Category: Forex

GBP/USD stays under modest bearish pressure in the American session and trades below 1.3700. The US Dollar Index is clinging to modest daily recovery gains near 95.00 despite weaker-than-forecast macroeconomic data releases from the US. The Relative Strength Index (RSI) indicator on the four-hour chart continues to stay in...

Inflation and central banks remain in the eye of the storm as economies recover. Discouraging US macroeconomic data add pressure on the greenback. EUR/USD in a long-term upward corrective advance, 1.1500 is a line in the sand. The EUR/USD pair finally woke up from its over-a-month lethargy, surging to 1.1482 and...

GBP/USD has been torn between Omicron optimism and Fed hawkishness.  US inflation data and UK covid data are set to shake cable in the upcoming week.  Early January’s chart is painting a bullish picture.  The FX Poll is pointing to a gradual decline in GBP/USD. Omicron may be peaking...

Central banks will be forced into action in 2022, but will it be worth it? Sentiment seesaws between fears and hopes related to the pandemic. EUR/USD at a brink of a long-term bearish breakout, 1.0635 exposed. Much water has run under the bridge in 2021, and as usual, the...

NZD/USD struggled to capitalize on the attempted recovery from a one-week low. A softer risk tone was seen as a key factor that weighed on the perceived riskier kiwi. Retreating US bond yields kept the USD bulls on the defensive and helped limit losses. The NZD/USD pair seesawed between...

EUR/USD is battling 1.1300 amid a cautious mood. US Treasury yields drop, capping the US dollar’s upside amid covid concerns and Fed speculation. France reports the world’s biggest daily jump in covid infections. Second-tier US data awaited amid light trading. EUR/USD keeps the previous day’s downside break of a one-week-old...

GBP/USD is consolidating below the five-week highs of 1.3446 amid easing Omicron and Brexit risks. The UK government offered assurance of no fresh restrictions during the holiday season. New post-Brexit rules over fisheries underpin the pound amid light trading.  Technical Overview 1.34531 GBP/USD Auto Trend Lines SMA (200,0) SMA (100,0) EMA (50,0)Chart Tools  The cable...

EUR/USD continues to fluctuate in a very tight range around 1.1300 on Monday as trading volumes remain thin following the Christmas break. There won’t be any high-tier data releases in the remainder of the day and subdued trading action is likely to remain unchanged. The EUR/USD pair keeps hovering...

EUR/USD picks up bids to consolidate intraday losses around 1.1330, down 0.05% during early Friday. The major currency pair snapped three-day advances the previous day but closed with minor losses. On the four-hour chart, the Relative Strength Index (RSI) indicator is moving sideways around 60, suggesting that sellers show no...

EUR/USD is retreating from 1.1300, snapping a two-day uptrend. Cautious mood revives the US dollar’s safe-haven demand, despite weaker yields. US inflation expectations recover ahead of GDP and Consumer Confidence data. Omicron news and Biden’s speech eyed as well.  The Relative Strength Index (RSI) indicator on the daily chart returned to...