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Australian Dollar
The AUDUSD has reached a bit of an impasse as a result of last week’s tumble which now raises the question of what is next on the agenda. Consequently, it may be worth taking a look at what brought the pair to where it is now and what might...
US Dollar Japanese Yen
The past week has been highly negative for the USDJPY as s sentiment swing, against the U.S. Dollar, has been in progress following some upset expectations around potential Fed rate hikes. Subsequently, the pair has plumbed new depths as a determined depreciation has sent the pair reeling towards the 1.10...
British Pound vs US Dollar
The U.K managed to surprise everyone overnight as the latest round of retail sales proved highly robust, coming in well above estimates at 3.7% y/y. Subsequently, the pair rallied around 60 pips, before running into some stiff resistance at 1.2530, and now sits at a precarious position. The initial...
Oil
Oil prices look to have finally found a bottom, potentially even two of them, which could see buying pressure mount in the coming sessions. Additionally, a number of other technical instruments are signalling that a reversal is on the way which comes as little surprise given the presence of...
Euro Vs Poud
In light of the escalating political tension between the EU and the UK, it may be worth taking a look at the EURGBP’s technical forecast in order to get a better feel of what could be next for the pair. Furthermore, we may need to take a look at...
Bank of England
The latest round of U.K. CPI figures have proved a surprise to the market as rising food and energy prices have pushed the key inflation metric to 2.3% y/y. The result far exceeds the expected 2.1% gain and now places the metric well above the 2.00% range desired by...
New Zealand Dollar
The Kiwi Dollar finally began to stage a bit of a comeback last week which now begs the question, what’s next for the embattled pair? To answer this, it’s worth taking a quick look at what actually drove last week’s price action and what the technical bias could have...
US Dollar Japanese Yen
The USDJPY had a relatively torrid week as the pair was beset by a negative greenback sentiment swing following the FOMC decision. The central bank’s lack of hawkish guidance was the main culprit and this sent the pair sharply lower to close the week over 200 pips lower at 112.69....
Europe
The last 24 hours has been an interesting watershed moment in monetary policy as the U.S. Federal Reserve raised the FFR 25bps and purportedly is now embarking on a cycle of tightening. In addition, the Bank of England, although holding rates steady at 0.25%, also heralded a significantly more hawkish...
SWISS FRANC
The Swissy’s severe losses could be about to be put on pause if the technical bias is anything to go by. Specifically, the pair has moved into conflict with some robust support and a number of other technical readings are suggesting that a near-term reversal is now on the...
Silver
Silver risks losing its post-FOMC gains in the coming session if it can’t shake off some of its bearish technical bias. Specifically, unlike gold, the metal needs to convincingly push through that 100 day EMA and invert its Parabolic SAR before we can begin to have any degree of...
Euro Vs Poud
The last few weeks have been relatively interesting for the EURGBP as the pair has continued to remain bullish as the UK seemingly grappled with budget planning issues ahead of the Brexit. However, despite the pair’s relative ascendency price action is now coming close to a key reversal zone...
New Zealand Dollar
The New Zealand Dollar is bracing itself ahead of the U.S. Fed’s FOMC decision but the pair currently remains on a recovery trajectory. In particular, the daily pivot point has proved decisive in containing any further declines and price action has subsequently held around the 0.6931 mark. However, despite...
Despite a slowing rate of decline, gold could have further downsides on offer moving ahead. Specifically, the shift in the metal’s technical bias should see it back at around the 1180.00 handle within the next week or so. However, these losses could be hinting at the formation of a...
Australian Dollar
The Aussie Dollar had an interesting last week, having some strong countervailing moves that made its bias somewhat unclear. As a result, the question now remains, have we reached a near-term bottom or is the downtrend ready to resume? Firstly, let’s take stock of what happened and what this...
Japanese Yen
The USDJPY rose throughout most of last week as the pair reacted initially to a rise in U.S factory orders and a weak Japanese Account Balance result of 66.0B. Subsequently, the pair ending up finishing the week around 75 pips higher. However, there are some significant risk events looming on...
US Dollar Japanese Yen
The Dollar Yen’s recent uptrend could be on thin ice as it is now pushing the upper limits of its ascending channel structure. As a result of this, we could be about to a slip back to around the 113.00 handle within a week or so. However, we are...
Great British Pound
The past week has seen a rapid descent for the Cable as sentiment has flowed strongly into the greenback as speculation of an impending FOMC rate hike has continued to mount. Subsequently, we have seen price action drop from around the 1.2600 handle to its current level at 1.2160....
Oil
A shock 8.21M build in US Crude Oil Inventories sent oil prices reeling during the prior session, resolving the developing rising wedge slightly earlier than anticipated. As a result, from a technical perspective, we expect to have price action remain on the downside, even if we are likely to...
British Pound
The EURGBP is in focus again this week as the recent vote from The House of Lords has put Brexit back in the spotlight. As a result, it could be worth taking a closer look at the pair’s technical bias as it could provide some clue as to where we...
Gold
Sentiment should be returning to the gold markets this week as the metal looks as though it’s ready to begin tracking higher once more. Specifically, we seem to have reached another turning point in the long-term pattern that could signal that we are about to see another push towards the...
Great British Pound
The Cable had a relatively torrid week as the pair reacted to the ongoing hawkish rhetoric from various US Federal Reserve members. This saw a sharp Dollar rally early in the week, and largely overshadowed solid gains in the UK Nationwide HPI and Manufacturing PMI figures, before a late session...
Australian Dollar
The AUDUSD had a rather torrid week and the resulting rout back to the 0.7576 mark now leaves the pair’s future somewhat up in the air. Consequently, it may be worth taking stock of what happened and what is coming down the line in order to form a bias...
Oil
Oil is setting up for a technical reversal in the coming sessions which might come as somewhat of a surprise given the recent plunge in the spot price to $52.52 and decline in futures of around 2.3%. Specifically, despite the US having a record inventories uptick to 520.2 million...
SWISS FRANC
The USDCHF has had a fairly strong past few days as the currency pair has reacted to the rampant bullishness of the U.S. Dollar. Largely buoyed by a stronger than expected U.S. Unemployment Claims result of 223k, and announcements of stimulative fiscal policy, price action has climbed steadily higher. In...
Canadian Dollar
Following its breakout from that falling wedge, the USDCAD has absolutely been on fire and has now moved all the way back to the 1.3356 mark in only a handful of sessions. However, the pair may need to cool off in the near-term given some mounting resistance to the...
British Pound
The Cable has been on a roller coaster over the past few days as price action broke down and dropped through the short term channel formation. However, despite the intraday bias being bearish, the currency is currently reaching the limits of its decline and we are likely to see...
US Dollar Japanese Yen
The Dollar-Yen looks like it is on a cruise course to break free of its medium-term downtrend in the near future. Specifically, the pair is fast running out of room to consolidate unless it finally crosses back below the 100 day moving average. However, given a number of other...
Federal Reserve
The past week has seen an uptick in hawkish rhetoric from a range of US Federal Reserve members suggesting that the central bank could be preparing us all for the start of a cycle of tightening. In particular, the Fed’s Williams and Harker have been front and centre in the...
Gold has seen a resurgence over the past few months as the metal has seemingly rallied from the December $1122.75 low as it clawed its way back above the key $1200 handle. Subsequently, price action has proved fairly robust as it has climbed higher in a relatively clear ABCD pattern...

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