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The EUR/GBP pair rose to an 11-day high of 0.8923 on Monday as Pound was offered across the board on rising political uncertainty. As of writing, the currency pair trades in a sideways manner around 0.89 levels. Daily chart On the above chart, the head and shoulders failure yielded a...

The latest UK political turmoil, led by reports that a significant number of Conservative MPs were ready to sign a letter of no confidence, weighed heavily on the British Pound at the start of a new trading week. The GBP/USD pair tumbled closer to early-November lows near mid-1.3000s, touched in...

The EUR/USD pair struggled to build on last week's tepid recovery move and held within a narrow trading range amid a dearth of positive catalysts. Meanwhile, the downside remains cushioned amid persistent uncertainty over US tax reform legislation. However, a modest pickup in the US Treasury...

The AUD/USD pair ended the last week on a flat note at 0.7657. Bears failed for the third straight week to keep the spot below the weekly 100-MA. Still, over the last two weeks, the pair has been restricted in the range of 0.77-0.76. As of writing, the spot is trading in a sideways manner around 0....

The GBP/USD pair opened with a bearish gap on the back of weekend political headlines that 40 Conservative MPs are readying to challenge Theresa May's leadership by signing a letter of no confidence. The news came at a time when the UK is facing a crucial deadline on the final Brexit settlement...

The US Dollar gained some positive traction at the start of a new trading week and once again capped the EUR/USD pair at an important support break, now turned resistance, near the 1.1670-80 region. Renewed uncertainty over the progress of Republican-led tax reform plan spooked the USD bulls and...

The USD/JPY pair is better bid today, but it is struggling to get past the 5-day MA level of 113.70. As discussed here, the unwinding of the treasury yield curve flattening trades could have lifted the US 10-year yield to 2.4 percent, thus the pair followed suit. However, the yield is showing no...

USD/CAD sellers are having a tough time breaching the key trendline support today. As of writing, the currency pair is trading at 1.2673; which is the support offered by the line drawn from the Sept. 15 low and Oct. 19 low. The spot clocked a high of 1.2917 (Oct. 27 high) and since then has been...

Rally in the Brent oil appears to have come to a halt around the $63.50 levels this week largely on account of the short-term overbought technical conditions and due to an unexpected build in US oil inventories. As of writing, Brent is trading flat-lined at $63.80/barrel. Prices have rallied more...

The latest UK political jitters, to some extent, were negated by the US tax bill uncertainty, with the GBP/USD pair once again finding some buying interest near the 1.3085 area. The US Dollar reacted negatively to the Senate's version of the tax plan, which confirmed that they wanted to delay...

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...