May 2018

In Australia this week, the main events will be the release of wage growth and employment data on Wednesday and Thursday respectively, both at 01:30 GMT. Forecasts point to another set of decent figures, which may support the Aussie a…

Following the massive 13% surge which occurred early in April, the euro currency has been trading in an descending wedge against the Russian Ruble. It seems that this pattern might soon reach its maturity, thus resulting in a breakout and a…

EUR/AUD remains under pressure as it continues to trade within a trading range in the short-term over the last two months with upper boundary the 1.6140 resistance level and lower boundary the 1.5775 support level. The price hit the…

GBP/USD has been underperforming in the past eight days as it has failed to post a significant day of gains or losses. The pair is consolidating slightly above the 38.2% Fibonacci retracement level of 1.3510 of the upleg from March 12 to…

Today, retail sales data due out of the US at 12:30 GMT are expected to show that demand for goods continued to lose momentum in April, after being on the back foot the past three months despite consumers and businesses enjoying lower taxes…

Followed by a clear-cut H4 bullish pin-bar formation that pierced through H4 mid-level support at 1.1850, the euro attempted to recover against its US counterpart on Wednesday. Despite reaching highs of 1.1897, aided by a…

Canada’s employment data for April are due out on Friday at 13:30 GMT. Forecasts point to another solid report, which would confirm the Bank of Canada’s (BoC) view that any remaining labor market slack is quickly being absorbed. While a…

NZD/USD starts the day with a gap down and an aggressive bearish rally recording a fresh five-month low around the 0.6900 psychological level. The negative momentum remains in play as technical indicators endorse the scenario for further…