Turbulence for the Euro as QE Unwinding Starts Next Month

US Dollar Strength Surging to New Recent Highs

AUD/USD It’s All About the FOMC

September 21st

Retail Sales Send GBP Briefly Above $1.3607. Conviction…

September 21st

UK Rate Rise Hopes Remerge. Nov or Dec…

September 19th

Major Press Conferences Dominate the Week for the…

September 19th

USD/JPY Breaks Another Key Resistance Zone Ahead of FOMC

Daily Chart – EURUSD 19/9/2017 14:00 EST SupportResistanceS1: 109.10R1: 110.25S2: 108.75R2: 111.20S3: 108.20R3: 114.00 Essential Insights The USDJPY has continued the upward momentum it displayed last week, breaking through the overhead resistance at 111.20 early in Monday’s session.  This drive-up has been aided by the Dow Jones Index continues to…
September 19th

AUD Continues to Try to and Hold Above 0.80 US Cents

Daily Chart – AUDUSD 19/9/2017 04:56 GMT SupportResistanceS1: 0.7958R1: 0.8000S2: 0.7936R2: 0.8043S3: 0.7870R3: 0.8125 Essential Insights AUD has traded either side of 80 US cents in recent days without conviction in either direction. Interest rate expectations are driving movements in other majors but until we receive a clear signal on this…
September 19th

AUD/USD – AUD Faces Further Resistance

Daily Chart – AUDUSD 14/9/2017 04:05 GMT SupportResistanceS1: 0.7974R1: 0.8043S2: 0.7920R2: 0.8064S3: 0.7871R3: 0.8125 Essential Insights The Aussie Dollar is flirting once more with a sustained break above US$0.80. But as it did earlier this year, the currency has thus far rejected any moves towards 81 US cents. The Reserve…
September 14th

Battle Lines Drawn as Euro Divergence Comes Into Play

Daily Chart – EURUSD 14/9/2017 12:00 EST SupportResistanceS1: 1.1875R1: 1.2000S2: 1.1750 R2: 1.2075S3: 1.1460R3: 1.2250 Essential Insights The open of the week saw the EURUSD fall from its recent highs, and that trend has continued over the last 48 hours.  The strength of the US Dollar has continued, and with the…
September 14th

Violent Reversal From YTD Low Caps Biggest Gain in 8 Months

Daily Chart – USDJPY 14/9/2017 12:00 EST SupportResistanceS1: 109.10R1: 110. 25S2: 108.75R2: 111.20S3: 108.20R3: 114.00 Essential Insights The USDJPY has maintained its strong momentum in the last 48 hours, smashing through the key resistance zone at 110.25.  The S&P 500 made an all-time high in last night’s trading, which seems…
September 14th

GBP Peaks as Negative Wage Growth Dents Rate Rise Hopes

Daily Chart – GBPUSD 14/9/17 03:50 GMT SupportResistanceS1: $1.3180R1: $1.3222S2: $1.3156R2: $1.3268S3: $1.3120R3: $1.3297 Essential Insights Traders pushed Sterling sharply higher in Tuesday’s session and did so again in early trade yesterday following Tuesday’s higher reads for UK inflation data, which stoked hopes of an early rate rise. The devil…
September 14th

Big Gap on Open Sees the USD/JPY Explode out of Support

Daily Chart – EURUSD 12/9/2017 12:00 EST SupportResistanceS1: 109.10R1: 110. 25S2: 108.75R2: 111.20S3: 108.20R3: 114.00 Essential Insights The USDJPY had a very weak end to the trading week on Friday, dropping through all of the key short-term support levels and extended as low as 107.31.  However, the start of the…
September 12th

Duran Duran, Reaganomics and Hightops the Aussie Dollar Returns to the Early 80’s

Daily Chart – AUDUSD 12/9/2017 12:00 server time. SupportResistanceS1:  0.7900R1: 0.8010S2: 0.7870R2: 0.8060S3:  0.7807R3: 0.8124 Essential Insights Despite three missed consensus figures for the major data releases last week (retail sales, trade balance & GDP) the AUD punched through 80 cents, which was a significant level of resistance. There was…
September 12th

EUR/USD – EURO Fails to Break Key Resistance

Daily Chart – EURUSD 12/9/2017 12:00 EST SupportResistanceS1: 1.1875R1: 1.2000S2: 1.1750 R2: 1.2075S3: 1.1460R3: 1.2250 Essential Insights The open of the week has seen the EURUSD fall from its recent highs over the last 24 hours, again finding support at the well-tested trend line.  An increase in the US Dollar strength…
September 12th

Euro Edges up Ahead of Tonight’s ECB Meeting

4 Hour Chart – EURUSD 7/9/2017 13:00 EST SupportResistanceS1: 1.1875R1: 1.2000S2: 1.1750 R2: 1.2075S3: 1.1460R3: 1.2250 Essential Insights The open of the US market on Tuesday has failed to stimulate the lacklustre price action on the EURUSD, with the pair trading in a tight range over the last 48 hours. The…
September 7th

USD/JPY Key Support Fights off Another Downward Advance

Daily Chart – USDJPY 7/9/17  13:00 EST SupportResistanceS1: 109.10R1: 110. 25S2: 108.75 R2: 111.20S3: 108.20R3: 114.00 Essential Insights The USDJPY moved lower into the support zone in the last 48 hours and re-tested the low at around the 108.50 level. There has been only a small amount of commentary around the…
September 7th

GBP Gained 1.9% Last Week: Can That Rally Be Sustained?

Daily Chart – GBPUSD 6/9/17 23:00 GMT SupportResistanceS1: $1.3168R1: $1.3224S2: $1.3116R2: $1.3251S3: $1.3082R3: $1.3267 Essential Insights Sterling added +1.9% or some 287 pips vs the US Dollar last week and traded back to as high as $1.3224. Whilst the dollar was undeniably weak, Sterling also made headway against the Euro,…
September 6th