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EUR/GBP Technical Analysis – Prices broke support at the intersection of a rising trend line set from late April and the 61.8% Fibonacci retracement (0.8539), exposing...
EUR/JPY Technical Analysis – Prices are pushing higher to test resistance at 130.93, a level marked by the 38.2% Fibonacci expansion and reinforced by a falling...
NZD/USD Technical Analysis – Prices took out resistance at a falling trend line set from early April, exposing the 100% Fibonacci expansion at 0.8110. A break...
USD/CHF Technical Analysis – Prices appear to be carving out a bullish Head and Shoulders chart pattern above support at a rising trend line set from...
AUD/USD Technical Analysis – Prices bounced as expected after putting in a Hammer candlestick above resistance-turned-support at the top of a falling channel set from April....
GBP/USD Technical Analysis – Prices broke resistance at a falling trend line set from mid-December, hinting a larger-scale upward reversal is in progress. Near-term resistance from...
USD/JPY Technical Analysis – Prices continue to consolidate in a large Triangle chart pattern carved out since late February. The pair is edging higher from support...
INTRADAY PERFORMANCE UPDATE: 09:40 GMT Dow Jones FXCM Dollar Index (Ticker: USDOLLAR): -0.06% (–0.45%prior 5-days) ASIA/EUROPE FOREX NEWS WRAP It’s been a quiet start to the...
THE TAKEAWAY: The US Dollar is retesting its 2-week low after a brief attempt at recovery faltered. The SP 500 has descended to interim chart support...
Continue to track developments in the GBPUSD. Given the wild and confusing manner in which Cable trades at turns, it’s impossible to be specific on near...