In FX – No Place to Hide

Market Drivers December 10, 2018 EU Reverses anti-dollar flows UK data misses across the board Nikkei -2.12% Dax -0.68% Oil $52/bbl Gold $1246/oz. Europe and Asia: GBP UK Trade -11.8B vs. -10.5B GBP UK MP -1.0% vs.0.0% GBP...

Trading Support and Resistance – 09 December 2018

This week we'll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the...

Envoy: Trading in Nat’l Currencies Needed to Counter US Sanctions

"Currently 25 percent of trade exchanges between the two countries are being conducted in rial and ruble and this trend will continue," Dzhagaryan said. He pointed to devising Special-Purpose Vehicle...

Weekly Forex Forecast – 09 December 2018

NZD/USD The New Zealand dollar rallied significantly during the week, but then turned around of form a nasty looking shooting star. The 50% Fibonacci retracement level has offered significant resistance,...

EU After Euro-Based Oil Transactions With World

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi made the remarks on Thursday, referring to his last week negotiations with European officials, quoting an unnamed...

EUR/USD Daily EW View…

EUR/USD having trouble at 1.1420...cautiously optimistic despite the resistance....

Dollar Struggles On Fed Pause Talk Ahead Of Jobs Data

Dollar The dollar struggled to recover in Asian trade on Friday, hobbled by fresh speculation that a widely expected rate hike later this month could be the last before Federal...

Economic Data Calls for 12.10.2018

Here’s what we are looking for in tomorrow’s economic reports (Dec 10, 2018) — Good Luck Trading! 1. German Trade Balance (02:00 NY Time) Bearish EUR -- Potential for downside...

US Dollar Hit by Convergence of Negative News

A convergence of bad news sent equities and currencies tumbling lower. U.S. assets were hit the hardest today with USD/JPY falling to a fresh one month low and the...

USD/CAD 240-Min View…Whacked, But Maybe S/T Short Setup?

CAD getting whacked as we know. BOC adding to woes. But, an equality target extension today...short-term short? Hmm...

EUR/USD 30-Min Setup….Hmmm…

EUR/USD 30-min: Daily trend still down...but maybe a minor impulse setup to push the pair above 1.1420 resistance...confidence in this market is moderate at best.

Gold Prices Slip On Profit Taking – 06 December 2018

Gold prices fell $2.49 an ounce on Wednesday as investors took profits from a recent rally to a five-week high. XAU/USD initially headed lower, but found support above the...