USDCAD Forecast August 29, 2016, Technical Analysis
The USDCAD pair initially fell during the course of the day on Friday, but turned around and form a hammer yet again.
Strategies
GBPUSD Forecast August 29, 2016, Technical Analysis
The GBPUSD pair initially tried to rally during the course of the day on Friday but turned right back around to form a shooting star. The shooting star sitting just below the 1.32 level suggests that we could see more selling.
Next Week’s Economic Data
A look into next week’s economic data calendar
GBPUSD – Cable could snap back to reality
The recent improvement in UK data has seen many investors and analysts, ourselves included, ask a rhetorical question with a hint of sarcasm “Brexit, what Brexit?” Traders have apparently reduced their net short positions from record high levels as they realised the fallout in the immediate aftermath of Brexit was not as bad as many had feared. Granted, not all the economic pointers have been great but on the whole
AUDUSD Forecast August 25, 2016, Technical Analysis
The AUDUSD pair went back and forth during the course of the session here on Wednesday, as we continue to try to build up enough momentum to make a significant move.
EURUSD Forecast August 25, 2016, Technical Analysis
The EURUSD pair fell slightly during the course of the session on Wednesday, as we continue to try to find buyers just below.
Crude Turns Positive Ahead Of Oil Data
Oil prices swung wildly into the positive territory yesterday. The rally eventually came to a halt around the $50 handle for Brent and $48 for WTI, and both contracts have been trending lower from these levels until an hour or so ago.
EURUSD Forecast August 24, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the course of the session on Monday, but then broke down at the 1.1350 level.
AUDUSD Forecast August 24, 2016, Technical Analysis
The AUDUSD pair initially tried to rally but we turn right back around to form a shooting star.
DAX – Golden Cross For German Stocks
Bad news is good news for the markets that rely on central banks’ support. And so it proved again this morning’s as the latest European data disappointed expectations, yet the major stock indices rallied as if everything was just fine.