USD/JPY has hit four-month highs amid optimism on trade and Brexit. Mid-October's daily chart is painting a bullish picture.
China has reported the slowest growth level since the 1990s – an annual increase of only 6% in Gross Domestic Product in the third quarter. The world's second-largest economy continues experiencing a slowdown .
Ultimately the bigger...
With the current uncertainties keeping GBP pairs consolidated, echoing across correlating Pairs to the Pound, new fundamentals seem like the master key in getting volatility back for FX Traders.
Looking over the Pound, one cannot deny that Sterling is at its most cheapest level in years. Forget price and think of value - suggests traders at HuracanFX....
XAU/USD GOLD -Short but bumpy ride down.
With the Dollar set to gain slightly, we could see a move down over the upcoming weeks - this only disregarding fundamental key points that could otherwise dictate a different outcome, as pure technicals are the main driving force for the yellow metal.
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The USD weakness will help oil find higher prices ,USD Index for confirmation.
Keep Crude on our list, as we may see good opportunities for a decent swing to the upside
USDCAD Weekly chart gives us an indication of overall price momentum to the downside as price has retested the weekly resistance zone of 1.35200.
Overall a break in upwards channel from
1.34150 has seen USDCAD sustain its shorts over the last 3weeks.
After a break - Price will usually form a pullback/consolidation zone. Perfect for re-entries.
A Weekly Pullback...
A shaken Aussie Dollar sees its awaited 0.69200 level within reach once again towards the downside - if we see a positive break below 0.70000.
Recent Fundamentals concerning the Dollar has allowed the pair to move into higher territories above monthly support of 0.70000
However just shy of 0.71000 a potential reversal towards 0.69200 may become a real...
A Dovish FED Seeking to Cut Rates.
A Channel up identified with price gaining bullish steam after FED signals a rate cut with a dovish outlook towards the Dollar. USDCAD gains a fundamental push backing price swings toward hard weekly resistance of 1.35200.
From a technical viewpoint, USDCAD sees verified support at 1.30450. Currently in a range bound zone...
