Good day traders! Following Christmas and New Year holidays we have seen a new bout of dollar weakness across the board which may not be over yet based on recent price developments.
2018 is nearly upon us and the past year was certainly full of interesting events. Potentially dangerous political events in the EU – such as the French & German elections and the Catalan independence referendum – were safely navigated.
This week we saw Bitcoin breach the $10,000 mark and continue in a near-vertical ascent that has some people scratching their heads and others celebrating their incredible gains.
Over the last couple months as a Japanese investor, the moves have been nothing less of extraordinary. Since the end of August to a couple weeks ago, the rally of 22% was unprecedented as the market took cues from the other global equity markets hitting all-time highs in many cases (US, German, etc.) and the […]
Cable is making a nice drop from the 1.3650 September high which can prove to be the start of a new bearish trend if we consider that the move higher from January of this year is most probably an ending diagonal.
Ahead of Thursday’s ECB meeting and with a crisis brewing in Spanish Catalonia the EUR is trading heavy or at significant resistance in some crosses which are worth watching for bearish reversals.
The Yen has been consolidating in price since 2016, following two major moves since the global financial crisis. The 4-year bear move from 2008 till 2012 saw the USDJPY drop from 123 to roughly 75, nearly 40% lower.
The NZDUSD is under a huge amount of pressure overnight after New Zealand has finally formed a government and center-left Labour party leader Jacinda Ardern is going to be the new Prime Minister. Read more
Tensions have been recently rising in Spain, particularly in the run up to the Catalonia independence referendum. The Spanish constitution explicitly forbids such a referendum, but this didn’t stop the Catalans from trying to have it.
If you are a subscriber of ForexAnalytix you already know that we are still expecting another leg up on USD Index to complete bullish cycle from 2011.