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2 Aug 2016

USD/SEK MACD indicates downside pressure

The failure of MACD to test recent highs indicates that USD/SEK could be facing downside pressure soon.

Over the past two weeks, it has become evident that a bearish divergence between USD/SEK spot and the MACD has developed, which typically implies weakness ahead. Additionally on a 4-hour chart, we can see that the MACD line pushed below its signal line, a further bearish forewarning.
Aug 2, 2016

Ex-BOE’s Bean: Surprised by extent of BOE steer on stimulus

Former Bank of England (BOE) Deputy Governor Charles Bean was on the wires MNI last hour, commenting on the recent hype behind the BOE easing expectat
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Aug 2, 2016

NZD/USD firmer, holds above 0.7200

A sharp rebound in the oil prices lifted the sentiment around the NZD, now pushing NZD/USD further beyond 0.72 handle NZD/USD tracks oil, AUD higher
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