Currency

GBP/USD Breaks Its 52-Week Low: Has That Provided An Edge In The Past? To be more precise, GBP/USD has actually closed to a 25-month low. But having recently tested how the S&P500 responded to its 52-week milestone, we extend our curiosity the cable. Brexit woes have continued to weigh on GBP, with reports of Boris […]

Weekly COT Report: Traders Remain Wary Of King Dollar As of Tuesday 15th July 2019: Traders were net-long USD $12.38 billion ($16.95 against G10 currencies), up by $0.1 billion to snap a five-week streak of long reduction Large speculators have been net-long CAD for two consecutive weeks, and at their most bullish level since March […]

EURJPY Price Analysis – July 12 EUR, as traded against the JPY, is depreciating to the JPY’s value and the pair EURJPY may breach major barriers in the present session, although no significant difference in the pairs downward outlook for now. Key Levels Resistance Levels: 126.30, 124.03, 123.01 Support Levels: 121.66, 121.02, 120.00 EURJPY Long […]

USDCHF Price Analysis – July 10 As the greenback remains mixed for its inflows the CHF took advantage of its recent strength early in the day by pulling the momentum to its side and dragging the pair downwards. The USDCHF has seen action mostly to the downside today but may find support buying near its […]

With Fed minutes, Powell’s testimony and a BoC meeting, it should make for a lively session for traders, with USD/CAD finding itself caught in the crossfire. Starting with volatility (lower panel) we can see that 1-week historical volatility has dropped as markets await this key date. However, implied 1-week volatility has also risen to show […]

Kiwi Spikes Aside, It’s Calm Before The Powell Storm Were it not for the sudden spike on NZD crosses then ranges would have been typically small, given market are keenly awaiting comments from Powell later. The lack of news and immediate price reversal suggests its liquidity driven. USD and NZD are currently the strongest majors, […]

The Canadian dollar has continued to gain traction and remains the strongest performing major this month, and has AUD/CAD on the back ropes just above the 2018 lows. The Canadian dollar has continued to gain traction and remains the strongest performing major this month.  EUR/CAD posted a weekly close beneath its 2015 trendline last week […]

EURJPY Price Analysis – July 5 EURJPY has been consolidating sideways early in the trading session, as for the near future, it is likely that the euro zone single currency could continue to trade south during the following trading sessions.   Key Levels Resistance Level: 127.95, 126.30, 124.03 Support Level: 122.29, 121.60, 121.02   EURJPY […]

EUR/CAD is trying to break lower on the weekly charts, and today’s close along with which way it breaks outside of yesterday’s could be key for how the cross trades next week. Starting with the bigger picture, EUR/CAD is attempting to break beneath its April 2015 trendline on the weekly chart. Prices are already trading […]

Over the past six sessions, GBP/AUD’s downside has persisted as part of a bearish swing trade. And, now seemingly on the cusp of breaking key support after creating a lower high, we suspect the larger, bearish reversal is indeed coming into play. We highlighted previously that the rebound from July’s low lacked momentum, so we […]