December 2018

AUD/USD is seeing some positive momentum today after touching an almost 35-month trough of 0.7016 on Thursday. However, the upside momentum is weak, with the %K and %D lines of the stochastic oscillator posting a so-far unconvincing bullish…

USD/CHF has retreated significantly from the 20-month peak of 1.0127 set on November 13, retracing almost 50% of its September to November gains. The slide has been halted for the moment by the 50% Fibonacci retracement level at 0.9834.…

USD/CAD had one of its best trading sessions for this year last week, gaining more than 1.5% to close at 1.36, while this week the pair continues to attract buying interest, with the price registering a fresh high for 2018 at 1.3631 on…

As 2018 draws to a close, the heavily sold currencies are set to end the year off their lows, while the US dollar – one of the biggest winners of 2018 – appears on track to start 2019 on a negative footing. While it’s too early to predict…

As the holiday period begins, markets will go into quiet mode for the next two weeks with little on the economic agenda to keep traders at their desks. However, with the market sentiment being stuck in risk-off mood, there is a threat that…

The Federal Reserve’s policy meeting will be the main attraction next week as speculation grows the US central bank could signal slowing down the pace of rate hikes. Policy meetings by the Bank of England and Bank of Japan are not expected…

USD/CAD is losing momentum after the aggressive upside run towards the 18-month high of 1.3443 on December 6. The price is developing well above its moving averages which are positively sloped, a sign that the uptrend could continue and…

EUR/CHF remains on a soft footing, trading firmly below both its 50- and 200-day simple moving averages (MAs), which keeps the broader outlook cautiously negative. That said, a decisive break below the August lows of 1.1180 is required to…

The US will see the release of its latest retail sales figures on Friday, at 13:30 GMT. This will be the final tier-one data set ahead of the Fed’s highly anticipated meeting next week, so it may prove especially important for the dollar.…

EUR/AUD is losing some ground after the sharp upside rollercoaster in the preceding week. The price struggles below the 1.5880 resistance level and above the 23.6% Fibonacci retracement level of the upleg from 1.3620 to 1.6350 around…