GBP/USD Buyers Retest the 50 Weekly SMA Ahead of Tomorrow’s CPI Report
GBP/USD was rejected by the 50 SMA early in December, but is quickly back at it as the USD resumes decline on softer FED rhetoric Full Article
USD/CAD Breaks Above the 50 Daily SMA, As Ivey PMI Slows
USD/CAD resumes the bullish trend again after last week's pullback lower and today's break above the 50 SMA was a bullish signal Full Article
75 bps Rate Hike from the ECB Coming As Eurozone CPI Inflation Reaches 10%
Eurozone consumer inflation CPI reached 10% in September, which the ECB will use to continue with their rate hikes Full Article
USD/CAD Reverses From Below 1.30, As Unemployment Jumps
USD/CAD dipped below 1.30 and reversed back up again after the 5 point jump in unemployment rate during August in Canada Full Article
Selling EUR/USD Again As German Unemployment Increases
The German unemployment rate jumped higher, which might be anther negative data for the Euro as it holds the EBC back Full Article
Economic Situation Weakening in Europe, As Prices Keep Surging
The increase in prices and interest rates is hurting the European consumer, which might translate into a recession soon down the year Full Article
AUD/USD Falls Below Support Again After Failing at the 20 Daily SMA
AUD/USD has fallen below the major support level of 0.70 again, indicating further selling pressure to come Full Article
Taking A Long Term Short on GBP/USD After the Risk Move Today
The GBP had a nice jump today on the back of better UK data, better sentiment and weaker USD, but we decided to take a short Full Article
Risk Assets Slightly Bullish, Despite the Crash in China
China is going from bad to worse as coronavirus restrictions continue, yet the risk sentiment is slightly on today Full Article
USD/CAD Bouncing Off the Bottom of the Range Despite the Decline in Unemployment Rate
USD/CAD is turning bullish again as crude oil turns bearish, with the US WTI falling below $100 Full Article
Is the Bullish Trend Over in Gold After Failing At the $2,070 Resistance?
Gold has fallen below $2,000 after failing at all-time high from 2020 Full Article