GBP has been showing strength on PM Johnson's approach to dealing with Brexit so far with positive sentiment from European counterparts. AUD has shown weakness along with U.S.-CHINA trade war continuing to put downward pressure on the Australian export markets.
GBP has been showing strength on PM Johnson's approach to dealing with Brexit so far with positive sentiment from European counterparts. CAD has shown weakness along with Crude and the potential for interest rate cuts which can undermine and CAD strength.
OANDA:GBPUSD TREND: UP CONTINUATION ETR: 1.2275/1.2235 R40 TGT: 1.2660
OANDA:GBPCHF TREND: UP CONTINUATION ETR: 1.2265 / 1.2200 R65 TGT: 1.2500
GBPUSD looking strong...waiting for pullback to 1.3175/1.3130 risk 45 targeting 1.3350 for around 4.5:1
EURAUD 4H Short for 1:1 first since countertrend.
SP500 has room to move higher before encountering some resistance.
A final move to 7000 can be expected before some weakness to set in. Something to watch over the coming weeks.
With Trump and Xi meeting at the G20 in Argentina, will we see a trade resolution that will spark a run higher for the year end?
WIth Trump and Xi meeting at the G20 in Argentina, will we see a trade resolution that will spark a run higher for the year end?
JPY reflecting equity weakness breaking the up channel and prior lows. Would like to see lower high created and continuation of lower prices to confirm down trend.
USDCAD continues to trend higher and we are in a pull back to the bottom of the channel. We can still go lower before prices resume its upward move.
GBP continues to be affected by Brexit uncertainty and looks range bond until it is resolved, so we play the range - Buy Low and Sell High.
EUR has moved higher on DXY weakness and remains in an overall downtrend until prior highs are broken.
Expecting NZD to pause here after a good run higher.
AUDUSD has had a good run of late. Can we expect a pause before a continuation of the trend?
Crude Oil has taken a beating all the way from $75 - a mix of geopolitical issues and plain old too much supply and lower demand for the commodity. Short term we are seeing some relief for the producers while the users hope for continued lower prices :).