Monthly Archives: June 2018

Central Bank Weekly: British Pound Carves Out Reversal Candles after BOE

The British Pound has been in near freefall since the middle of April, thanks in part to the machination of Bank of England Governor Mark Carney. After all, it was two months ago when he threw water on the idea that the BOE would hike rates in May, and indeed, as time wore out, no rate hike…

AUD/JPY compressing near multi-month lows

The FX barometer of risk tried to break to its lowest level since November 2016 this week. And with bullish momentum sorely lacking, we’re seeking opportunities to enter short. We can see on the weekly chart that price action has been confined to a choppy range between the 80.50 to 84.50 area since…

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