Foreign Exchange

USD Could Be Poised For A Corrective Bounce | DXY, GBP, EUR, CHF

Jun 26 2019 @ 04:53
A bullish outside day on the US dollar index above the March lows suggests a corrective bounce could be due. Less dovish than expected comments from Fed members Powell and Bullard helped break the dollar’s bearish streak since last week’s FOMC meeting, proving reversal candles across FX majors. Whilst the G20 could still impact the […]
 

RBNZ Holds But Keeps Door Open For A Cut In August | GBP/NZD, EUR/NZD

Jun 26 2019 @ 04:52
RBNZ held rates at record lows of 1.5%, opting not to play catch up with RBA’s 1.25%. Yet by reintroducing talk of a cut, they kept the door open easing in August. Statement summary The Official Cash Rate (OCR) remains at 1.5 percent A lower OCR may be needed over time Domestic growth has slowed […]
 

GBP/AUD Could Be Carving Out A Topping Pattern

Jun 25 2019 @ 04:10
GBP/AUD is making hard work on its rebound from the June low, suggesting the move is corrective. and a break lower could be on the cards whilst key resistance holds. Matt Simpson takes a technical look. GBP/AUD’s ‘rebound’ from support lacks momentum. We can see support has been found at the April and June lows […]
 

On Guard For A Dovish Hold From RBNZ | NZD/USD, NZD/JPY

Jun 25 2019 @ 04:08
RBNZ hold their OCR meeting less than 24 hours away. Whilst we expect they’ll hold, we suspect they may introduce a dovish tone, given the apparent ‘race to the bottom’ seen among the Fed, ECB and RBA recently. As we noted in previous reports, RBNZ signalled a cut in March before weak inflation data all […]
 

USD/CAD's Unwind Could Just Be Getting Started

Jun 21 2019 @ 03:36
With a long-term trendline broken and bears clearly back in control, the inflection point for the year has likely been seen. Just under two weeks ago, we outlined a case for USD/CAD to challenge long held views and perform a bearish reversal. At the time, it was resting precariously on its 2018 trendline, although the […]
 

USD/JPY: Resistance Zone Holds Ahead Of Key Fed Meeting

Jun 18 2019 @ 04:55
We’ve been patiently monitoring corrective price action on USD/JPY in hope of it confirming a swing high. With an FOMC meeting on tap, the meeting could spark the volatility required to make or break the bearish bias.   We can see on the daily chart the USD/JPY has had a decent relationship with the 50% […]
 

EUR/USD Plunges Back Within Range Ahead Of Fed

Jun 17 2019 @ 05:19
EUR/USD Plunges Back Within Range Ahead Of Fed Stronger-than expected retail sales from the US saw EUR/USD break key support amid its most bearish session in seven weeks. This places it firmly back within range, where traders could look to fade into rallied below the 1.1265 area and target the 1.1100 lows. However, given 1.1100 […]
 

What is one of the most reliable swing trading systems?

Jun 16 2019 @ 06:54
“There’s nothing we love more than helping traders make more money.” Rule-based discretionary traders are among the best traders on this planet. Our CEO (with 12 years of experience) is the one behind the system. The system used for ItuGlobal Forex PainKiller is derived from many years of experience in the Forex markets. It’s a […]
 

Cable Appears Unstable Below Resistance Cluster

Jun 13 2019 @ 04:30
GBP/USD is struggling to breach a strong resistance cluster. Given its bearish trend, we’re keeping a close eye out for a break lower. A retracement from the June low has stalled at a resistance zone The resistance zone between 1.2750 – 1.2773 comprises of the February low, a recent swing high and a 78.6% Fibonacci […]
 

Asia FX Handover: AUD/JPY Falls On Risk Aversion And Data Miss

Jun 13 2019 @ 04:24
AUD/JPY Falls On Risk Aversion And Data Miss Trump has opted to keep the $325 billion tariff on Chinese goods ‘open’, ahead of the G20 meeting, and says he expects to meet Xi this month. It’s also been reported Trump is to meet President Abe ahead of the G20 meeting. Trade tensions weighed on markets […]
 
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