Currency

XAUUSD Price Analysis – January 10 Gold rose in price in response to the grim release of NFP in the US, although it lacked a strong follow-up from buyers and stayed within the trading range of the previous session. Over the past 24 hours, the yellow metal has been trading in a limited trading range […]

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Yesterday, the bulls made an impressive move as the bulls reach a high of $8,400. The coin was resisted and the price retraced to a low of $7,800. The support is holding which was previously a resistance […]

With both the US and Canada set to release employment figures at 13:30 GMT, USD/CAD warrants a look. Data has generally undershot expectation for Canada since the end of November. Given BOC have a base rate of 1.75%, it appears to be only a matter of time before they’re forced to lower rates. Yet Poloz […]

With a bearish structure on the weekly chart and potential H&S top on the daily, we’re looking for an eventual breakdown. We can see on the weekly chart that GBP/CHF remains in a long-term bearish trend. There have also been four failed attempts to break above the 200-week eMA, with the most recent attempt being […]

It’s been a turbulent session, but that’s not to say risk cannot pick itself back up from here. If Trump allows. It was clearly a game of two halves for traders, with risk-off dominating the first half upon news of Iran attacking US bases in Iraq. Yet fears subsided and markets reversed course when it was confirmed […]

The British pound sterling. It is a currency that has been the topic of many a lively conversation amongst investors over the last few years. With the UK about to leave the European Union in early 2020 (if, Boris Johnson gets his way and implements the result of the 2016 referendum), the pound has been […]

AUD/NZD Considers Bearish Breakout After a month confined to a range, AUD/NZD could be building up towards another leg lower. The decline from 1.0865 came hard and fast, shedding over -4.4% in five weeks. That there were no pullbacks apparent on the daily timeframe serves as a testament to the strength of its decline. Sure, it’s […]

Market Brief: US Troops To Remain In Iraq FX Brief: The US denied reports that they were preparing to remove their troops from Iraq, after an unsigned letter was leaked online suggesting the US were doing just that. The top US general later told reporters the letter was “poorly worded” and that they’re not withdrawing […]

Yen Demand Subsides And Key Levels Hold (For Now) Tension in the Middle East have mostly dominated sentiment since Friday. However, the US session saw a mild rebound in risk and equities shrug off concerns with the lack of any further escalation. Going into the session it was noted several yen pairs were at key levels of support, […]

USD/JPY Holds Support Despite Rise In Geopolitical Tensions As noted earlier, there were some impressive gaps at this week’s open for gold, WTI and S&P futures after a slew of headlines over the weekend saw tensions in the Middle East escalate further. Yet it’s worth noting that the gap didn’t make it over to USD/JPY, despite […]