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Morning brief for November 21, 2016 11/21/2016 The US dollar extended its run of good luck against major currencies on speculation Trump economic policies might lead to faster monetary tightening. US Treasuries continue to rise. EUR/USD traded higher to 1.0610. Now the pair slid back from its...

USD/JPY: bulls accelerate their pace 11/21/2016 On the USD/JPY daily chart, after the target on the previously formed longs was fulfilled, quotes continued their rally towards 112.5. There is 161.8% target in the "Crab" inverted pattern. At the present moment, "bulls" remain their control over...

Bulls lost control over the market 11/21/2016 On the daily chart of gold, a breakout of the lower boundary of the medium-term upward channel has become a signal of the change of the trend. At the present moment, "bears" remain control over the market. A test of the support at $1210 (50%...

USD/JPY: outlook for Nov. 21-25 11/18/2016 The accelerated march of USD/JPY to the north continued. The pair rose above 110.00 boosted by the stronger dollar and advance in Japanese stocks, which showed good gains after Donald Trump’s victory in the US presidential election. The Topix index...

EUR/USD: outlook for Nov. 21-25 11/18/2016 It was a week of freefall for the euro. EUR/USD opened with a gap down at 1.0830 and slumped to 1.0600. It’s the longest ever losing streak for the single currency. The euro is losing to the US dollar as the Federal Reserve is now widely expected to...

US dollar: outlook for Nov. 21-25 11/18/2016 US dollar showed another week of strong gains versus its counterparts. US dollar index opened with a gap up above 99.00 and reached 101.40, the highest level since 2003. The currency is testing the upper edge of the broadening formation seen on the...

NZD/JPY reached buy target 77.70 11/18/2016 NZD/JPY reached buy target 77.70 Next buy target - 79.00 NZD/JPY continues to rise inside the minor impulse wave 5, which belongs to the intermediate (C)-wave of the primary ABC correction ? from the end of June. The active wave 5 started earlier...

AUD/CAD reached sell target 1.0000 11/18/2016 AUD/CAD reached sell target 1.0000 Next sell target – 0.9900 AUD/CAD continues to fall after the earlier breakout of the support zone lying between the parity (which was set as the sell target in our earlier forecast for this currency pair) and...

AUD/USD weekly outlook for Nov.21-25, 2016 11/18/2016 AUD/USD slumped to 0.7370 in the course this week following the sharp fall in iron ore prices and broader USD strength. Weak statistical data on the Australian wage growth and employment fell of the expectations contributing to the Aussie’s...

Key option levels for Friday, November 18th 11/18/2016 GBP/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 91 ? + 140 ? Closest resistance levels 1.2437; 1.2466/78; 1.2510; 1.2532 Closest support levels 1.2420; 1.2390...

GBP/USD weekly outlook for Nov.21-25, 2016 11/18/2016 GBP/USD fell this week mainly on the strengthening of the US dollar. On Tuesday, the Bank of England governor Mark Carney in his testimony to the Treasury Select Committee said that he expects the inflation rate to rise despite the weak...

Morning brief for November 18,2016 11/18/2016 USD/JPY surged above 110.55. The greenback was buoyed after Fed Chair Yellen confirmed that a rate hike could come “relatively” soon. Yesterday the BOJ launched an implementation of its yield curve policy buying JGBs to weaken the yen. Today the...

USD/CAD: bulls continue their rally 11/18/2016 On the USD/CAD daily chart, after targets on the previously formed longs were fulfilled, "bulls" face with the resistance at 1.3572 (50% Fibo retracement level from the last long-term downward wave + target 161,8% in the "Crab" inverted pattern). A...

USD/CHF: Crab will show the way to bulls 11/18/2016 On the USD/CHF daily chart, after target on the previously formed long was fulfilled, "bulls" faced with the convergence zone. If they manage to test the resistance at 1.009 (78,6% Fibo level from XA wave), the transformation of "Gartley"...

EUR/USD & Draghi Speech: Are we about to see a bottom in the Euro? 11/18/2016 Today at 08:00 GMT will speak the ECB’s president Mario Draghi from Frankfurt; the current location of the central bank’s offices. It should be interesting to see what will be the reaction from the ECB leader after...

USD/JPY: "Window" acted as support 11/18/2016 We’ve got a “Doji” pattern, which hasn’t been confirmed yet, so bulls are still here. In this case, the price is likely going to test the nearest resistance soon. If we see a pullback from this level, there’ll be an option to have a bearish...

EUR/USD: bears going to reach support line 11/18/2016 There’s a bearish trend on the Daily chart. Also, we don’t have any reversal pattern so far. However, there’s an opportunity to have a local upward correction, but bears will probably try to deliver a new low afterwards. We’ve got a...

GBP/USD: bearish "Triangle" 11/18/2016 The price is consolidating between the nearest resistance at 1.2556 and the 55 Moving Average. Therefore, bears are likely going to get a support at 1.2330 in the short term. If a pullback from this level happens, there’ll be an option to see a bullish...

EUR/USD: two "Flags" in a row 11/18/2016 There’s a “Flag” pattern, so the market is likely going to decline towards the nearest support at 1.0600 – 1.0572. However, if we see a pullback from this level, there’ll be an opportunity to have an upward movement in the direction of a resistance at...

Fundamental analysis for GBP/USD 11/17/2016 GBP/USD rose mainly on the upbeat retail sales report released earlier today. As soon as the High Court announced its decision on the legality of “Brexit” traders warmed to sterling having stopped to sell it disorderly. Now the market awaits a...