EUR/USD: Neutral (since 05 Mar 18, 1.2335): Still neutral, back in a consolidation phase.EUR continues to trade a muted manner last Friday and the recent mild downward pressure has eased. We previously expected EUR to move lower and test the strong 1.2200 support but this...
The AUDUSD pair failed to stay above the 0.79000 level and broke down under trend line support late yesterday, to test the next supporting trend line at 0.77707. A fall below this area would see a sustained push lower to the 0.77300 level and the February...
EUR/USD: Neutral (since 05 Mar 18, 1.2335): Pressure shifted back to the downside but expect strong support at 1.2220.EUR hit a ‘fresh’ low of 1.2271 last Friday but rebounded to close almost unchanged for the day. We continue to hold the view that the immediate...
EUR/USD:  Neutral (since 06 Feb 18, 1.2375): Outlook for EUR is negative, odds for further weakness to 1.2204 have increased.EUR traded within a surprisingly narrow range of 1.2278/1.2337 last Friday; the 59 pips is the smallest 1-day range since late December. Nevertheless, we continue...
The loonie has been making downward movements against the dollar for almost two months. The pair is now trading near the two-month low following weaker data and increasing concerns about NAFTA. The USD/CAD is now trading at 1.2713.All this could change today when Statistics...
AUD/USD Technical Analysis. The Australian Dollar slid against the dollar by up to 41 basis points. This followed a report by a government agency that showed annualized wage growth missed estimates. The report by the Australian Bureau of Statistics (ABS) showed that annual wage...

US 500 and USDCAD Analysis

The US stock index is in a holding pattern as we await US Inflation and Retail Sales data at 13:30 GMT today. The market has managed to grind higher and break above its Blue downtrend resistance line and price is positioned below 2670.00. Major...
In 2017, the dollar fell against many currencies. Against the Euro, the dollar fell by a whopping 8%. This fall was attributed to a strengthening the Euro and investors worry about Trump’s policies on trade.The Bull Run ended on September when the pair reached...
On Monday, New Zealand Dollar (NZD) jumped after Adrian Orr was appointed the new Central Bank Governor.Orr is an experienced central banker who has worked as the deputy governor and economist. Previously, he led the country’s $26 billion sovereign wealth fund.Investors were optimistic that...
With USD-pairs having diverging looks we focused on specific set-ups in the group. The short-term picture in DXY is providing better clarity than the macro outlook. There are a couple of USD and cross-rate set-ups presently on the radar.Highlights:US Dollar Index (DXY) showing better short-term clarity USD/CAD on...
Nomura FX Strategy Research discusses GBP outlook in light of Sterling's decline in reaction to yesterday's BoE decision."The BoE’s communications were in line with our expectations, but the market reaction was in the wrong way and moved much more than what would make sense to...
The Euro Dollar initially started the week under pressure as the U.S. JOLTS Job Openings came in above expectations but this sentiment quickly turned around in the face of increased risk from the North Korean crisis. Subsequently, the pair managed to find some support,...
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...