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Cable finds some dip demand after decent retreat

GBPUSD having another up and down session 23 Jan I’m just stepping back for 10 mins to give Greg a break so a chance to give a quick update on a pair dear to my heart as you know.GBPUSD now running into support/bids arpound 1.3965 to post 1.3983 after failing into 1.4030 earlier. The order […]

Canada FM Morneau: Plan «A» is to have NAFTA improved

Canada Finance MinisterHe adds: Canada to remain competitive on corporate taxes Higher interest rates reflect stronger economy Is watching evolution of bitcoin carefully The USDCAD, since the rate hike last week, has been moving up and down.  Looking at the hourly chart below, the pair stalled at a topside trend line above.  On the downside, […]

EURUSD back testing broken trend line support

Back below the topside resistance areaThe EURUSD is back down testing the broken trend line on the hourly chart above. The move to the upside was able to extend above the ceiling ares spoken about in earlier posts today. That break should have next pushed the failed break from Jan 17.  That target was not […]

Barnier: UK still has to come up with Irish solution

GBPUSD remains above 1.4000Meanwhile Irish PM Varadkar is saying: We want to ensure UK guarantees are binding around two-year transition is being considered open to ideas of unique northern Ireland if needed The GBPUSD has come off a bit after testing a topside trend line on the hourly chart. The 1.4000 level will be eyed […]

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