Windsor News & Research Blog - Forex & CFD Market Analysis

The USDCAD accelerated lower and broke below 1.30 support on Friday after data showed Canada's economy expanded more than expected (July GDP 0.2% vs 0.1% f/c and 0.0% in June), supporting expectations for BoC's rate hike next month. Fresh…
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The pair dips below 1.16 handle in extension of previous day's strong fall, after brief consolidation in early Friday's trading was capped by broken falling 10SMA (1.1651). Fresh bears broke below 1.1594 (Fibo 76.4%) and pressure daily…
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The Aussie dollar was slightly higher on Friday after previous day's strong fall was contained at 0.7200 (20SMA / 50% of 0.7085/0.7314 upleg). Consolidation is likely to precede fresh downside as Thursday's long bearish daily candle weighs…
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Bears attempted to extend Thursday’s strong fall and spiked to 1.3032 on Friday, but losses were so far short-lived, due to strong headwinds from key support at 1.3054 (daily cloud top / Fibo 38.2% of 1.2661/1.3297 ascend / 20SMA / 21 Sep…
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The Euro extended pullback from 1.1815 high through pivots at 1.1655/36 (rising 30SMA / Fibo 61.8% of 1.1526/1.1815 upleg) and cracked sideways-moving 55SMA (1.1617) which marks next key support. The pair holds in red for the third…
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Brent oil edged higher in early Friday's trading, signaling that corrective pullback from new four-year high at $82.53, which found footstep at $80.51, might be over. Fresh advance is offsetting impact from Thursday's long-legged Doji…
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The dollar hit new nine-month high against yen at 113.64 in Asian session on Friday, in extension of 0.58% advance previous day. Hawkish Fed and upbeat US data boosted the greenback, which generated strong bullish signal on Thursday's…
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Turkish lira extends gains vs the US dollar and hit the highest levels in six weeks on Thursday. Recent action of Turkish central bank which rose interest rates by unexpected 625 basis points, started to give stronger results. Investors…
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Spot Gold holds in red for the second consecutive day and broke below psychological $1200 support on Thursday. As expected, US interest rate change sensitive gold reacted negatively after Fed announced the third rate hike this year on…
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Bounce from daily low at 112.56, posted in early Europe, accelerated after upbeat US data and probes again above 113.00, for renewed attack at key 113.17/30 barriers (19 July high / Fibo 61.8% of 118.66/104.63 descend, reinforced by weekly…
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