Category Archives: Forex

USD/JPY Price Prediction: Trade Talks and FOMC Minutes are Huge Downside Risks; 110.25 Key Daily Support Eyed

Focus shifts to a possible FOMC hiking halt confirmation following the dovish rate decision from January. Trade talks continue in Washington, with USD pumped up on much optimism. The USD/JPY bulls have been pushing the pair higher at quite some pace, as it completed its second consecutive trading week in the green. It has gained around […]

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GBP/USD Price Prediction: Cable Could be Hit Harder This Week

Big fundamental data points will play a massive role in the direction of GBP this week. GBP/USD downside targets are eyed at 1.2800 and then the range of 1.2750-1.2650. It is another week where GBP takes the spotlight with a raft of key economic data points being released from the UK. This comes after an […]

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Return of the Dollar Bulls? Options Market Shows Bigger Upside for the Greenback

A less hawkish Federal Reserve was supposed to be the death knell for the U.S. dollar. Instead, the greenback has rallied for five consecutive days, defying a growing consensus on Wall Street that the currency is heading for darker days. Now, signals from the options market suggest more gains are likely in the short term. […]

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GBP/USD Price Prediction: Cable Flood Gates Open to Fresh Wave of Sellers

GBP/USD was under heavy attack throughout the session on Tuesday, following a poor UK services PMI data release. The next major areas of support should be noted at 1.2900, 1.2870-30 and then 1.2750-00. The British pound was hit with heavy selling pressure on Tuesday, resuming the trend which was kick-started last week. Looking at GBP/USD […]

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There’s Too Much Pressure On USD

By Dmitriy Gurkovskiy, Chief Analyst at RoboMarkets There were enough statistics from the USA last Friday. The Unemployment Rate increased to 4.0% in January after being 3.9% the month before. However, the indicator wasn’t expected to change. The Average Hourly Earnings added only 0.1% m/m over the same period after expanding by 0.4% m/m in […]

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GBP/USD Price Prediction: Cable Subject to Further Downside Pressure with Focus on the Bank of England

GBP/USD saw its first weekly close in the red after six consecutive weeks of gains. Focus on the Bank of England, as the general expectations are for it to push back rate hike expectations. GBP/USD prior to last week has been rallying to the upside at quite some momentum. The price was enjoying six consecutive […]

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GBP/JPY Price Prediction: Cable Gunning Testing Huge Daily Support

GBP took a heavy beating late on Tuesday, following the Cooper Brexit Amendment failing to pass. There is once again high uncertainty for the UK, as Prime Minister May continues to face rejection from the EU on renegotiation. Brexit Vote Results Disappoint GBP Bulls GBP was hit hard across the board last night, after a […]

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EUR/USD Price Prediction: Big Week for the Eurozone and the U.S; Large Volatility Eyed   

Eurozone economy in a very fragile state, but USD weakness helps keep EUR higher. Mixed technical signals across the time frames, but weekly EUR/USD view could have staged a rebound. The EUR/USD bulls managed to force a strong weekly close despite the large rollercoaster of a ride that was seen. The foundations appear to have […]

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GBP/JPY Price Prediction: Cable Jumps Over 150 Pips With Room for Another Squeeze Higher

GBP/JPY saw decent gains on Wednesday, receiving a helping hand from Brexit and BOJ fundamentals. Brexit optimism helps GBP higher, while BOJ remain dovish, adding pressure to JPY. GBP/JPY jumped to its highest levels seen since 14th December 2018. The session high print was observed at 143.56, with the pair having gained over 150 pips. […]

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GBP/USD Price Prediction: Bulls Reclaim 1.2900, Eyes Locked on Another Retest of 1.3000

GBP/USD bulls pick up momentum to the upside, following generally positive tone to Theresa May’s Plan B statement. Next upside targets for the bulls should they firmly breakdown 1.2900 again, will be the psychological 1.3000 mark. GBP/USD throughout the session on Monday remained very much elevated. This came as market participants were somewhat maintaining an […]

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