The GBP/USD is trending higher The GBP/USD is trending higher
Jason Lubin December 24, 2020 10:50 PM
Look to the 50-day simple moving average for support. Share:
The US Dollar was bearish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, no major economic data was released.
On Friday, US markets will be closed to observe Christmas Day.
The Euro was bearish against most of its major pairs with the exception of the CHF and JPY.
The Australian dollar was bullish against most of its major pairs with the exception of the GBP.
The EUR/USD appears to be advancing in a strong short-term uptrend
Jason Lubin December 23, 2020 11:00 PM
If price retreats look to the 20-day simple moving average for support. Share:
The US Dollar was bearish against all of its major pairs on Wednesday. On the US economic data front, the Mortgage Bankers Association s Mortgage Applications rose 0.8% for the week ending December 18th, compared to +1.1% in the week before. Durable Goods Orders increased 0.9% on month in the November preliminary reading (+0.6% expected), compared to a revised +1.8% in the October final reading. Initial Jobless Claims dropped to 803K for the week ending December 19th (880K expected), from a revised 892K in prior week. Continuing Claims unexpectedly fell to 5,337K for the week ending December 12th (5,560K expected), from a revised 5,507K in the previous we
The USD/CAD appears to be headed for 1.3020
Jason Lubin December 22, 2020 10:45 PM
On Monday the USD/CAD broke out to the upside of a descending broadening pattern. Share:
The US Dollar was bullish against all of its major pairs on Tuesday. On the US economic data front, GDP rose to +33.4% for the third quarter third reading (+33.1% expected), up from +33.1% in the third quarter second reading. The Conference Board s Consumer Confidence Index dropped to 88.6 on month in December (97.0 expected). from a revised 92.9 in November. Finally, Existing Homes Sales slipped to 6.69 million on month in November (6.70 million expected), from a revised 6.86 million in October.
GBP/USD looking to break out of consolidation GBP/USD looking to break out of consolidation
Gary Christie December 16, 2020 9:29 PM
Increased volatility is anticipated around BoE rate decision: Chart Share:
The US Dollar was bearish against most of its major pairs on Wednesday with the exception of the CAD and CHF. On the US economic data front, the Mortgage Bankers Association s Mortgage Applications rose 1.1% for the week ending December 11th, compared to -1.2% in the previous week. Retail Sales Advance dropped 1.1% on month in November (-0.3% expected), compared to a revised -0.1% in October. Markit s US Manufacturing Purchasing Managers Index slipped to 56.5 on month in the December preliminary reading (55.8 expected), from 56.7 in the November final reading. Finally, the Federal Open Market Committee
USD/CAD remains under pressure ahead of Canadian CPI USD/CAD remains under pressure ahead of Canadian CPI
Gary Christie December 15, 2020 10:00 PM
Here are some key levels to watch in the decline: Chart Share:
The US Dollar was bearish against all of its major pairs on Tuesday. On the US economic data front, Empire Manufacturing unexpectedly fell to 4.9 on month in December (6.3 expected), from 6.3 in November. Finally, Industrial Production rose 0.4% on month in November (+0.3% expected), compared to a revised +0.9% in October.
On Wednesday, the Mortgage Bankers Association s Mortgage Applications data for the week ending December 11th is expected. Retail Sales Advance for November is expected to slip 0.3% on month, compared to +0.3% in October. Markit s US Manufacturing Purchasing Managers Index for the