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EUR/USD: Fourth time’s a charm? Cracking 1.20 heavily hinges on data

April 16, 2021 - by - Leave a Comment

EUR/USD has been benefiting from falling US yields.  Previous and upcoming US data may trigger a dollar rally risks a downfall. Friday’s four-hour chart is pointing to fresh gains. Break …

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GBP/USD surrenders to US economic might, data could push it below triple bottom

April 16, 2021 - by - Leave a Comment

GBP/USD has reversed its gains as the dollar benefits from upbeat US data.  The last economic release for the week may outweigh Britain’s vaccine success.  Friday’s four-hour chart is showing …

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Forex news

US Retail Sales Analysis: America’s shopping spree could turn stocks down, the dollar up

April 15, 2021 - by - Leave a Comment

US Retail Sales have surged by 9.8% in March, smashing estimates.  Pressure on the dollar following tame inflation figures may be coming to an end.  The stock market rally may …

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GBP/USD set to succumb to America’s shopping spree, levels to watch

April 15, 2021 - by - Leave a Comment

GBP/USD has failed to hold above 1.38 as the dollar gained fresh ground.  US Retail Sales will likely dominate trading, overshadowing Britain’s reopening.  Thursday’s four-hour chart is painting a mixed …

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EUR/USD: Break or bounce at the triple-top? Three factors point to the downside

April 15, 2021 - by - Leave a Comment

EUR/USD has retreated as the Fed has begun mulling withdrawing stimulus ahead of US Retail Sales.  Vaccine delays in Europe continue weighing on the common currency. Thursday’s four-hour chart is …

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GBP/USD set to surge above critical resistance, with additional shots in the arm

April 14, 2021 - by - Leave a Comment

GBP/USD has been benefiting from dollar weakness to advance toward 1.38. The possibility of mixing vaccines may strengthen Britain’s resilience to supply shocks. Wednesday’s four-hour chart is showing that cable …

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EUR/USD: Next stop, 1.20? Overbought conditions and a vaccine scare may cause a pause

April 14, 2021 - by - Leave a Comment

EUR/USD has been riding higher after US inflation fell short of investors’ fears. The halting of J&J’s vaccine distribution may delay Europe’s exit from the covid crisis. Wednesday’s four-hour chart …

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GBP/USD: Rising from the hangover? Not so fast, as vaccine issues grip markets

April 13, 2021 - by - Leave a Comment

GBP/USD is turning down as concerns about Johnson & Johnson’s vaccines grip markets. Sterling continues benefitting from a rapid British vaccination campaign and Britain’s reopening. Tuesday’s four-hour chart is showing …

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EUR/USD: Sell the rumor, buy the fact? Why US CPI may trigger a euro rally

April 13, 2021 - by - Leave a Comment

EUR/USD has been under pressure as US yields rise once again. Elevated expectations for US inflation figures may result in a disappointment, weighing on the dollar.  Tuesday’s four-hour chart is …

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GBP/USD: Reopening rally? Bulls still have three hurdles to overcome

April 12, 2021 - by - Leave a Comment

GBP/USD has bounced from the triple bottom as the UK reopens. Brexit issues, US inflation and concerns, and vaccine scares may curb bulls’ enthusiasm. Monday’s four-hour char is showing bears …

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Recent Posts

  • EUR/USD: Fourth time’s a charm? Cracking 1.20 heavily hinges on data
  • GBP/USD surrenders to US economic might, data could push it below triple bottom
  • EUR/CHF: Neutral N-Term; Core Bullish L-Term For 1.15 – Credit Agricole
  • US Retail Sales Analysis: America’s shopping spree could turn stocks down, the dollar up
  • EUR/USD: Look A Cluster Of Resistance Around 1.1992/97 To Ideally Cap For A Top And Turn – Credit Suisse
  • GBP: April Seasonality Supportive N-Term But Further GBP Gains Are Going To Be Harder To Achieve – BofA
  • GBP/USD set to succumb to America’s shopping spree, levels to watch
  • EUR/USD: Break or bounce at the triple-top? Three factors point to the downside
  • GBP/USD set to surge above critical resistance, with additional shots in the arm
  • EUR/USD: Next stop, 1.20? Overbought conditions and a vaccine scare may cause a pause

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