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NZD/JPY Retraces Ahead of Trend Continuation Lower
There may be a potential sell opportunity forming on the NZD/JPY. The current weakness in Kiwi versus Yen (NZD/JPY) was initiated by a dovish shift in the RBNZ’s (Reserve Bank of New Zealand) monetary policy statement and forward guidance in interest rates , which surprised investors and sent the Antipodean currencies tumbling lower on the […]
Continue readingEUR/USD Trend Continuation Sell Opportunity Forming
There may be a potential sell opportunity forming on the EUR/USD. On Wednesday of last week, price expanded higher on this pair after the sell off of USD due to Wednesday’s FOMC announcement. This push higher caused the pair to breakout of a daily descending channel. However, on last Thursday and Friday, we saw US […]
Continue readingUSDCHF May Be Expanding Lower After Testing Supply
There may be a potential sell opportunity forming on the USD/CHF. Ever since January 9th, 2019, the bulls have been pushing this pair higher, creating higher highs and higher lows due to good US fundamentals and signs of economic softening or slowdown coming out of the European Union. The USD/CHF climb higher has recently found […]
Continue readingPotential Bullish Rotation On EUR/CAD At Strong Support
There may be a potential buy opportunity forming on the EUR/CAD. For the entire month of January 2019, the euro has been sliding lower against the Canadian dollar, making lower lows and lower highs while trapped inside a descending channel. This technical pattern has been maintained by underlying fundamentals surrounding on-going softness in Eurozone economic […]
Continue readingAUD/CHF is Poised To Slide Lower After RBA Policy Statement
Aussie crosses are trading on the weak side ahead of tonight’s RBA monetary policy statement. Poor Australia Retail Sales for December reported a reading of -0.4% m/m versus the anticipated forecast of 0.0% m/m which was expected. This reading is in line with the RBA’s observance & concerns about slow housing purchases, which is a […]
Continue readingMonday Market Blues Ahead of EU Economic Summit
Market blues have dampened the first full week of earnings season with a continuation of last week’s risk-off tone and asset sell-off. Equity markets opened lower on Monday morning as concerns over escalating geo-political scenarios took center stage for a new week of trading. Financial market blues continue to be the common temperament within this […]
Continue readingTechnical Outlook For The US Dollar Index
For the past few months, the US Dollar has been tumbling lower, due to a combination of political uncertainty in the United States, and improving economic sentiment in the Eurozone. Recent activity in US Dollar Index daily chart reveals that price has fallen into a weekly demand zone between 88.40-88.70, and appears to be forming […]
Continue readingBrief Thoughts On The US Dollar For The Week
As global equities or stock indicies continue to be on the rise, we’re seeing a prolonged pursuit of yield, which is indicative of a highly “risk appetite” environment. As bond markets continue to weaken and the slide in the dollar continues, this type of market action is supportive of more demand in equities or higher […]
Continue readingEUR/USD Market Forecast Before Thursday’s ECB Meeting
On this past Friday, the euro stumbled against the dollar, but traded flat against the U.S. currency over the week, reflecting investors’ uncertainty over the timing of the Federal Reserve rate hike and also whether the European Central Bank will ease policy further at its upcoming meeting on Thursday. EUR/USD retreated 0.4% to $1.1350 in […]
Continue readingUSD/JPY Forecast: Anchored to 120.00, But Not For Long
The USD/JPY pair continues to play the range and consolidate between a common high (121.20/30) and common low (118.90) as investors attempt to understand some of the monetary policy decisions from both the FED and BOJ. On yesterday, during the BOJ Press Conference, the central bank refused to hint towards the likelihood of additional easing, […]
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