GBP/USD is becoming complicated, like Brexit negotiations

The pound is becoming quite tricky to trade, says NAB, as Brexit negotiations look complicated as well, as analyzed by BofAML. What’s next? Here is their view, courtesy of eFXnews: GBP/USD: ‘Extremely Unlikely’ To Achieve Progress Before Article 50 Deadline – BofAML Bank of America Merrill Lynch FX Strategy Research notes that Brexit headlines continue […]

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EUR/USD: a bullish move out of the range?

EUR/USD is off the highs but has never gone too low. The pair is still trading on relatively high ground and quite stuck in a range. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: USD Support To Fade Soon; Where To Target? – ING ING FX Strategy Research notes […]

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GBP/USD falls to support as May’s Brussels trip looks unfruitful

PM Theresa May made a trip to Brussels on a short notice. So far, it seems that this trip is not yielding any fruits. GBP/USD is falling to support at 1.3230. Further support awaits only at 1.3110. Resistance is at 1.3340. May, alongside Brexit minister David Davis, flew to the Belgian capital to meet with […]

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Catalan police chief avoids jail, but receives some sanctions

Josep Lluís Trapero, the head of the Catalan police is not sent to prison, at least for now. The public prosecutor demanded prison with no bail option. The judge left him at his liberty, but he is requested to hand in his passport meaning he cannot leave the country. The “Major” was a hero during […]

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How to trade the range in forex

Many forex traders are frustrated when currencies trade in a range, especially when it’s their favorite pair. Looking for that elusive breakout can be quite disheartening when you are all set to ride a big breakout. However, ranges can also provide opportunities. Here are few guidelines to trading the ranges. Sure, when a pair trades […]

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GBP/USD ticks up on effort to reignite Brexit talks

UK Prime Minister Theresa May is heading to Brussels in an effort to unblock Brexit talks. The acrimony between her Brexit Minister David Davis and the chief EU negotiator Michel Barnier was clear last week. Barnier said the talks reached a deadlock. May will be joined by Davis and Barnier will be joined by Jean-Claude […]

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Catalan crisis deepens: Puigdemont refuses to play by Rajoy’s rules – EUR/USD slides

Spanish PM Mariano Rajoy laid down an ultimatum to Catalan President Carles Puigdemont: clarify if you declared independence. If so, Madrid was ready to suspense the autonomy and impose direct rule. EUR/USD is slipping to support. The answer came just before the 8:00 GMT deadline but it isn’t a clear binary response. The letter states […]

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USD/CAD Forecast Oct. 16-20 2017

Dollar/CAD slipped from the highs in a much-needed correction. The upcoming week’s highlights are the inflation and retail sales reports. What’s next? Here are the highlights and an updated technical analysis for USD/CAD. Canadian housing figures were mixed: housing starts beat expectations with 217K while building permits plunged by 5.5%. In the US, the Fed’s worries […]

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AUD/USD Forecast Oct. 16-20 2017

The Australian dollar had a positive week, reversing previous losses. The upcoming week features the jobs report and Chinese GDP among other important figures. Here are the highlights of the week and an updated technical analysis for AUD/USD. Business confidence is up according to NAB: 7 points after 5 last time. Consumer sentiment has also advanced, […]

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EUR/USD Forecast Oct. 16-20 2017

EUR/USD drifted slightly higher in a week that saw mounting speculation about the next move by the ECB and ongoing tensions in Catalonia. Final inflation figures and a key German survey stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The ECB may halve the QE program […]

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