Forex

When ECB decided to prolong its asset purchasing program by additional 9 months while cutting the volume of monthly purchases in half to €30 billion last week, the EUR/USD slumped 250 pips in just two days. Of course, the slump on Euro was not only the factor of the ECB decision but also a...

Head and Shoulders neckline resistance likely to fall as OI in call options rises for second day. After looking at a price chart, one could argue that the recovery in the EUR/USD from the Friday's low of 1.1574 has run out of steam near 1.1660. However, the EUR/USD November expiry options...

Bearish continuation pattern confirmed on the monthly chart. Kiwi could crowd out weak (bears) hands before revisiting 0.65-0.64 levels. The NZD/USD pair fell 4.9 percent in October and closed below the monthly 200-MA for the first time since February 2016. NZ politics is to be blamed here...

USD/JPY fails to take out the descending trend line hurdle in October, despite strong US data, record rally in stocks and JPY bearish developments in Japan. Increased odds of a drop to 112.00, only super hawkish Fed could yield an upside break. USD/JPY strengthened 1.02 percent in October; its...

Friday's solid recovery from the low of $56.38 helped Brent Oil end the week on a flat note at $57.72 levels. The upside was capped at $58.29 last week. Major news/data US rig count drop - Baker Hughes A GE Co (NYSE: BHI) data released on Friday showed that the Oil rig counts in the US...

The Dollar-Yen pair closed last week at 113.50; the highest (weekly close) since early July, largely on the back of renewed US tax reform hopes. The risk-on action in the markets and expectations that PM Abe will retain majority also kept the Yen under pressure. Profit taking The pair gapped...

The GBP/USD pair built on Friday's sharp rebound from 2-week lows, with bulls now looking to extend the up-move further beyond the 1.3200 handle. The British Pound was being supported by the UK PM Theresa May and the EU Commission's agreement to speed up Brexit negotiations. However,...

The EUR/USD pair extended Friday's rejection slide from the 50-day SMA hurdle and dropped to mid-1.1700s during the Asian session on Monday. Persistent US Dollar buying interest, supported by revived tax-reform hopes, has been one of the key factors weighing on the major. The greenback's...

Brent Oil rose 2% on Tuesday to a high of $56.76 on comments from OPEC and major trading firms that Oil market is rebalancing. Also boosting prices was Saudi Arabia's export cuts in November. At the time of writing, Brent was trading at $56.60/barrel. Major news/data Bullish comments from...

The GBP/USD pair stalled its recent recovery move and seesawed between tepid gains and minor losses through the early European session on Wednesday. After two consecutive days of up-move, the pair now seems to have found a tough resistance near the 1.3220-25 region. A set of conflicting UK macro...

The Dollar-Yen pair dropped to a low of 111.99 yesterday as the bid tone around the USD weakened on fears that Trump's tax reform plan could be hitting a major speed bump. However, by day's end, the pair had recovered to 112.44. The uptick in EUR/JPY on the easing of Catalan fears seems to...

Persistent geopolitical concerns now seem to be overshadowing prospects for an upcoming rate hike by the US Federal Reserve. Hence, poor performance from the US Treasury bond yields dampened sentiment around the US Dollar and weighed on the USD/JPY pair through the early North American session on...

The post-NFP US Dollar retracement, accompanied with optimism over the UK PM Theresa May’s commitment to her leadership role helped the GBP/USD pair to stage a solid recovery on Monday. The up-move got a boost from the UK Office of National Statistics' upward revision of second-quarter...

The focus of the deepening clash between Catalan separatists and Spanish authorities has shifted to Catalan President Carles Puigdemont's key address to the regional parliament. Many observers expect the President to make a declaration of independence. Catalan government is isolated in its...

The EUR/USD pair extended its post-NFP recovery move from 7-week lows and continued gaining traction for the third consecutive session on Tuesday. Comments by the ECB Executive Board member Lautenschlaeger reaffirmed market expectations of a possible tapering of asset purchases next year and...