Dollar Index Springs to Life Around Critical Floor
The US Dollar index (December) is nearing the capping mid-Bollinger band at 92.15, after improving slightly from the support section of 91.72-91.80. Despite this recent price development, the bearish bias remains intact, something also being endorsed by the downward sloping...
Interesting Pattern on GBP/CAD Points Lower
GBPCAD can be trading in a big triangle correction, visible on the weekly time frame, however in this article we are going to show you only one part of it. On the daily chart of GBPCAD we see price making...
Markets in Holiday Mode
It’s not just the US that’s in holiday mode, it seems, with financial markets a little flat on Thursday. Thanksgiving has naturally left a massive void in the markets and conditions aren’t likely to dramatically improve until next week, with...
Slow Start For EU Stocks But Bitcoin Tanks
European markets started on the back foot this morning as energy stocks and financials saw some early weakness, with shares in Lloyds falling 3% at the open. However, it remains to be seen whether the weakness for the major EU...
GBPUSD 1.3500 Now Key
The British pound is attracting strong buying demand on pullbacks against the US dollar currency towards the 1.3300 support zone. Lower time frame analysis shows that a breakout above the 1.3400 level exposes the GBPUSD pair to further gains towards...
FOMC Minutes: Fed Seriously Considered Adjusting QE
The minutes for the FOMC meeting in November shows that policymakers were cautiously optimistic about the economic recovery and the impacts of the monetary policy tools on the economic outlook. As negative interest rate has been ruled out, the Fed’s...
Dollar and Yen Stay Weak in Quiet Pre-Holiday Trading
Markets are generally rather quiet in Asian session today, with Thanksgiving holiday in the US in sight. Risk markets are taking a breather after the earlier rally, so do the selloffs in Dollar, Yen and Swiss Franc. Nevertheless the trio...