Currency

EURJPY Price Analysis – July 19 Given that the money swapping scale has turned around from the lower limit of a slipping trendline design, almost certainly, the pair could go for the upper band of the channel design at 122.29 before the finish of the present exchanging session. Key Levels Resistance Levels: 127.52, 123.01, 121.66 […]

Dovish comments from Fed officials has put a 50bps cut in July back onto the table for markets, and markets were quick to respond. Fed’s William’s said current estimates of the US neutral interest rates are around 0.5% and, if inflation gets stuck below goal, people’s expectations may push inflation lower, “reducing the Fed’s ability […]

Since its bull-trap at the start of the month, a lower high appears to have formed and the cross is now testing a potential breakout level. Two weeks ago, we noted that CHF/JPY’s bull-trap and subsequent crash through key support had slammed it back onto our bearish watchlist. Sometimes it can take a little longer […]

GBPJPY Price Analysis – July 17 In the wake of attempting to clear the 137.80 level, the British Pound began a solid decay against the Japanese Yen. The GBPJPY pair even broke the key technical zone on the level at 135.39 to post another multi-month low. Key Levels Resistance Levels: 148.66, 143.68, 137.80 Support Levels: […]

GBP/USD Breaks Its 52-Week Low: Has That Provided An Edge In The Past? To be more precise, GBP/USD has actually closed to a 25-month low. But having recently tested how the S&P500 responded to its 52-week milestone, we extend our curiosity the cable. Brexit woes have continued to weigh on GBP, with reports of Boris […]

Weekly COT Report: Traders Remain Wary Of King Dollar As of Tuesday 15th July 2019: Traders were net-long USD $12.38 billion ($16.95 against G10 currencies), up by $0.1 billion to snap a five-week streak of long reduction Large speculators have been net-long CAD for two consecutive weeks, and at their most bullish level since March […]

EURJPY Price Analysis – July 12 EUR, as traded against the JPY, is depreciating to the JPY’s value and the pair EURJPY may breach major barriers in the present session, although no significant difference in the pairs downward outlook for now. Key Levels Resistance Levels: 126.30, 124.03, 123.01 Support Levels: 121.66, 121.02, 120.00 EURJPY Long […]

USDCHF Price Analysis – July 10 As the greenback remains mixed for its inflows the CHF took advantage of its recent strength early in the day by pulling the momentum to its side and dragging the pair downwards. The USDCHF has seen action mostly to the downside today but may find support buying near its […]

With Fed minutes, Powell’s testimony and a BoC meeting, it should make for a lively session for traders, with USD/CAD finding itself caught in the crossfire. Starting with volatility (lower panel) we can see that 1-week historical volatility has dropped as markets await this key date. However, implied 1-week volatility has also risen to show […]

Kiwi Spikes Aside, It’s Calm Before The Powell Storm Were it not for the sudden spike on NZD crosses then ranges would have been typically small, given market are keenly awaiting comments from Powell later. The lack of news and immediate price reversal suggests its liquidity driven. USD and NZD are currently the strongest majors, […]