Euro continues to remain bearish breaking below key levels
The Euro continues to remain bearish on a technical note. Tonight, we will take a look at both the EURUSD and the EURJPY pairs. Continue reading
EURUSD daily divergence forms for short-term bearish signal
Several major economic releases come out throughout this week. For the United States, the key figures to look out for is Wednesday’s inflation figures and FOMC meeting minutes where we will gain a better indication of rate hike expectations. Continue reading
U.S. Dollar continues to remain bearish after disappointing Non-Farm Payrolls
Friday’s Non-Farm Payroll figures increased 138k, less than the expected of 181k. Traders are concerned that the labor market is losing momentum as the Feds continue to pursue rate hikes. Continue reading
Lower volumes on Memorial Day; AUDUSD and USDJPY still key pairs to watch
Monday, May 29, 2017 is Memorial Day so be prepared for significantly lower volumes on U.S. Dollar pairs. Nevertheless, two pairs still remain in focus for this week. Continue reading
Trade Update: AUDUSD long and USDCAD short
Unfortunately, I was a bit too late to take advantage of the setup on the EURUSD pair. This pair retraced nicely along a resistance turned support zone and held up for a further bullish rally. Continue reading
Near term fundamentals impacting technical setups for the week ahead – May 21, 2017
We experienced much volatility and some major swings this week especially as we neared Friday’s market close. Continue reading
AUD continues to remain bearish as S&P gives negative outlook forecast
Australia retains its AAA rating, but S&P has held a negative outlook mainly from risks to revenues posed by weak wages growth and inflation. Continue reading
