The 161.8% weekly Fibonacci extension area based on the US dollar’s gains in March last year remains the key technical…
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Weekly forex data: key inflation and trade releases
Balance of trade from both countries plus of course American core inflation are the key releases to watch this week….
Read MoreWeekly forex data: markets look ahead to the NFP
The golden cross of the 50 SMA over the 100 a fortnight ago came ahead of more gains, although price…
Read MoreWeekly forex data: oil in view ahead of the NFP
From a technical perspective, oil’s uptrend since last summer is clearly still active for now. Brent has failed to break…
Read MoreWeekly forex data: EMs in focus after lira’s tumble
From a technical point of view, gold’s downtrend is still active, with the 100 SMA having moved further below the…
Read MoreWeekly forex data: stimulus progress boosts markets
Tomorrow and early Wednesday are likely to be quite active for EURAUD between German trade data and consumer and business…
Read MoreWeekly forex data: stimulus still in view
The obvious pivot point on this chart is the 100% weekly Fibonacci retracement area, i.e. complete retracement of all the…
Read MoreWeekly forex data: inflation around the world
The downtrend for EURGBP continues to be very strong from a technical perspective, with clearer spaces forming between the 50,…
Read MoreWeekly forex data: focus on inflation
From a technical perspective, the uptrend still seems to be active on this timeframe: there has been no clear breach…
Read MoreWeekly forex data: central banks, trade and the NFP
There seems to be more room for gains here by the US dollar from a technical point of view. Moving…
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