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Trade issues key as USD/CAD hits a fresh year-to-date high

Trade issues key as USD/CAD hits a fresh year-to-date high

Well, it’s official, the Trump Administration has slapped a 25% tariff on 818 Chinese goods, with a total value of up to $50 billion. This action comes on top of the recent decision to impose steel and aluminum tariffs on many U.S. allies, including Ca…

Dollar higher after Fed hike and dovish ECB

Dollar higher after Fed hike and dovish ECB

The U.S. dollar gained against all major pairs this week. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. U.S. President Donald Trump scored diplomacy points in Singapore by meeting with North Korean leade…

Major market ranges & directions for the week of June 18

Major market ranges & directions for the week of June 18

The coming week (June 18-22) should continue the trend of trending symbols. The only potential exceptions are gold and soybeans whose weekly pivots are sideways for reversal scalpers and who already made a wide-range move likely to consolidate sideways…

The Aussie/dollar breaks below this level

The Aussie/dollar breaks below this level

The Aussie/U.S. dollar currency pair made a strong and firm break below the 0.7512 bearish level and the lower corrective channel line. The U.S. dollar/Swiss franc currency pair is trading higher today, unfolding a nice and clear bullish structure from…

Elliott wave Analysis: AUD/USD & USD/CHF

Elliott wave Analysis: AUD/USD & USD/CHF

The Aussie/U.S. dollar currency pair made a strong and firm break below the 0.7512 bearish level and the lower corrective channel line. The U.S. dollar/Swiss franc currency pair is trading higher today, unfolding a nice and clear bullish structure from…

Markets under pressure ahead of tariff announcement

Markets under pressure ahead of tariff announcement

It’s been a relatively mixed start to trading in Europe on Friday and the United States is on course to post small losses at the open, as the focus shifts from central banks back to trade.

EUR/GBP on the brink as ECB-BoE policy divergence widens again

EUR/GBP on the brink as ECB-BoE policy divergence widens again

The euro/British pound (EUR/GBP) currency pair could be on the verge of a breakdown after the European Central Bank’s policy decision on Thursday. While the central bank’s plan to end quantitative easing programme at the end of the year was a hawkish d…