Foreign Exchange

Trading professional, official analyst, representative at Instaforex Companies Group and freelance author.

Weekly Trading Forecasts for Major Pairs (January 22 - 26, 2018)

21 Jan 2018 @ 01:04
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated throughout last week, moving between the resistance line at 1.2300 and the support line at 1.2150. The resistance line at 1.2300 was tested unsuccessfully, and it is unlikely that price would stay above it, even if it tested again. There is […]

Dollar bulls hoping for some respite near term

18 Jan 2018 @ 16:31
Another day, another President Trump broadside. No, we’re not talking about the wall, NAFTA and bad jokes, but the interview the President gave concerning China. In a ‘nutshell’, Trump is considering a big ‘fine’ over China’s intellectual property theft and there is now much speculation that Trump will use his State of the Union address at […]

Pound soft as UK core inflation slows faster than expected

17 Jan 2018 @ 12:19
A slowdown in UK inflation in December weighed upon the pound, keeping it flat versus some of its major peers. The pound starts today on soft form as well. GBP/EUR is trending at €1.1257, whilst GBP/USD has fallen -0.2% to US$1.3768. The GBP/AUD exchange rate is flat at AU$1.7310, GBP/NZD is stuck at NZ$1.8995, and […]

AUDCAD stalls at neckline ahead of BOC meeting an AU employment

16 Jan 2018 @ 11:26
AUDCAD has stalled beneath a pivotal zone of resistance as we approach the BOC policy meeting and Australian employment report. If we are to see a divergent theme materialise between the two events, we’d could expect price to provide a decisive break or firm rejection of this resistance area. As a break higher would place the cross within […]

Pound mixed yesterday as markets awaited today’s inflation data

16 Jan 2018 @ 09:54
A focus on today’s data calendar, coupled with a lack of impactful domestic data from the UK, saw the pound largely trending in response to movements from its major peers yesterday. The pound remains soft this morning in anticipation of the imminent CPI release. Sterling is trading narrowly around opening levels, with GBP/EUR trending around […]

Weekly Trading Forecasts for Major Pairs (January 15 - 19, 2018)

13 Jan 2018 @ 23:28
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market was bearish from Monday to Wednesday, and then began to make some bullish effort, which eventually paid for. From the middle of last week, price rose by 270 pips, to test the resistance line at 1.2200. That resistance line remains under siege, […]

Forex in Focus - USD/JPY

11 Jan 2018 @ 15:55
USD/JPY has sold off dramatically this week and Jamie Dutta discusses this move and the wider picture for this major. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

AUD bumps it head on resistance cluster - yet 80c is tantalisingly close

11 Jan 2018 @ 10:06
The Australian Dollar was given another boost today after retail sales far exceeded expectations. Poking its’ nose to a 3-month high before edging low, the move follows on from an impressive run since the 8th December low. Since then, AUDUSD has already gained 4.7% and, with exception to NZD, dominated the majors. So as AUDUSD is […]

Uneventful Cabinet reshuffle boosts GBP - until Greening resigns

09 Jan 2018 @ 11:28
The pound was able to end the day on largely strong form, benefiting from weak Eurozone data. The pound begins the session on a weak footing this morning. GBP/EUR is flat at €1.1335, while GBP/USD has slipped -0.2% to US$1.3539. GBP/AUD has dipped into negative territory, falling to AU$1.7277, GBP/NZD has dropped -0.3% to NZ$1.8856, […]

Carry trades retrace but CADJPY keeps its eye on the 2017 high

09 Jan 2018 @ 09:19
As global economic data has continued to improve, appetite for risk has risen which has sent global stocks to record highs, weaken the Yen and revive the carry trade. The weaker USD has also strengthened commodity currencies which helped CADJPY, NZDJPY and AUDJPY enjoy the past few weeks of trade. Yet another pillar of support […]
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