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USD/INR: Trend Up Last time I wrote 'This past acton may be seen as two things...a possible Bearish Double Top...this would be in line with the Reverse H+S Pattern...or a Bullish Halfway...
USD/CNY: Trend Down? The market is seemingly trying to pull its way up out of the 'Vomit' though this has only really happened in the last two weeks and may even be premature. The spark to try high...
AUD/USD: Trend Down From last time '.. we've a likely chance soon to test the Lower Tine of the May - Dec 2017 Schiff Pitchfork support and then possibly the Dec 2017 low at 0.7498...then maybe fulfil...
USD/JPY: Trend? The Weekly Key Reversal Up pointed out last time that occurred six weeks ago continued to have a Bullish effect on the market. Initially we rose gently but slowed as we approached the...
EUR/GBP: Trend? Much like EURUSD and GBPUSD.Jt was the Weekly Key Reversal Up three weeks ago that has set off a chain of events. In this case it was the move up over the recent 50% Fib at 0.8793, the...
GBP/USD: Trend Down? 'It was the Weekly Key Reversal Down three weeks ago wot did it guv'. Apologies for the Cockneyisms but it was clearly indeed the Weekly Key Reversal Down three weeks ago that...
First, a review of last week’s forecast:EUR/USD. For the third week in a row, the dollar continues to strengthen its positions, having won back about 500 points from the euro. Easing of tension...
One of the weakest currencies of late has been the pound. It has fallen viciously ever since the Bank of England Governor Mark Carney strongly hinted at the prospects of no interest rate rises this...
There’s still no end in sight for the downturn in eurozone data. After mostly disappointing economic pointers throughout much of the first quarter, this morning we found out that German business...
Market OverviewThe recovery of the US dollar has taken a pause in the wake of the FOMC decision, however could a potential pick up in wages trigger the next bull run? It is interesting to see that...
The dollar is falling, after its longest and strongest rally since September, from a low of 89.23 to a high of 92.83, or a 4 percent rise, within three weeks.Most opinions cite a fundamental cause for...
Today’s economic news out of the Europe wasn’t great but interestingly, the response from the euro, and to a lesser degree pound, was very subdued as both pairs refused to fall further...
As broadly expected, the Federal Reserve held rates steady on Wednesday and made minor adjustment –mostly cosmetic - to the accompanying statement. Amid the release of the latter, the US dollar...
Clutching at strawsWould-be dollar sellers didn’t clutch at straws for long in the wake of the Fed’s Wednesday evening policy announcement. Rates weren’t changed but finely-honed...
Some potentially key data was effectively ignored this Thursday, as the markets instead traded tentatively in the shadow of the US-China trade talks. It appears that the pound has maybe become...