<p><b>USD/CAD</b></p> <p><img class="aligncenter size-large wp-image-40458" src="http://blog.tickmill.com/wp-content/uploads/2020/03/t1-2-1024×473.png" alt="" width="1024" height="473" srcset="https://blog.tickmill.com/wp-content/uploads/2020/03/t1-2-1024&#

European central bank kept it’s major policy levels unchanged ( the main refinancing rate at 0.00%, deposit rate at -0.50%, the marginal lending rate at 0.25%, and policy in monthly assets purchasing kept unaltered on Thursday. Despite that, particularly eur usd pair showed some weakness, gbp usd remained within it’s familiar territory.

In previous post we tried to describe, how forex market will digest ECB. Eur usd was expected to make a bottom, happy profits to those who started buying on dips. Gbp usd was predicted to wander in recent range. Sell on rallies in usd jpy was recommended to hold, the pair also trading according to<a […]

In previous post we highlighted that buy on dips strategy in eur usd will be profitable. The pair is currently trading around 1.09500. Buy on dips was also recommended in gbp usd. The pair is currently trading around 1.28900. Traders were advised to book profits in Usd jpy buy positions and to start selling the<a […]

Forex market witnessed a mixed last week. While U. S. dollar was strongest against euro, weak against sterling, and was stagnant against Japanese yen. Some economists were of the view that due to coronavirus, there is a risk atmosphere in the market, beneficial for risk assets like euro. Despite that euro continued it’s weakness. The<a [&h

U.S. DOLLAR started to loose it’s grip last week. Things should turn in our favor later or sooner. Eur usd stabilized and the downward momentum is vanished. The pair is now expected to trade in a broader range of 1.07000 to 1.10000 for some time. Gbp usd outlook also turned positive. Usd jpy backed off<a […]

In previous post we highlighted that Eur Usd is stabilized and near term bottom is in place. Eur usd :— Eur Usd is holding ground this week. Weakness in euro was so much stretched and the bounce was inevitable. Euro made a high of 1.08620 on Friday. That means the near term bottom is in place, any weakness from<a […]

Gold continues its ascend as the dollar falters ForexLive Gold is continuing to surge higher as gains extend to over 3% on the day now as price eclipses the $1,600 level.

Stocks are sharply higher. Yields are a little higher.&nbsp; The GBP is the strongest and the USD is the weakest as NA traders enter for the day as stocks (and yields) move back higher on hope.&nbsp; Hope for a stimulus package passage, hope that the Fed's stimulus helps the economy, hope that the virus does […]

Lower trend line keeps the buyers in play. The USDJPY has extended the consolidation phase to 3+ days now. Today, the price is lower, but off the lows for the day. The low levels stalled along a trend line on the hourly chart, keeping the buyers in play and thwarting the sellers from taking more […]