EURUSD Daily Analysis – November 7, 2016
EURUSD broke below the upward price channel on 4-hour chart, indicating that consolidation of the uptrend is underway.
Currencies
Brexit – Pound Surges On High Court Ruling re Article 50
Forget the Bank of England meeting today, it is all about politics as far as the pound is concerned.
EURUSD Forecast November 3, 2016, Technical Analysis
The EURUSD pair continued to grind higher during the day on Wednesday, as fears over a switch in the expected outcome of the presidential election in the United States of course has have the US dollar falling.
AUDUSD Forecast November 3, 2016, Technical Analysis
The Australian dollar initially fell during the day on Wednesday, but turned around to form a relatively supportive looking candle.
Oil Demand Likely To Fall In 2017 As Prices Struggle
Crude oil, like many other commodities and markets are present, continues to remain rangebound with the bullish momentum of earlier in the month now waning.
AUDUSD Forecast October 25, 2016, Technical Analysis
The Australian dollar initially tried to rally on Monday but turned right back around and sold off all of the gains.
GBPUSD Daily Analysis – October 24, 2016
GBPUSD stayed in the trading range between 1.1946 and 1.2477 for several days.
EURUSD Daily Analysis – October 24, 2016
EURUSD’s downward movement from 1.1279 extended to as low as 1.0859.
Lacklustre Start To Week Full Of Data, Earnings And CB Meetings
At the start of a week full of US earnings, important economic data and a couple of central bank meetings, risk is somewhat off the menu. Equities, copper and, to a lesser degree, oil prices were all trading lower at the time of this writing.
USDJPY Forecast October 17, 2016, Technical Analysis
The USDJPY pair initially rallied during the course of the session on Friday, but turned around to form a bit of a shooting star.