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Get updates on the latest economic news and trends and how it affects currency prices and also commentary from experienced currency traders. Updated weekly. Podcast and weekly newsletter coming soon.

April 27, 2018

The AUDUSD traded to the lowest level since December 12, 2017. That low on the daily chart, bottomed at the 0.7531 which was a familiar swing level from November and December 2017. At that time, the price fell stalled at 0.7535 and 0.7531 in November. It broke and tried to stay below in December. That break failed afte...

April 27, 2018

EUR/USD


The pair went much lower during the Wednesday’s session reaching the 1.21 level, the area which has massive importance and was also the scene of a major breakout. A bounce from here will confirm the continuation of the upside trend but the pair is experiencing huge downward pressure due to rise in the yield of...

April 27, 2018

  • BOJ keeps policy tools unchanged, QE taper a distant dream.

  • Doors open for USD/JPY to test supply around 110.00.


The big story today is Bank of Japan's (BOJ) omission of reference to a time frame for achieving the 2 percent inflation target.

The decision to remove the timeframe for the CPI goal could be an i...

April 27, 2018

EUR/USD has posted slight losses in the Friday session. Currently, the pair is trading at 1.2086, down 0.15% on the day. On the release front, French Flash GDP dropped to 0.3%, shy of the estimate of 0.4%. German unemployment rolls dropped by 7 thousand, a weaker reading than the estimate of a decline of 15 thousand. I...

April 27, 2018

   •  US GDP betters expectations and provides a minor boost to the USD.

   •  GBP continues to be weighed down by today’s dismal UK GDP print.
   •  Investors now look forward to Carney’s speech for fresh impetus.

The GBP/USD pair maintained its heavily offered tone through the early NA ses...

April 27, 2018

- The UK economy is slowing, and snow can't take all the blame

- Pound plummets as markets bet Bank of England interest rate in May is off the table

- Strategists at TD Securities exit bet on Sterling appreciation

- ING suggest a June hike is now a possibility

The British Pound has sold off sharply following the release of...

April 25, 2018

South Korea’s Finance Minister Kim Dong-yeon was on the wires earlier today, via Reuters, noting that the government is closely watching currency markets as the won weakens, in the wake of the recent USD appreciation.

He added that the government will act to stabilize the foreign exchange market if needed.

April 25, 2018

Mexican Economy Minister Ildefonso Guajardo said on Tuesday that flexibility will be needed to hash out an agreement on a new NAFTA deal, as he prepared to meet with his U.S. and Canadian counterparts later in the day.

Guajardo also underscored that Mexico would not accept any U.S. tariffs on aluminum or steel, saying t...

April 25, 2018

German Economy Minister Peter Altmaier said on Wednesday it would be negligent to end up in a trade conflict with the United States, which has imposed tariffs on imports of steel and aluminum from some countries.

Speaking just days before Chancellor Angela Merkel travels to Washington to hold talks with U.S. President D...

April 25, 2018

EUR/USD has posted slight losses in the Wednesday session, erasing the gains seen on Tuesday. Currently, the pair is trading at 1.2212, down 0.17% on the day. It’s a quiet day on the release front, as the sole event is Crude Oil Inventories. On Thursday, the ECB will set interest rates, while the US releases durable go...

April 24, 2018

Talking Points:

- The US Dollar has continued to gain, continuing last week’s move of strength to tally a 2% move off of last Tuesday’s lows. DXY is now testing a key area of resistance around the 2017 swing-low, and the potential exists for a deeper move of USD-strength as we approach rate decisions out of Europe and J...

April 24, 2018

Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to a pair of Gann angles at 1.2213 and 1.2201.

The EUR/USD is trading higher at the mid-session. Sellers hit the market earlier in the session, but enough profit-takers and aggressive count...

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