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GBP/USD Fundamental Analysis: January 29, 2018 The British pound against the U.S. dollar has been declining in the past few days as the dollar strengthens, which seems to be the focus at the present time. Following the comments of Trump, the dollar is steadfast due to the positive economic data in the U.S. This resulted in a reversal of profit for the dollar. The dollar has been behind since the middle of December and the pound has been one of the strong contenders for this period of time. It gained more than 800 pips against the greenback. There are indications of exhaustion and weakness for the pair. However, it is not just the weakened dollar that buoyed up the pair, the strong pound along with all the soft Brexit plans at the end of the talks. This supported the pound to rise across markets, especially against the dollar which has been weak recently. However, besides the rhetorics from Trump, there is an increasing expectation for the new Fed chief Powell to take his post, as well as strong incoming data that would strengthen the dollar and induce Fed for rate hikes. The center of attention will be on the dollar in the next few days which is also anticipated to persist for a short period of time. There is no major report anticipated from the U.S. or from the U.K. today, which is not surprising as it is the first day of the week. However, since the end of the month is approaching, a lot of flows is already expected and trades to be positioned prior the new month which would bring volatility to the pound. This is likely to persist in the next few days since the end of the month is near. Pressure will be eminent in trading but support will be in the area of 1.40.

NZD/USD Technical Analysis: January 25, 2018 The Kiwi dollar broke out to upside amid the trading session yesterday, reaching the higher level of 0.74 which is close to the top of the general consolidation area in the longer term and extends to the 0.75 region. The 0.68 below is the lowest area of the largest consolidation zone which means higher price level. However, the American currency is obviously struggling and it remains to be seen for any upward movements. While pull backs could possibly offer value. A break on top of the 0.75 handle would enable the market to edged higher or an attempt to reach the 0.7750 or 0.80 level. The volatility is projected to continue and the short-term pullback will arrive sooner or later. It is advised not to get attracted in selling due to factor against the US dollar sentiment. Market players should also take focus on commodity markets and the overall risk appetite for this helps gauge the next probable movement of the New Zealand currency. This is the expected event in the longer-term correlation and the Kiwi together with the commodities should ramp up, this will have higher chance to happen if the “soft commodities” rallied. In addition to it, shorting could completely change the sentiment of the Forex market.

AUD/USD Technical Analysis: January 24, 2018 The Australian currency slightly declined amid Monday’s trading session and moved lower at the 0.7950 region. The rebound on short-term charts are expected along with the resumption of the consolidation period under the major level. A break over the 0.80 zone will enable the market to move upwards or impose a “buy-and-hold” sentiment. However, creating a gap on top of the 0.81 region would indicate a “buy-and-hold” tone with some kind of aggressiveness. Usually, the gold market is needed in order for the AUD/USD to strengthen its move as well as to break out to the upside direction. It is expected that this situation will continue. Moreover, the gold markets drifted sideways aimed to hit the market in the near-term, but there is some support below which will trigger buyers to push again to the upside sooner or later. If this happens, the 0.78 area could possibly be the main contention area and short-term selling opportunity will hold up in that level. While a break down below there would hit the overall trend but this has low chance to happen with 10% of probability. Expect for some massive volatility but there is an attempt at forming an attractive base in order to drive higher. It should be noted that the market will advance higher in the future but it should go along with gold.

EUR/USD Fundamental Analysis: January 22, 2018 The euro is being traded steadily since morning today. It seems that it weakened during Friday and it was able to support the level of 1.22 following the rebound to the support area and soared higher which continues until today. There has been major news from the U.S. and the eurozone which would bring volatility in the market. Although the volatility present was insufficient to push the pair in either direction and stayed within a tight range between 1.22 and 1.23 over the past few weeks. There is a risk for a government closure as the bill has been passed which was blocked in the Senate through suffrage. It is anticipated that there will be an interim bill which will occur during the U.S. session. Nevertheless, this would have an effect on the dollar amid the various problems the U.S. encounter in the past few years. This would be problematic for the Trump administration, which is not surprising. There are reports where the debate between Merkel and SPD party would continue looking for a coalition for short-term. This would keep the euro buoyed up during this period of time. There is also a press conference by the end of the week which is anticipated by the market on the decision of ECB. For today, there are no major news from the U.S or the eurozone, which is already anticipated to happen in the second half of January. Although, there is various economic news to be reconsidered on either side, which would induce the volatility at bay.

