Currency

EURUSD Price Analysis – September 23 The eurozone keeps on battling, thus resulting in selling pressure on the EURUSD pair, as fragile worldwide conditions and the U.S-China trade dispute have negatively affected the manufacturing sector in Germany and the remainder of the alliance. On the off chance that the U.K. leaves Brexit without a bargain, […]

Weekly COT Report: Dollar Bears Throw In The Towel As of Tuesday 17th September: Traders increased net-long exposure to the USD by $2.2 billion, taking bullish exposure to a 3-month high of $15.4 billion Bullish exposure to the USD index (DXY) was at a 29-month high Traders were the least bearish on AUD in 6-months Net-short […]

Kiwi Crosses Point Towards Further Weakness Ahead NZD crosses are falling in tandem which suggests broader weakness awaits. NZD/USD remains in a clear downtrend, and the retracement from the 0.6269 low appears to have had its day. The correction failed to retest the 38.2% Fibonacci level and, after a few days of consolidation, printed a […]

Weekly COT Report: Gold Bugs Reduce Long Exposure At Fastest Rate In 4 Months As of Tuesday 10th September: Traders trimmed bullish exposure to USD by -$0.54 billion, placing them at +$12.6 billion net-long (+$15.3 billion against G10 currencies) Traders are their most bullish in the USD index (DXY) since February The British pound saw the […]

Oil prices rallied gapped higher an astonishing 12% at market open, after around 5% of global oil supply was removed following a drone strike on a Saudi Arabian oil facility over the weekend. Oil stocks also surged and safe-haven demand for gold saw the yellow metal trade back above $1500 in early Asia. Houthi, an […]

China plans to release a new digital currency which would bear some similarities to Facebook’s Libra coin. It would be usable across several platforms like WeChat and Alipay. In a recent interview with the Shanghai Security News on the 6th of September, the deputy director of the People’s Bank of China, Mu Changchun, stated the […]

Swiss financial regulators have signaled that Facebook’s cryptocurrency, Libra is mandated to meet up to extra requirements besides acquiring a payment system license before they can begin operations in the region. In a recent press release, the Swiss Market Supervisory Authority (FINMA) explained that the diverse services projected by Libra have created the need for […]

A bullish divergence and momentum shift at the lows saw GBP/USD reverse course. Now consolidating below key resistance, we’re waiting for a break above 1.24 to signal a potential long. It should be remembered that GBP will continue to be vulnerable to headline risks surrounding Brexit, which can unfortunately make technical analysis on such pairs […]

USD/SGD Could Be Lining Up For A ‘Singapore Swing’ Having reached support, we’re looking for a potential swing trade short should a lower high form. Last week we highlighted the potential for the Yuan appreciate and suggested a bearish theme for USD/SGD as it correlates very well with USD/CNY. Since the original analysis, the Yuan […]

Draghi’s final meeting is just hours away, with several Euro crosses sitting on ‘make or break’ levels. For a full preview of what to expect from today’s ECB meeting, you can read yesterday’s ECB preview by my colleague Fiona Cincotta. Although the basic premise is for Euro to weaken if ECB underdeliver, or strengthen if they come […]