Potential space for lower in my opinion and as the chart we can see price breaking lower the ascending trendline and support 1.93076 should indicate bearish in power. Boris Johnson and his friends are amending the Brexit bill to NOT allow further extensions. This means that, once the government has set a deadline, the U.K. must stick to it with or without a trade...
EUR / CAD has developed higher lows connected by a longer-term upward trend line and also displays lower stochastic lows. This bullish divergence indicates a rebound may occur.
With little eye-catching improvements for leading indicators for the eurozone, in this session, I'm hoping to catch a quick bounce for the shared currency. On the flip side, there might...
Traders sold the Aussie like no tomorrow when the minutes of RBA's meeting indicated members expected another rate cut in November.
We are worried about Australia's major trading partners ' economic slowdown; contraction in housing construction activity; outlook for consumption; wage growth; inflation; and domestic growth. Ultimately, the latest papers point out...
Traders seem to be in risk aversion mode to start the week off of negative developments in the U.S.-China trade story. With fear on whether or not we’ll see tariff rollbacks on China, odds have risen that the trade deal may not go forward. This has sent equities, bond yields and oil lower, and seems to be supporting the safe-haven currencies like the Japanese yen.
-Industries have not been hurt by the administration's trade actions.
-There is no uncertainty with regard to trade worse.
-The cost of doing nothing was killing us as a country.
-China starting big agricultural buys if they don't make a deal with China they will substantially raise tariffs on China imports.
-The situation between China and the US involves...
We had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as...
Word through the forex town was that, depending on how the first step of the agreement works out, the U.S. and China are planning to roll back certain tariffs in tranches. Risk capital, however, had their rallies cut short when it was also revealed that within the U.S. government this proposal faced strong internal opposition. The monetary policy statement issued...
