & USDJPY Look Bullish: Elliott Wave Analysis

USDCAD is in bullish mode since May 14; making an impulsive rally that can extend even higher today, ideally up to around the  1.2300 area with a fifth wave. On the downside, support can be found near 1.2160-1.2200. USDCAD 30min Elliott Wave Analysis On USDJPY we see five waves up from around 119.17 that we