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  1. Gold fell to lowest level since Dec. 26, calls lose value
  2. AUD/USD testing new lows, 0.7400 remains in sight
  3. USD/JPY digs into 110.50 on surprise Japan trade balance
  4. GBP/USD lacking the momentum to recover to 1.34
  5. Trade and political concerns are back in fashion
  6. Gold: Above $1,300, but bull breakout remains elusive
  7. AUD/USD hit one-month low after bear flag breakdown
  8. Forex Today: BOJ drifts further from its peers, Yen on the defensive
  9. GBP/USD looking for a foothold from 1.3250 following Thursday’s bearish overture
  10. EUR/USD faces worst weekly loss since November 2016, creates bearish outside-week candle
  11. Gold is teasing bull breakout after bullish outside-day candle
  12. AUD/USD targeting post-FOMC lows at 0.7530 on bad Australian and China data
  13. USD/JPY falls back to 200-day MA support despite hawkish Fed
  14. GBP/USD trying to grind its way back to 1.34 ahead of Thursday’s UK and US Retail Sales double-header
  15. EUR/USD is mildly bid despite hawkish Fed, Eyes ECB
  16. Gold Technical Analysis: Bearish continuation pattern sighted
  17. AUD/USD hit 12-day low on dovish RBA Lowe’s comments
  18. USD/JPY: well based above the 200-D SMA, the quiet before the FOMC storm
  19. GBP/USD stumbles back from 1.34 once again as bullish momentum evaporates
  20. EUR/USD: Put value hits 13-day high ahead of Fed and ECB event
  21. Gold continues to struggle with $1,300 as key barrier holds action in place
  22. AUD/USD gets a lift from an uptick in AUD/JPY, weak NAB data ignored
  23. USD/JPY trims gains, but holds above 200-day MA amid US-North Korea Summit
  24. GBP/USD fumbles the 1.34 handle as UK Average Earnings close in
  25. EUR/USD Technical Analysis: bulls scrambling to recover from trendline break
  26. Gold holds weaker below $1300 mark, focus shifts to Trump-Kim meeting and FOMC
  27. USD/JPY bulls looking to build on momentum beyond 110.00 mark
  28. GBP/USD a test of 1.35/1.36 remains on the cards – Commerzbank
  29. EUR futures: cautious ahead of key week
  30. USD/CAD risk reversals retrace CAD bearish bias
  31. GBP/USD Stalling out near 1.34 as Brexit talks continue to yield little progress
  32. EUR/USD: Yield differential favors bulls, but caution ahead of G7 could cap gains
  33. Gold: Break above 20-day MA remains elusive
  34. AUD/USD put premium is on the decline
  35. GBP/USD spinning in place near 1.34 as Thursday sees little impact ahead of US jobless claims
  36. EUR/USD: Upbeat Eurozone GDP would add credence to the hawkish ECB rhetoric
  37. Gold: 20-day MA is a tough nut to crack
  38. AUD/USD takes a big step upward on Aussie GDP beat
  39. USD/JPY: JPY call demand drops, signals fading prospects of deeper sell-off
  40. GBP/USD reclaims 1.34 ahead of quiet Wednesday with US Trade Balance in the pipe
  41. EUR/USD: Put premium drops sharply on ECB QE exit talk, Italy relief
  42. Gold: Flatlined at $1,292/Oz, risk reversals roll over in favor of the bears
  43. AUD/USD flatlines in Tuesday’s Asia session as China data fails to impress
  44. GBP/USD pinned to 1.33 on fresh Brexit concerns, technical correction already running out of steam
  45. EUR/USD: Break above 1.17 remains elusive, death cross on cards
  46. Gold will start to rebound in Q4 2018 – TDS
  47. GBP/USD seeking 1.34 ahead of UK’s PMI figures for Monday
  48. EUR/USD: Signs of bearish exhaustion, trade tensions and political uncertainty lingers
  49. AUD/USD sees little action after China PMI release
  50. USD/JPY moved above 109.00 even though BOJ trimmed JGB purchases
  51. GBP/USD slips away from 1.33 as markets recoil on trade war rhetoric
  52. EUR/USD: On the defensive despite the corrective rally, focus on US wage growth numbers
  53. Gold climbs back closer to 200-DMA on weaker USD
  54. AUD/USD off lows, finds support near mid-0.7500s
  55. USD/JPY trims losses, revisits 200-hour MA
  56. GBP/USD creeps back into 1.33 as risk recovery drags the GBP along for the ride
  57. When are the Eurozone flash CPIs and how could they affect EUR/USD?
  58. Gold struggles to scale $1,300 mark despite risk aversion
  59. USD/JPY trims losses, 10-year treasury yield rises by 5 basis points
  60. Japan: Industrial production likely to rise in April – Nomura
  61. EUR/USD: Market most oversold since 2015, eyes Italian yields and German CPI
  62. GBP/USD sticking to lows as the UK wraps up a long weekend
  63. EUR/USD scope for a rebound near term – Commerzbank
  64. AUD/USD Pair Extended Its Corrective Slide From Five-Week Tops
  65. USD/JPY Is Reaching Higher In Asia Trading
  66. GBP/USD Is Trading On The Bottom Heading Into The European Markets
  67. EUR/USD Created a Bearish Outside-Day Candle
  68. EUR/USD up smalls around 1.2380, US data on sight
  69. USD/CAD starting to drift from the top, falling towards 1.26
  70. GBP/USD sitting quietly at 1.42, lacking motivation ahead of UK retail sales
  71. NZD/USD: Bulls attempting another run towards 0.7350
  72. GBP/USD: Cautiously bullish, eyes UK CPI
  73. EUR/USD fighting to stay upright, 1.24 looking distant ahead of EU CPI
  74. AUD/USD: shorts exposed to positive Aussie labor data
  75. EUR/JPY trying for 133.00 as EU CPIs loom
  76. EUR/USD firmer near 1.2400 ahead of ZEW
  77. USD/JPY testing the 107.00 handle’s strength, dipping on mixed data
  78. EUR/USD on solid ground as US Y-yield curve hits fresh 10.5-year low
  79. AUD/USD continuing to drop following RBA minutes, China GDP
  80. GBP/USD keeps looking to 1.4345 – Danske Bank
  81. AUD/USD turns negative near 0.7760, eyes on US data, China GDP
  82. USD/CHF faces strong resistance near 0.9658 – Commerzbank
  83. USD/JPY weaker around 107.20, US data eyed
  84. AUD/USD freezes on China Trade Balance miss
