GBP/USD – Prices, Charts, and Analysis GBP/USD remains near multi-month high levels. US Q4 GDP is the first of two big US economic releases this week. Retail trade data underpins a bullish-contrarian bias. Recommended by Nick Cawley Forex for Beginners The British Pound is relatively unchanged over the week so far with little in the …
Oil Price, Chart, and Analysis Chinese growth boosts demand for oil. The technical outlook for oil also looks positive. Recommended by Nick Cawley See our brand new Q1 oil forecast China yesterday reported better-than-expected December growth figures, fueling thoughts that one of the world’s largest growth engines may be moving into a higher gear. While …
Crude Oil Testing Multi-Week Resistance on Positive Chinese Outlook Read More »
EUR/USD Price, Chart, and Analysis EUR/USD eyeing the late-May high. The US dollar looks oversold but further losses are likely. Recommended by Nick Cawley Download our brand new Q1 Euro forecast For all market-moving economic releases and events, see the DailyFX Calendar The US dollar remains in the doldrums with the greenback’s weakness seen across …
Euro Latest – EUR/USD Testing Multi-Month Highs Again Read More »
Crude Oil Price Talking Points The price of oil trades to a fresh weekly low ($88.27) despite a larger-than-expected decline in US inventories, and crude may continue to give back the advance from the monthly low ($85.73) as it appears to be reversing course after testing the 50-Day SMA ($96.34). Crude Oil Price Rebound Unravels …
Crude Oil Price Rebound Unravels After Testing 50-Day SMA Read More »
AUD/USD ANALYSIS &TALKING POINTS Can AUD recover some losses as we close off the week? Jackson Hole in focus next week. AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollarextended it’s weekly losses on Friday without signs of a reprieve stemming from a stronger U.S. dollar and weaker than expected Australian labor data. Next week we have …
EUR/USD Rate Talking Points EUR/USD threatens the opening range for August as it trades to fresh weekly low (1.0122), and the exchange rate may track the negative slope in the 50-Day SMA (1.0294) as it continues to fall back from the former support zone around the May low (1.0349). EUR/USD to Track 50-Day SMA After …
EUR/USD to Track 50-Day SMA After Testing Former Support Zone Read More »
Crude Oil Price Talking Points The price of oil retraces the decline from earlier this week following another contraction in US inventories, and crude appears to be breaking out of a descending channel amid the failed attempts to close below the 200-Day SMA ($94.20). Oil Price Breaks Out of Descending Channel After Testing 200-Day SMA …
Oil Price Breaks Out of Descending Channel After Testing 200-Day SMA Read More »
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