The GBP/USD pair climbed higher toward the 1.32 mark earlier in the day but failed to preserve its momentum amid a lack of fundamental drivers and fresh headlines surrounding Brexit. As of writing, the pair was trading at 1.3140, losing 0.10% on a daily basis. Earlier today, the European Union's…

Despite the single currency's fall to 1.1184 on Tuesday, subsequent strong rebound to 1.1255 yesterday on the release of upbeat services PMIs from the eurozone suggests decline from March's peak at 1.1448 has ended there and choppy trading above March's 20-month trough at 1.1177 would continue with upside bias, however,…

EUR/USD has posted gains on Tuesday. Currently, the pair is trading at 1.1246, up 0.37% on the day. On the release front, the focus is on the service sector. German and eurozone services PMIs indicated expansion and beat their estimates. Eurozone retail sales slowed to 0.4%, but managed to beat…

After the third bearish bounce at 0.71300 region in the descending triangle, AUDUSD is been Falling since today's early Asian session as the language in the RBA meeting statement was softer than previous report. As of writing, the pair tested 0.70600 area which is been unbroken since March March 25.…

The dollar was close to its highest level in nearly three weeks in early trading in Europe Tuesday, as the rising likelihood of a disruptive and disorderly Brexit hit confidence in both the euro and sterling. At 03:00 AM ET (0700 GMT), the dollar index, which measures the greenback against…

USDCHF above the averages and although the proximity of parity is a concern, as are overbought extremes, our technical studies are assessed as bullish. So, this morning’s call is Bullish from the open but leaving room to also buy a .9970 dip, an intraday Marabuzo line . The risk is…

XAUUSD managed to break the 1300.00 mark last week but failed for a further bullish momentum and bounced back at January Last high at 1320.00. Starting with a new week, XAUUSD bulls finds new support at 1290.00 (March 1st week High). Today's US economic docket, highlighting the release of monthly…

After Theresa May's Withdrawal Agreement was rejected in her third attempt to get it through Parliament last week MPs will today vote on a number of alternatives in a second round of indicative votes. Where does this leave the Brexit process? Is the Prime Minister going to have to resign…

EURUSD the pair gained bearish momentum below the 1.1285 support and the 61.8% Fib retracement level of the last wave from the 1.1176 low to 1.1447 high. The pair traded below the 1.1250 support and settled well below the 200 simple moving average (4-hours, green) and 100 simple moving average…

The dollar is holding on to most of its recent gains in early trading in Europe Friday, supported by fears of an extended period of uncertainty over Brexit that is weighing on both sterling and the euro. Downbeat comments from President Donald Trump's chief economic adviser Larry Kudlow late Thursday…