Dec 12 2019 @ 03:04
The British pound has continued to point both whilst conservative lead in the polls. With their lead narrowing and a defiantly strong British pound, it begs the question as to whether cable’s upside could be limited. This begs the question as to how much upside GBP/USD is capable of after such a stellar run and, […]
Dec 11 2019 @ 05:40
In just hours from now, a major event that will set the trend for the currency market for the year 2020, the UK elections will be held. In the face of a Brexit extension, UK prime minister had pushed for an earlier election in the hopes of having a majority conservatives win in the parliament […]
Dec 11 2019 @ 03:32
USD/CHF rests on key support ahead of today’s FOC meeting. Yet once we get past the noise, we could see support give way. In an earlier report we flagged that USD/CHF had struggled to close above parity since May, and that we were watching for its potential to roll over back within range. Whilst it teased us near […]
Dec 10 2019 @ 02:47
It’s a mixed regarding USD performance overall, yet DXY points towards a near-term trough which could see a lower Euro and higher USD/JPY (at least over the near-term). By Thursday’s close, DXY had produced is sixth consecutive bearish session. Typically, we tend to see a streak ‘snap’ around 3-4 days, so a higher run can […]
Dec 09 2019 @ 03:14
Weekly COT Report: Bullish USD Exposure Hits A 6-Week High As of Tuesday 3rd December: Large speculators increased net-long to USD by $19.8 billion, taking it to a 6-week high Net-short exposure to AUD was decreased by 8,9k contracts Traders were their most bearish on yen in 6-months Weekly changes for FX majors were all under […]
Dec 05 2019 @ 02:36
BOC Optimism and Firmer WTI Boosts CAD | CAD/JPY, WTI BOC held rates as expected, although their statement was optimistic enough to send the Canadian dollar sharply higher. The statement was indeed one of optimism, although not hawkish as there is clearly no bias to raise rates. But with a relatively high OCR of 1.75%, it […]
Dec 03 2019 @ 02:52
RBA Hold Rates, Yet Could ‘Ease’ Their Way Into 2020 In the final meeting of the year, RBA decided to keep rates on hold 0.75%, whilst keeping the door open for further cuts. What made this meeting more interesting was that it followed on from Lowe’s highly anticipated speech last week, title “Unconventional Monetary Policy: […]
Dec 02 2019 @ 03:30
The week began with an element of risk on thanks for positive Chinese data over the weekend. China’s manufacturing PMI expanded in November to break a 7-months stretch of contraction according to China’s National Bureau of Statistics (NBS). At 50.2, it’s the highest read since March and backed up by new orders expanding to 51.3. […]
Dec 01 2019 @ 22:47
Key Resistance Levels: $70, $80, $90 Key Support Levels: $40, $30, $20 XMR/USD Price Long-term Trend: Bearish The coin had been trading above $50 in October in a sideways trend. In November, Monero made a positive move and broke above the $60 price level. The bulls could not sustain the move above the upper price level […]
Dec 01 2019 @ 22:33
GBPUSD Price Analysis – December 1 The pound had a positive prior week as traders anticipate to build the scenario for buyers to step in, and now it seems likely to continue on the upside. If we can exceed the crucial level on the level at 1.3012, it is likely that the pound sterling takes […]
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