I wrote on 4th May that the best trades for the week would be: Long of the EUR/USD currency pair following a daily (New York) close above $1.1517. This did not set up. Short of the USD/MXN currency pair following a daily (New York) close below $19.4333. Unfortunately, this did not set up until the

Gold markets obviously have been at the forefront of everybody’s thought process lately, and this last week would have been no different. With that being said, it’s probably worth noting that we are seeing hesitation above the $3.400 level for the 3rd week in a row. This doesn’t necessarily mean that gold is going to

Buy the EUR/USD pair and set a take-profit at 1.1400. Add a stop-loss at 1.1100. Timeline: 1-2 days. Sell the EUR/USD pair and set a take-profit at 1.1100. Add a stop-loss at 1.1400. The EUR/USD exchange rate dropped to a crucial support level as the US Dollar Index (DXY) jumped after the US reached a

EUR/GBP’s fall from 0.8737 continued last week. With break late break of 0.8460 temporary low, initial bias is back on the downside. Sustained trading below 55 D EMA (now at 0.8461) will argue that whole rise from 0.8221 has already complete. Near term outlook will be turned bearish for 0.8314 support first. On the upside,

GBP/JPY stayed in range trading below 193.72 last week and outlook is unchanged. Initial bias remains neutral this week and further rally is in favor with 189.97 support intact. On the upside, break of 193.72 will resume the rise from 184.35 to 195.95 resistance next. However, firm break of 189.97 will turn bias back to

The AUD/USD weekly forecast shows rising dollar demand. The Fed kept rates unchanged as expected. A trade deal between the US and the UK eased trade war fears. The AUD/USD weekly forecast shows rising dollar demand as market participants hope for a US-China trade deal. Ups and downs of AUD/USD  The AUD/USD pair had a

The GBP/USD weekly forecast is optimistic after the US-UK trade deal. Some BoE policymakers were not ready to cut interest rates. The dollar had a solid week due to optimism about easing trade tensions. The GBP/USD weekly forecast is optimistic, as the US-UK trade deal alleviates concerns about growth in Britain. Ups and downs of

Last week was dominated by developments out of the US and UK, not just because of monetary policy decisions, but also the unexpected announcement of a US-UK trade deal. Fed’s hold and BoE’s cut were were largely overshadowed by the surprise trade breakthrough. Importantly, the structure of the agreement offered valuable insights into the US

The euro initially did try to rally during the trading session on Thursday but has since been smited pretty hard as we are now approaching the crucial 1.12 level. The 1.12 level is an area that I will be looking very closely because I believe it’s the gateway to where we are going next. Keep

The bitcoin market exploded to the upside during the trading session on Thursday, reaching over 4% in gains at one point during the day, and perhaps more importantly, breaking above the $100,000 level. It’s interesting to see this happen, because this is in reaction to not only upward momentum overall, but once the United States

Potential signal: If the market closes above the 1.39 level at the close on Thursday, I am long with a stop loss at 1.38 below. I would be aiming for the 1.4150 area. The US dollar has seen a lot of volatility during the trading session on Thursday, which of course was increased as it

Gold markets initially tried to rally during the trading session on Thursday, as we continue to see a lot of upward pressure in general. That being said, this is a market that has turned around quite violently, and there were a couple of major things that happened during the trading session on Thursday that has

It was a pretty quiet trading session on Thursday which is kind of interesting in and of itself as we are starting to see markets really take off in a risk appetite standpoint. This is due to the United States and United Kingdom signing the first trade deal and the fact that the United States

Silver was very noisy during the trading session on Thursday as we continued to dance around the 50-day EMA. In fact, I’ve used the expression continue to dance around the 50-day EMA multiple times over the last two weeks, but yet here we are still looking at the same thing. Ultimately, this is a market

By Crystal Hsu / Staff reporter The central bank yesterday called on local financial institutions to strictly adhere to foreign exchange rules and ensure that foreign capital inflows align with their declared purposes to help maintain stability in the foreign exchange market. The call came after the local currency appreciated more than 10 percent earlier

The forex market remains relatively sideways, but things are heating up for EURUSD and other pairs. Watch today’s weekly forex forecast to see how I’m trading the DXY, EURUSD, GBPUSD, USDCHF, and AUDUSD next week. US Dollar Index (DXY) Forecast The DXY has remained relatively choppy for weeks. However, my last analysis on the USD

Not only do we have a new pope this week, but we also have the first deal in Trump’s global trade war – between the UK and the US. Trump’s enthusiastic announcement, complete with a lot of CAPITAL LETTERS, helped inflate sentiment, making this US-UK deal feel bigger than it actually is. I mean, the

The GBP/USD forecast is neutral after a seesaw move under 1.3300. The US-China trade talks remain a pivot for the market participants. The upgraded UK GDP forecast provides support to the pound. The GBP/USD forecast remains neutral above mid-1.3200 during the London session on Friday, paring intraday losses. The greenback eased following a sharp rally

The EUR/USD outlook is weak amid trade optimism and dollar strength. US-China trade optimism can stabilize the markets. The Fed’s cautiousness and the ECB’s dovish tone can further weaken the Euro. The EUR/USD outlook turns mildly bearish after breaking the 1.1200 handle briefly during Friday’s Asian session. The downtick move came amid the dollar’s renewed