EUR/USD bears haven't been able to re-take control since the jarring pullback after the August 1st NFP report. But, that said, there may be more attractive areas to look for that USD-weakness to continue, such as GBP/USD.
While Trump is pushing hard for rate cuts in the U.S. and markets are highly expecting that in September with at least one and perhaps two...
The US Dollar has had the kitchen sink thrown at it so far in August.
It was just a month ago after the DXY breakout following the CPI report that President Trump threatened to fire Jerome Powell. This brought a sell-off in the Dollar but, importantly, buyers showed up to hold a higher-low in the currency, above the low from the first day of Q3 trade.
The...
It's been a trend of weakness so far in August for the US Dollar. But, to date, DXY hasn't yet broken down to a fresh lower-low even with the kitchen sink being thrown at it.
Perhaps one reason is one of the more important components of DXY, the Japanese Yen, has remained relatively weak on its own. EUR/JPY has shown a clean bullish trend following a re-load at...
EUR/JPY continues to recover from the sell-off that was followed by a test and hold of the 170.00 level. So far, there's been very clean structure built along the Fibonacci retracement produced from that prior sell-off.
Most recently it was the 78.6% retracement holding the highs and the 61.8% marker back in as support, after it had previously held as...
It's been a fast move so far in August for GBP/USD and there's been contribution to the trend from both sides of the pair, with a USD sell-off as Trump pushes for FOMC rate cuts combined with British Pound strength despite a rate cut at the Bank of England meeting.
GBP/USD remains one of the more attractive major pairs for USD weakness scenarios, in my opinion,...
The stronger pound and weakness in crude oil prices have been among the reasons why we haven't seen a new high on the FTSE when US benchmark indices have hit new unchartered territories. But the underlying trend is bullish, and it looks like the UK index is coiling for a breakout, similar to that we saw in July.
Key short-term support that needs to hold now to...
U.S. small cap equities motored higher following the release of the July inflation report, with the Russell 2000 closing at its highest level since February. While I have serious reservations about the scale of rate cuts markets have priced in from the Federal Reserve over the next year given persistent strength in services inflation, the readthrough suggests...
EUR/CAD climbs to a fresh monthly high (1.6088) as it breaks out of the range bound price action carried over from last week, with a close above 1.6050 (38.2% Fibonacci extension) bringing the July high (1.6124) on the radar.
A breach of the 2018 high (1.6153) opens up 1.6220 (50% Fibonacci extension), with the next area of interest coming in around 1.6350 (78.6%...
USD/CHF gives back the advance from earlier this week to hold within the monthly range, but the sideways price action may turn out to be temporary as it appears to be defending the 0.8030 (38.2% Fibonacci extension) to 0.8080 (23.6% Fibonacci retracement) zone.
A breach of the monthly high (0.8172) brings 0.8200 (23.6% Fibonacci extension) on the radar, with the...
AUD/JPY climbs to a fresh weekly high (96.84) as it carves a series of higher highs and lows, and a breach above the monthly high (97.07) may lead to a test of the July high (97.43).
Need a move/close above the 97.90 (23.6% Fibonacci extension) to 98.30 (38.2% Fibonacci retracement) zone to bring the January high (99.17) on the radar, with the next area of...
The GBP/JPY has just broken above the 200.00 mark for first time since July 2024. The pounds has been boosted by a hawkish BoE rate cut last week, and mixed UK data underpins, while rising global yields and rallying equity markets are undermining the low-yielding Japanese yen.
With the pair now above the 200.00 level, the key question now is whether the breakout...
In line with the dollar’s hold, EURUSD is trading between 1.1580 support and 1.17 resistance, forming a bullish rebound from its 200+ pip drop in July. A clean hold above 1.17 may extend gains toward the 1.18 resistance, with further upside possible toward the 2021 highs — with key levels in sight at 1.20 and 1.24.
On the downside, if the DXY recovery continues,...
Gold has remained in a consolidation phase since April 2025, following its record high of 3500, trading within a narrowing range between 3450 resistance and 3260 support. With tariff-related news easing, price action has softened slightly but continues to hold within the consolidation zone near 3350, awaiting confirmation from the CPI print to either reinforce...
Silver’s latest run ended abruptly on Monday, with the metal reversing hard, breaking its recent uptrend and forming a bearish evening star three-candle pattern. With RSI (14) and MACD momentum readings now neutral rather than bullish, the focus shifts to price action over holding a set bias.
If the signal from recent price action proves reliable—a big “if” with...
GBP/JPY extends the recent series of higher highs and lows to approach the monthly high (199.31), with a move/close above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) zone opening up 201.20 (23.6% Fibonacci retracement).
Next area of interest comes in around 202.00 (23.6% Fibonacci extension), but the bullish price series may...
NZD/USD snaps the recent series of higher highs and lows as it continues to pull back from the monthly high (0.5972), and lack of momentum to hold above the 0.5920 (61.8% Fibonacci extension) to 0.5930 (78.6% Fibonacci extension) region may push the exchange rate back toward the monthly low (0.5857).
A breach of the May low (0.5847) opens up 0.5830 (38.2%...
Following the big drop in copper prices on the back of news at the end of July that Trump's tariff excludes refined metal, prices have started to stabilize near the lows, suggesting a potential recovery could be on the cards.
Copper prices dropped by the largest on July 30 after Trump excluded refined metal from his planned import tariff.
Dip-buyers are...
Could the DAX bounce back here after starting the day lower?
At the time of writing, the German benchmark index was testing key short-term support between 23,928 to 24,041. This area was previously resistance while the 21-day exponential average also comes into play here.
if we see a bounce here then a new all-time high could be on the cards. Else, a potential...
