GBP/USD daily chart GBP/USD is trading in a bear trend below its main simple moving averages (SMAs).  GBP/USD is trading near November lows as technical indicators are weak. GBP/USD 4-hour chart The 1.2800 figure is acting as resistance.  Technical indicators are weak. GBP/USD 30-minute chart GBP/USD has been moving slowly in the last three sessions. 
Analysts at CIBC, consider that the euro could receive an impulse from a shifting tone at the European Central Bank. They forecast EUR/USD at 1.17 in Q1 2019 and at 1.21 in Q3.  Key Quotes:  “Over recent weeks, investors have rebuilt net EUR shorts in response to heightened political uncertainty and lacklustre growth readings in
USD/CAD daily chart USD/CAD is trading in a bull trend above the 200-day simple moving average. USD/CAD printed a 5-wave Elliot pattern which can potentially USD.CAD down to 1.3200 figure.  USD/CAD 4-hour chart Technical indicators are losing bullishness suggesting a deeper pullback.  USD/CAD 30-minute chart The level to beat for bull is 1.3320 resistance.  Bears
“The US has had a great 2018 but will face more headwinds in 2019. Worryingly, there are already some signs of a slowdown coming through in the data, in particular, the housing market,” notes ING Chief International Economist James Knightley. Key quotes “The US economy has performed really well this year with a robust jobs
USD/JPY consolidates daily gins, for the second day in-a-row.  Yen weakens amid an improvement in risk appetite.  The USD/JPY pair remains in range near the 113.00 area, consolidating a gain of 30 pips for the day. Earlier today, peaked at 113.14 and then bottomed at 112.85, following the release of US data. Durable Goods Orders
Crude oil prices keep the positive ground beyond the $54.00 mark. Prices of the WTI rebounds from yesterday’s fresh YTD lows. US crude oil inventories rose by around 4.8M barrels last week. Prices of the barrel of West Texas Intermediate are trading on black figures on Wednesday above the $54.00 mark following Tuesday’s sharp down
According to National Bank of Canada’s analyst, Krishen Rangasamy, deceleration of world GDP growth put the oil market in excess supply again and added that speculators are ditching net long positions at the fastest pace on records. Key Quotes: “What exactly caused such a sudden change of fortune for oil? The deceleration of world economic
Data released today showed that durable goods orders dropped 0.4% in October and the report contained negative revisions to September’s data. Analysts at Wells Fargo point out that core capital goods orders also disappointed, and the three-month average annualized growth rate is now the lowest since March.  Key Quotes:  “Durable goods orders fell 4.4% in
Below are the key takeaways from the weekly report published by the U.S. Energy Information Administration. U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending November 16, 2018. Refineries operated at 92.7% of their operable capacity last week. Gasoline production decreased last week, averaging 10.0 million barrels per day. 
EUR/GBP daily chart EUR/GBP is trading above its 50, 100 and 200-day simple moving averages (SMA).  EUR/GBP has been stuck near the 0.8900 figure for the third consecutive session.  EUR/GBP 4-hour chart The rising wedge has tested the October high. The RSI, MACD and Stochastic are decelerating. EUR/GBP bulls seem to be running out of ammunitions
The index moves higher after bottoming out at 96.50. US Durable Goods Orders came in below consensus. US Consumer Sentiment came in at 98.9 in November. After recording fresh daily lows in the mid-96.00s, the greenback is now attempting a rebound to the 96.70 region when tracked by the US Dollar Index (DXY). US Dollar
The University of Michigan’s Consumer Sentiment Index fell to 97.5 in November’s final reading from the previous estimate of 98.3 and missed the market expectation of 98.3 Key takeaways from the press release Consumer sentiment has remained largely unchanged at very favorable levels during 2018, with the November reading nearly at the center of the eleven month
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USD/JPY daily chart USD/JPY is challenging the 113.00 figure and the 50 SMA.  USD/JPY 4-hour chart USD/JPY is currently trapped between the 113.00 figure and the 200-period simple moving average.  USD/JPY 30-minute chart USD/JPY reclaimed the 50, 100 and 200-period simple moving averages on the 30-minute chart.  Bears broke below the trendline as technical indicators
Spot lost upside momentum near 1.1430. The greenback approaches 96.50, trades in session lows. US Durable Goods Orders contracted 4.4% MoM in October. EUR/USD has now returned to the 1.1400 neighbourhood, shedding part of the earlier advance to session peaks near 1.1430. EUR/USD bid after US data The pair keeps the buying interest unchanged so