Forex

The GBP/USD pair fell to one-month lows on Friday, weighed down by fears that UK PM Theresa May might be forced to quit her post. The pair gapped higher at the start of a new online trading week and has recovered to the 1.3100 handle on reports that the Conservative Party members who are trying to...

Brent Oil dropped 2% on Friday to a low of $55.02, reportedly due to concerns that record US exports have wiped out OPEC led output cuts. Prices recovered slightly to end the week at $55.38 after the Baker-Hughes data reported a cut in the number of US oil rigs. Macro data/news Storm Nate...

Exhaustion near 0.8078 (the 127.2% Fib extension of Dec 2016 low/Mar 2017 high/June 2017 low) in September proved to be costly for the Aussie bulls as the AUD/USD pair fell from 0.8103 (mid-Sep high) to 0.7733 (last week's low). The Aussie ended last week at 0.7773 and trades below the 50-day...

The EUR/USD pair started a new trading week on a slightly positive note and built on Friday's modest recovery move from 7-week lows, supported by a minor Greenback retracement on a resurgence of North Korean risk. Further upside, however, remained capped amid growing Fed rate hike expectations...

Brent Oil rallied on Thursday as expected on the back of a bullish price-RSI divergence and an upside break of the triangle pattern. Price jumped to a high of $57.11 and currently trades in a sideways manner around $56.83. Macro data/news Tropical storm eyes Gulf of Mexico Traders are monitoring...

Brent Oil rallied from the Wednesday's Asian session low of $55.31 to $56.09 before ending the day with marginal gains at $55.68 levels. The price action could be best described by "spinning bottom candlestick pattern". Macro data/news US oil inventories decreased by 6 million...

Brent's rebound from $55.45 ran out of steam at $56.31 yesterday after the American Petroleum Institute (API) reported a large gasoline build. Prices printed a fresh two-week low of $55.31 today. The API reported a draw of 4.079 million barrels in United States Crude Oil inventories. The...

The sell-off in the EUR/USD appears to have stalled around 1.17 handle, despite political instability in Spain. Most of the market talk still overlooks a serious issue. The complacency is evident from the fact that despite the Spanish crisis, the spread between the Spanish and German 10-year bond...

The American Dollar was offered across the board in Asia as markets priced in the even odds of a neck-to-neck race between Powell and Warsh as candidates for next year's Fed Chair position. The Dollar-Yen pair dropped to a low of 112.41 after failing multiple times to close above 113.00 levels...

The GBP/USD pair gained some positive traction during the Asian session on Wednesday and has now recovered majority of the previous session's slide to near three-week lows. The British Pound weakened across the board on Tuesday, dragging the pair to its lowest level since September 14, after...

Brent Oil trades on the back foot this Monday morning, courtesy of the broad-based USD strength and overbought technical conditions. Brent prices gained 20% in the third quarter as the forward structure fell into backwardation - signaling a tighter market. Brent rose to $58.85 last month; the...

The struggle for a convincing break above 113.00 handle continues... The Dollar-Yen pair clocked a high of 113.06 earlier today and now trades around 112.80 levels. The steeper yield curve, tax reform talks are Dollar supportive. Also supporting the US Dollar is the news that President Trump and...

The Aussie-Dollar pair fell to 0.7799 last week; the lowest level since mid-July, pushing the 14-day RSI into bearish territory. Hawkish comments from Fed's Yellen strengthened the bid tone around the US dollar, while the unwinding of safe-haven longs in Gold weighed over the Aussie. RBA...

The GBP/USD pair gapped lower by around 30 pips at the start of a new trading week and remained capped below the 1.3400 handle amid some relatively lighter trading action. The US Dollar stood tall against its major counterparts, supported by growing market conviction for an additional Fed rate hike...