Latest Updates

USDCAD Holds the 1.34 Mark, Looking for a Break Higher

USDCAD Holds the 1.34 Mark, Looking for a Break Higher

USDCAD trades lower today at 1.3406 as loonie traders are cautious ahead of the important FOMC policy meeting.  Canada has fallen out of the top 10 of the world’s most competitive economies, a sign that Canadians may have a harder time succeeding financially in the coming years. This year edition [...]
Nikkei Trades Lower, Positive Momentum Holds

Nikkei Trades Lower, Positive Momentum Holds

The Japanese Nikkei 225 benchmark trades lower today at 20,958 as traders await the key Federal Reserve meeting on Wednesday for clues on the Central Banks next move. This will be one of the most important meetings, where apart from the rate decision, the statement and press conference, we also [...]
What will Drive FX Markets Today

What will Drive FX Markets Today

EURUSD traders await today the German ZEW survey for June, as well as Eurozone’s final CPIs for May and trade balance for April. Analysts expect the current conditions and economic sentiment ZEW indices to have decline, while Eurozone’s final CPIs for May are expected to confirm their preliminary estimates. With [...]
Gold Trapped Between 50 and 200 Hour MA

Gold Trapped Between 50 and 200 Hour MA

Gold is trading higher after a volatile session which started lower and stopped at the 200 hour moving average at 1,332, but started to rebound during European session and hit the daily high at 1,343.35 at the 50 hour moving average. The precious metal looks trapped between the hourly moving [...]
Dow Starts Higher ahead of FOMC Meeting

Dow Starts Higher ahead of FOMC Meeting

Indices in Wall Street started higher on Monday with the Dow Jones adding 66 points to 26,132 as traders await the key Federal Reserve meeting on Wednesday for clues on the Central Banks next move. This will be one of the most important meetings, where apart from the rate decision, [...]
EURUSD Tests the Resistance at 1.1245

EURUSD Tests the Resistance at 1.1245

Euro after a quiet session trading in just 10 pips trading range managed to break higher at 1.1240 amid geopolitical tensions, after USA accuses Iran for the two attacks in oil tankers at the Gulf of Oman. Traders are awaiting the FED policy meeting while global markets closely monitoring the [...]
FTSE 100 positive bias Ahead of BoE and FED

FTSE 100 positive bias Ahead of BoE and FED

FTSE 100 started the week flat at 7,343 as traders adopted a cautious stance on risk heading into this week's key event; the FED policy meeting while global markets closely monitoring military developments in the Gulf region and an escalation in US-China trade war. The July futures suggest a 66.6% [...]
Pound Consolidates Below 1.26

Pound Consolidates Below 1.26

GBPUSD trades at 1.2585 in narrow trading range as traders and investors focus is on Wednesday’s FOMC policy meeting and policy announcement from the Bank of England. I expect volatility around FOMC to be substantially higher than the most recent FOMC meetings. Wilbur Ross disappointed investors that we might get [...]
AUDUSD Trades Flat at Four Week Lows

AUDUSD Trades Flat at Four Week Lows

The Aussie dollar trades flat during the Asian trading session at 0.6872, ahead of Wednesday’s FOMC policy update. USD got a lift on Friday after better retail sales and industrial production. On the other hand AUD failed to capitalize on better Chiana macro figures and stronger commodities prices. Economist’s boosted [...]