Windsor News & Research Blog - Forex Market Analysis & Trading Insights

Cable was on roller-coaster in Monday’s afternoon trading, initially regaining traction and bouncing near last Thu/Fri highs (1.3549), boosted by upbeat UK Construction PMI data and increasing Brexit optimism, and fell sharply to new…
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USDCAD pair remains under strong pressure on Monday and extending Friday's strong fall on upbeat Canadian data, pressuring key supports at 1.2670 zone (multiple downside rejections which formed base). Break below 1.2670 pivot and violation…
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Copper holds positive tone at the beginning of the week as manufacturing demand from China, metal's top consumer, offset immediate negative impact on stronger dollar. However, today's fresh attempts higher failed again to break above cloud…
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WTI oil price extended lower on Monday and returned below falling weekly 200SMA ($58.07) which was briefly broken in past two weeks. Reversal signal is developing on weekly chart after last week's action ended in weekly Hanging Man candle…
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Spot Gold stands at the back foot on Monday and dipped close to last week's low at $1270, after coming under fresh pressure on signals that US tax cut plan is closer to passage. Rising bearish pressure could result in break below $1270…
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The Aussie dollar is regaining traction and returns above 0.7600 handle, after dipping to 0.7579 low, following gap-lower opening on Monday. Last Friday's strong rally which broke and closed above falling trendline (tracked the downtrend…
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Gap-higher opening on Monday and fresh extension higher which tests again the rising top of daily cloud (113.10), signals resumption of step upleg from 110.83, which showed hesitation on Friday's close in red. The dollar was inflated by…
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Cable stands at the back foot at the beginning of the week, as last week's double upside rejection at 1.3549 and Friday's close in red weighs. Risk of deeper pullback towards pivots at 1.3368/53 (rising 10SMA / Fibo 38.2% of 1.3038/1.3548…
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The Euro opened with gap lower against the dollar on Monday after the greenback was boosted by progress in US tax cut plan over the weekend. This also suggests more aggressive US rate hike, as Fed is meeting next week for the last time this…
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Canadian dollar surged against US dollar on Friday and hit three-day low, driven by upbeat domestic GDP and jobs data. Fresh acceleration retraced over 61.8% of USDCAD’s four-day rally which commenced from 1.2680 (Monday’s low) and hit the…
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