  85. GBP/USD: Bullish outside day, eyes Brexit trade talks
  86. EUR/USD trying to hang on to 1.23 ahead of German CPI
  87. NZD/USD risk reversals: Bearish bias weakest since early February
  88. AUD/USD falls back into 0.7750 as inflation expectations, home investments fumble
  89. EUR/USD: ECB minutes could make or break the EUR
  90. GBP/USD struggling to get a grip on 1.42 ahead of Carney’s speech
  91. USD/JPY struggling to build momentum as Middle East tensions weigh
  92. EUR/USD Flirting with 1.24 Resistance
  93. Mid Day Analysis – US Dollar bounces off lows post-CPI
  94. EUR/USD Reaching For 1.24 Ahead Of Draghi’s Speech
  95. USD/JPY Defends 107.00
  96. AUD/USD Drops Into 0.7750 Ahead Of RBA Lowe Speech
  97. GBP/USD Eyes 200-Week MA Hurdle, Focus On UK Trade And Manufacturing Data
  98. EUR/JPY Peeps Above 132.00 On China Xi’s Pro Globalization Plan
  99. AUD/USD Catches A Lift
  100. USD/JPY above 107.00, S&P 500 futures rise on China President Xi’s
  101. Gbp/Usd Poised For Further Gains From 1.41 If Sentiment Holds
  102. EUR/USD Boosted by Euro Strength
  103. USD/JPY Eakes an Early Play for 107.00
  104. EUR/USD: Bull Hammer Ahead of Key Event Risks This Week
  105. NZD/USD Peeps Above 55-day MA Hurdle
  106. AUD/USD Pushing Higher But Running Out Of Momentum
  107. GBPUSD Set To Remain Well Bid
  108. USD/CAD: Options Market Sheds CAD Bearish Bias
  109. AUD/USD: Sell The Rallies On Global Trade Concerns
  110. GBP/JPY Regains Footing After Slipping, Holding Onto The 150.00 Handle
  111. GBP/USD Bracing Against The 1.40 Wall With US NFP In The Barrel
  112. USD/JPY Shoots Higher During The Trading Session On Thursday
  113. EUR/USD falls on Thursday to Find Support
  114. EUR/JPY Has Been Dead Money For Four Weeks
  115. USD/JPY is Holding Steady Near Yesterday’s High
  116. GBP/USD Looking to Lift Further
  117. EURUSD pair sunk to the lows of its range
  118. USD/JPY Pair has Recovered from Monday’s Decline and Gearing Up
  119. AUD/USD keeps gains after the RBA rate decision
  120. GBP/USD: USA and China trade wars and risk aversion could hurt Pound, Keep Eyes on UK PMI
  121. EUR/USD fighting back from 1.23 ahead of EU PMIs for Tuesday
  122. USD/JPY: Relief rally gathers pace on bullish outside day, risk-on
  123. AUD/USD drops despite relief rally in Dalian iron ore futures
  124. EUR/USD: Bulls emboldened as trade war fears abate, upside bias strengthens
  125. EUR/USD geared up for a run at 1.2400
  126. GBP/USD: Focus on stocks
  127. USD/JPY’s drop below 105.00 hasn’t boosted demand for JPY calls
  128. AUD/JPY: Downside opening up towards 78.00 this week – Barclays
  129. GBP/USD: Upside bias intact, but trade confrontations could hurt Pound
  130. AUD/USD: Bulls eye 0.7750 as Trump tariffs exempt Australia
  131. NZD/USD ticks higher on broad-based USD selling
  132. EUR/USD grinding higher amid Dollar selling, trying to maintain 1.23
  133. EUR/USD: Stretched too thin above 1.23 ahead of EU PMIs?
  134. GBP/USD: options market has retraced major chunk of bearish bias
  135. USD/CAD options market sheds CAD bearish bias
  136. AUD/USD looking for the floor ahead of US PMIs
  137. EUR/USD: Focus on Fed’s dot plot and Powell presser
  138. GBP/USD: Unemployment, earnings to pop Sterling before Fed
  139. USD/JPY: On the rise, but 30-day MA hurdle is intact
  140. AUD/USD: holding just below 0.77 ahead of Fed
  141. GBP/JPY searching to regain 149.00 ahead of UK inflation data
  142. USD/JPY: Upside move gathers traction, tests 200-hour MA
  143. EUR/USD: German ZEW to provide a leg up ahead of FOMC?
  144. NZD/JPY losing grip, falling away from 77.00
  145. EUR/USD: Focus on diverging central bank expectations ahead of Fed
  146. USD/JPY risk reversals: Recent drop in spot has revived interest in JPY calls
  147. GBP/USD trying to keep it together ahead of UK inflation
  148. NZD/USD: Bearish bias in the options market strengthens ahead of the Fed
  149. NZD/USD recovers losses amid the risk-averse mood in stocks
  150. GBP/USD looking to mount 1.40 once again
  151. EUR/USD – Key trendline hurdle intact, focus on trade war talk & Fed
  152. AUD/USD lacking motivation in quiet Asia trading
  153. AUD/JPY – Corrective rally paused at key Fibonacci level
  154. USD/JPY reports losses as S&P 500 futures drop, Kuroda talks balance sheet taper
  155. NZD/USD spikes in Asia ahead of US Retail Sales
  156. EUR/USD – Bull case strengthens, eyes Draghi speech, US retail sales data
  157. EUR/USD – Focus on US inflation and yield differential
  158. USD/JPY is back above trendline hurdle, eyes US inflation
  159. EUR/JPY: Yen beginning to shake out ahead of the US inflation figures today
  160. NZD/USD risk reversals continue retracing put bias
  161. NZD/USD extending past 0.73 handle despite waning risk appetite
  162. EUR/USD could underperform, courtesy of dovish Draghi
  163. AUD/USD should struggle to retain the 0.78 handle – Westpac
  164. USD/CAD risk reversals maintain put bias
  165. USD/JPY sees little action after BOJ maintained status quo
  166. EUR/USD – yield differential hits new high & puts gain value ahead of US wage growth data
  167. GBP/USD heads into NFP Friday trying to catch a bid from 1.38
  168. NZD/USD is mildly bid as risk sentiment improves
  169. AUD/USD fails to catch a bid on strong China trade data
  170. EUR/USD – Bulls in control ahead of the ECB
  171. GBP/USD running out of steam trying for more above 1.39
  172. NZD/USD trying for 0.73 in Asia trading, but headwinds remain strong
  173. NZD/USD – resilient to risk-off in early Asia, yield differential rises in NZD-postive manner
  174. EUR/USD clocks two-week high, options regain bull bias
  175. GBP/USD looking to reclaim 1.39 handle in London session
