Forex Trading Online

Wednesday morning FX thoughts. GBPUSD and NZDUSD in focus.

Euro outperformed and NZD underperformed in the Tuesday session. The Aussie dollar little strengthens after the NAB October data held steady at 8. The cross currency AUDNZD well supported after the NAB data on the […]

Read More..

Brent: Weekly potential support finds between 60.50 and 59.90.

After a spectacular run for the past four weeks, the oil price opened the week cautiously. Last week’s RSI was 78 and September high was 78.60, in other words moving higher by developing a negative […]

Read More..

EURGBP: 0.8950 is the key

Undoubtedly GBP in focus this week as political and Brexit concerns pulled the trigger. Things should pick up rapidly on Tuesday, UK CPI. The pound took a dive on yesterday’s early Asia trade on the […]

Read More..

EURUSD: Modest upside expected. General downtrend remains in play.

Euro extends the gains marginally after the EC raised its outlook for the EU last week. This week market participants focus on the ECB event. Four central banks chairs will speak on Tuesday at the […]

Read More..