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The GBP/USD pair built on Friday's sharp rebound from 2-week lows, with bulls now looking to extend the up-move further beyond the 1.3200 handle. The British Pound was being supported by the UK PM Theresa May and the EU Commission's agreement to speed up Brexit negotiations. However,...

The EUR/USD pair extended Friday's rejection slide from the 50-day SMA hurdle and dropped to mid-1.1700s during the Asian session on Monday. Persistent US Dollar buying interest, supported by revived tax-reform hopes, has been one of the key factors weighing on the major. The greenback's...

Brent Oil rose 2% on Tuesday to a high of $56.76 on comments from OPEC and major trading firms that Oil market is rebalancing. Also boosting prices was Saudi Arabia's export cuts in November. At the time of writing, Brent was trading at $56.60/barrel. Major news/data Bullish comments from...

The GBP/USD pair stalled its recent recovery move and seesawed between tepid gains and minor losses through the early European session on Wednesday. After two consecutive days of up-move, the pair now seems to have found a tough resistance near the 1.3220-25 region. A set of conflicting UK macro...

The Dollar-Yen pair dropped to a low of 111.99 yesterday as the bid tone around the USD weakened on fears that Trump's tax reform plan could be hitting a major speed bump. However, by day's end, the pair had recovered to 112.44. The uptick in EUR/JPY on the easing of Catalan fears seems to...

Persistent geopolitical concerns now seem to be overshadowing prospects for an upcoming rate hike by the US Federal Reserve. Hence, poor performance from the US Treasury bond yields dampened sentiment around the US Dollar and weighed on the USD/JPY pair through the early North American session on...

The post-NFP US Dollar retracement, accompanied with optimism over the UK PM Theresa May’s commitment to her leadership role helped the GBP/USD pair to stage a solid recovery on Monday. The up-move got a boost from the UK Office of National Statistics' upward revision of second-quarter...

The focus of the deepening clash between Catalan separatists and Spanish authorities has shifted to Catalan President Carles Puigdemont's key address to the regional parliament. Many observers expect the President to make a declaration of independence. Catalan government is isolated in its...

The EUR/USD pair extended its post-NFP recovery move from 7-week lows and continued gaining traction for the third consecutive session on Tuesday. Comments by the ECB Executive Board member Lautenschlaeger reaffirmed market expectations of a possible tapering of asset purchases next year and...

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...