Dollar Drifts after sell signal, USDCAD confirms breakdown

Expert
  • Focus on Market Profile on equities
  • US Dollar Index negative
  • EURUSD slightly positive
  • GBPUSD modest up trend
  • USDJPY buy signal
  • AUDUSD and NZDUSD positive
  • USDCAD prior bear signal reinforced

Latest News

Current Market Analysis
Forex markets tend to reverse/ accelerate into holidays

US Dollar Index closes right at final key resistance EURUSD not as negative as US Dollar Index is positive GBPUSD vulnerable  NZDUSD negative signal, poised at key support EURCAD long exited 

EURUSD Chart 2019-04-18
EURUSD – Euro positive short-term

The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here). The EUR USD currency pair recovery through resistance levels has partly reflected a renewal … Continued

ftse 100
European equity markets head North

A solid advance by the major European (and in fact global) equity markets over the past 24 hours, building on the renewal of risk appetite over the past week as global equity markets have entered earnings season. Moreover, this more recent positive tone has built on the intermediate-term bullish trends from late 2018 through Q1 … Continued

Pound paralysed post-Brexit extension

The UK government and EU agreed a flexible extension (flextension) to the Brexit negotiation process last week, which avoided a “no deal” Brexit, which would normally be expected to be positive for the Pound. However, Sterling has been paralysed with muted directional progress versus the UD Dollar or Euro since the extension was agreed. This … Continued


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