Foreign Exchange

The Economic Proscription of U.S. Farmers by China Maybe Forever

14 Oct 2019 @ 00:34
Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible. It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far […]

GBPJPY Reverses Its Sell-Off Around the Level at 130.75

14 Oct 2019 @ 00:19
In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75. Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54 GBPJPY Long […]

USDCHF Breaks Below Its near Term Support Zone on the Level at 0.9926 but Recovers Abruptly

14 Oct 2019 @ 00:11
USDCHF Price Analysis – October 8 The FX pair breaks below the horizontal zone on the level at 0.9926 but reverses again after recovering from its early selling pressure. The USDCHF was able to find buyers again around the level at 0.9908. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0015 Support Levels: 0.9897, 0.9870, 0.9843 USDCHF […]

1.10 Remains Pivotal For EUR/USD Around Trade Talks | DXY, EUR/USD

11 Oct 2019 @ 19:07
1.10 remains a key level for EUR/USD traders as we head towards the weekend. Reports that trade talks are “going well” and the possibility of a partial trade deal could be agreed between US and China saw safe-haven demand for the dollar decline, sending the USD index to key support and EUR/USD above key resistance. […]

Trade Talk Sentiment Supports The Kiwi | NZD/USD

11 Oct 2019 @ 19:03
Trade Talk Sentiment Supports The Kiwi | NZD/USD Optimism surrounding trade talks and Brexit has weighed on the dollar, providing a reprieve for some arguably oversold commodity currencies. As noted by my colleague Fawad Razaqzada, AUD/USD is on the cusp of printing a bullish hammer on the weekly chart, helped by improved trade sentiment and less demand […]

Watching Cable For A Break Lower

10 Oct 2019 @ 19:04
The British pound has weakened across the board this week. And we see potential for further downside to come. GBP/NZD has depreciated around -1.4% since our prior video, having broken its bullish trendline and suggesting the high has been seen around 2.0. As for cable, it’s found support around 1.2183 yet 2-year yield differentials between […]

The Dollar Selloff Subsides

07 Oct 2019 @ 19:05
Despite the weaker dollar, signs of stability are surfacing so we’re closely tracking DXY and EUR/USD for a near-term inflection point. And with the dollar index trading within two bullish channels, we don’t believe the dollar has topped out just yet. This brings EUR/USD into focus as it struggles to break above a zone of […]

WTO Decision and Positive Brexit Vibes Send EURGBP Lower

04 Oct 2019 @ 19:23
By Eno Eteng (MSTA), Market Strategist at InvestingCube and ATFX. The EURGBP pair traded lower on Thursday as news emerged of the award in the WTO case between the EU and the US over Airbus subsidies in favour of the US. This paves the way for the US Trade Representative’s (USTR) office to apply 25% higher tariffs on […]

GBP/NZD: A Multi-Week Top Could Be In

04 Oct 2019 @ 17:56
GBP/NZD has essentially oscillated in a wide, sideways range since last October and price action has provided well defined swings. And they’re not small swings either, coming in at an average of around 1900 pips. We think the top is in and now waiting for bearish momentum to extend to its downside. The New Zealand […]

EUR/USD Bears To Fade Into Rallies Below 1.10?

03 Oct 2019 @ 17:38
EUR/USD Bears To Fade Into Rallies Below 1.10? Sentiment-wise, the USD is on the back foot following the deterioration of ISM manufacturing data. Yet we’d argue the dollar’s weakness could be temporary, like when the USD weakens following a Fed cut only to see it appreciate over subsequent weeks (even if counterintuitive to conventional wisdom regarding […]
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