February 2018

USD/SEK has turned bullish in the short to medium term, hitting a 2-month high of 8.2693 earlier today. The US dollar / swedish krona currency pair is currently trading above its moving averages (MA), while the 20-day MA is attempting a…

EUR/JPY has been plunging since February 21 and recorded the fifth consecutive negative trading day on Wednesday. During today’s European session the pair created a new 5-month low of 130.73 and holds below the 131.15 key level, which was…

AUD/USD retreats over the last couple of sessions and risk is still to a bearish correction as price continues to drift lower from the 0.7990 resistance level. The price posted a pullback on the 20-day simple moving average on Monday and…

Eurozone flash inflation figures for the month of February are scheduled for release on Wednesday at 10h00 GMT. Price pressures are anticipated to ease on an annual basis, with market participants potentially extrapolating from the numbers…

CAD/JPY has been plunging in the past three weeks, breaking below the 85.45 key level during the previous sessions. The aggressive sell-off drove the pair below the 20 and 40 simple moving averages in the daily timeframe, while the…

WTI crude oil futures are edging marginally lower today, following the pullback from the 3-week high of 64.20 resistance level. When looking at the bigger picture, price action maintains a bullish tone, however, a small downside retracement…

Jerome Powell is the new Fed chair replacing Janet Yellen after her term expired this month and without doubt market watchers are eagerly waiting to hear whether his views on the economy support the pre-existing monetary policy script.…

GBP/USD posted a red day on Monday, while after the sharp upward rally ended the day below its opening level. The price struggles within the 20 and 40 simple moving averages in the daily timeframe and the short-term technical indicators are…