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USD/CAD may be ready to break down
If stops below 1.2600 are triggered, the pair could be at the next support level in a hurry
EUR/USD: Weak CPI increases pressure on ECB…again
Market sentiment has stabilized after yesterday’s China-induced panic, but traders remain on edge ahead of the year’s second US trading session. As my colleague Fawad […]
GBP/AUD: Why this week’s price action may set the tone for the rest of the year
US traders are eagerly counting down the hours until the much-awaited Thanksgiving holiday, but our readers should is still a busy economic calendar between now […]
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NZD/JPY heading (and shouldering) lower?
As we noted yesterday, the New Zealand dollar (and associated economic data) was serving as a “warm up” act for the “main event” US and […]
GBP/USD: Bulls get a day in the sun on M&A speculation, economic data
The big news in global markets today is Anheuser-Busch InBev’s higher buyout offer to SABMiller. After the British-domiciled SABMiller turned down offers of £38 and […]
GBP/USD: Heading (and shouldering) lower if 1.5175 breaks?
After initially falling on last week’s seemingly-dovish Federal Reserve statement and press conference, the US dollar has been edging higher in mixed trade so far […]
USDJPY: Bulls Revving Up, but Break above 124.50 Needed
“Drivers, start your engines!” The classic starting command for the Indianapolis 500 will jumpstart the heartbeat of any true racing fan, and global traders are […]