AUDUSD setting up to move back below 70 cents?

Market News & Analysis The Drums are getting louder for the RBA to cut rates, today JP Morgan analyst has called the RBA may cut the cash rate by 25 points in July and by a further 25 points in August. This comes after Westpac knocked the AUDUSD lower late...

CADCHF held in Wedge Pattern

Market News & Analysis CADCHF 12H remains tightly held in a wedge pattern that at the moment is hard to call a consolidation. Why is that? Normally this type of pattern will normally have four points, the current wedge has made six points which is starting to...

USDCAD at a crossroad – bullish pattern forming

Market News & Analysis USDCAD has had a mainly hard week dropping 72 pips till Wednesday’s close. Overnight USD bulls jumped back into action, the $/C recouping 56 pips its best single day rally since the 7th of Feb. Looking at the daily chart below, things...

Gold soaring, but multi year resistance awaits.

Market News & Analysis Gold has been back on the buyer radar for several months now, buyers have posted 5 positive months in a row since October last year for a gain of $154 since the October low. A weaker USD and geopolitical uncertainties have helped to drive...

Forex News: USDJPY powers back to Jan highs

Market News & Analysis USDJPY, price has made a remarkable recovery since the flash crash back in early January. After making a recovery to 109 price looked set to resume its downtrend as sellers re-engaged setting up what looked like a lower high continuation. ...