GBPUSD Daily Analysis – October 24, 2016
GBPUSD stayed in the trading range between 1.1946 and 1.2477 for several days.
ETF
ETFs The Key To Building A Robust Portfolio?
Lee Kranefuss of 55 Capital Partners on the economy, investing in ETFs and the government deficit.
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.
AUDUSD Weekly Analysis – October 16, 2016
AUDUSD moved sideways in a range between 0.7441 and 0.7755.
Base Metals And Copper Hit By Weak Chinese Data
The rally for copper finally came to an abrupt halt yesterday as weak economic trade data news from China dealt the base metal a mortal blow, sending it plunging lower and closing the session with the wide spread down candle on very high volume, and signalling the end to the rally of September.
EURUSD Correction Setup Oct 14, 2016
EURUSD recently broke below its descending triangle support at 1.1130 and has dipped to a low of 1.0988 before showing signs of a pullback. Applying the Fib tool on the latest swing high and low shows that the 61.8% Fibonacci retracement level lines up with the broken support, which might now hold as resistance.
USDCHF Parity In Sight As Dollar Extends Bullish Momentum
In recent days we have seen the dollar’s bullish trend gain momentum against the G10 currencies. Investors appear to be expanding their bullish bets on the greenback amid rising expectations that Donald Trump’s reputation will prevent him to become the next US president.
(Not So) Precious Metals
As we highlighted the possibility on Monday, gold took a big plunge below the psychologically-important and support level of $1300 per ounce yesterday. The breakdown triggered further follow-up technical selling, causing gold to fall for a time below $1270 per ounce.