  176. AUD/USD back up to 0.7800 in Asia session rebound
  177. GBP/USD inching towards 1.39, BOE’s Haldane to set the tone later
  178. EUR/JPY risk reversals show drop in value of bearish bets
  179. USD/JPY finds acceptance above 1H 100MA, focus on stocks
  180. AUD/NZD continues to consolidate on the heels of RBA rate hold
  181. NZD/USD sags as Caixin PMI slips, NZ Treasury highlights spare capacity
  182. EUR/USD bearish bets lose value despite prospects of hung parliament in Italy
  183. GBP/USD looks weaker than ever ahead of UK services PMI release
  184. USD/JPY erases gains as trade war fears weigh on risk sentiment
  185. AUD/JPY is mildly bid, but could register a 6th straight weekly loss
  186. AUD/USD revisits 100-day MA hurdle, is it a bull trap?
  187. USD/JPY’s decline from 107.68 to 106.00 has revived JPY call bias
  188. NZD/USD re-attempts 0.7200 post-upbeat China PMI
  189. USD/JPY – Downside bias strengthens ahead of Powell Round 2
  190. EUR/USD double top bearish reversal confirmed ahead of Powell’s Senate appearance
  191. GBP/USD: Further downside in play ahead of UK manufacturing PMI?
  192. AUD/JPY stumbles to 83.50 on China PMI miss
  193. NZD/USD – Off 19-day low, is a corrective rally on the cards?
  194. GBP/USD hoping to hold onto 1.39 ahead of EU CPI, US GDP
  195. EUR/USD risks double top bearish reversal on widening mon pol divergence
  196. USD/JPY flirts with 107.00 handle, risk reversals shed JPY call bias
  197. AUD/USD risk reversals retrace downside bias
  198. GBP/USD: 1.40 in reach as Powell testimony looms
  199. EUR/USD in consolidation mode, eyes German CPI & Powell testimony
  200. NZD/USD claims the 0.73 handle in Tokyo
  201. AUD/JPY revisits 1H 50MA on Yen demand, Kuroda loses his mojo
  202. EUR/USD – Focus on Italy-German yield spread and Powell testimony
  203. GBPUSD looks to extend gains above 1.4000, Fed’s Powell eyed
  204. AUD/USD – Yield spread drops in the AUD-negative manner
  205. NZD/USD turns lower despite NZ retail sales beat, approaching 0.73
  206. EUR/USD – Monetary pol divergence favors deeper correction
  207. GBP/JPY consolidating on the low side heading into Europe markets
  208. USD/JPY drops below 1H 200-MA on rising yield-led risk aversion
  209. EUR/USD – Down 2% from recent highs, but long-run bull outlook intact
  210. AUD/USD finds no love as yield spread turns negative
  211. GBP/USD drooping under the weight of Brexit fears ahead of UK GDP figures
  212. AUD/USD falls back down following construction data disappointment
  213. USD/JPY rally gathers traction on higher yields
  214. EUR/USD – Short-term bear reversal sighted ahead of EZ PMIs
  215. GBP/USD staying afloat ahead of unemployment, earnings data
  216. AUD/USD finds bids sub-0.7900, RBA minutes, firmer DXY still weigh
  217. GBP/USD: Bears target 1.3900, Brexit jitters back in play?
  218. EUR/USD slinking towards 1.23 ahead of SPD vote, EU ZEW figures
  219. USD/JPY grinding towards 107.00 handle on Dollar boost, Trump tweets
  220. USD/JPY – stuck in a 40-pips range
  221. AUD/USD risk reversals retrace bearish bias
  222. GBP/USD: Lack of EU-Brexit deal could threaten Sterling bull run
  223. GBP/JPY looking to claim the 149.30 handle in Tokyo market
  224. AUD/USD bidding higher in Asia trading, pushing into 0.7955
  225. EUR/USD clocks fresh 3-year high in Asia
  226. GBP/USD looks to continue run to 1.4344, eyes on UK retail sales
  227. USD/JPY headed to 105.50, stops triggered on a breach of 106.00
  228. USD/JPY – Aso’s comments kill the technical recovery
  229. NZD/USD jumps to two-week highs near 0.74
  230. GBP/USD – Bullish outside day, focus on the Yen
  231. EUR/USD: Continuing next leg up, looking for 1.2535
  232. NZD/USD takes a ride on a strong bid following an upside beat to inflation expectations
  233. USD/JPY drops in tandem with Nikkei, weakest since Nov 2016
  234. EUR/USD catches fresh bids on notable USD supply, nears 1.2400
  235. GBP/USD pushing up ahead of EU GDP release, looking for 1.3980
  236. GBP/JPY lacking direction, UK CPI data on the docket for today
  237. NZD/USD flatlined despite golden cross as investors await inflation figures
  238. EUR/USD trying to break resistance to challenge 1.2350
  239. GBP/USD – Inside day at 61.8% Fib, eyes UK CPI
  240. GBP/USD poised to continue bull-run after declining into long-term support
  241. EUR/USD: Euro still has some room to rally – SG
  242. USD/JPY trims early losses as S&P 500 futures inch higher
  243. NZD/USD creeping higher in thin markets on data beat, low volumes
  244. AUD/USD risk reversals – Demand for puts continues to rise
  245. GBP/USD – Focus on UK manufacturing and trade data
  246. EUR/USD still cautious in risk-averse environment, trying to slow decline
  247. NZD/USD risk reversals – Bearish bets rise
  248. AUD/USD is not impressed by a rise in China’s iron ore imports
  249. EUR/USD looking for a foothold ahead of German trade data, UK Super Thursday
  250. USD/JPY – Upside capped by drop in S&P 500 futures
  251. EUR/GBP taking a breather before European markets, UK shakeup
  252. NZD/USD drifting in Tokyo after jobs data beat, trading near 0.7330
  253. GBP/USD – Off 3-week low, but not out of the woods yet
  254. USD/JPY falls back to 4H 50-MA as S&P 500 futures drop 0.6%
  255. EUR/USD straining for a bullish continuation, 1.2500 still within grasp
  256. AUD/USD hits fresh 3.5 week low on dismal Aussie data
  257. USD/JPY feels the gravitational pull, hits 5-day low as S&P 500 futures drop 1.7%
  258. EUR/JPY gives up in Tokyo trading, breaks down below 134.50
  259. EUR/USD – Put bias strengthens, focus on EUR/JPY
  260. AUD/JPY – Range trading continues
  261. USD/JPY rises to 109.40, eyes break above post-Fed highs
  262. GBP/USD – Neutral bias in options market ahead of UK Mfg. PMI
