Foreign Exchange

The pound managed to hold its own against the other majors at the beginning of the week despite a lack of UK news. The GBP/EUR exchange rate meandered from €1.1817 to €1.1864, GBP/USD lingered at $1.2933 (close to an eight-month high), GBP/AUD jumped to a new eight-month high of AU$1.7636 and GBP/NZD advanced to NZ$1.8800. […]

A trio of unexpectedly upbeat UK economic reports for the services, manufacturing and construction sectors left the pound pretty upbeat as markets closed for the weekend and Sterling remains close to multi-month highs. The GBP/EUR exchange rate begins this week at €1.1827 (up from this morning’s low of €1.1786), GBP/USD remains above $1.2950, GBP/AUD is […]

The USD/JPY went upwards last week, testing the supply level at 113.00. The supply level would be tested again and possibly breached to the upside, as price targets other supply level at 113.50 and 114.00. On the other hand, there is also a possibility of a bearish correction this week or next, which could threaten […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went sideways from Monday to Wednesday, and then started rising upwards on Thursday, in the context of an uptrend. Price is now very close to the resistance line at 1.1000. This week, it is possible for the market, and other EUR pairs, […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold is bullish in the long-term and bearish in the short-term. Price went upwards from April 3 to 17, and then began to be corrected lower. The lower correction has not been significant enough to override the recent bullish bias on the market. However, several more days of bearish movement […]

The USD/JPY opened with a gap-up last week, and so were other JPY pairs. Price went further upwards, reaching the supply level at 111.50, and other supply levels at 112.00, 112.50 and 113.00 might possibly be tested. The upwards gap has forced a bullish bias to occur in the market, but that may not last […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week, this pair opened with a massive gap-up, which also happened on other EUR pairs. Price managed to reach the resistance line at 1.0950, and then consolidated till the end of the week. The gap-up has forced a bullish bias to appear, but […]

Saturday April 29th marks the 100th day of Donald Trump’s US presidency. Regardless of your opinion of the Republican billionaire, there is no doubt the beginning of his term has been an eventful one. Despite having criticised the use of executive orders in the past, Trump has gone on to sign the most of any […]

It may seem a contradiction to say that you don’t want to pay attention to the profit of a trade. In fact, many of you might be saying that this guy must be smoking rope to say that profit is unimportant. Well, to clarify, that is not what is being said. Of course, profit is […]

AIG shares (NYSE:AIG) have been trending downwards in the past few months. There is a bearish bias on the market as shown by the analysis in the chart, although price may soon go upwards. The ADX period 14 is not above the level 30, showing a current lack of momentum in the market. The DM+ […]