April 2018

USD/SEK hit a fresh 10-month high of 8.7389 earlier on Friday. Indicative of the positive bias in the short-term is the fact that the pair finished higher in all but one of the five previous trading days. Adding to the conviction for a…

The central bank theme will continue next week as the US Federal Reserve and Reserve Bank of Australia hold policy meetings. The latest nonfarm payrolls report and PCE inflation figures look set to keep the US dollar at the centre of…

Economic growth in the UK might have slowed down in the first quarter of 2018 as the heavy snowfall in February and in March kept consumers indoors, weighing on household spending. While this could be proven temporary later in the second…

The US will see the release of its advance Q1 2018 GDP growth estimate on Friday at 12:30 GMT. Economic activity is projected to have slowed considerably relative to the previous quarter, though the softness is unlikely to trouble Fed…

NZD/USD has come under renewed selling pressure, completing a new 4-month low of 0.7055 earlier today. The pair has been plunging over the last seven trading days, losing more than 300 pips. Furthermore, the price slipped below the…

The Bank of Japan will announce its latest monetary policy decision on Friday after concluding a two-day meeting. The announcement could easily be a non-event as the Bank is widely expected to keep policy unchanged and not make any…

USD/JPY extends its gains after the penetration of the 108.20 strong barrier during Monday’s session. Earlier today the price recorded a fresh more than two-month high of 109.46 and has added more than 250 pips over the last six trading…

The Canadian dollar was able to push back during Wednesday’s movement and bring the USD/CAD lower from April’s opening level at 1.2894 seen on the H4 timeframe. The pair managed to print a mild bottom (seen clearer on H1) around March’s…

The US dollar continued to advance against its Swiss counterpart on the back of higher US Treasury yields. The 0.98 handle was taken out in reasonably strong fashion in early Asia on Wednesday, which, as you can see, generated further…