  263. EUR/USD headed back to 1.2450, EZ PMIs in the pipe
  264. NZD/USD off 0.7365 session highs following Chinese PMI disappointment
  265. AUD/USD hit fresh session low, tests 1-hr 200-MA
  266. GBP/USD – Risk reversals adopt a bearish bias despite bullish outside day
  267. EUR/USD continues gains, looking to 1.2500 ahead of EZ CPI
  268. GBP/USD – low odds of further near-term GBP gains?
  269. USD/JPY rises above 109.00 as 10-yr UST yield clocks fresh 45-month high
  270. EUR/USD: 1.2400 still on sight ahead EZ GDP, German CPI?
  271. AUD/USD sold-off into USD demand, still within range near 0.8080
  272. NZD/USD – Corrective move on cards?
  273. AUD/USD headed back to 0.8060 support on USD rebound?
  274. EUR/USD – Call demand drops, rally done for now?
  275. USD/JPY risk reversals hit 3.5 month low, yield spread nears 8-year high
  276. USD/JPY back in no man’s land after a turbulent NY session
  277. AUD/USD defends 0.80 in Asia, but is short-term top in place?
  278. EUR/JPY – Germany-Japan yield differential favors a bullish move
  279. GBP/USD – Focus on growth differential
  280. AUD/USD rallies hard to test 0.8100 on aggressive USD selling
  281. USD/JPY risk reversals drop to lowest since Oct. 17
  282. NZD/USD ignores bearish pinbar, regains poise as USD weakness persists
  283. GBP/USD: Bulls unstoppable, 1.4300 tested
  284. GBP/USD rises above 1.40 for the first since post-Brexit vote
  285. EUR/USD: 1.2275 – a tough nut to crack ahead of German ZEW?
  286. AUD/USD revisits sub-0.80 levels
  287. USD/JPY drops 30 pips after BOJ keeps rates and price outlook unchanged
  288. USD/JPY: bearish below 100-D SMA ahead of BoJ this week
  289. AUD/USD: probing 0.80 last week – Westpac
  290. EUR/USD: US government shut down, ECB, where now from here?
  291. NZD/USD – Meaningful correction ahead?
  292. NZD/USD stuck at 0.73 for a fifth consecutive session
  293. GBP/USD: Will it regain 1.3950 on UK retail sales?
  294. EUR/USD – Uptrend on hold amid rising T-yields
  295. USD/JPY struggles to keep 111 handle, despite higher T-yields
  296. AUD/JPY – Offered above key Fib, turns negative after Aussie jobs data
  297. USD/JPY – Recovery stalls at 38.2% Fib hurdle, yield differential at 1-month high
  298. EUR/USD: Will buyers regain control above 1.2200?
  299. GBP/USD – Rising risk reversals contradict widening 10Y US-UK yield spread
  300. GBP/USD rejected at 1.3835, surrenders 1.3800
  301. EUR/USD fades spike to 3-year high after inside day doji candle
  302. USD/JPY – Risk reversals hit 8-week low
  303. USD/JPY: Buy the dips – Deutsche Securities
  304. NZD/USD on a corrective slide near 0.7300 ahead of NZ GDT
  305. EUR/JPY peeps above 136.00, yield differential supports gains
  306. GBP/USD – Risk reversals rise, but resistance at 1.3836 could hold on Brexit concerns
  307. EUR/USD: Volatile within range sub-1.2300 ahead of German data
  308. GBP/USD – 1.39 on the cards?
  309. EUR/USD in bullish consolidation near 1.2200 ahead of EZ data
  310. USD/JPY hits 4-month low, correlation with T-yields breaks down?
  311. NZD/USD on its way to 0.7300, highest since Sept 2017
  312. AUD/JPY ended a three-day losing streak, defends 23.6% Fib
  313. EUR/USD clocks 7-day high above 1.2060
  314. EUR/USD – Risk reversals hit 10-day high
  315. NZD/USD supported at 0.7250 on better China trade
  316. Online Trading
  317. EUR/USD headed back to 1.2000 ahead of EZ data, ECB minutes?
  318. GBP/JPY defends key support, risk reversals hit one-month low
  319. GBP/USD – Yield spread may rise in a GBP-negative manner on Brexit fears
  320. USD/JPY: Yen slips as BOJ JGBs buying steadies, eyes 200-DMA
  321. NZD/USD: Recovery mode intact post-China prices
  322. EUR/JPY has a quick look at sub-134.00 levels
  323. EUR/USD – 10Y US-German spread widens, bearish chart posture
  324. USD/JPY hits fresh 5-day lows near 112.20, what’s’ next?
  325. USD/JPY: downside open to 112.10?
  326. AUD/USD cheers Aus building approvals a huge beat, nears 0.7875
  327. USD/JPY erodes 70-pips rapidly to test 112.50 as BoJ’s trims JGBs
  328. EUR/USD: Corrective slide to resume below 1.1950?
  329. AUD/USD bulls committed towards 0.79 with bullish technicals
  330. NZD/USD headed back towards 0.7200 on notable USD supply
  331. EUR/USD: Will it regain 1.2050 ahead of EZ Sentix?
  332. GBP/USD looks to test 1.3550, Brexit jitters back in play?
  333. USD/JPY encounters solid offers near 113.00 ahead of US NFP
  334. AUD/USD sees setback on downbeat Australian trade figures
  335. GBP/USD: Further upside still in play ahead of US NFP?
  336. EUR/USD: Bullish consolidation to extend ahead of EZ CPI
  337. GBP/USD: Recovery to gain traction above 1.3530, awaits UK PMI
  338. AUD/USD holds steady above 0.78, undeterred by Fed minutes
Jun 19, 2018
  1. Gold fell to lowest level since Dec. 26, calls lose value
  2. AUD/USD testing new lows, 0.7400 remains in sight
  3. USD/JPY digs into 110.50 on surprise Japan trade balance
  4. GBP/USD lacking the momentum to recover to 1.34
  5. Trade and political concerns are back in fashion
  6. Gold: Above $1,300, but bull breakout remains elusive
  7. AUD/USD hit one-month low after bear flag breakdown
  8. Forex Today: BOJ drifts further from its peers, Yen on the defensive
  9. GBP/USD looking for a foothold from 1.3250 following Thursday’s bearish overture
  10. EUR/USD faces worst weekly loss since November 2016, creates bearish outside-week candle
  11. Gold is teasing bull breakout after bullish outside-day candle
  12. AUD/USD targeting post-FOMC lows at 0.7530 on bad Australian and China data
  13. USD/JPY falls back to 200-day MA support despite hawkish Fed
  14. GBP/USD trying to grind its way back to 1.34 ahead of Thursday’s UK and US Retail Sales double-header
