Currency

AUDUSD Price Analysis – August 15 The bears were in full control moving the market lower in the prior session, although in the present session we see the pair found buyers around the level at 0.6748 for the 4th day in a row while the pairs bear dominance is evident falling to lowest close since […]

EURJPY Price Analysis – August 16 The pair depreciated again in value against the Japanese Yen. The currency pair during the mid-week breached both the upper and lower horizontal lines on the moving average 5 and 13 while completing another lap on the low in today’s session towards the low level at 117.50. Key Levels […]

With the Fed widely expected to cut rates later today, we take a look at market returns for FX majors, commodities and the S&P500 following such an event. Using Fed Funds data from 1971, we filtered the Fed cuts and calculated average, forward returns up to +20 after a cut to see if we can […]

Ripple (XRP) Price Analysis – July 24 After testing the long-term demand zone ($0.28 – $0.29) last week, the market saw a little price growth to the $0.34 area, from where the XRP bears stepped back into the market. As of now, the price is steadily falling back to this demand zone. However, the cryptocurrency […]

The lack of market driving news and the pending ECB meeting on Thursday has seen volatility well contained across FX markets this week. We don’t expect that to last. Whilst there is some speculation that ECB could ease this week, we believe it to be more likely they’ll use Thursday’s meeting to lay the groundwork […]

Weekly COT Report: USD Long Exposure Drops To A 3-Month Low As of Tuesday 16th of July: Net-long exposure for USD hit a 13-month low at $11.66 billion ($16.4 billion against G10) Traders are their most bullish on CAD futures since March 2018 Sterling traders extend net-short exposure to a 10-month high FX majors weekly […]

EURJPY Price Analysis – July 19 Given that the money swapping scale has turned around from the lower limit of a slipping trendline design, almost certainly, the pair could go for the upper band of the channel design at 122.29 before the finish of the present exchanging session. Key Levels Resistance Levels: 127.52, 123.01, 121.66 […]

Dovish comments from Fed officials has put a 50bps cut in July back onto the table for markets, and markets were quick to respond. Fed’s William’s said current estimates of the US neutral interest rates are around 0.5% and, if inflation gets stuck below goal, people’s expectations may push inflation lower, “reducing the Fed’s ability […]

Since its bull-trap at the start of the month, a lower high appears to have formed and the cross is now testing a potential breakout level. Two weeks ago, we noted that CHF/JPY’s bull-trap and subsequent crash through key support had slammed it back onto our bearish watchlist. Sometimes it can take a little longer […]

GBPJPY Price Analysis – July 17 In the wake of attempting to clear the 137.80 level, the British Pound began a solid decay against the Japanese Yen. The GBPJPY pair even broke the key technical zone on the level at 135.39 to post another multi-month low. Key Levels Resistance Levels: 148.66, 143.68, 137.80 Support Levels: […]