December 11, 2017
GBP/USD Update – 11/12/2017 (09:30am): The lows back in focus in GBP/USD.. The positive developments in the Brexit talks gave GBP a temporary boost last week so that the main resistance zone between 1.3509 (int. 76.4 %) and 1.3625 (int. 76.4 %/daily trend) came back into focus. Below, the risk of only performing a countertrend… View Article
December 11, 2017
AUD/USD Update – 11/12/2017 (09:00am): AUD holds solid above .7500 for now… Last week’s break to new lows is consistent with the overall downside bias as the focus turns to key support levels. Note that prices are extending into the critical .7530/.7490 support zone, which represents the 61.8% retracement and uptrend line from the 2016 low…. View Article
December 11, 2017
NZD/USD Update – 11/12/2017 (08:30am): Kiwi saw a rally overnight.. On the charts, the short-term range bias continues to develop but struggles against key resistance levels maintain the downside risks. We continue to monitor the .6930/80 zone, which includes the November highs, before the important .7030/50 area (38.2% retracement and October breakdown). Above the latter would… View Article
December 11, 2017
In Asian Equity Markets Japanese stocks struggled for traction on Monday as gains in financial shares were offset by decreases in real estate and construction companies, with Obayashi Corp diving more than 8 percent. The Nikkei share average was little changed at 22,815.28 by midmorning trade after opening up 0.4 percent. The broader Topix shed 0.1 percent to… View Article
December 11, 2017
Morning all.. Wall St closed firmly again as US data was seen as a “Goldilocks” release with signs of growth with solid unemployment but concerns over weak earnings still. The S&P closed up another 0.55% and Asia followed with the Nikkei closing up 0.55%, HK up almost 1% and Shanghai up an impressive 1.6%. The… View Article
December 8, 2017
USD/CHF Update – 08/12/2017 (14:06pm): USD/CHF remains bid very near term. The market has overcome the 30th November high at .9882 and 50% retracement at .9888 and is working higher. Dips back from here are indicated to hold circa .9860 and we remain positive and look for a challenge to the 1.0039 recent high. It guards… View Article
December 8, 2017
AUD/USD Update – 08/12/2017 (10:40am): AUD struggling to move away from the days lows and support at .7500.. The sell-off continues and attention has reverted to the uptrend at .7500. The market has strong support in this vicinity – namely the 2016-2017 uptrend line and double Fibonacci retracement at .7500-.7475 (50% retracement of the move up… View Article
December 8, 2017
GBP/USD Update – 08/12/2017 (10:20am): The positive developments in the Brexit talks gave GBP another boost in the last 24 hours so that the main resistance zone between 1.3509 (int. 76.4 %) and 1.3629 (int. 76.4 %/daily trend) is now back in focus. Below, the risk of only performing a countertrend rally persists whereas above,… View Article