  15. EUR/USD is mildly bid despite hawkish Fed, Eyes ECB
  16. Gold Technical Analysis: Bearish continuation pattern sighted
  17. AUD/USD hit 12-day low on dovish RBA Lowe’s comments
  18. USD/JPY: well based above the 200-D SMA, the quiet before the FOMC storm
  19. GBP/USD stumbles back from 1.34 once again as bullish momentum evaporates
  20. EUR/USD: Put value hits 13-day high ahead of Fed and ECB event
  21. Gold continues to struggle with $1,300 as key barrier holds action in place
  22. AUD/USD gets a lift from an uptick in AUD/JPY, weak NAB data ignored
  23. USD/JPY trims gains, but holds above 200-day MA amid US-North Korea Summit
  24. GBP/USD fumbles the 1.34 handle as UK Average Earnings close in
  25. EUR/USD Technical Analysis: bulls scrambling to recover from trendline break
  26. Gold holds weaker below $1300 mark, focus shifts to Trump-Kim meeting and FOMC
  27. USD/JPY bulls looking to build on momentum beyond 110.00 mark
  28. GBP/USD a test of 1.35/1.36 remains on the cards – Commerzbank
  29. EUR futures: cautious ahead of key week
  30. USD/CAD risk reversals retrace CAD bearish bias
  31. GBP/USD Stalling out near 1.34 as Brexit talks continue to yield little progress
  32. EUR/USD: Yield differential favors bulls, but caution ahead of G7 could cap gains
  33. Gold: Break above 20-day MA remains elusive
  34. AUD/USD put premium is on the decline
  35. GBP/USD spinning in place near 1.34 as Thursday sees little impact ahead of US jobless claims
  36. EUR/USD: Upbeat Eurozone GDP would add credence to the hawkish ECB rhetoric
  37. Gold: 20-day MA is a tough nut to crack
  38. AUD/USD takes a big step upward on Aussie GDP beat
  39. USD/JPY: JPY call demand drops, signals fading prospects of deeper sell-off
  40. GBP/USD reclaims 1.34 ahead of quiet Wednesday with US Trade Balance in the pipe
  41. EUR/USD: Put premium drops sharply on ECB QE exit talk, Italy relief
  42. Gold: Flatlined at $1,292/Oz, risk reversals roll over in favor of the bears
  43. AUD/USD flatlines in Tuesday’s Asia session as China data fails to impress
  44. GBP/USD pinned to 1.33 on fresh Brexit concerns, technical correction already running out of steam
  45. EUR/USD: Break above 1.17 remains elusive, death cross on cards
  46. Gold will start to rebound in Q4 2018 – TDS
  47. GBP/USD seeking 1.34 ahead of UK’s PMI figures for Monday
  48. EUR/USD: Signs of bearish exhaustion, trade tensions and political uncertainty lingers
  49. AUD/USD sees little action after China PMI release
  50. USD/JPY moved above 109.00 even though BOJ trimmed JGB purchases
  51. GBP/USD slips away from 1.33 as markets recoil on trade war rhetoric
  52. EUR/USD: On the defensive despite the corrective rally, focus on US wage growth numbers
  53. Gold climbs back closer to 200-DMA on weaker USD
  54. AUD/USD off lows, finds support near mid-0.7500s
  55. USD/JPY trims losses, revisits 200-hour MA
  56. GBP/USD creeps back into 1.33 as risk recovery drags the GBP along for the ride
  57. When are the Eurozone flash CPIs and how could they affect EUR/USD?
  58. Gold struggles to scale $1,300 mark despite risk aversion
  59. USD/JPY trims losses, 10-year treasury yield rises by 5 basis points
  60. Japan: Industrial production likely to rise in April – Nomura
  61. EUR/USD: Market most oversold since 2015, eyes Italian yields and German CPI
  62. GBP/USD sticking to lows as the UK wraps up a long weekend
  63. EUR/USD scope for a rebound near term – Commerzbank
  64. AUD/USD Pair Extended Its Corrective Slide From Five-Week Tops
  65. USD/JPY Is Reaching Higher In Asia Trading
  66. GBP/USD Is Trading On The Bottom Heading Into The European Markets
  67. EUR/USD Created a Bearish Outside-Day Candle
  68. EUR/USD up smalls around 1.2380, US data on sight
  69. USD/CAD starting to drift from the top, falling towards 1.26
  70. GBP/USD sitting quietly at 1.42, lacking motivation ahead of UK retail sales
  71. NZD/USD: Bulls attempting another run towards 0.7350
  72. GBP/USD: Cautiously bullish, eyes UK CPI
  73. EUR/USD fighting to stay upright, 1.24 looking distant ahead of EU CPI
  74. AUD/USD: shorts exposed to positive Aussie labor data
  75. EUR/JPY trying for 133.00 as EU CPIs loom
  76. EUR/USD firmer near 1.2400 ahead of ZEW
  77. USD/JPY testing the 107.00 handle’s strength, dipping on mixed data
  78. EUR/USD on solid ground as US Y-yield curve hits fresh 10.5-year low
  79. AUD/USD continuing to drop following RBA minutes, China GDP
  80. GBP/USD keeps looking to 1.4345 – Danske Bank
  81. AUD/USD turns negative near 0.7760, eyes on US data, China GDP
  82. USD/CHF faces strong resistance near 0.9658 – Commerzbank
  83. USD/JPY weaker around 107.20, US data eyed
  84. AUD/USD freezes on China Trade Balance miss
  85. GBP/USD: Bullish outside day, eyes Brexit trade talks
  86. EUR/USD trying to hang on to 1.23 ahead of German CPI
  87. NZD/USD risk reversals: Bearish bias weakest since early February
  88. AUD/USD falls back into 0.7750 as inflation expectations, home investments fumble
  89. EUR/USD: ECB minutes could make or break the EUR
  90. GBP/USD struggling to get a grip on 1.42 ahead of Carney’s speech
  91. USD/JPY struggling to build momentum as Middle East tensions weigh
  92. EUR/USD Flirting with 1.24 Resistance
  93. Mid Day Analysis – US Dollar bounces off lows post-CPI
  94. EUR/USD Reaching For 1.24 Ahead Of Draghi’s Speech
  95. USD/JPY Defends 107.00
  96. AUD/USD Drops Into 0.7750 Ahead Of RBA Lowe Speech
  97. GBP/USD Eyes 200-Week MA Hurdle, Focus On UK Trade And Manufacturing Data
  98. EUR/JPY Peeps Above 132.00 On China Xi’s Pro Globalization Plan
  99. AUD/USD Catches A Lift
  100. USD/JPY above 107.00, S&P 500 futures rise on China President Xi’s
