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Monthly Archives: February 2016

EURUSD: Euro With Bearish Mood, Continues to Trade Muted


It looks like the single currency wants to go lower as the European Central Bank meeting looms. The ECB must deliver something and Mario Draghi has to be careful what to deliver as he remembers the December market reaction when

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GBPUSD: Cable Tries to Trim Losses


Sterling was trying to erase previous week’s losses and was spotted slightly higher on Monday, testing the 1.39 level to the upside. When looking at the USDJPY pair or stocks, another risk-off session hit the markets on Monday and therefore

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USDJPY: Pair Consolidates, Trend Neutral


The USDJPY pair was trading flattish on Friday, having erased previous gains and losses as well. It was seen around 113.00 during morning trading hours as it was waiting for an impetus to set direction. In the previous session, US durable

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USDCAD: Loonie Trades at 10 Week Highs


The pair dropped sharply on Thursday and it ended the recent phase of consolidation. Oil prices stabilized above the 30 USD mark and therefore the Canadian dollar had been rising in the previous days. There were no data from Canada

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NZDUSD: Kiwi to Break from Triangle Pattern


Trading on the NZDUSD pair has been very chaotic in the previous days and the pair has been moving mostly sideways, with high volatility and many intraday reversals, such as the yesterday’s one. The easing bias from the RBNZ is

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XAUUSD: Gold With Bullish Bias, Approaches Cycle Highs


The bullion rose on Wednesday, although the rally was not as steep as we have seen in the previous weeks. The price touched the 1,250 USD level, but failed to hold it and declined from this level, creating a bearish

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EURGBP: Euro Continues Higher, Eyes Cycle Highs


Sterling remains under pressure due to the political concerns and Brexit fears and cable was seen dropping below the 1.40 mark during the Asian session, although it managed to trim some losses during EU trading hours. From the pound perspective,

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EURJPY: Cross Finds Support at 123.00, Looks Heavy


As the EURUSD pair dropped below the 200 day moving average at 1.1050 and was testing the 1.10 handle on Tuesday and Wednesday, the EURJPY cross had to drop as well. Moreover, it has been dragged lower by the strengthening

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USDJPY: Pair Nears Cycle Lows, Declines 100 pips on Tuesday


The dollar-yen pair continued to drop on Tuesday and was one figure weaker, indicating that yesterday’s risk on rally on stocks might had been false. Stocks were catching lower during the EU session and EU indices were spotted 1% lower,

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AUDUSD: Aussie Turns Bullish, Faces Critical Resistance


The Australian (and New Zealand) dollar rose sharply on Monday as sentiment improved, mainly due to the rising oil, which jumped more than 5%. There were no fundamental news behind this move, but it looks like traders were rolling the

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