17 Nov: US$ still in demand ahead of a heavy day of data. EU/US CPI in focus.

The US$ is firm at the end of Wednesday trade although off its highs after the dollar index (DXY) briefly broke above the December 2015 high of 100.51 to make a 13 year high at 100.53. It is a little lower going into the US session close, but a strong CPI reading due later today could be the catalyst to provide renewed momentum data to carry the dollar to new highs. As for the Wednesday session……..

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We are making some significant changes to the FXCharts site to bring everything up to date and add some new content for a changing market. Don’t worry about losing the regular daily market report, that will remain and will continue to be our flagship item but we will be adding new content, not just market but also educational,… Read More »

16 Nov: Strong US Retail Sales underpin the dollar. Gbp bounces on news of a possible Brexit delay.

The US$ has retained its positive momentum in the US session following the upbeat release of the October US retail sales, which rose by 0.8% versus expectation of 0.5%. The ex-auto sales rose 0.8%, also above expectation of 0.6%. In other positive news from the US, the NY Empire state manufacturing index rose to 1.5 in November, above expectation of -1. The DXY has broken above 100.00 and is now not too far away from……..

GBPUSD FX Charts Outlook

GBPUSD: 1.2595 Resistance Support 1.2820 (61.8% of 1.3445/1.1821) 1.2500 Minor 1.2770 Minor 1.2450 Minor 1.2700 55 WMA 1.2425 100 HMA 1.2670 Minor 1.2400 (23.6% of 1821/1.2556) 1.2640 Minor 1.2300 Rising trend support Bias Sterling outperformed again on Friday, by heading up to 1.2673 as shorts were covered, before giving up some of the gains to […]

AUDUSD FX Charts Outlook.

AUDUSD: 0.7540 Resistance Support 0.7650 (50% of 0.7777/0.7525) 0.7525 Friday low 0.7621 (38.2% of 0.7777/0.7525) 0.7505 13 Oct low/200 DMA 0.7600 Minor 0.7495 100 WMA 0.7585/88 (23.6% of 0.7777/0.7525)/100 DMA 0.7460 Minor 0.7560 Minor 0.7441 13 Sept low Bias Following last week’s spike up to a new 7 month high at 0.7777 the Aud$ has […]

EURUSD – FX Charts Outlook #fx #forex

EURUSD: 1.0854 Resistance Support 1.0975 100 HMA 1.0830 Friday low 1.0940 (23.6% of 1.1299/1.0830) 1.0821 10 Mar low 1.0923 Friday high 1.0800 Minor 1.0900 Minor 1.0775 (76.4% of 1.0521/1.1616) 1.0875 Minor 1.0710 5 Jan low Bias Eur/Usd remained heavy on Friday, with the dollar still underpinned by Trumps victory, and headed into the good support […]