The Greenback found consolidation through the day’s trade, as many stood on the side-lines today following the Fed’s hawkish rhetoric. The DXY continues to trade in a tight range, the fashion has been evident acr […]
GBP has seen an indecisive day, as investors begin to prepare for PM May on Friday. Cable found support at yesterday’s low, as bulls seemed to take some aid in, later rebuffed reports, that Brexiteer Boris J […]
The greenback struggled to find any real direction in the session, consolidating in the day’s range. USD/JPY has managed to get some traction, however, breaking intra-day highs prior to the Wall Street b […]
GBP bulls have emerged this week, sterling seeing a 500 pip bullish week. Cable now trades in Brexit night’s range and also above the pre-BoE cut level. GBP gained ground against its major counterparts, w […]
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The week has been quiet, as participants await they key risk events on Thursday and Friday, with the BoE decision and the US non-farm payrolls expected later in the week.
The week is one of data, with UK […]
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The FOMC meet this week Wednesday. The key focus is what they say about economic performance since the June meeting, specifically inflation and consumer spending – is low inflation still transitory? In Yellen’s […]
Dollar Index at the monthly target. H1 says down for seven hours and then up. Catalysts? ECB for Euro weakness. UK Retail Sales for Pound weakness. Canadian inflation for CAD weakness. Total speculation regarding […]
Cable double top at WM3/ 1.31. A couple of things to be aware of – inflation data out of UK today and Carney speaking. I am cautious of selling the top – USD is very bearish. Plus Carney could say anything. […]
A tough one with recent Dollar weakness though worth a shot with a setup. I have Dxy coming up off support though role reversal resistance at WPP for a lower high is not bullish. Having said that – the ECB don’t […]
Remember that China and Australia are New Zealand’s biggest trade partners. If China is improving, good Net exports last week with a nice increase in both exports and imports, then that’s good for Aussie and Kiwi. […]