GBP News Reviews 

GBP Daily Review January 23, 2019

GBP Daily Review for January 23, 2019 EUR/GBP drops to 2-day lows in sub-0.8800 levels on stronger Sterling The improved sentiment around the British Pound is forcing EUR/GBP to lose further ground and drop to new 2-day lows in sub-0.8800 levels. EUR/GBP we   GBP/USD surpasses 1.2900 post-UK jobs, focus stays on Brexit The Sterling is deriving some support from the better-than-expected labour market figures today and is lifting GBP/USD beyond 1.2900 the figure, or da   EUR/GBP slumps to multi-month lows near 0.8760 on broad GBP strength Following the…

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EUR News Reviews 

EUR Daily Review January 23, 2019

EUR Daily Review for January 23, 2019 EUR/USD downside flirts with 1.1350 ahead of ZEW The selling bias around the single currency remains well and sound during the first half of the week and is now dragging EUR/USD to test lows in the m   EUR/USD: Fairly limited downside – Commerzbank Karen Jones, analyst at Commerzbank, points out that the EUR/USD continues to ease lower towards the 1.1332 uptrend and the market is currently pretty   Technical Analysis for USD Index, EUR/USD, Gold Price & More The Dollar may be…

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Markets News 

Yen firms on global growth and trade concerns

“The safe-haven Japanese yen kept overnight gains against the dollar as concerns about slowing global growth and U.S.-Sino trade tensions drove investors away from risky assets” writes unknown author for cnbc.com. “Nervousness around global growth and trade tensions is certainly a factor driving the markets right now,” said Michael McCarthy, chief markets strategist at CMC Markets.On Monday, the International Monetary Fund (IMF) cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the Eurozone, and said failure to resolve trade tensions could further destabilize a…

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JPY News Reviews 

JPY Daily Review January 23, 2019

JPY Daily Review for January 23, 2019 USD/JPY falls back to 5-day MA as S&P 500 futures drop 0.65% The USD/JPY pair is currently trading at the 5-day moving average (MA) support 109.44, having clocked a high of 109.69 earlier today. That pullback i   AUD/JPY Technical Analysis: lacks direction after Doji The AUD/JPY cross is trading in a sideways manner for the second day, having charted a doji candle on Friday, which represents indecision in the marke   USD/JPY: Consolidates at 50% Fibo retracement of ealy Oct swing high…

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AUD News Reviews 

AUD Daily Review January 22, 2019

AUD Daily Review for January 22, 2019 AUD/USD at Risk as Corporate Defaults in China Soar The Australian Dollar may be at risk as the default rate on Chinese corporate bonds skyrockets amid a slowdown in local and international economic growth.   AUD/USD Technical Analysis: Trapped in falling channel, hits session lows on risk aversion Trapped in a falling channel, the AUD/USD pair is currently trading at the session low of 0.7143 amid risk aversion in the equity markets. 4-hour cha   AUD/JPY Technical Analysis: lacks direction after Doji The…

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News Reviews USD 

USD Daily Review January 22, 2019

USD Daily Review for January 22, 2019 EURUSD Rejects Resistance, AUDUSD Weighed by China Slowdown EURUSD Rejects Resistance, AUDUSD Weighed by China Slowdown   USD/JPY directionless below 110 ahead of BoJ announcements on Wednesday Similar to many major pairs, the USDJPY pair stayed quiet on Monday amid a lack of significant fundamental drivers and thin trading conditions due to   USD/CHF Technical Analysis: Greenback bulls en route to the parity level against CHF USD/CHF daily chart USD/CHF is trading in a sideways trend below the 50-day simple moving average (SMA).…

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GBP News Reviews 

GBP Daily Review January 22, 2019

GBP Daily Review for January 22, 2019 EUR/GBP: Bouncing higher – Commerzbank Karen Jones, analyst at Commerzbank, notes that the EUR/GBP cross has sold off to and recovered from the .8754/78.6% retracement and is seen as the la   GBP/USD looks set to consolidate near term – Commerzbank Karen Jones, analyst at Commerzbank, explains that the GBP/USD pair last week rallied to and stalled at the 1.3000 level and looks set to consolidate   Sterling Week Ahead: Positive Brexit Sentiment Supporting GBP PM Theresa May will present her Plan B…

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EUR News Reviews 

EUR Daily Review January 22, 2019

EUR Daily Review for January 22, 2019 EUR/USD flirts with daily highs around 1.1390 EUR/USD is recovering the smile at the beginning of the week and is now looking to extend the up move to the vicinity of the 1.1400 handle, clinching   EUR/USD: Some stabilisation – Commerzbank Karen Jones, analyst at Commerzbank, explains that the EUR/USD pair last week sold off towards the 1.1330 uptrend, and seeing some stabilisation ahead   EUR/USD clings to daily gains near 1.1370, focus remains on Brexit EUR/USD is navigating within a 30-pip range…

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JPY News Reviews 

JPY Daily Review January 22, 2019

JPY Daily Review for January 22, 2019 AUD/JPY Technical Analysis: lacks direction after china data, focus on today’s close The AUD/JPY pair is trading largely unchanged on the day at 78.60, having recovered from the session low of 78.28 a few minutes before press time, pos   USD/JPY Technical Analysis: Bearish RSI divergence The USD/JPY pair is currently trading at 109.56 – down 0.18 percent on the day – and could drop further toward the ascending (bullish) 5-day moving av   EUR/JPY: Eyes on stocks and fundamentals, technically losing bullish…

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AUD News Reviews 

AUD Daily Review January 21, 2019

AUD Daily Review for January 21, 2019 AUD/JPY Technical Analysis: lacks direction after china data, focus on today’s close The AUD/JPY pair is trading largely unchanged on the day at 78.60, having recovered from the session low of 78.28 a few minutes before press time, pos   AUD/USD jumps 23 pips on better-than-expected China industrial production figure The AUD/USD pair jumped 23 pips to 0.7177 soon before press time, courtesy of a better-than-expected China data. China’s industrial production rose t   Chinese drone maker DJI uncovers massive employee fraud scheme:…

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