Technical Analysis

A suggestion expressed yesterday was basically confirmed. The yellow metal indeed continued to lose value against the buck. The only exception was that it made a rebound not from the weekly S3 but a l...
Technical Analysis

The USDJPY pair has surrendered much of Wednesday's strong gains, after North Korea threatened to detonate its most powerful Hydrogen bomb yet, into the Pacific Ocean. Investors have moved back into t...
Technical Analysis

The EURUSD pair is turning increasingly bullish ahead of the weekend's Federal election in Germany. Yesterday, the euro regained bullish momentum after Wednesday's steep decline, reversing sharply fro...
Fundamental Analysis

The financial calendar is in full swing on Friday, with a deluge of economic data and monetary policy developments scheduled to come our way. Action begins at 6:45 GMT when France releases revised sec...
Fundamental Analysis

The USD/JPY exchange rate was little changed after the Bank of Japan's interest rate decision announcement. However, the further reaction on the Bank's press conference put the pair to a two-month hig...
Technical Analysis

USDJPY (111. 76): Following a string of consecutive gains, USDJPY was seen easing back earlier today. This comes after the US dollar posted a two-month high yesterday. In the short term, support at 11...
Technical Analysis

GBPUSD (1.3580): The British pound extended gains once again yesterday breaking past the bullish flag pattern. Price action is critically trading below the resistance level of 1.3589. A breakout above...
Technical Analysis

EURUSD (1.1953): Following a sharp decline of the 1.1950 level, the EURUSD managed to recover. Price action remains firmly range bound within the 1.2058 and 1.1822 levels of resistance and support. On...