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June 20, 2024

Chart USD/CAD Update: Consolidating test below 1.3700 - studies under pressure
Freemium Article

June 20, 2024 3:34 PM UTC

The anticipated test below congestion support at 1.3700 is giving way to fresh consolidation around here

Chart GBP/USD Update: Leaning lower
Freemium Article

June 20, 2024 7:26 AM UTC

The anticipated minor test higher has been pushed back from beneath congestion resistance at 1.2750

June 19, 2024

Chart USD/CAD Update: Room for lower in the coming sessions
Freemium Article

June 19, 2024 3:36 PM UTC

Little change, as choppy trade drifts lower to congestion support at 1.3700

Chart GBP/USD Update: Gains to remain limited
Freemium Article

June 19, 2024 7:35 AM UTC

 Little change, as prices extend consolidation above congestion around 1.2700

June 18, 2024

Chart USD/CAD Update: Leaning lower
Freemium Article

June 18, 2024 4:19 PM UTC

Choppy trade is giving way to a drift lower

U.S. May Industrial Production - Improvement above trend may be difficult to sustain
Paying Article

June 18, 2024 1:37 PM UTC

May industrial production has seen a surprisingly strong rise of 0.9%, both overall and in manufacturing, the latter more than reversing a 0.4% decline in April. This is stronger than a previously near flat trend, though that may prove difficult to sustain.

Chart GBP/USD Update: Consolidating losses - studies under pressure
Freemium Article

June 18, 2024 7:25 AM UTC

Cautious trade within support at the 1.2650 Fibonacci retracement and the 1.2674 weekly low of 24 May has given way to a bounce

June 17, 2024

Chart USD/CAD Update: Further consolidation - resistance at 1.3800
Freemium Article

June 17, 2024 3:38 PM UTC

Still little change

Chart GBP/USD Update: Room for lower in the coming sessions
Freemium Article

June 17, 2024 7:28 AM UTC

Anticipated losses have tested support within the 1.2650 Fibonacci retracement and the 1.2674 weekly low of 24 May

June 14, 2024

Chart USD/CAD Update: Consolidating - resistance at 1.3800
Freemium Article

June 14, 2024 3:15 PM UTC

Little change, as prices extend cautious trade around 1.3750

U.S. June Michigan CSI - Lower on current conditions
Paying Article

June 14, 2024 2:11 PM UTC

June’s preliminary Michigan CSI showed an unexpected fall to 65.6 from 69.1, to its lowest since November. Significantly the fall was led by current conditions, a sign that the economy may be slowing, as also suggested by yesterday’s sharp rise in initial claims.

This week's five highlights
Paying Article

June 14, 2024 10:00 AM UTC

FOMC delivers hawkish 2024 dots
U.S. Initial Claims up sharply, May PPI corrects April strength
U.S. May CPI Loses Momentum
BoJ Surprise Again
Flat April UK GDP 

Chart GBP/USD Update: Leaning lower in range
Freemium Article

June 14, 2024 7:33 AM UTC

Cautious trade has given way to a break lower

BoJ Review: Pushing Hikes to July, if any
Paying Article

June 14, 2024 5:24 AM UTC

BoJ keep rates and bond purchase the same, suggesting the planning for bond purchase cut will be decided in July

June 13, 2024

Chart USD/CAD Update: Cautious trade
Freemium Article

June 13, 2024 3:46 PM UTC

The test of congestion support at 1.3700 has met buying interest around 1.3680

Chart GBP/USD Update: Back in range - background studies improving
Freemium Article

June 13, 2024 7:36 AM UTC

The break higher towards the 1.2862 weekly high of 11 March has been pushed back from 1.2680

June 12, 2024

Chart USD/CAD Update: Sharp fall - studies under pressure
Freemium Article

June 12, 2024 4:00 PM UTC

Cautious trade has given way to a sharp break lower

Chart GBP/USD Update: Sharp break higher - studies improving
Freemium Article

June 12, 2024 2:05 PM UTC

Cautious trade has given way to a reactive break higher

Chart GBP/USD Update: Consolidating
Freemium Article

June 12, 2024 7:34 AM UTC

Still little change, as mixed intraday studies keep near-term sentiment cautious

June 11, 2024

Chart USD/CAD Update: Room for a test above 1.3800
Freemium Article

June 11, 2024 3:34 PM UTC

Little change, as mixed/negative intraday studies keep near-term sentiment cautious 

Chart GBP/USD Update: Consolidating - studies leaning lower
Freemium Article

June 11, 2024 7:22 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious

BoJ Preview: The Step of Faith
Paying Article

June 11, 2024 3:33 AM UTC

BoJ will likely decrease bond purchase from six trillion JPY to five trillion and hike interest rate by 0.1% as wage growth will bring trend inflation higher

