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Falling wedge lures Mexican Peso bears, focus on 16.80
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USD/MXN portrays falling wedge bullish chart formation at the lowest levels since December 2015.…
Catch-up Gain in Value Sectors Overnight, Focus Remains on US Earnings: DJIA, NZD/USD,GBP/USD
Recommended by Jun Rong Yeap
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Market RecapBetter-than-expected earnings results from major US banks provided the go-ahead for the Wall Street rally to continue (DJIA +1.06%;…
XNG/USD struggles to defend bounce off 100-DMA near $2.60
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Natural Gas remains sidelined after rising the most in a week.
Bearish MACD signals, steady RSI…
New Zealand Dollar Soars as Inflation Beat Drives More RBNZ Tightening Bets
New Zealand Dollar, NZD/USD, CPI, RBNZ – Asia-Pacific Briefing:
Recommended by Daniel Dubrovsky
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The New Zealand Dollar climbed during early Wednesday Asia trade after unexpectedly…
Drops back to 100-SMA, weekly support despite softer New Zealand inflation
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AUD/NZD drops 40 pips even as New Zealand Q2 CPI defends RBNZ status quo.
New Zealand Q2 CPI eases…
Retail and Institutional Sentiment in EUR/USD and GBP/USD Diverges Further
Sentiment Analysis: GBP/USD, EUR/USDGBP/USD at extended levels: where to from here? EUR/USD showing signs of bullish fatigueInstitutional speculators and IG retail client sentiment at opposite ends of the positioning spectrumIG client…
Bears waiting to pounce in resistance
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EUR/USD bears are looking for a free lunch and low-hanging fruit.
EUR/USD is moving into a key…
USD/CAD Surrenders Post CPI Gains, Where to Next?
CANADA CPI KEY POINTS:
Recommended by Zain Vawda
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Canadian headline inflation YoY in June declined to 2.8% beating estimates of 3%. The drop in inflation was…
GBP/USD retreats below 1.3100 amid underwhelming US data
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GBP/USD struggles at 1.3100 and retreats as the United States (US) economy continued to show signs…
US Dollar Dancing on Horizontal Support ahead of Fed Decision Next Week
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US DOLLAR OUTLOOK:The U.S. dollar has fallen significantly in recent weeks, with the DXY index near yearly lows at the time of writingThe period of…