United Kingdom – Construction PMI Earlier today, at GMT 8:30 a.m., the Markit released the monthly Construction PMI figure for the UK economy. The Construction PMI measures the level of… more
As we forecasted on July 1, the EUR/CAD did move further up once the price closed above the resistance zone near the 1.3970 level. In fact, since July 6, when… more
Since forming a bullish pin bar on June 18, the USD/CAD price climbed up around 900 pips over the last six weeks. However, as the pair was rejected around the… more
Yesterday, the Japanese retail sales figure was released by the Japan’s Ministry of Economy, Trade and Industry, which showed that it grew by 0.9% against a forecast of 0.8%. As… more
As the Greek bailout issue created uncertainty over the Euro, the demand for the safe haven currency, Swiss Franc, in Europe was up. As a result, the CHF appreciated around… more
Although the GBP/CAD has remained in a strong uptrend since April 17, it formed a bearish pin bar on July 17 and appeared to start a retracement. However, the bearish… more
This week, the GBP/USD has remained range bound within the narrow price range between the 1.5450 and the 1.5675 levels. Interestingly, the GBP/USD price tried to penetrate above the 1.5675… more
Earlier this week, on Monday, Statistics Canada released the month-over-month wholesale sales figure, which came decreased by 1% compared to a positive 0.1% forecast. Then, on Tuesday, the Australian Bureau… more
The EURNZD has remained in a strong uptrend since forming a bullish pin bar on April 21, and formed a distinct uptrend line over the past few months. However, last… more
After making two profitable bullish recommendations for the GBP/CHF in a row, today, we will be once again discussing the GBP/CHF outlook. Since the pair has closed above the 1.4835 level on… more
