AUDUSD Forecast June 5, 2017, Technical Analysis
The AUDUSD pair exploded to the upside on Friday, and reaction to the weaker than anticipated jobs number coming out of the United States.
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GBPUSD Forecast June 5, 2017, Technical Analysis
The GBPUSD pair initially fell during the day on Friday, and saw quite a bit of volatility after the jobs number came out in the United States less than anticipated.
Pound tumbles then bounces as FTSE hits record
What a comedy show this is turning out to be. Last night saw sterling tumble after research by the Times newspaper and YouGov suggested that there could be a hung parliament.
EURUSD Forecast May 23, 2017, Technical Analysis
The EURUSD pair initially fell on Monday, but found the 24-hour exponential moving average to be supportive enough to turn the market around, and send it back above the 1.12 level.
AUDUSD Forecast May 23, 2017, Technical Analysis
The Australian dollar had an explosive session on Monday, initially gapping lower, filling the gap, and then continue the down move.
Mark Fields Ousted At Ford
FBN’s Jeff Flock on the management shakeup at Ford (F, quote).
AUDUSD Forecast May 22, 2017, Technical Analysis
The AUDUSD pair had a very strong session on Friday, reaching towards the highs that we had touched on Thursday. That’s a very bullish sign, and I think that the market is now trying to reach towards the 0.75 level above.
Dollar Woes Continue As Merkel Says Euro Is Too Weak
Last week was a bad one for the US dollar. Market participants questioned whether it was premature to assume a June rate rise was forthcoming and that the path of future interest rate rises would be the same as those as set out by the FOMC’s projections.
GBPUSD Set To Break 1.30 Amid Improving UK Data
Economic data out of the UK released in the last couple of days has been pound-positive, yet the GBPUSD is still holding below the 1.30 handle. But for how long? Given that the positively-correlating EURUSD pair has already broken well above its own corresponding psychological hurdle at 1.10 after a sharp rally, the cable could be playing catch up.
EURUSD Upsurge Continues
The euro continues to defy gravity. The single currency is up sharply against all of its major rivals, including the pound which took a beating despite stronger UK inflation figures released this morning.