Risk holding to the Yen for now.

Market News & Analysis Looking at the three main risk / JPY pairs we can see increasing signs of short term low’s developing to the JPY.  The JPY has seen solid demand off the back of the current trade worries between the U.S. and China. Normally in times of...

Could the RBA send the AUDUSD back to GFC levels?

Market News & Analysis The AUDUSD continues its migration south, due to multiple reasons at the current time. Trade War, USD strength and the RBA are all putting pressure on the AUD. Today’s RBA minutes gave traders no reason to doubt possible future rate...

EURJPY holding for a new leg lower?

Market News & Analysis Looking at the EURJPY daily we can see buyers have started to stall the decline from a previous low. The point of the low which has also now formed the base of a descending triangle pattern which are normally seen as continuation patterns in...

GBPJPY testing pattern base

Market News & Analysis Looking at the GBPJPY daily chart we can see that price has returned to the base of its longer-term descending triangle pattern. The base of this patter has held since February. While price remains above the base we would be looking for...

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...