USD weakens while GBP rallies on Brexit hopes

Market News & Analysis High impact economic news: 11:00 USD Fed Chair Powell Speaks 11:30 AUD Home Loans m/m 20:30 GBP GDP m/m 20:30 GBP Manufacturing Production m/m 23:30 USD CPI m/m UNITED STATESMixed jobs data out of the United States ended with a weaker USD...

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...

Trade progress fires up global markets; USD rallies

Market News & Analysis Upcoming high impact economic news: 10:50 JPY Prelim GDP TBA CNY Trade Balance 18:00 EUR German Prelim GBP 21:00 EUR Flash GDP q/q Increased optimism over a trade deal being reached between the United States and China fuelled global markets...

Australian dollar tumbles; ASX to open flat

Market News & Analysis Upcoming high impact economic news: 20:30 GBP GDP20:30 GBP Manufacturing Production20:30 GBP Prelim Business Investment 03:15 USD Federal Reserve Governor Michelle Bowman speaks FOREX Well, it couldn’t get much worse for the Australian...