Thoughts on EUR/USD at 1.20ish
The EUR/USD has finally dipped back to long-term support around 1.20ish and I see a lot of bearish commentary around...
CAD/JPY Could Follow GBP/JPY Lead and Break Higher
Thanks to ongoing risk-on and reflationary trades, stock and crude oil markets extended their gains on Thursday, while safe-haven Japanese...
Blake Morrow’s Chart of The Day – Feb 5th 2021
GBPAUD Following the BoE decision and the fact that they are backing away from the idea of negative rates allowed...
Macro Tides – “Inflation is Coming!”
In the short term, headline inflation is likely to jump above 3.0% based on higher input costs and how the...
Blake Morrow’s Chart of The Day – Feb 4th 2021
NZDUSD Yesterday's strong employment data pushed the pair to the 0.7220's wedge resistance. We have been monitoring this wedge for...
Macro Tides – “Euro Strength and Outlook”
Foreign currency traders have taken a large long position in the Euro which has helped it rally +15.6% versus the...
Blake Morrow’s Chart of The Day – Feb 3rd 2021
EURUSD The EURUSD has great risk reward for longs while above the 1.2000 level. It seems pretty clear a break...
Blake Morrow’s Chart of The Day – Feb 2nd 2021
USDCHF The USDCHF is breaking higher with the move above the 0.8926 resistance today. This has enacted and inverted head...