June 10, 2024

Chart USD/CAD Update: Focus remains on 1.3800
Freemium Article

June 10, 2024 3:18 PM UTC

Anticipated continuation higher is giving way to consolidation around 1.3775

Chart GBP/USD Update: Room for deeper losses
Freemium Article

June 10, 2024 7:52 AM UTC

Anticipated losses are approaching congestion support at 1.2700

June 07, 2024

Mexico CPI Review: Some Pressure in Services
Paying Article

June 7, 2024 5:10 PM UTC

INEGI reported a 0.2% CPI decrease in May, with annual CPI stable at 4.7%. Electricity prices dropped, contributing to the decline. Core CPI rose 0.2%, while Non-Core fell 1.3%. Persistent Services CPI and food price shocks may sustain inflation. Peso volatility could also pressure inflation, likely

Chart USD/CAD Update: Potential for a test of 1.3800
Freemium Article

June 7, 2024 3:35 PM UTC

Cautious trade has given way to a sharp USD- and CAD-driven bounce

This week's five highlights
Paying Article

June 7, 2024 10:00 AM UTC

Bank of Canada Eases by 25bps on Improved Inflation Picture
ECB Clearly No Policy Pre-Commitment But Policy Entering New Phase
 U.S. May Employment trend may be starting to slow
Previewed by Slower U.S. May ADP Employment 
Other U.S. Economic Release

Chart GBP/USD Update: Further consolidation - background studies improving
Freemium Article

June 7, 2024 7:23 AM UTC

Little change

June 06, 2024

Chart USD/CAD Update: Further consolidation
Freemium Article

June 6, 2024 3:38 PM UTC

Still little change

Chart GBP/USD Update: Cautious trade - background studies improving
Freemium Article

June 6, 2024 7:21 AM UTC

Still little change

June 05, 2024

Chart USD/CAD Update: Consolidating - studies are mixed
Freemium Article

June 5, 2024 3:45 PM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious

Chart GBP/USD Update: Further consolidation - background studies improving
Freemium Article

June 5, 2024 7:23 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious

June 04, 2024

Chart USD/CAD Update: Choppy in range - studies are mixed
Freemium Article

June 4, 2024 3:43 PM UTC

Choppy trade above strong support at the 1.3590 Fibonacci retracement and 1.3600 has given way to a fresh bounce

Chart GBP/USD Update: Consolidating sharp gains
Freemium Article

June 4, 2024 7:30 AM UTC

Cautious trade has given way to a sharp reactive bounce to resistance at 1.2800

June 03, 2024

Chart USD/CAD Update: Choppy trade - background studies under pressure
Freemium Article

June 3, 2024 3:55 PM UTC

Little change, as prices extend choppy trade

Chart GBP/USD Update: Consolidating - daily studies leaning lower
Freemium Article

June 3, 2024 7:22 AM UTC

 Little change, as mixed intraday studies keep near-term sentiment cautious 

May 31, 2024

Chart USD/CAD Update: Cautious trade - background studies under pressure
Freemium Article

May 31, 2024 3:32 PM UTC

The anticipated break below 1.3650 has reached 1.3620

This week's five highlights
Paying Article

May 31, 2024 10:00 AM UTC

Chinese Military Drills Should Not Increase Taiwan Risk
U.S. Q1 GDP revised lower
U.S. May Consumer Confidence Rebound 
USD/JPY Restrained by Intervention Concern
Tokyo CPI Foreshadow Rebound of Inflation to 2%

...
EZ HICP Review: Core Disinflation Unwinds as Services Resilience Persists?
Paying Article

May 31, 2024 9:42 AM UTC

Very much having affected ECB thinking, there has been repeated positive EZ news in the form of falling EZ HICP inflation and somewhat broadly so. This abated last month and even more so in these May numbers, with the headline moving up from the unchanged 2.4% reading to a three-month high of 2.6%,

May 30, 2024

Chart USD/CAD Update: Lower in range
Freemium Article

May 30, 2024 4:10 PM UTC

The test above congestion resistance at 1.3700 has met expected selling interest beneath the 1.3743 weekly high of 23 May

Chart GBP/USD Update: Leaning lower
Freemium Article

May 30, 2024 7:14 AM UTC

Anticipated losses have reached support within the 1.2674 weekly low of 24 May and congestion around 1.2700

May 29, 2024

Chart USD/CAD Update: Limited tests higher
Freemium Article

May 29, 2024 3:50 PM UTC

Cautious trade above strong support at the 1.3590 Fibonacci retracement and 1.3600 is giving way to a bounce

Chart GBP/USD Update: Consolidating - background studies rising
Freemium Article

May 29, 2024 7:25 AM UTC

The test of congestion resistance at 1.2800 is giving way to further consolidation

May 28, 2024

Chart USD/CAD Update: Focus back on 1.3590/00
Freemium Article

May 28, 2024 4:15 PM UTC

The pullback from the 1.3743 weekly high of 23 May is meeting buying interest just above strong support at the 1.3590 Fibonacci retracement and 1.3600