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Will Cable’s retracement give another bullish setup?

As Uk’s Parliament is in a deadlock, with Members of Parliament effectively passing a bill that prevents Boris Johnson from committing a no-deal Brexit but at the same time rejecting his bid to resort to snap elections, a potentially rewarding set-up is formed at the GBPUSD pair. Remember that in all Bank of England’s press […]

Bundesbank President Jens Weidmann defended the European Central Bank’s strategy

Good Morning , – FX traded in narrow ranges overnight but with risk- and commodity currencies leading the market. Key event will be today’s FOMC meeting, where they also release their projections followed by a press conference of chairman Bernanke. – Stocks: Nikkei +0.89 %, Hang seng +0.05 %, Shanghai Composite 0.33 %, Dow Jones […]

The greenback was the main gainer last week…

Good Morning,   – Despite a series of weak fundamental data from the United States, the greenback was the main gainer last week, advancing 1.16% versus its major peers, on hopes the Fed will delay tapering its QE until March 2014. – Canadian currency, or the so-called loonie, soared 1.10% on the back of stronger-than-expected […]