The Dow Jones rose slightly on Friday, clipping into fresh weekly highs. Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index.…
The Australian dollar has shown itself to be fairly weak against the Japanese yen here during the trading session on Thursday. All things being equal,…
EUR/JPY is likely to encounter initial resistance around the nine-day EMA at 163.41. The 14-day RSI has moved below the 50 mark, indicating a strengthening…
EUR/GBP trades near 0.8420, testing 200-day EMA after failing to extend previous day’s gains. Eurozone GDP revised down modestly, but Industrial Production surprises to the…
USD/CAD trades near 1.3975, approaching the 50-day EMA at 1.4030. Daily RSI holds above 52, price structure points to potential breakout. 4-hour chart shows higher…
The light sweet crude markets had another bullish session on Tuesday, as we raced toward the 50 Day EMA. The 50 Day EMA of course…
Potential signal: I’d be a buyer of this market on a daily close above the ¥165 level with a stop loss at the ¥164 level.…
EUR/USD took a tumble on Monday, closing 1.4% lower a brief test below 1.1000. A (temporary) walkback of US-China tariffs bolstered risk appetite. Key US…
GBP/USD Forecast: Pound Sterling tests key support as USD rallies on US-China trade news GBP/USD comes under strong bearish pressure to start the week and…
During the early hours on Wednesday, we have seen the US dollar go back and forth overall, as the market is likely to continue to…