  101. Gbp/Usd Poised For Further Gains From 1.41 If Sentiment Holds
  102. EUR/USD Boosted by Euro Strength
  103. USD/JPY Eakes an Early Play for 107.00
  104. EUR/USD: Bull Hammer Ahead of Key Event Risks This Week
  105. NZD/USD Peeps Above 55-day MA Hurdle
  106. AUD/USD Pushing Higher But Running Out Of Momentum
  107. GBPUSD Set To Remain Well Bid
  108. USD/CAD: Options Market Sheds CAD Bearish Bias
  109. AUD/USD: Sell The Rallies On Global Trade Concerns
  110. GBP/JPY Regains Footing After Slipping, Holding Onto The 150.00 Handle
  111. GBP/USD Bracing Against The 1.40 Wall With US NFP In The Barrel
  112. USD/JPY Shoots Higher During The Trading Session On Thursday
  113. EUR/USD falls on Thursday to Find Support
  114. EUR/JPY Has Been Dead Money For Four Weeks
  115. USD/JPY is Holding Steady Near Yesterday’s High
  116. GBP/USD Looking to Lift Further
  117. EURUSD pair sunk to the lows of its range
  118. USD/JPY Pair has Recovered from Monday’s Decline and Gearing Up
  119. AUD/USD keeps gains after the RBA rate decision
  120. GBP/USD: USA and China trade wars and risk aversion could hurt Pound, Keep Eyes on UK PMI
  121. EUR/USD fighting back from 1.23 ahead of EU PMIs for Tuesday
  122. USD/JPY: Relief rally gathers pace on bullish outside day, risk-on
  123. AUD/USD drops despite relief rally in Dalian iron ore futures
  124. EUR/USD: Bulls emboldened as trade war fears abate, upside bias strengthens
  125. EUR/USD geared up for a run at 1.2400
  126. GBP/USD: Focus on stocks
  127. USD/JPY’s drop below 105.00 hasn’t boosted demand for JPY calls
  128. AUD/JPY: Downside opening up towards 78.00 this week – Barclays
  129. GBP/USD: Upside bias intact, but trade confrontations could hurt Pound
  130. AUD/USD: Bulls eye 0.7750 as Trump tariffs exempt Australia
  131. NZD/USD ticks higher on broad-based USD selling
  132. EUR/USD grinding higher amid Dollar selling, trying to maintain 1.23
  133. EUR/USD: Stretched too thin above 1.23 ahead of EU PMIs?
  134. GBP/USD: options market has retraced major chunk of bearish bias
  135. USD/CAD options market sheds CAD bearish bias
  136. AUD/USD looking for the floor ahead of US PMIs
  137. EUR/USD: Focus on Fed’s dot plot and Powell presser
  138. GBP/USD: Unemployment, earnings to pop Sterling before Fed
  139. USD/JPY: On the rise, but 30-day MA hurdle is intact
  140. AUD/USD: holding just below 0.77 ahead of Fed
  141. GBP/JPY searching to regain 149.00 ahead of UK inflation data
  142. USD/JPY: Upside move gathers traction, tests 200-hour MA
  143. EUR/USD: German ZEW to provide a leg up ahead of FOMC?
  144. NZD/JPY losing grip, falling away from 77.00
  145. EUR/USD: Focus on diverging central bank expectations ahead of Fed
  146. USD/JPY risk reversals: Recent drop in spot has revived interest in JPY calls
  147. GBP/USD trying to keep it together ahead of UK inflation
  148. NZD/USD: Bearish bias in the options market strengthens ahead of the Fed
  149. NZD/USD recovers losses amid the risk-averse mood in stocks
  150. GBP/USD looking to mount 1.40 once again
  151. EUR/USD – Key trendline hurdle intact, focus on trade war talk & Fed
  152. AUD/USD lacking motivation in quiet Asia trading
  153. AUD/JPY – Corrective rally paused at key Fibonacci level
  154. USD/JPY reports losses as S&P 500 futures drop, Kuroda talks balance sheet taper
  155. NZD/USD spikes in Asia ahead of US Retail Sales
  156. EUR/USD – Bull case strengthens, eyes Draghi speech, US retail sales data
  157. EUR/USD – Focus on US inflation and yield differential
  158. USD/JPY is back above trendline hurdle, eyes US inflation
  159. EUR/JPY: Yen beginning to shake out ahead of the US inflation figures today
  160. NZD/USD risk reversals continue retracing put bias
  161. NZD/USD extending past 0.73 handle despite waning risk appetite
  162. EUR/USD could underperform, courtesy of dovish Draghi
  163. AUD/USD should struggle to retain the 0.78 handle – Westpac
  164. USD/CAD risk reversals maintain put bias
  165. USD/JPY sees little action after BOJ maintained status quo
  166. EUR/USD – yield differential hits new high & puts gain value ahead of US wage growth data
  167. GBP/USD heads into NFP Friday trying to catch a bid from 1.38
  168. NZD/USD is mildly bid as risk sentiment improves
  169. AUD/USD fails to catch a bid on strong China trade data
  170. EUR/USD – Bulls in control ahead of the ECB
  171. GBP/USD running out of steam trying for more above 1.39
  172. NZD/USD trying for 0.73 in Asia trading, but headwinds remain strong
  173. NZD/USD – resilient to risk-off in early Asia, yield differential rises in NZD-postive manner
  174. EUR/USD clocks two-week high, options regain bull bias
  175. GBP/USD looking to reclaim 1.39 handle in London session
  176. AUD/USD back up to 0.7800 in Asia session rebound
  177. GBP/USD inching towards 1.39, BOE’s Haldane to set the tone later
  178. EUR/JPY risk reversals show drop in value of bearish bets
  179. USD/JPY finds acceptance above 1H 100MA, focus on stocks
  180. AUD/NZD continues to consolidate on the heels of RBA rate hold
  181. NZD/USD sags as Caixin PMI slips, NZ Treasury highlights spare capacity
  182. EUR/USD bearish bets lose value despite prospects of hung parliament in Italy
  183. GBP/USD looks weaker than ever ahead of UK services PMI release
  184. USD/JPY erases gains as trade war fears weigh on risk sentiment
  185. AUD/JPY is mildly bid, but could register a 6th straight weekly loss
  186. AUD/USD revisits 100-day MA hurdle, is it a bull trap?
  187. USD/JPY’s decline from 107.68 to 106.00 has revived JPY call bias
  188. NZD/USD re-attempts 0.7200 post-upbeat China PMI
  189. USD/JPY – Downside bias strengthens ahead of Powell Round 2
  190. EUR/USD double top bearish reversal confirmed ahead of Powell’s Senate appearance
