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AUD/JPY buyers stood their ground

The recent AUD/JPY decline has pushed the daily MACD line below zero.Momentum traders following this technical signal will now more confident that serious inroads to the AUD/JPY downside can be achieved. Long-term sellers should find comfort in the fact that this signal hasn’t occurred for more than three weeks on the daily charts.

USD/JPY lurched lower and hesitated

A harami cross pattern unfolded on the USD/JPY daily chart turning the intermediate trend from bearish to neutral.The pattern occurs within the context of deteriorating prices unfolding with the daily stochastic (14,3,3) tracking below 20. From here on, this oscillator could easily react with any future close near the highs, especially since yesterday’s trading range

The week closed with a Doji in USD/SGD

The emergence of a Southern doji pattern on the USD/SGD weekly chart suggests a certain degree of exhaustion in this market.ADX readings above 30 indicating a strong trend coupled with the RSI below 40% strengthen the argument a reversal from oversold territory is now likely.Southern doji candles are considered bullish especially when formed during a

Bitcoin at new all-time high above $3500

The BTC/USD pair continued to push higher on Friday, refreshing its record high at $3580 while gaining more than 4.5% on Friday. The pair was last seen trading at $3578. Moreover, the current market cap of bitcoin is now at $59.3 billion according to the latest available data on coinmarketcap.com. Although no clear catalysts were

Wall Street pares gains as geopolitical tension remains high

After starting the day on a high note, major equity indexes in the U.S. struggled to build on their gains as the escalating tension between North Korea and the United States forced investors to take some profits off the table heading into the weekend. Although today’s weaker-than-expected inflation growth data from the U.S. pushed the

EUR/USD heads for fifth positive weekly close as it sits comfortably above 1.18

The EUR/USD pair took advantage of the USD sell-off in the NA session on Friday and turned positive on the week above the 1.18 mark. As of writing, the pair was trading at 1.1825, gaining 55 pips, or 0.46%, on the day.  The initial reaction to the softer-than-expected CPI data from the U.S. pushed the

US Pres. Trump: Looking "very carefully" at military options against North Korea – BNO News

US President Donald Trump recently crossed the wires saying that they were looking “very carefully” at military options against North Korea, as reported by BNO News. Key quotes: What I said is what I mean… very easy to understand If N.Korean leader does anything regarding Guam or other Us territories, he will truly regret it

WTI settles near $49 after Baker Hughes rig count data

Crude oil prices gained traction in the late NA session with the barrel of West Texas Intermediate settling at $48.81, adding $0.22, or 0.45%, on the day. Today’s data released by Baker Hughes showed that the number of active U.S. oil rigs increased by 3 to reach a total of 768 this week. However, the

USD/MXN: Mexican peso rises to the highest in a week

The Mexican peso rose across the board on Friday and gained 1% versus the US dollar. The move takes place the day after the Bank of Mexico left interest rate unchanged at 7%, as expected.  “Banco de Mexico has likely ended its tightening cycle. After hiking at seven straight meetings, rates were kept steady for

Russia: GDP in Q2 accelerates to fastest pace in nearly four years – Wells Fargo

Analysts from Wells Fargo, expect the Russian economy to continue to improve through the end of 2018 as growth rebounds from the 2015-2016 recession. Key Quotes:  “Real GDP growth in Russia climbed to 2.5 percent on a year-ago basis, topping expectations and marking the first print above 1 percent since the oil price slide began

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Disclaimer
CFD and Fx trading can result in losses that exceed your deposits. Ensure you understand the risks.