I have been looking for a good opportunity to enter in a long USDCAD trade for quite some time now. It looks like the stars might have just aligned in the right direction. I am looking at the 4H chart at the moment. It seems like we are not only in an uptrend, but also [...]
The yield curve is flattening and this serves as a warning sign of an upcoming recession. Are the worries justified? We begin with this and continue to the breakout in oil prices. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Pound problems: We start off with the Brexit negotiations which are [...]
The worries about the failed German coalition talks sent EUR/USD some 50 pips lower. But this did not last. The pair is already back to 1.18, even exceeding the opening levels. This is more than a full recovery. When a currency doesn’t fall on bad news, its strength is exposed. This implies magnified gains when [...]
The post Report: FDP ready to support German minority government – EUR/USD rebounds appeared first on Forex Crunch.
The post Report: FDP ready to support German minority government – EUR/USD rebounds appeared first on Forex news forex trade.
German Chancellor Angela Merkel was unable to form a coalition. The talks between her own CDU party, the sister Bavarian CSU party, the Greens, and the FDP failed. A weekend full of negotiations was inconclusive. EUR/USD opened the week on lower ground, erasing some of the gains it had enjoyed in the previous week. The [...]
GBP/USD has closed the week on higher ground on high hopes. These hopes relate to the Brexit negotiations that should hopefully reach some results by the EU Summit in mid-November. Here are two opinions, by BTMU and Credit Agricole: Here is their view, courtesy of eFXnews: GBP/USD: Options Flows Points To A Scope For GBP [...]
Euro/dollar is relatively stable at a somewhat higher ground. Has it reached a new balance? Here is the view from Barclays: Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research discusses its EUR/USD outlook going into 2018, expecting a flat profile around 1.17 level into Q1 of next year before breaking higher towards [...]
The post EUR/USD: Close To Fair Value; What’s Next? – Barclays appeared first on Forex Crunch.
The post EUR/USD: Close To Fair Value; What’s Next? – Barclays appeared first on Forex news forex trade.
The Australian dollar dipped its feet at lower ground amid many economic releases and a “risk-off” atmosphere. The upcoming week features the meeting minutes from the RBA and other figures. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Australian dollar fell alongside other commodity currencies but never went too far. [...]
Dollar/yen is falling down alongside global stocks and also commodities. The weak Japanese GDP actually pushed the yen higher. Deliberations around tax cuts in the US are somewhat stuck and this isn’t helpful for the greenback. Worries about North Korean submarines boosted the yen. The upcoming week features Thanksgiving and also the Fed minutes. USD/JPY fundamental movers Fear [...]
The post USD/JPY plunges on safe haven flows – Forecast Nov. 20-24 2017 appeared first on Forex Crunch.
The post USD/JPY plunges on safe haven flows – Forecast Nov. 20-24 2017 appeared first on Forex news forex trade.
Dollar/CAD moved up in a mixed week, trying to find a new direction amid sliding oil prices. Retail sales stand out in the upcoming week. Here are the highlights and an updated technical analysis for USD/CAD. Canada’s manufacturing sales and foreign securities purchases both beat expectations but the first ADP jobs report showed a drop in [...]
EUR/USD had a positive week, gaining some ground within the range. Can it extend its gains further? Here are two opinions: one for 2017 and the other for 2018: Here is their view, courtesy of eFXnews: EUR/USD: Price-Action Into Year-End; 1.19-1.20 Or Bust – ANB AMRO ABN AMRO FX Strategy Research discusses EU/USD outlook and [...]
The post EUR/USD to 1.19 in 2017 and beyond in 2018? Two opinions appeared first on Forex Crunch.
The post EUR/USD to 1.19 in 2017 and beyond in 2018? Two opinions appeared first on Forex news forex trade.