Daily Market Analysis

Given the global economic and political background, selling AUD/CHF seems like a good idea.

The Australian dollar will likely be quite volatile on Tuesday as the Reserve Bank of Australia Governor Philip Lowe is scheduled to speak at 12:55 MT time.

USD/JPY formed a candlestick on the W1 that strongly resembles a “shooting star”.

GBP/USD is having a third bullish week in a row.

AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.

EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.

Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.

EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.

When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD

CHF/JPY formed a “bullish engulfing” pattern on the W1.

NZD/USD has started correcting up in September. Will this recovery last?

The move above 1,496 and the psychological level of 1,500 will trigger a bullish scenario for XAU/USD.