What is a predictable currency pair? This is a pair that tends to respect lines of support and resistance: slowing down when approaching a significant level before backing down. And if the currency moves with full force, it will break that line, and will never look back. A previous level of support turns into resistance … “5 Most Predictable Currency Pairs – Q2 2017”
Month: April 2017
GBP/USD Maintains Gains as UK Voting Intentions Become Clear
The GBP/USD currency pair today maintained the significant gains made after the announcement of snap elections by British Prime Minister Theresa May. The results of a poll conducted by YouGov on behalf of the Times Newspaper indicated that support for the ruling Conservative Party was at a nine-year high. The currency pair did not post any large moves today but gained over 50 points at the height of its rally before retracing some of its gains. The British … “GBP/USD Maintains Gains as UK Voting Intentions Become Clear”
GBP/USD: Trading the UK Retail Sales
UK Retail Sales is considered one of the most important economic indicators. A reading that is higher than the market forecast is bullish for the British pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Friday at 8:30 GMT. Indicator Background Retail Sales is the primary gauge of consumer spending, a critical component of economic … “GBP/USD: Trading the UK Retail Sales”
Canadian Dollar Drops for Second Day
The Canadian dollar dropped against its US counterpart today, falling for the second consecutive day, as geopolitical tensions were mounting. The loonie declined against other most-traded peers as well due to the drop of crude oil prices. Crude oil is the biggest export commodity of Canada, therefore moves of its prices tend to have a big impact on performance of the Canadian currency. Today, futures for crude tumbled more than 2%, dragging the loonie … “Canadian Dollar Drops for Second Day”
Dollar Logs Limited Rally
The US dollar rallied today, though the gains were limited as rising geopolitical tensions were not adding to the appeal of the currency, despite its role as a safe haven. Analysts described today’s gains of the greenback as a relief rally after yesterday’s big losses against some of its rivals, like the euro and the Great Britain pound. Over the longer term, though, the situation does not look good for the US currency. Doubts about the ability … “Dollar Logs Limited Rally”
Market Sentiment Drags Aussie Dawn Despite Positive Data
The Australian dollar fell today, dropping for the second consecutive day against its most-traded rivals, as the market sentiment remained unfavorable to riskier currencies linked to commodities and growth. Positive domestic macroeconomic data did not help the Australian currency that much. Australian new motor vehicle sales rose 1.9% in March from the previous year on seasonally adjusted basis. The Westpac-Melbourne Institute Leading Index rose in March from February, and the report … “Market Sentiment Drags Aussie Dawn Despite Positive Data”
Pound Consolidates Following Tuesday’s Rally
The Great Britain pound was in a consolidation mode today following yesterday’s rally caused by the surprise announcement of a snap general election in Britain this year. The sterling traded flat for the most part against its major peers, though rose a bit against some of them, including the Japanese yen. British Prime Minister Theresa May announced surprise elections in a bid to consolidate power as her political party currently is popular among … “Pound Consolidates Following Tuesday’s Rally”
EUR to have a Brexit-type Pound-collapse if Le Pen wins
In an interview with FXStreet, we discussed everything related to the French presidential elections. The top political market mover of the year is watched with great tension by EUR/USD traders and could have a long-lasting impact on the common currency and the European Union. You can read the interview at its original publication here or below: How … “EUR to have a Brexit-type Pound-collapse if Le Pen wins”
GBP/USD levels to watch after the big jump
Pound/dollar made a huge leap forward on April 18th, riding on the announcement for an early snap election. Here are five reasons why the elections are pound positive. GBP/USD is already trading above the initial post-Brexit low of 1.2790 seen in late June 2016, just after the EU Referendum. In general, we are back to the … “GBP/USD levels to watch after the big jump”
NZD/USD: Trading the New Zealand CPI
The New Zealand CPI (Consumer Price Index), which is released every quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than forecast is bullish for the New Zealand dollar. Here are all the details, and 5 possible outcomes for NZD/USD. Published on Wednesday at 22:45 GMT. Indicator Background … “NZD/USD: Trading the New Zealand CPI”