  191. GBP/USD: Further downside in play ahead of UK manufacturing PMI?
  192. AUD/JPY stumbles to 83.50 on China PMI miss
  193. NZD/USD – Off 19-day low, is a corrective rally on the cards?
  194. GBP/USD hoping to hold onto 1.39 ahead of EU CPI, US GDP
  195. EUR/USD risks double top bearish reversal on widening mon pol divergence
  196. USD/JPY flirts with 107.00 handle, risk reversals shed JPY call bias
  197. AUD/USD risk reversals retrace downside bias
  198. GBP/USD: 1.40 in reach as Powell testimony looms
  199. EUR/USD in consolidation mode, eyes German CPI & Powell testimony
  200. NZD/USD claims the 0.73 handle in Tokyo
  201. AUD/JPY revisits 1H 50MA on Yen demand, Kuroda loses his mojo
  202. EUR/USD – Focus on Italy-German yield spread and Powell testimony
  203. GBPUSD looks to extend gains above 1.4000, Fed’s Powell eyed
  204. AUD/USD – Yield spread drops in the AUD-negative manner
  205. NZD/USD turns lower despite NZ retail sales beat, approaching 0.73
  206. EUR/USD – Monetary pol divergence favors deeper correction
  207. GBP/JPY consolidating on the low side heading into Europe markets
  208. USD/JPY drops below 1H 200-MA on rising yield-led risk aversion
  209. EUR/USD – Down 2% from recent highs, but long-run bull outlook intact
  210. AUD/USD finds no love as yield spread turns negative
  211. GBP/USD drooping under the weight of Brexit fears ahead of UK GDP figures
  212. AUD/USD falls back down following construction data disappointment
  213. USD/JPY rally gathers traction on higher yields
  214. EUR/USD – Short-term bear reversal sighted ahead of EZ PMIs
  215. GBP/USD staying afloat ahead of unemployment, earnings data
  216. AUD/USD finds bids sub-0.7900, RBA minutes, firmer DXY still weigh
  217. GBP/USD: Bears target 1.3900, Brexit jitters back in play?
  218. EUR/USD slinking towards 1.23 ahead of SPD vote, EU ZEW figures
  219. USD/JPY grinding towards 107.00 handle on Dollar boost, Trump tweets
  220. USD/JPY – stuck in a 40-pips range
  221. AUD/USD risk reversals retrace bearish bias
  222. GBP/USD: Lack of EU-Brexit deal could threaten Sterling bull run
  223. GBP/JPY looking to claim the 149.30 handle in Tokyo market
  224. AUD/USD bidding higher in Asia trading, pushing into 0.7955
  225. EUR/USD clocks fresh 3-year high in Asia
  226. GBP/USD looks to continue run to 1.4344, eyes on UK retail sales
  227. USD/JPY headed to 105.50, stops triggered on a breach of 106.00
  228. USD/JPY – Aso’s comments kill the technical recovery
  229. NZD/USD jumps to two-week highs near 0.74
  230. GBP/USD – Bullish outside day, focus on the Yen
  231. EUR/USD: Continuing next leg up, looking for 1.2535
  232. NZD/USD takes a ride on a strong bid following an upside beat to inflation expectations
  233. USD/JPY drops in tandem with Nikkei, weakest since Nov 2016
  234. EUR/USD catches fresh bids on notable USD supply, nears 1.2400
  235. GBP/USD pushing up ahead of EU GDP release, looking for 1.3980
  236. GBP/JPY lacking direction, UK CPI data on the docket for today
  237. NZD/USD flatlined despite golden cross as investors await inflation figures
  238. EUR/USD trying to break resistance to challenge 1.2350
  239. GBP/USD – Inside day at 61.8% Fib, eyes UK CPI
  240. GBP/USD poised to continue bull-run after declining into long-term support
  241. EUR/USD: Euro still has some room to rally – SG
  242. USD/JPY trims early losses as S&P 500 futures inch higher
  243. NZD/USD creeping higher in thin markets on data beat, low volumes
  244. AUD/USD risk reversals – Demand for puts continues to rise
  245. GBP/USD – Focus on UK manufacturing and trade data
  246. EUR/USD still cautious in risk-averse environment, trying to slow decline
  247. NZD/USD risk reversals – Bearish bets rise
  248. AUD/USD is not impressed by a rise in China’s iron ore imports
  249. EUR/USD looking for a foothold ahead of German trade data, UK Super Thursday
  250. USD/JPY – Upside capped by drop in S&P 500 futures
  251. EUR/GBP taking a breather before European markets, UK shakeup
  252. NZD/USD drifting in Tokyo after jobs data beat, trading near 0.7330
  253. GBP/USD – Off 3-week low, but not out of the woods yet
  254. USD/JPY falls back to 4H 50-MA as S&P 500 futures drop 0.6%
  255. EUR/USD straining for a bullish continuation, 1.2500 still within grasp
  256. AUD/USD hits fresh 3.5 week low on dismal Aussie data
  257. USD/JPY feels the gravitational pull, hits 5-day low as S&P 500 futures drop 1.7%
  258. EUR/JPY gives up in Tokyo trading, breaks down below 134.50
  259. EUR/USD – Put bias strengthens, focus on EUR/JPY
  260. AUD/JPY – Range trading continues
  261. USD/JPY rises to 109.40, eyes break above post-Fed highs
  262. GBP/USD – Neutral bias in options market ahead of UK Mfg. PMI
  263. EUR/USD headed back to 1.2450, EZ PMIs in the pipe
  264. NZD/USD off 0.7365 session highs following Chinese PMI disappointment
  265. AUD/USD hit fresh session low, tests 1-hr 200-MA
  266. GBP/USD – Risk reversals adopt a bearish bias despite bullish outside day
  267. EUR/USD continues gains, looking to 1.2500 ahead of EZ CPI
  268. GBP/USD – low odds of further near-term GBP gains?
  269. USD/JPY rises above 109.00 as 10-yr UST yield clocks fresh 45-month high
  270. EUR/USD: 1.2400 still on sight ahead EZ GDP, German CPI?
  271. AUD/USD sold-off into USD demand, still within range near 0.8080
  272. NZD/USD – Corrective move on cards?
  273. AUD/USD headed back to 0.8060 support on USD rebound?
  274. EUR/USD – Call demand drops, rally done for now?
  275. USD/JPY risk reversals hit 3.5 month low, yield spread nears 8-year high
  276. USD/JPY back in no man’s land after a turbulent NY session
  277. AUD/USD defends 0.80 in Asia, but is short-term top in place?
