Fundamental Analysis

The market can return to one of its favourite games later today: guessing what Mario Draghi can say to either talk up or talk down the euro. The ECB decision will be released at 1245 BST, with the pre...
Technical Analysis

Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). The rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ende...
Fundamental Analysis

The turkey shoot that is the U.S. Crude Inventories produced another surprise overnight, with a drawdown of 3.6 million barrels against 1.75 million expected. This initially sent both Brent and WTI hi...
Fundamental Analysis

USDCNY fixed at 6.8896 today, +51 pips from last fixing and -12 pips from the previous closing at 6.8908 at 16:30 Beijing time. While the US Tax reform details remain elusive, the bottom line should b...
Technical Analysis

The AUD/USD has finally cracked a key support area today and at the time of this writing the pair was still trading near the day’s low, suggesting strong selling pressure. As can be seen from the ch...