Foreign Exchange

Yesterday I said, essentially, that the U.S. shutdown “ain’t not big deal.”  If this shutdown is like most of the others the U.S. has experienced, it will be something similar to the effect of a major January snowstorm in the Washington DC area. For most Americans – and most of the world, for that matter […]

The JPY pairs opened with gap-downs and later rebounded upwards. The outlook on the JPY pairs for this week is thus bullish. EURUSD: The EURUSD is a bull market, with the possibility that the market would keep on going upwards (though not without bearish retracements). The price line at 1.3550, which has been tested constantly […]

The aussie continues to fall below the resistance level at 0.9349. The AUD/USD is forming a higher low pattern and is likely to fall to support at the 0.9201 level, to fill the gap that this left a few weeks ago. On the other hand, if the pair managed to break the resistance at the […]

Pound Sterling The Pound began the week softer against the Euro after Angela Merkel won a landslide victory in the German elections. The result was seen as a positive for stability in Europe and sent the Euro slightly higher against Sterling. Disappointing economic data releases for the UK and negative comments from a Bank of […]

After much consolidation, the markets ended the last week trending according to the dominant biases. EURUSD: This pair closed at 1.3522, being in a bullish mode. The price trended upwards last week, and it is supposed to do so this week. Although this would not be without serious struggle between buyers and sellers, it is […]

The NZD/USD has made a bullish rebound on the 200 day moving average, which could strengthen the overall bullish trend of this pair. The kiwi has made a rebound on the support at the 0.8263 level and now this pair is going up towards resistance at the 0.8290 level. If the pair manages to break […]

This week is best described as being indecisive and turbulent, as far as the dominant biases are concerned. EURUSD: The EURUSD is in a bullish mode, but not really decisive in its movement. The price even could not touch the resistance line at 1.3550, although there is possibility that the line would be tested on […]

The Aussie continues to fall, while its overall bullish trend is endangered. The AUD / USD is below resistance at the 0.9386 level and now, it is very likely that this pair conduct a bullish rebound to continue rising. However, it is also likely that the AUDUSD begins to form a higher low pattern, to […]

The USDJPY is trading below the supply level of 99.00. The next target is at the demand level of 98.00. EURUSD: This pair is currently moving sideways in the context of an uptrend. There is a support line at 1.3450, while it is expected that the price could rise further towards the resistance line of […]

Although currently ranging, the JPY pairs ended being bullish last week. The bullish outlook remains valid for this week. EURUSD: The EURUSD moved upwards last week by around 200 pips, topping at the resistance line of 1.3550 before retracing downwards a little. The aforementioned resistance line would still be tested again, and would be overcome, […]