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AUD/USD Intraday: intraday support around 0.7555.
Pivot: 0.7555 Our preference: long positions above 0.7555 with targets at 0.7595 & 0.7620 in extension. Alternative scenario: below...
Charles David
Apr 17, 20171 min read
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AUD/USD: regains the psychological 0.77 handle as markets stay short the greenback
AUD/USD is currently trading at 0.7700 with a high of 0.7710 and a low of 0.7687. AUD/USD has recovered from the bearish opening gap that...
Charles David
Mar 20, 20172 min read
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NZD/USD bulls eye 1st March low at 0.7098, greenback in technical bearish correction
NZD/USD is currently trading at 0.7018 with a high of 0.7036 and a low of 0.7001. The bird started off in the post-G20 weekend on the...
Charles David
Mar 20, 20172 min read
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G20 has dropped its pledge to fight protectionism
The weekend news is centred around the G20 meeting in Germany and was a significant event given the recent rise of populism and Trump's...
Charles David
Mar 20, 20171 min read
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What will happen if the US Federal Reserve raises interest rates?
The US central bank is poised to raise interest rates for only the third time since the financial crash of 2008. With it’s headquarters...
Charles David
Mar 15, 20174 min read
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WTI tumbles below $49 amid Novak comments
Oil prices came in under heavy pressure following the comments from Alexander Novak and once again fell below $49, erasing all of its...
Charles David
Mar 10, 20171 min read
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EUR/USD struggling to break through 1.06 handle, NFP in focus
The EUR/USD pair maintained its bid tone for the second straight session, albeit continued with its struggle to decisively break through...
Charles David
Mar 10, 20172 min read
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ECB: No changes to rates or the QE program are expected – BMO CM
According to Jennifer Lee, Senior Economist at BMO Capital Markets, when the ECB meets today, no changes to rates (refi rate 0.0%,...
Charles David
Mar 9, 20171 min read
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EUR/USD negative outlook near term – Commerzbank
Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the stance on EUR/USD stays negative while below 1.0830. Key Quotes...
Charles David
Mar 9, 20171 min read
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Gold extends bearish slide, hits fresh five week lows
Gold traded with bearish bias for the fourth consecutive session and dropped to the lowest level in five weeks on Thursday. Spot prices...
Charles David
Mar 9, 20171 min read
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Dollar slips as Yellen signals rate rise
The dollar slipped against a basket of major currencies on Friday after Federal Reserve Chair Janet Yellen said that raising interest...
Charles David
Mar 4, 20172 min read
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Forex - Dollar gains in Asia as Trump lays out stern agenda
The dollar gained in Asia on Wednesday as U.S.President Donald Trump gave a strong law-and-order speech to the U.S. Congress that...
Charles David
Mar 1, 20172 min read
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USD/CHF stays positive above 0.9964 – Commerzbank
According to Karen Jones, Head of Technical Analysis at Commerzbank, theoutlook on USD/CHF remains positive above 0.9964. “The market...
Charles David
Feb 28, 20171 min read
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Brexit - UK PM May to announce end of free movement for new EU migrants in March
UK Telegraph report that May will announce the end of free movement for new EU migrants on the same day that she formally triggers Brexit...
Charles David
Feb 26, 20172 min read
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ECB won't end asset purchase program all of a sudden, Weidmann says
The European Central Bank will not put a sudden end to its asset purchase program, ECB policymaker Jens Weidmann said in an interview...
Charles David
Feb 26, 20171 min read
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Weekend politics: the euro is under scrutiny
In respect to opening FX prices, it was a quiet one for weekend news this weekend around. There was not a headline story this weekend,...
Charles David
Feb 26, 20172 min read
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2016: Year of Volatile Forex Market - Best Forex Trading Strategies
It doesn't take a genius to notice we had an odd start to the year across most financial instruments including forex and stocks. But it...
Charles David
Jan 18, 20173 min read
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Destress your Forex Trading
Trading at its best should not be stressful, and not undertaken while stressed. A stressed or rushed trader is not thinking clearly and...
Charles David
Jan 14, 20173 min read
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Fed officials see quick economic boost from Trump, risks to follow - Reuters
NAPLES, Fla. (Reuters) - Federal Reserve officials cautioned on Thursday that the fiscal and tax plans sketched out by the incoming Trump...
Charles David
Jan 12, 20173 min read
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Dollar hits 1-month lows after Trump press conference
The dollar fell to one-month lows against a basket of the other major currencies on Thursday after Donald Trump failed to address...
Charles David
Jan 12, 20171 min read
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