GBP/JPY sells off following the defeat of Sanae Takaichi in the Japanese ruling party’s leadership run off. Takaichi had warned that if elected she would restrict the BoJ from raising interest rates. The Pound pulls back after Bailey indicates steady […]
GBP/JPY weakens after Takaichi defeat removes impediment to rate hikes Read More »
EUR/GBP appears to have stalled after pulling back higher from the September 24 lows. The pair may be resuming its downtrend and could break lower. EUR/GBP stalls in its pull back from the September 24 lows and resumes its downside
EUR/GBP Price Forecast: Resumes downside bias Read More »
Gold rebounds at the end of the week after the release of US PCE inflation data comes out lower than expected. The data suggests a continuation of the Fed’s monetary easing stance which is a positive factor for Gold. Gold
Gold recovers losses after US inflation data misses estimates Read More »
The Mexican Peso makes tepid gains following the Bank of Mexico (Banxico) meeting. The bank decided to cut interest rates by 25 bps and revised down its forecasts for inflation. USD/MXN steadily climbs within its rising channel. The Mexican Peso (MXN)
Mexican Peso edges higher in wake of Banxico decision Read More »
AUD/USD breaks out of the top of a range and rallies. It has reached an initial bullish target and there is a risk it could soon pull back. AUD/USD breaks above its range highs and follows through to the upside
Breaks out of range and follows through to the upside Read More »
USD/CHF is trading lower within a range formed since August. It is in a sideways trend and a decisive breakout would be required to give directionality. USD/CHF continues trading up and down within a range. It is probably in a
Unfolding down leg within range Read More »
USD/CAD has pulled back within a strong downtrend. It will probably continue falling as the wave C of a Measured Move unfolds. USD/CAD has pulled back within the midst of a strong downtrending move. On Wednesday the pair recouped about
More downside expected as wave C extends Read More »
The Mexican Peso trades flat in its major pairs the day before the Bank of Mexico policy meeting. The consensus expectation is for the bank to cut interest rates by 0.25% to 10.50%. USD/MXN pulls back from resistance as it
Mexican Peso flat ahead of Banxico meeting Read More »
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations. The data reinforces bets the Federal Reserve will have to take more drastic easing measures – a positive for Gold. XAU/USD is overbought but
Gold hits new high after fall in consumer confidence Read More »
