US News

Last week was an incredibly busy one, that despite the lack of economic data saw markets take out big final technical and psychological levels. We had GDP from the US and UK, President Trump signing executive orders like they were going out of fashion, and a Supreme Court ruling on Brexit in the UK. So […]

To recap over the past week, we saw Sterling regain some lost ground throughout generally more positive FX markets. The main market focus this week will be the monetary policy, with both the Federal Reserve and Bank of England due to meet. Although the Fed aren’t expected to make any rate changes, we could see […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went flat from Monday to Wednesday, not being able to stay above the resistance line at 1.0750. Price then declined a bit, in the context of an uptrend. Price has been going upward gradually since the beginning of this year, and this […]

Facebook stock (NASDAQ:FB) is in an uptrend. The market rallied last year, till the end of October, and pulled back. The uptrend has resumed since the beginning of this year and it is very strong. Price is currently above the EMA 21, while the Williams’ % Ranger period 20 is in the overbought region. The […]

The White House readies itself to welcome UK Prime Minister Theresa May today. She is the first leader to meet the new US president, and there is already a lot of anticipation and contrasting views in the media on the meeting. Mrs May is ambitious, and wants to try and secure a free trade deal […]

The pound has performed strongly this week, somewhat boosted by the scheduled Trump/May meeting tomorrow. Today we have key hard data to focus on, with the first reading of Q4 2016 GDP due out. It is expected to come in at 0.5% for the quarter, with the yearly figure at 2.1%. UK PMI data has […]

Gold is known as the symbol of power since the industrial revolution and the development in global trade.  People trade gold for different purposes and the gold prices hold a privileged place in the nature of the economy. In fact, you can envision how strong the economy is from the price of gold. This precious […]

Most of the focus on Friday was on the lead up to Donald Trump’s inauguration, and soon after, the Greenback lost a bit of strength as risk appetite soured across the board. With the Federal Reserve announcing that the US is close to full employment, they may be looking ahead to unwind the Fed balance […]

The U.S. dollar climbed over 1.5% versus the Yen right after the FBI stated that they will be sticking by the conclusions of the original probe in July. It was expected for the dollar to strengthen with Clinton’s victory and weaken with Trump’s. Trump has promised to tear up existing U.S. trade agreements and was […]

The EUR/USD was able to maintain its bullishness last week. There is a Bullish Confirmation Pattern in the 4-hour chart, and price is currently testing the resistance line at 1.0700. The resistance line would be broken to the upside this week as price targets another resistance lines at 1.0750 and 1.0800. EUR/USD: The EUR/USD was […]