Prospects for Germany’s economy have likely remained grim in August. The ECB is watching the survey data ahead of its next decision. FXStreet’s Surprise Index is pointing to a disappointing outcome that may weigh on EUR/USD. A car cannot ac…
Author: Yohay Elam
GBP/USD has been retreating from the highs reached after Merkel’s comments. The Johnson-Merkel meeting will be closely watched by markets. Wednesday’s four-hour chart is pointing to potential gains for GBP/USD. Is Germany ready to compromis…
EUR/USD is trading around 1.1100 amid the Italian political crisis. The meeting minutes from the Federal Reserve are set to move markets later today. Wednesday’s technical chart is bearish, showing lower highs. Italians are known for being dramat…
GBP/USD has recovered after German Chancellor Angela Merkel opened the door to a solution on the controversial Irish backstop topic that the UK government opposes. Can sterling continue higher? The Technical Confluences Indicator is showing that GBP/US…
GBP/USD has been losing ground amid the Brexit impasse. Tension ahead of the Fed and PM Johnson’s meetings weigh as well. Tuesday’s four-hour chart is showing that GBP/USD has fallen back to the downtrend channel. “All politics is loc…
Cryptocurrencies have been consolidating gains after rising on Monday. Some are better-positioned than others to advance. Here are the next levels to watch according to the Confluence Detector. Trading cryptos is not a one-way street – meteoric unstopp…
EUR/USD has been on the back foot amid concerns German and Fed stimulus. Italian politics may provide relief for a change. Tuesday’s four-hour chart is pointing to further falls for the currency pair. EUR/USD has been falling for five days – and …
The US-Sino trade spat is raising market volatility. Five significant developments are indicating President Trump is losing. The US dollar has yet to react to developments. “Trade wars are good and easy to win” – said US President Donald Tr…
GBP/USD has been slipping back amid fears of a hard Brexit. Both Conservatives and Labour are preparing for an early election. Monday’s technical chart is mixed for GBP/USD. Pound traders have no time for the yellow sand on the beach – as the Pro…
Cryptocurrencies have been rising as a new week kicks off. Binance has revealed its project Venus rivaling Facebook’s Libra. Here are the next levels to watch according to the Confluence Detector. Cryptocurrencies have been advancing once again, …