The Dollar Index Bounce Strongly On Cards Euro Weaker Against Dollar But Strong Against SterlingThe Dollar Index Bounce Strongly On Cards  The US JOLTS data also gave traders hopes that the US firms will keep employing and the pace of hiring would be solid....
The Cable experienced another week in the green as the pair reacted to both the U.S. FOMC and UK GDP results. However, it was largely the FOMC’s lack of hawkishness that set off a broad sentiment swing against the greenback and saw the pair...
A snapshot of large speculator's poitioning from the weekly CFTC report and analysis of related futures markets.- US Dollar index is now net short for the first time since June 2014 - The Canadian Dollar saw the largest week change of net positioning (+18.6k) which...
Just for something different, we are looking at the Polish Zloty today as the currency has been making some solid gains on the greenback and it looks as though it could extend further still. Indeed, this exotic cross has been powering higher over the...
The conflicting forces await AUD tomorrow which could instil volatility back into the battler.Conflicting forces await AUD tomorrow which could instil volatility back into AUD crosses. On one hand, any sign of a pick-up of inflation could get hawks and bulls into a frenzy as...
The Cable had a relatively poor week after the UK Inflation figures surprised the market, coming in well below estimates at 0%, and sending the Cable in to selloff mode. Subsequently, the bears piled into short positions and the pair declined to close the...
The Euro continued to rally strongly last week and currently shows no sign of topping or a loss of momentum.  Much of the bullishness came late in the week when the ECB’s Mario Draghi suggested that Eurozone growth and employment continues to strengthen and...
The Euro Dollar has been on a significant bullish run over the past 24 hours as ECB Chair Mario Draghi stoked the fires of speculation with his latest commentary on the state of the Eurozone economy. Although there was plenty of mixed information for...
The past few days have been relatively volatile for the Cable as the pair has been beset by the softer than expected UK inflation figures. This has caused a relatively rapid depreciation from the recent highs that saw price action collapse from its recent...
Further losses are looking more and more likely for the Dollar-Yen this week as its technical outlook remains stubbornly bearish. Indeed, we expect the pair to sink through the 100 day moving average to test support around the 110.00 handle within the next week...
The third leg of the Loonie’s Elliot wave extended somewhat below where it was originally forecasted but the decline is now looking just about ready to reverse. As a result, we could have a week or two of gains before selling pressure resumes and...
The Cable experienced a relatively torrid week as the pair was initially beset by a negative UK Manufacturing PMI result of 54.3. In addition, the Construction PMI also proved disappointing, coming in fractionally lower at 54.8. Subsequently, the pair declined through most of the...
The USDJPY was strongly bullish through most of last week as the pair reacted to the strong US ISM Manufacturing PMI and Non-Farm Payroll figures. Subsequently, there was a relatively strong sentiment swing towards the greenback which saw the pair close the week sharply...
The Dollar-Yen has been advancing rather consistently over the past few weeks, largely ignoring the notable selling pressure besetting the greenback. Due to this, it's little wonder that when the pair surged around 1.15% higher yesterday, hopes of challenging May’s high once again began...
The NZDUSD has been making remarkable progress over the past few weeks and the pair is now seeking fresh highs. Indeed, it looks as though the Kiwi Dollar is well on the way to reaching the 0.7374 mark – potentially inside of a week....
The EURGBP has been trending within a fairly reliable channel over the past few months as the pair continues to feel the impact of risk around the Brexit. As expected, price action has been trending steadily higher since it touched the lower channel in...
The USDCAD has been in free fall over the past few weeks in a move reminiscent of last year’s remarkable downtrend. Indeed, selling pressure has now broken through even the long-term trend line that formed as the pair sought to recover from last year’s...
The Euro remained relatively flat over the course of the week retaining its position within the consolidative structure to close around the 1.1191 mark.There was little on the fundamental front to change the volatility outlook but a slight sentiment swing against the greenback was...
The Dollar Yen’s resurgence has been moderated over the past few days by the presence of the 100 day EMA but the pair’s underlying bullishness may shine through shortly. Indeed, a number of technical developments are signalling that a breakout above the 100 day...
The Euro has been declining fairly consistently over the past few weeks but the bears may have finally met their match in the 1.1123 support level. As a result, a reversal may finally be back on the cards and this could potentially see the...
The Euro-Pound has largely exhibited a sideways direction over the past few months as price action’s movements have mainly been constrained by a channel.  Subsequently, there have been plenty of trading opportunities as the pair has meandered, relatively reliably, between the two extremes. So...
The Swissy has been recovering nicely over the past week or so but it’s been running into some resistance which could mean that it is now poised to reverse earlier than previously expected. What’s more, now that the FOMC is out of the way,...
The USDJPY was strongly positive throughout most of last week as the pair rallied strongly in response to the U.S. Fed’s decision to hike interest rates. Subsequently, the pair closed the week sharply higher around the 1.1084 mark and within striking distance of the...
The USDCAD has benefitted from a strong trend line that has been supporting price action since early January, 2017. Subsequently, the trend line has proved fairly reliable in trading long reversals but price action has proved elusive in the past week and dropped sharply...
The New Zealand Dollar has been a net beneficiary from the building uncertainty around the U.S. Federal Reserve’s forward path on rate hikes. Subsequently, the currency pair has rallied relatively strongly, within an ascending channel, over the past month to its current level at...
The Bank of Canada’s hawkish commentary continues to steel the limelight from Wednesday’s FOMC meeting, sending CAD higher against its peers and sinking USDCAD to a 3.5-month low.Poloz extended the bank’s hawkish commentary this week by saying that record low rates had “largely done...
The EURAUD is worth a look in this week as a decent, albeit simple, reversal set up seems to be forming which could see some gains back on the menu. Any subsequent recovery is unlikely to erode all of the losses seen over the...
The Cable had a particularly rough week as the currency pair reacted to a surprising result from the UK election which saw the conservatives lose enough seats to cause a “hung parliament”.  Subsequently, the market was shocked and the pair collapsed back below the...
The Dollar Yen has slowed the pace of its recent downtrend and, in fact, it has actually begun to recover modestly. However, given the ongoing Trump/Comey saga, the fundamental outlook isn't looking so hot for the pair which means we may have to turn...
The past month has been almost meteoric for the venerable Kiwi Dollar as the currency has continued to rally to its current position at 0.7190. However, despite the strong bullishness, the various technical indicators are signalling that a change could be in the wind...