BOC Optimism and Firmer WTI Boosts CAD

BOC held rates as expected, although their statement was optimistic enough to send the Canadian dollar sharply higher.

RBA Hold Rates, Yet Could ‘Ease’ Their Way Into 2020

In the final meeting of the year, RBA decided to keep rates on hold 0.75%, whilst keeping the door open for further cuts.

USD/CHF Hesitates Below Parity (A Level Undefeated Since May)

USD/CHF is approaching parity, a level which is clearly on the radar for market participants. Despite several failed attempts, USD/CHF has not closed above parity since May 2019. We could quibble over the fact that it opened above 1.0000… Read More

Samsung’s Breakaway Gap – The Beginning Of Something Larger?

A bullish breakout gap from a multi-month reversal pattern suggests Samsung’s run could just be getting started.

Copper And Antofagasta In Focus For Bulls

Since breaking out of its 7-month range, copper has developed a bullish trend structure and is showing signs of a potential bull-flag above the breakout level. With the 20-day average also supporting, we’re looking for prices to eventually… Read More

The Tide Could Be Turning On EUR/GBP

We highlighted in January that a defiant cable could be carving out its low for the year, and price action on EUR/GBP now also points towards Sterling strength.

Gold Coils Below 1300 – Breakout Pending?

With gold coiling at its highs amid an accelerating trend, we’re looking for a break of 1300.

Nasdaq To Extend Its Bounce?

Among the large US indices, the Nasdaq 100 has fallen the furthest from its highs. However, we’re starting to see signs that the tech benchmark could be oversold. We can see on the weekly chart that, having fallen… Read More