The BOC meeting splits traders’ expectations
The sideways trading of USD/CAD may be finally over after the meeting of the Bank of Canada at 17:00 MT time.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Information is not investment advice
The US Dollar index and the international environment
Things in the economic world seem to be getting better. Is it better for the USD as well?
Levels to trade EUR/USD
The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.
AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
Brent: is there a bottom?
On the W1, Brent oil formed a bullish “hammer”…
Gold and Japanese yen: who is not a safe-haven asset anymore?
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
USD/CHF may rise a bit
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
GBP: pressure points
This week brought various economy news releases related to GBP. What is the layout of the British pound?
Major banks: bushfires are the main risk for the AUD
Read the opinion by Morgan Stanley and ANZ on the performance of AUD in Q1
EUR/USD: driven by short-term data
On Thursday, EUR/USD will be driven by the economic releases in Europe and the United States.
NZD/CHF: earning on volatility
NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.
Levels to trade AUD/JPY
AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.