April 2019

The Fed will announce its policy decision on Wednesday at 18:00 GMT. No action is expected, so Chair Powell’s remarks in the subsequent press conference (18:30 GMT) will likely steal the show. Inflation has cooled lately, which combined…

GBP/USD printed a bullish doji on Thursday near a 2 ½ -month low of 1.2864 before showing some recovery in the following sessions. While the RSI and the MACD seem to be improving in bearish territory, the market needs to overcome the…

After a lacklustre couple of weeks for foreign exchange markets, trading volumes are expected to return to somewhat more normal levels over the next seven days with plenty of risk events on the horizon. But with many European markets shut…

The buttered euro is expected to come under fresh volatility in the wake of preliminary Q1 GDP growth data out of the Eurozone on Tuesday at 09:00 GMT. The consensus is for a very modest growth as lack of progress in political and economic…

The US reports preliminary GDP growth figures for the first quarter of 2019 on Friday at 12:30 GMT, while at the same time on Monday, the March core Personal Consumption Expenditures (PCE) index, will move front and center to add further…

USD/JPY had a successful jump above the 112.00 handle on Wednesday, flirting with a fresh four-month high of 112.40. The price rebounded on the mid-level of the Bollinger Band (20-SMA) and hit the upper Boundary, which seems to be a real…

NZD/USD is continuing last week’s bounce, posting a new three-month low of 0.6580 and at the same time is in progress to confirm another lower low in the short-term. The short-term bias looks negative as prices are developing beneath the…

USD/CAD has successfully broken the upside border of the symmetrical triangle on Tuesday, letting the bulls to comfortably run as high as 1.3520 on Wednesday – near five-month highs. The market, however, seems to be nearing overbought zone…

USD/TRY has advanced above the 20- and 40-day simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the sell-off from 7.1135 to 5.1330, hitting a new six-month high of 5.8753. Looking at the technical indicators, the…

EUR/JPY is trading lower after it faced a double top formation on the 126.80 resistance level on April 15 and April 17. The price is challenging today the 50.0% Fibonacci retracement level of the upleg from 123.65 to 126.80 around 125.20,…