Daily Technical Analysis by XtreamForex

[xtreamforex.com]

GBP/USD – Focus on UK PM May’s speech & yield differential
GBP/USD was offered on Friday on fears that UK Prime Minister Theresa May would be forced out of her party. The currency pair dropped to a low of 1.3027 on Friday and ended the week at 1.3064 levels

ReadMore:https://www.xtreamacademy.com/2017/10/09/gbpusd-focus-on-uk-pm-mays-speech-yield-differential

 

[xtreamforex.com]

NZD/USD: Rebound remains capped below 0.71 on mixed NZ fundamentals
The NZD/USD pair is seen replicating yesterday’s Asian moves, as its recovery mode from four-month lows stalls once again near 0.7085 levels, despite broad USD weakness.

ReadMore:https://www.xtreamacademy.com/2017/10/10/nzdusd-rebound-remains-capped-below-0-71-on-mixed-nz-fundamentals

 

[xtreamforex.com]

GBP/USD: Will it sustain the 3-day rebound on Fed minutes?
The bulls failed once again near 1.3225 region in the Asian trades, sending GBP/USD pair back into the red zone near 1.32 handle, while markets eagerly awai

ReadMore:https://www.xtreamacademy.com/2017/10/11/gbpusd-will-it-sustain-the-3-day-rebound-on-fed-minutes

 

[xtreamforex.com]

GBP/JPY breaks the falling channel on BOE rate hike talk
GBP/JPY breached the falling channel to the upside and clocked a high of 149.07 as investors ignore political uncertainty in the UK and focus on increasing

ReadMore:https://www.xtreamacademy.com/2017/10/12/gbpjpy-breaks-the-falling-channel-on-boe-rate-hike-talk

 

[xtreamforex.com]

GBP/USD – Bullish outside day candle validates rally, but Vols remain high
GBP/USD rallied to a high of 1.3291 on Thursday after reports hit the wires that the EU is ready to do its bit in helping the UK avoid ‘Hard Brexit

ReadMore:https://www.xtreamacademy.com/2017/10/13/gbpusd-bullish-outside-day-candle-validates-rally-but-vols-remain-high

 

[xtreamforex.com]

USD/JPY- Investors hedge against Japanese election risk
USD/JPY one-week risk reversals fell to -3.41 yesterday, its lowest level since May 1 while the one-week at-the-money option volatility rose to a 11-day high of 8.05

ReadMore:https://www.xtreamacademy.com/2017/10/17/usdjpy-investors-hedge-against-japanese-election-risk

 

[xtreamforex.com]

China’s Xi: Will let the market play a decisive role in resource allocation
More comments flowing in from China’s President Xi, as he continues to speak at the opening of the 19th National Party Congress.

ReadMore:https://www.xtreamacademy.com/2017/10/18/chinas-xi-will-let-the-market-play-a-decisive-role-in-resource-allocation

 

[xtreamforex.com]

USD/JPY – Risk reversals retrace gains despite the breach of trend line hurdle
The Dollar-Yen pair closed yesterday above the resistance offered by the trend line sloping downwards from the March 10 high and July 11 high, still one-month risk reversals retracted gains.

ReadMore;https://www.xtreamacademy.com/2017/10/25/usdjpy-risk-reversals-retrace-gains-despite-the-breach-of-trend-line-hurdle

 

[xtreamforex.com]

UK retailers cut jobs in the third quarter at the fastest rate since 2008
The British Retail Consortium (BRC) said today that its members cut jobs over the past three months at the fastest rate since 2008 due to technological changes and rising employment costs

Read More:https://www.xtreamacademy.com/2017/10/26/uk-retailers-cut-jobs-in-the-third-quarter-at-the-fastest-rate-since-2008

 

[xtreamforex.com]

EU is preparing for no deal Brexit, says senior official
Stefaan De Rynck, an adviser to EU chief Brexit negotiator Michel Barnier, said the European Union (EU) does not want a “no deal” scenario but is preparing for one

Read More:https://www.xtreamacademy.com/2017/10/27/eu-is-preparing-for-no-deal-brexit-says-senior-official