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Gold to find support by low US interest rates and Brexit
The price of gold has been given a boost in the aftermath of the Brexit vote on June 23. Since that date, there has been uncertainty surrounding...
Posted On 08 Jul 2016
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Dollar steady as markets turn attention to nonfarm payrolls
Markets will mainly focus on the release of US non-farm payrolls data later today. However, the report’s potential effect on the prospects...
Posted On 07 Jul 2016
USDCHF edged up at 0.9805, before retracing below the daily pivot.
EURUSD H4 Resistance 1.1131 1.1162 1.1213 Support 1.1048 1.0997 1.0966 Primary Scenario EURUSD is gyrating the daily pivot point at 1.1079. A...
Posted On 07 Jul 2016
Gold at 2 year highs, yen gains on continued nervousness
Markets in Asia were more stable on Thursday although there was still some ongoing nervousness owing to the fallout from Brexit. Not helping...
Posted On 07 Jul 2016
Aussie pressured as S&P warns on Australia’s credit rating
The Australian dollar has slid and shares have pared gains after Standard & Poor’s downgraded its outlook on Australia’s AAA...
Posted On 07 Jul 2016
GBPUSD is following a bearish outlook.
EURUSD H4 Resistance 1.1153 1.1231 1.1277 Support 1.1029 1.0983 1.0905 Primary Scenario EURUSD has tested the important support level at 1.1029....
Posted On 06 Jul 2016
Yen boosted by safe haven flows amid risk aversion
Risk aversion in the markets due to Brexit concerns led to a strengthening of the safe-haven yen while Sterling tumbled to a new 31-year low...
Posted On 05 Jul 2016
Carney lays out BOE measures to help calm post-Brexit concerns
Bank of England Governor Mark Carney made his third public appearance on Tuesday since the Brexit vote in June 23, by giving a speech to help...
Posted On 05 Jul 2016
USDJPY turned sharply bearish in today’s session.
EURUSD H4 Resistance 1.1174 1.1197 1.1236 Support 1.1113 1.1074 1.1051 Primary Scenario EURUSD is gyrating the daily pivot point at 1.1136. Any...
Posted On 05 Jul 2016
RBA decides to hold rates in times of uncertainty
The Reserve Bank of Australia decided to hold fire at its policy meeting on Tuesday due to uncertainty both at home and abroad, as federal...
Posted On 05 Jul 2016
Australian dollar steadies after RBA holds rates
The Australian dollar was in focus early on Tuesday as the currency weakened during Asian trading hours ahead of the Rserve Bank of Australia...
Posted On 05 Jul 2016
AUDUSD is trading near the previous top.
EURUSD H4 Resistance 1.1179 1.1222 1.1277 Support 1.1082 1.1028 1.0984 Primary Scenario EURUSD is trading slightly above the daily pivot point...
Posted On 04 Jul 2016
Brexit could unleash vicious cycle of low growth
The biggest economic risk from the Brexit vote is that it turns out to be the start of a vicious cycle of low growth and populist policies that...
Posted On 04 Jul 2016
Aussie under pressure as focus turns to election results
The Australian dollar has fallen early Monday morning to $0.7410. The general election in Australia over the weekend has ended in a veritable...
Posted On 03 Jul 2016
Nonfarm payrolls in focus
The new trading week will likely start off quietly as the economic calendar is light and also it is a holiday in the United States so markets...
Posted On 03 Jul 2016
EURUSD has experienced strong resistance during the week.
EURUSD H4 Resistance 1.1112 1.1162 1.1214 Support 1.1011 1.0959 1.0909 Primary Scenario EURUSD has experienced strong resistance during the week....
Posted On 01 Jul 2016
Decline for China manufacturing, Beijing to roll out stimulus
A set of official surveys concerned with China’s industries due throughout the day have so far shown that growth in the manufacturing...
Posted On 01 Jul 2016
Sterling unsteady after BoE remarks, euro following suit
The small steps made by the pound towards recovery after Monday’s low were put to a halt following dovish remarks from the Bank of England...
Posted On 01 Jul 2016
Foreign market dependent UK automotive industry hit hard by Brexit
Market volatility and low confidence resulting from last week’s UK referendum shock majority vote to leave the EU are playing out in...
Posted On 30 Jun 2016
AUDUSD has tested the resistance at 0.7466.
EURUSD H4 Resistance 1.1112 1.1162 1.1214 Support 1.1011 1.0959 1.0909 Primary Scenario EURUSD is now testing the hurdle in line at 1.1112. If...
Posted On 30 Jun 2016
Tentative recovery for battered pound, modest deterioration for dollar
Among the currencies hit by the after-shock of Britain’s vote to leave the EU, the dollar appears to be faring well, despite a small dip in...
Posted On 30 Jun 2016
Britain urged to begin exit procedures by EU leaders, market stability increases
Looking to avoid negative impacts on global economic growth, as warned by the IMF, and manage the economic and political uncertainty associated...
Posted On 29 Jun 2016
EURUSD is revolving the daily pivot point at 1.1061.
EURUSD H4 Resistance 1.1112 1.1162 1.1214 Support 1.1011 1.0959 1.0909 Primary Scenario EURUSD is revolving the daily pivot point at 1.1061. A...
Posted On 29 Jun 2016
Long-term outlook for sterling, euro shaky despite current lull
The euro and the pound sterling have managed to remain above their dramatic troughs experienced post-Brexit, although their long-term trajectory...
Posted On 29 Jun 2016
Cameron heads to EU Summit to discuss Brexit
Crucial times lie ahead as David Cameron, Prime Minister of the EU’s second largest economy, heads to Brussels later today to attend a...
Posted On 28 Jun 2016
EURUSD is oscillating near the previous low.
