GBPUSD: Remains Pressured To The Downside, Targets The 1.5768 Level

Weakness triggered off the 1.7041 level remains in place as attempts at correcting higher the past week failed and pushed the pair back down to close lower at 1.5847. That leaves downside threats towards the 1.5768 level, its Sept 2709 low with a loss of there turning focus lower to… See the original post here: GBPUSD: Remains Pressured To The Downside, Targets The 1.5768 Level

Continued here:
GBPUSD: Remains Pressured To The Downside, Targets The 1.5768 Level

Where To This Week

In recent trade the global forex market moved up, down, and ultimately sideways against the Usd, following the expectancy and concern over three interest rate decisions from major central banks.

More here:
Where To This Week

EURUSD: Reversal Of Losses Highlights The 1.4844 Level

Having closed higher the past week reversing its previous week losses and rallying through its minor resistance at the 1.4720 level, its Sept 2809 high, risk has now turned higher for a retarget of its YTD high at 1.4844. This view is consistent with its broader medium term uptrend and… Read the original here: EURUSD: Reversal Of Losses Highlights The 1.4844 Level

Go here to read the rest:
EURUSD: Reversal Of Losses Highlights The 1.4844 Level

Australian & New Zealand Weekly: Labour Data Implies Upside Risks to Rate Forecasts

Going into this week’s Reserve Bank Board meeting we were expecting consecutive rate hikes of 0.25% in both November and December. The decision to move earlier prompted a revision to that view with a second move in November and a pause in December. See the original post: Australian & New Zealand Weekly: Labour Data Implies Upside Risks to Rate Forecasts

Read the original:
Australian & New Zealand Weekly: Labour Data Implies Upside Risks to Rate Forecasts

Pound Falls again as UK Manufacturing Data Disappoint

Sterling has had a poor trading week, resulting in it being the weakest G-10 currency this week. GBP/EUR has closed at 1.0793, a fall of 0.77%. UK economic data have been mixed – whilst the services PMI rose to 55.3, marking the 5th consecutive monthly expansion in the sector, the… See the original post: Pound Falls again as UK Manufacturing Data Disappoint

Read the original here:
Pound Falls again as UK Manufacturing Data Disappoint

Weekly Focus: Mixed Data, Broader Recovery

This week the flow of data from global manufacturing turned more mixed adding to the lukewarm message from the US manufacturing ISM last week. While German orders continued to rise, manufacturing production in the UK and Sweden disappointed badly View original post here: Weekly Focus: Mixed Data, Broader Recovery

Read the original here:
Weekly Focus: Mixed Data, Broader Recovery

GBPUSD: Backs Off Key Support, Looks To Recover Higher

The pair halted its declines initiated from the 1.7041 level the past week reversing higher after testing its key support located at the 1.5770 level. With that accomplished, a build up on that recovery is now expected the coming week with resistance standing at the 1.6225 level, its weekly 50… The rest is here: GBPUSD: Backs Off Key Support, Looks To Recover Higher

Go here to see the original:
GBPUSD: Backs Off Key Support, Looks To Recover Higher

EURUSD: Evening Star Candle Set To Trigger Further Correction

EUR put in a weekly lower close and printed an evening star candle formation(top reversal signal) to close at 1.4481 at the end of the week.

The rest is here:
EURUSD: Evening Star Candle Set To Trigger Further Correction

Weekly Market Wrap

Weak economic data hit markets hard this week, prompting traders to take profits as one of the best quarters for equities seen in decades came to a close on Wednesday. More than one commentator noted that the big slide that many had predicted for September has apparently arrived a month… View original here: Weekly Market Wrap

Read more here:
Weekly Market Wrap

FX Briefing: Doubts about Upswing Scenario

This week the dollar showed strength again. The losses of the past weeks were partly corrected as equity markets weakened and a more cautious assessment of the chances for an economic recovery diminished risk appetite. Read more from the original source: FX Briefing: Doubts about Upswing Scenario

Read the original post:
FX Briefing: Doubts about Upswing Scenario

Next Page »