Josesv's Blog

Intraday bias in GBP/JPY remains neutral at this point. On the downside, below 144.37 will target 143.18 first. Break will resume larger decline from 156.59 and target 139.25/47 cluster support level. However, break of 148.10 will resume the rebound from 143.18 and that will also be the first...

Last weeks Bank of England monetary policy announcement is a game changer for sterling. Although the BoE left interest rates and monetary policy completely unchanged, sterling jumped nearly 2 cents after the central bank revealed that 3 of its members voted in favor of an immediate rate hike...

There are a number of forces pressuring the US dollar lower from profit taking, the drop in US stocks, the slide in US yields to President Trumps relationship with the rest of the world. The US trade war also puts pressure on the markets and the US Supreme Courts ruling that state sales tax can...

The British pound is now on track to stage its 3rd straight day of gains after a bullish statement by the bank of England last week regarding interest rates but some say the big picture, namely the actions surrounding Brexit will keep the currency from sustaining any meaningful rally. The...

GBP/CAD spiked up on Friday but hit resistance at 1.7770 and quickly pulled back to find support near the 1.7570 zone. On Monday, the rate traded in a consolidative manner, between that support and the 1.7635 resistance. Despite Fridays slide, the price structure remains of higher peaks and...

The Canadian dollar is slightly lower in the Monday session. Currently, USD/CAD is trading at 1.3291, up 0.19% on the day. On the release front, there are no Canadian releases until Thursday. In the U.S, New Home Sales is expected to climb to 665 thousand. On Tuesday, the U.S releases CB...

On Friday the 22nd of June, trading on the euro closed up. The US' trade wars with China and the EU had a negative impact on US Treasury bond yields. The yield on 10-year bonds fell from 2.92% to 2.59%. This weakening had a positive impact on the euro. The single currency also received support...