Riz_Ezreal

Riz_Ezreal Updated 

In the matter of two days, UCAD dropped almost 226 pips. Thanks to the weak Canadian Unemployment report, USDCAD has seen some hopes, but is it all? Too many technicals here. The pair is expected to bounce back at the regression channel. Penetration of the Bollinger Bands is not expected...so the pair might hit the upper wall and tumble down. The 38.2% Fib level...

Riz_Ezreal Updated 

The Unemployment report will be released shortly, and much is expected to affect this pair. This pair in particular has witnessed the most bullish momentum compared with other JPY pairs. Well...not anymore. The Unemployment report isn't much optimistic, as well as the Net Change in Employment. as former is expected to remain and the latter is expected to reduce by...

Riz_Ezreal Updated 

It's the 'Super Thursday' for the British economy, as the Asset Purchase facility, as well as the MPC vote data will be released shortly. Data like the Industrial and Manufacturing production, as well as the Trade Balance data was out recently, and these indicated a bearish pressure on the GBP pairs. We await the MPC vote decisions as well as the speech of...

Riz_Ezreal Updated 

The RBNZ is expected to release the Monetary Policy statement and the Interest rate decisions after 3 hours from now. We can expect a rising volatility at NZDUSD. The pair is already overbought. Divergence is discovered too. Expect strong resistance at 78.6% fib level. Hold for the news and trade the volatility. All the best! ~Riz

Riz_Ezreal

Yesterday's robust Trump speech about exiting the Iran Nuclear deal wounded the pair even more. EURUSD itself dropped almost 154 pips from the beginning of May. The pair remains under heavy storm, in expectations of the GDP and CPI data to shine some light. Here, the 38.6% fib level seems a good resistance level to put stop losses. It is also safeguarded by the...

Riz_Ezreal Updated 

One year till Brexit, and the economy is stumbling. GBPUSD alone fell from 1.43270 to 1.35808 in a matter of 16 days. The Manufactuing PMI, along with Net Lending and Money Supply, decreased.With recent fundamentals such as US NFP and Unemployment data, the base currency may not standardize up to its quote currency. The technicals suggest a broader view. The...

Riz_Ezreal

Well indeed. The USD crosses have benefited much from the recent fundamentals. We had the USDJPY sky-high at the beginning of the week. With USD as the quote currency, pairs like EURUSD have gone underground. The ISM prices increased to 79.3 this week. Should be good for the dollar,right? Well...not much. You can say this is the 'silence before the storm'. ...

Riz_Ezreal Updated 

The second day of a vital week for the world economy, and the RBA kills it. Consumer prices rose by 1.9 percent through the year to the March quarter of 2018, compared with market consensus of 2 percent and yet, the interest rates remain same. The rates were expected to pump some life into the Aussie, which plunged from 0.78 to 0.752 in less than 13 days; and I...

Riz_Ezreal

So a new week for the traders, and a bright one too. We have the Personal Consumption Expenditure Index (PCE) this week, following a Harmonized Consumer Price Index (CPI) on the same day. The PCE is much favored by the Fed when gauging inflation. and is now much favorable as it inches the much desired 2 pc. Moreover, the GDP figures came hot on Friday, creating...

Riz_Ezreal Updated 

Last week...a Bloomberg reporter said that FX:USDJPY is a 'safe haven' for putting your hard earned bucks. Let's face it: you have a rising global trade war, you have NAFTA negotiations, and then you have the inter-political issues best not mentioned; then where would you take shelter? You would need a shoulder to hedge on, and USDJPY just seems perfect. The...

Riz_Ezreal

The start of the year was quite flourishing for the pair, until the recent talks about hard Irish border and the EU Customs Union. This could hit hard on the GDP of the nation, which is expected to devalue from 0.4% to 0.3%. Have to keep an eye on this one. Focusing on the technicals, we can see that the FX:GBPUSD was ranging at the levels of 1.4000 ( 23% Fib...

Riz_Ezreal

The U.S Treasury Yields continue to feed the market as it is at 4- year highs. On the other hand ,the recent hot gossip about the Iran sanctions and the May 12 deadline sent stocks plunging. Recent technicals suggest USD would be going up, as the yields may offset any other fundamental tensions. FX:AUDUSD is expected to go down as the Stochastic along with the...