Currency

The EUR/JPY dived by over 180 pips last week, closing below the supply zone at 118.50 on Friday. There is a clean Bullish Confirmation Pattern in the 4-hour chart, and further dive is possible this week, which may take price towards the demand zones at 118.00, 117.50 and 116.50. EUR/USD: The EUR/USD is in a […]

Last week, Sterling fought to regain some fairly modest ground against the majors whereas; political uncertainties in the Eurozone thanks to upcoming elections and Trump’s fiscal policies severely damaged the euro and dollar respectively. Markets haven’t completely forgotten about Brexit though as it looks like Sterling could take an impact this week due to the […]

Here’s the market ouatlook for the week: EURUSD Dominant bias: Bearish This pair went south last week, testing the support line at 1.0500, and then bouncing upwards on Thursday and Friday. The upwards bounce would turn out to be a good selling opportunity because price is expected to trend further downwards this week, reaching the […]

A potential Frexit is causing one of France’s biggest insurers, Axa to rethink its strategy. With its shares down nearly 5% since the election, investors are now taking Le Pens National Front party seriously. The news that her rival has agreed a pact early this week will calm nerves, but another Brexit style move in […]

The FED officials have announced that they might need to increase the interest rates ‘’fairly soon’’ if the US economy stays strong. USD and EUR:  Yesterday, the US dollar was seen at its lowest level in seven weeks; with the prices accelerating the downward trend with the FED’s announcement and minutes after, the dollar saw […]

As I write GBP/USD is pushing back to 1.2500, we could be at the start of a larger move to 1.2700. The pound has been trading sideways for a while, this kind of move is generally a pause in the main trend. If we assume that the trend is up (the rally from the low […]

The UK economy increased to 0.7% for Q4 of 2016, up from 0.6% the previous quarter. The Gross Domestic Product figures were welcomed by investors, as the pound attempted a rally. The manufacturing industry was given the plaudits as it beat its own expectations, but the ONS slashed estimates for growth in 2016 to 1.8%, […]

FTSE 250 stock (FTSE:MCX) is a bull market. In fact, price has been going upwards since December 2016, following the trendless and choppy market conditions that were witnessed in the months before December 2016. Price is currently above the EMA 21, which has been sloping upwards since December, supporting a clean bullish outlook on the […]

The US dollar has started this week by losing its ground and has created a different interaction on global markets. The dollar index was 0.05% down at 100.84 at 02:45 ET. The EU political risk depreciated the dollar against the Yen by pushing down Treasury yields to one-week lows of 2.4%. Furthermore, GBP was flat […]

With the US markets being closed due to the bank holiday yesterday, volatility was fairly subdued for the Greenback, though the US dollar has opened with some strength this morning as traders realign positions. With Janet Yellen, in her testimony, taking a hawkish tone on the position of the Federal Reserve as an independent body, […]