Dollar price action was mixed as reports from Uncle Sam barely provided directional clues. In the United Kingdom, more polls indicated a narrowing lead for PM May’s party. Canadian economy grew 0.5% in March vs. 0.3% forecast Chicago PMI up from 58.3 to 59.4 vs.
With the pound taking a breather from its losses, I took advantage of an opportunity to jump in on Cable’s downtrend. What do you think of this forex setup? If you’ve read this week’s Trading Prep post , then you’ll know that British election-related updates
Some days most forex pairs are just going in one particular direction and it makes no sense to go against the herd. However, if you’re a fan of picking tops or bottoms and if you think that these strong trends are already exhausted, you shouldn’t
We’ve been checking up on our old setups for the past couple of days, so let’s mix it up a bit with a couple of fresh, short-term setups, with EUR/CHF and GBP/AUD in focus. Check out what I’ve got, yo! EUR/CHF: 1-Hour EUR/CHF: 1-Hour Forex
Lots of fun themes were playing out during the session, with the euro and the Swissy getting buyers right from the get-go. Meanwhile, the pound finally found support after getting whupped during the earlier Asian session. As for the Loonie, it ended up as the
G’day, forex mates! If you’re wondering how Australia’s overall economy has been faring lately, especially since Australia’s Q1 GDP report will be released next week and the RBA would be giving another rate decision and statement, also next week, then today’s economic snapshot is just
The pound took another hit during the Asian session as a new election poll hinted that Theresa May’s Conservative Party may get a few seats short of a majority in the Parliament. RBNZ: Financial system risks have been “reduced” in the last six months U.K.
Bah! Not such a good week for the SMA Crossover Pullback System as the positions got stopped out by new crossovers here and there. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first. EUR/USD had
Can you believe we’re already into the middle of the week? Get over the mid-week hump by takin’ advantage of these short and long-term forex trade opportunities on EUR/USD and GBP/NZD! EUR/USD: 1-hour EUR/USD 1-hour Forex Chart Somebody holler at Huck because this downtrend play
The Greenback ticked higher upon seeing the core PCE price index but gave back its intraday gains and more throughout the session as traders turned their attention to weaker Fed rate hike odds in September. U.S. core PCE price index up 0.2% vs. projected 0.1%