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News And Market Analysis


  • Market Wrap: Risk Appetite Improves on Renewed US-China Trade Talks, Receding Turkey Fears

    August 16, 2018

    Aussie and Kiwi are outperforming all major counterparts as risk appetite improves on receding Turkey fears and renewed US-China trade talks. The Japanese yen and US dollar are softer, while the Euro is gaining in today’s trading. EUR/USD – The single currency has been lifted against a soft US dollar as concerns over the Lira-crisis

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  • EUR/CAD: Euro Supply May Increase as Pair is Reaching Weekly High

    August 16, 2018

    The Euro vs Canadian dollar pair (EUR/CAD) is forming a second consecutive bullish candle on the daily chart after the single currency experienced a sell-off amid Turkey concerns. Earlier this week, EUR/CAD triggered a bearish head and shoulders pattern and reached its lowest level since November 2017. Despite the Euro being a relative outperformer today

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  • USD/TRY: Lira Extends Gains as Qatar Pledges $15b Investment Package

    August 16, 2018

    The Turkish lira is extending gains against the US dollar, reaching an intraday high of 5.65 in today’s trading. The currency is on its way to post the fourth consecutive bullish day against the greenback, after reaching a record low of 7.08 on Monday. Improved risk appetite didn’t favour the greenback either, which was mostly

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  • USD/CAD: Loonie Unchanged After July ADP Jobs Report Beat

    August 16, 2018

    Canadian ADP jobs report shows 11,600 new private sector jobs created during the month of July The U.S. Dollar continues to make strong gains against the Canadian Dollar despite the Canadian ADP jobs report beating market expectations, showing that 11,600 new private sector jobs were created in the Canadian economy during the month of July.

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  • GBP/USD: Sterling Bulls Maybe Testing To See If A Short-Term Bottom Is In Place

    August 16, 2018

    The British pound continues to trade around the 1.2700 handle against the U.S. Dollar as we head into the U.S. trading session, after the early rally towards the 1.2700 level soon fizzled-out. Longer-term issues such as Brexit and lower UK rates for longer continue to keep the GBP/USD pair relatively contained. Short-term bulls may be

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  • USD/JPY: Still Teetering Close To Head And Shoulders Pattern Neckline

    August 16, 2018

    The U.S. Dollar remains fairly subdued against the Japanese yen on Thursday as traders digest the latest news that China will visit Washington this month in order to quell the recent trade spat. The USD/JPY pair is also being driven by U.S. Dollar weakness, as the greenback pauses from a thirteen-month trading high. The USD/JPY

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  • DXY: Greenback Finds Support From The July 2017 Peaks

    August 16, 2018

    The U.S. Dollar Index is currently finding support from the trading peaks of July 2017, around the 96.50 region. The greenback took a pause from its recent unstoppable move higher yesterday, after finding resistance from just below the 97.00 mark. The U.S. Dollar was pressured lower this morning from news that China is to send

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  • USOIL: Price Threatens the July 18 Major Support – Bears on the Move

    August 16, 2018

    The USOIL price is hanging by a thread after it declined to 63.84 USD per barrel today, its lowest level in two months. This recent decline in price was probably due to the sentiment amidst the Turkish crisis and the surprising increase in US oil inventory. Technically, the overall trend remains bullish above the July

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  • USD/CAD: Price Remains Trapped in a Wedge-Like Pattern, Waiting for Breakout

    August 16, 2018

    Short-term trend, the US dollar is outplaying the Canadian Dollar for almost 2 weeks now. The price rose from 1.2959 to 1.3174. However, looking into the mid-term trend, the USD/CAD pair continues to create lower and lower highs since the June 27 high of 1.3386 to yesterday’s high of 1.3174. These lower lows are perfectly

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Live Trades

Pair Action   Status Entry S L T P Opening Time  
GbpNzd Buy Active - - - 2018/08/16 04:16:20 TRADE NOW!
GBPUSD Buy Active - - - 2018/08/15 01:53:01 TRADE NOW!

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Pair P&L/pip Closed Time
EURUSD 166 2018/08/13 06:14:25 TRADE NOW!
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