  278. EUR/JPY – Germany-Japan yield differential favors a bullish move
  279. GBP/USD – Focus on growth differential
  280. AUD/USD rallies hard to test 0.8100 on aggressive USD selling
  281. USD/JPY risk reversals drop to lowest since Oct. 17
  282. NZD/USD ignores bearish pinbar, regains poise as USD weakness persists
  283. GBP/USD: Bulls unstoppable, 1.4300 tested
  284. GBP/USD rises above 1.40 for the first since post-Brexit vote
  285. EUR/USD: 1.2275 – a tough nut to crack ahead of German ZEW?
  286. AUD/USD revisits sub-0.80 levels
  287. USD/JPY drops 30 pips after BOJ keeps rates and price outlook unchanged
  288. USD/JPY: bearish below 100-D SMA ahead of BoJ this week
  289. AUD/USD: probing 0.80 last week – Westpac
  290. EUR/USD: US government shut down, ECB, where now from here?
  291. NZD/USD – Meaningful correction ahead?
  292. NZD/USD stuck at 0.73 for a fifth consecutive session
  293. GBP/USD: Will it regain 1.3950 on UK retail sales?
  294. EUR/USD – Uptrend on hold amid rising T-yields
  295. USD/JPY struggles to keep 111 handle, despite higher T-yields
  296. AUD/JPY – Offered above key Fib, turns negative after Aussie jobs data
  297. USD/JPY – Recovery stalls at 38.2% Fib hurdle, yield differential at 1-month high
  298. EUR/USD: Will buyers regain control above 1.2200?
  299. GBP/USD – Rising risk reversals contradict widening 10Y US-UK yield spread
  300. GBP/USD rejected at 1.3835, surrenders 1.3800
  301. EUR/USD fades spike to 3-year high after inside day doji candle
  302. USD/JPY – Risk reversals hit 8-week low
  303. USD/JPY: Buy the dips – Deutsche Securities
  304. NZD/USD on a corrective slide near 0.7300 ahead of NZ GDT
  305. EUR/JPY peeps above 136.00, yield differential supports gains
  306. GBP/USD – Risk reversals rise, but resistance at 1.3836 could hold on Brexit concerns
  307. EUR/USD: Volatile within range sub-1.2300 ahead of German data
  308. GBP/USD – 1.39 on the cards?
  309. EUR/USD in bullish consolidation near 1.2200 ahead of EZ data
  310. USD/JPY hits 4-month low, correlation with T-yields breaks down?
  311. NZD/USD on its way to 0.7300, highest since Sept 2017
  312. AUD/JPY ended a three-day losing streak, defends 23.6% Fib
  313. EUR/USD clocks 7-day high above 1.2060
  314. EUR/USD – Risk reversals hit 10-day high
  315. NZD/USD supported at 0.7250 on better China trade
  316. Online Trading
  317. EUR/USD headed back to 1.2000 ahead of EZ data, ECB minutes?
  318. GBP/JPY defends key support, risk reversals hit one-month low
  319. GBP/USD – Yield spread may rise in a GBP-negative manner on Brexit fears
  320. USD/JPY: Yen slips as BOJ JGBs buying steadies, eyes 200-DMA
  321. NZD/USD: Recovery mode intact post-China prices
  322. EUR/JPY has a quick look at sub-134.00 levels
  323. EUR/USD – 10Y US-German spread widens, bearish chart posture
  324. USD/JPY hits fresh 5-day lows near 112.20, what’s’ next?
  325. USD/JPY: downside open to 112.10?
  326. AUD/USD cheers Aus building approvals a huge beat, nears 0.7875
  327. USD/JPY erodes 70-pips rapidly to test 112.50 as BoJ’s trims JGBs
  328. EUR/USD: Corrective slide to resume below 1.1950?
  329. AUD/USD bulls committed towards 0.79 with bullish technicals
  330. NZD/USD headed back towards 0.7200 on notable USD supply
  331. EUR/USD: Will it regain 1.2050 ahead of EZ Sentix?
  332. GBP/USD looks to test 1.3550, Brexit jitters back in play?
  333. USD/JPY encounters solid offers near 113.00 ahead of US NFP
  334. AUD/USD sees setback on downbeat Australian trade figures
  335. GBP/USD: Further upside still in play ahead of US NFP?
  336. EUR/USD: Bullish consolidation to extend ahead of EZ CPI
  337. GBP/USD: Recovery to gain traction above 1.3530, awaits UK PMI
  338. AUD/USD holds steady above 0.78, undeterred by Fed minutes
GBP/USD – Bullish outside day, focus on the Yen
  • Yesterday’s bullish outside day candle favors upside in GBP.
  • But, rising JPY could be an indication of impending risk aversion.
  • GBP ranks last on the list of anti-risk currencies.

The return of the “USD-dumping” theme post-US CPI release pushed GBP/USDabove 1.40 yesterday.

The price action engulfed previous day’s high-low, meaning the GBP/USD created a “bullish outside day candle” yesterday. This, coupled with a close above 1.3986 (38.2% Fib R of 1.4345-1.3765) has boosted expectations of further upside in the pair.

However, the momentum studies are biased bearish, i.e. the 10-day MA is still sloping downwards. Further, the Japanese Yen is driving the action in the FX markets. Yen caught a fresh bid in Asia after Japanese Finance Minister Asoplayed down the need for FX intervention. The resulting drop in USD/JPYhelped Cable hold above 1.40.

Moreover, the JPY continues to rise in the face of rising Treasury yields, suggesting the US yields could be rising for all wrong reasons (like fiscal profligacy). Also, it could be an advance indication that markets are heading towards another round of risk aversion (Yen is classic anti-risk currency).

In such a scenario, Cable could turn lower as the Pound ranks last on the list of anti-risk currencies, courtesy of Brexit uncertainty and domestic political chaos.

The UK economic calendar offers no first tier data releases today. Hence, the spot is at the mercy of the broader market sentiment and action in the Japanese Yen.

GBP/USD Technical Levels

Failure to hold above 1.3986 (38.2% Fib R of 1.4345-1.3765) would allow a re-test of downward sloping 10-day MA positioned at 3937 and 1.39 (psychological support). On the higher side, immediate resistance is seen at 1.4055 (50% Fib R of 1.4345-1.3765). A close higher could yield rally to 1.4124 (61.8% Fib R of 1.4345-1.3765) and 1.4167 (Jan. 30 high).

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