Forex

The EUR/USD pair had a rather choppy session on Thursday but finally managed to finish the day near weekly tops. The US tax bill-led volatility in the US Dollar impacted the pair's movement on Thursday, albeit failed to lift the pair back above a broken support (now turned strong resistance)...

The EUR/USD pair struggled for a firm direction and has been oscillating in a very tight range over the past 24-hours, amid increasing nervousness over the US tax reforms plan. Uncertainty surrounding the Republican-led tax-cut legislation crept up after the Washington Post reported on Tuesday that...

The British Pound came under some renewed selling pressure on Wednesday in wake of the latest political developments in the UK. The UK political crisis intensified after Priti Patel resigned as International Development Secretary on Wednesday evening on revelations about her series of unauthorized...

Descending triangle breakout signals continuation of the rally from the July low $1204.70. Big jump in open positions in the call options points to bullish sentiment in the options market. Gold (XAU/USD) looks set to test $1300 levels sooner rather than later. Prices may have retreated from...

The EUR/USD is having a tough time holding above 1.16 handle. 1-hour chart The upswings of this pair are being restrained around 1.1620 since Monday. Add to that, the failed inverse head and shoulders breakout on the 1-hour chart, and the prospects of an up-move start looking grimmer. Furthermore...

With the EUR/USD breaking lower bound of current range at $1.1570, slide further towards $1.1420 is seen likely. The major cut back for the Euro came from the ECB meeting late in October when the Governing Council decided to prolong the asset purchasing program at least for another nine months and...

Brent Oil dipped to $56.16 last week, before rallying to a two-year high of $64.44 levels. The stellar rally is the result of the increased odds of the extension of the production cut deal. We have heard this reason before, however, it is slightly different this time... The crackdown by Mohammed...

The Dollar-Yen pair clocked a 7-month high of 114.74 on Monday before ending the day on a weak note at 113.70 levels. Over the last two weeks, the pair has had a tough time holding on to gains above 114.00 hands. Still, the bears have not been able to make good of the opportunity... the downside...

The British Pound outperformed its major counterparts on Monday amid some renewed optimism over Brexit developments. Speaking at the CBI conference in London, the UK PM Theresa May backed a deal in a transitional period and said that she wants to reach a detailed agreement on this period as early...

Gold is chipping away the key descending trend line hurdle this Friday and looks set to break higher, especially if the US wage growth numbers print below estimates. At the time of writing, the safe haven yellow metal is trading at its 100-day MA level of $1276. On a weekly basis, the metal trades...

USD/JPY continues to struggle to build momentum above 114.00 handle. The odds are getting stacked against a bullish break above 114.45. Daily chart The chart above shows- Hanging man candlestick pattern (Thursday's candle) Bullish 50-MA & 200-MA crossover (contrarian indicator...

In a knee-jerk reaction to the leaked details of the long-awaited Trump’s tax plan, the US Dollar weakened sharply and lifted the EUR/USD pair to one-week high on Thursday. The pair, however, failed just ahead of the 1.1700 handle, marking the 100-day SMA hurdle, and had a rather muted...

The sell-off in the EUR/GBP from the Oct. 20 high of 0.9022 ran out of steam at a low of 0.8733 on Wednesday. At the time of writing, the currency pair is trading at 0.8778 levels. The Bank of England (BOE) is expected to hike rates today for the first time in more than a decade. The move appears...

The Dollar-Yen pair is once again struggling to hold above 114.00 levels. The Fed statement released yesterday showed the policymakers aren't second guessing a rate hike in December. However, the markets have priced-in a 25bps move, thus, the pair failed to take out the descending trend line...

The EUR/USD pair staged a goodish rebound during the Asian session on Thursday and was being supported by a wobbly US Dollar, led by speculations that US President Donald Trump is likely to nominate current Fed Governor Jerome Powell to succeed Janet Yellen. Investors looked past the Fed's...