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It’s a busy day ahead. Economic data will need to impress to distract the markets from news on the coronavirus. It’s also Britain’s last day in the EU… Earlier in the Day: It was a busy day on the Asian economic calendar this morning. The Aussie Dollar and Japanese Yen were in action in the...

GBP, BRITISH POUND, STERLING TALKING POINTS This week’s BoE rate decision helped to bring strength back into the British Pound. Continuation themes took hold on Friday, which was ‘Brexit day.’ With a new BoE Governor set to take over, numerous questions remain around forward-looking Bank of...

CANADIAN DOLLAR HIGHLIGHTS: USD/CAD running into thicket of resistance CAD/JPY running lower into support area USD/CAD RUNNING INTO THICKET OF RESISTANCE USD/CAD has had a strong rally to start the year, but it is about to get tested. The pair is finding itself up against a formidable area of...

The meeting of the Federal Reserve at 21:00 Mt time will be the highlight of the day. There is a very high possibility that the event will make an impact on USD/JPY. The pair has opened with a gap down this week but got support around 108.90/70 (50-week MA, 100-day MA). However, on the D1, the...

From a technical perspective, Google stock looks healthy. The Moving Averages are in ascending order, the price is mostly moving above the 50-MA. Currently, it is at $1,456 per share. The earnings report coming on Monday at midnight will either push it up to $1,496 or drag it down to the support...

From a “planetary” perspective, an event such as a new virus outbreak is supposed to happen every now and then. The evolution still goes on, and the fact that humans are the most successful and advanced species does not mean that other species have stopped their development in the background. In...

It was a tough week for EUR/USD traders, as volatility around the pair remained quite low. The pair fell to a fresh 2020 low of 1.0991, recovering to post modest weekly gains by settling at around 1.1050. The EUR/USD pair advanced on the dollar’s weakness rather than on self EUR strength...

The EUR/USD pair continues trading at weekly highs, despite the final version of the Michigan Consumer Confidence survey was upwardly revised to 99.8 from 99.1. Risk-related trading prevails.

“EUR/USD has started to recover just ahead of the 1.0981 29th November low. Just below here lies the 1.0956/78.6% retracement and we look for this to hold. Rallies will need to regain the previous uptrend, which is now likely to act as resistance, which is located at 1.1088.” “A move above here...