Strategies

GBPUSD Forecast June 19, 2017, Technical Analysis

The British pound rose slightly during the day on Friday, grinding towards the 1.28 handle. The 1.28 level is obviously offering a bit of resistance, but it appears that the market is stubbornly trying to break above there.

AUDUSD Forecast June 19, 2017, Technical Analysis

The Australian dollar shut higher initially during the day on Friday, but then pulled back to test the opening again, only to rally and reach towards the 0.7625 handle.

GBPUSD Could Drop Below 1.26 If BoE Is Dovish

The Bank of England’s Monetary Policy Committee is almost certain to keep interest rates unchanged today despite inflation rising well above its 2% target.

EURUSD FXE

The EURUSD pair shot like a rocket into the stratosphere after less than impressive US numbers came out during the early New York trading.

AUDUSD Forecast June 14, 2017, Technical Analysis

The Australian dollar try to rally during the session on Tuesday, but found enough resistance above the turnaround for a bit of a shooting star.

GBPUSD Drops On Soft UK Earnings Ahead Of US CPI And FOMC

The GBPUSD started the day how it ended yesterday: higher. Speculators were still felling bullish after the stronger UK inflation figures had raised the prospects that the Bank of England may turn hawkish.

Crude Remains Undermined By Rising US Oil Supply

Crude oil was unable to hold onto its gains on Monday after appearing for a while to have ended its bearish run. Oil prices have fallen for three consecutive weeks after the OPEC and Russia failed to surprise the markets with their decision to extend the oil production deal.

The Fantasy World Of The FED

Do you remember the halcyon days when rising interest rates and increasing interest rate differentials were the precursor to a stronger currency?

GBPUSD on shay footing amid political turmoil in a key week

Today’s going to be a quieter session in terms of economic news, ahead of key events later this week. There are however at least three factors that need to be watched closely.

AUDUSD Forecast June 12, 2017, Technical Analysis

The Australian dollar gapped lower at the open on Friday, and continued to grind sideways after that.