EURUSD H4 Resistance 1.1342 1.1390 1.1443 Support 1.1241 1.1188 1.1140 Primary Scenario EURUSD is oscillating near the previous low. A break back...
Posted On 28 Jun 2016
Sterling shows signs of cautious recovery, yen and dollar steady
After the initial impact of the Brexit vote result, the British pound appears to be cautiously stepping away from its trough last Friday....
Posted On 28 Jun 2016
UK credit rating faces downgrade following vote to leave EU
Following the result of the referendum last Thursday in which the majority of Britons voted to leave the EU, Moody’s has downgraded...
Posted On 27 Jun 2016
Effects of Brexit vote linger with struggling sterling, Asian stocks
Asian stocks have also been affected as the sterling continued to drop by more than 2% on Monday and markets grapple with the uncertainty caused...
Posted On 27 Jun 2016
AUDUSD is now testing the support level at 0.7403.
EURUSD H4 Resistance 1.1342 1.1390 1.1443 Support 1.1241 1.1188 1.1140 Primary Scenario EURUSD is still under pressure, trading below the given...
Posted On 27 Jun 2016
Manufacturing PMI in focus, as well as GDP out of UK and US
The focus next week will be on first quarter GDP results for the UK and the US. Also, Eurozone inflation and unemployment numbers will be...
Posted On 25 Jun 2016
Pound down on Brexit vote
A Brexit vote caused turmoil in the markets this morning and sterling tumbled to its lowest in over 30 years. GBPUSD dropped fast as the Leave...
Posted On 24 Jun 2016
GBPUSD slides to lowest in 31 years on Brexit win
Sterling plunged on Friday, hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a steep fall at the market open...
Posted On 24 Jun 2016
GBPUSD collapsed in today’s session.
EURUSD H4 Resistance 1.1342 1.1390 1.1443 Support 1.1241 1.1188 1.1140 Primary Scenario EURUSD plunged into fresh lows. Should the pair achieve...
Posted On 24 Jun 2016
AUDUSD is now poised to exceed the hurdle at 0.7536.
EURUSD H4 Resistance 1.1342 1.1390 1.1443 Support 1.1241 1.1188 1.1140 Primary Scenario EURUSD is now testing the hurdle at 1.1342. If the pair...
Posted On 23 Jun 2016
Sterling at highest in 6 months after latest polls favour Remain
Sterling jumped to its highest level in six months against the dollar on Thursday after the latest polls gave the “Remain” Camp in the lead ahead...
Posted On 23 Jun 2016
EURUSD turned back sharply in the previous session.
EURUSD H4 Resistance 1.1313 1.1385 1.1421 Support 1.1206 1.1169 1.1098 Primary Scenario EURUSD turned back sharply in the previous session....
Posted On 22 Jun 2016
Pound’s rally fizzles out a day before EU referendum
After rising to a five-month high against the US dollar on Tuesday, sterling’s rally ran out of steam today and traded sideways during the...
Posted On 22 Jun 2016
Yellen’s cautious testimony to Congress lowers rate hike expectations for July
Federal Reserve Chair Janet Yellen appeared before the US Senate in Congress on Tuesday to give her testimony on monetary policy and the US...
Posted On 22 Jun 2016
AUDUSD is testing the previous top at 0.7487.
EURUSD H4 Resistance 1.1362 1.1412 1.1442 Support 1.1281 1.1250 1.1200 Primary Scenario EURUSD is trading on the daily pivot point at 1.1331. A...
Posted On 21 Jun 2016
Pound stabilizes after briefly testing $1.47
Major currency pairs were consolidating after improvement in risk sentiment on Monday led to relief rallies in risk assets on the back of opinion...
Posted On 21 Jun 2016
Pound gains over 3 per cent since Friday
The pound took a pause from its rally on Monday when it gained 2.4 per cent. Coupled with a gain of 1.1 per cent on Friday, the currency has...
Posted On 21 Jun 2016
Turnaround in Brexit polls lifts the pound
Sterling started the new trading week with new strength and is on track for its best session since October 2009 after surging on the latest...
Posted On 20 Jun 2016
Pound boosted after polls show “remain” gaining ground
Improved sentiment following weekend polls on the UK’s European Union membership referendum and a weaker yen were pushing up shares around...
Posted On 20 Jun 2016
GBPUSD opened with a gap in today’s session.
EURUSD H4 Resistance 1.1305 1.1337 1.1379 Support 1.1231 1.1189 1.1157 Primary Scenario EURUSD cleared the resistance levels at 1.1305 and...
Posted On 20 Jun 2016
Brexit vote to take spotlight
The UK referendum vote on whether or not to remain in the European Union will no doubt be the main highlight of the week. In recent days, the...
Posted On 18 Jun 2016
EURUSD bounce up from the previous bottom.
EURUSD H4 Resistance 1.1301 1.1380 1.1465 Support 1.1137 1.1052 1.0973 Primary Scenario EURUSD bounce up from the previous bottom and is now...
Posted On 17 Jun 2016
Sterling bounces off two-month lows
Sterling saw quite a recovery from two-month lows as it bounced more than 0.5 percent against the dollar to as high as $1.4295 in early Asian...
Posted On 17 Jun 2016
Yen close to strongest level in two years as Brexit fears roil markets
The Japanese yen surged to its highest level against the dollar since August 2014 following the Bank of Japan’s policy decision to refrain...
Posted On 17 Jun 2016
USDJPY collapsed in today’s session.
EURUSD H4 Resistance 1.1307 1.1356 1.1415 Support 1.1199 1.1140 1.1091 Primary Scenario EURUSD is heading towards the resistance level at 1.1307....
Posted On 16 Jun 2016
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
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