EUR/USD Fundamental Analysis: January 18, 2018 There is choppiness in trading the EUR/USD pair and continues its trading between 1.22 and 1.23 without no specific direction yet. Yesterday, the pair moved higher in the first half of the day, which will most likely favor the dollar. However, it shifted by the end of the day when the dollar has recovered and became stronger. The euro has been gaining momentum in the past week although the euro rallied against the dollar in the previous month, which was influenced by the decline of the dollar while the euro became stronger. It was only in the past week that the euro started to strengthen independently due to the possibility of ECB tapering and completion of the quantitative easing by the end of the year. This largely influenced the euro as it rose higher and has most likely continued during the first half of yesterday. It reached the level of 1.23 and established a beeline on the trend. Yet, this was reversed during the second half of the day as the ECB was thrown into a disarray following the quick rise of the euro and should be brought down through statements and confirmation of the QE to return to normal levels. It clearly shows that their position would lead to termination of the QE, which was further supported by the incoming data. Although the central would rather strengthen the euro slowly. Thus, this supported the euro and slid down while the dollar was able to grow during the U.S. trading session and further pushed the price lower than 1.22 as of the moment. For today, there are is no major news from the U.S. or the eurozone, which will most likely continue the choppiness for the day. Support is found in the area of 1.2180 then move further towards 1.21.

USD/JPY Technical Analysis: January 17, 2018 There has been a choppy trading for the U.S. dollar during the Tuesday session, the day of returning to work for Americans. Looking at the hourly chart, a slight downward occurred. There are also some major levels and expect the presence of noise in the market. The U.S. dollar swayed back and forth yesterday. The next trading level would be at 111 which is a bit resistive. If the market breaks higher, it will probably be at 112 which has been significant in the past. It seems that there will be downward pressure and push the market towards 110. Overall, there will be noise in the market that puts the global economic outlook at a better position and at the same time, there is general selling of the U.S. dollar. Hence, there will be high volatility in the market, which will attract more traders. If the pair breaks lower than the significant level of 110, the market will probably move down towards 108 soon after. Moreover, there are a lot of areas to cover which will highlight every 100 pips. Amid the presence of noise, the market could bounce back which would become an important pullback.

GBP/USD Fundamental Analysis: January 16, 2018 There is a hint of bullishness in yesterday’s trading session of the pound since there is no fundamental news to affect the market aside from the bank of the holiday in the U.S. As a result, the pound bulls have become relax in trading. Most likely, this is one of the reasons why the pair has been steady in the past few days but failed to break the level of 1.38 amid the weakness of the dollar. Other than that, it could possibly be because of a big news expected to come this week, particularly the inflation data and retail sales data. Traders and investors anticipate the data prior to positioning themselves to any direction. The incoming data from the U.K. came out stronger which brought choppiness to trading while others came in weak, which has brought further uncertainty to the Brexit negotiations and affect the U.K. economy. Yet, the pound was able to take advantage of euro strengthening and the weakening of the dollar. Although, this may not last for a long time. More importantly, the pound is beginning to gain momentum to move higher regardless of its condition. Also, rate hikes from the U.K. are also becoming an issue after its one rate hike last year. The succeeding hikes are deemed to be more important and the central bank has to be certain on its support actions from last year to boost the U.K. economy and confidence of investors. There is no major news from the U.S. for today but the U.S. is presumed to return to the market following their long weekend holiday. On the other end, the inflation from the U. K. is highly anticipated later this day as it will have a significant insight on the movement of the market and give a hint on which direction does the GBP/USD pair will go.

NZD/USD Technical Analysis: January 10, 2018 During the trading course on Tuesday, the New Zealand dollar appears to be choppy and mainly negative. The marketplace is characterized as wrist sensitive because the NZ dollar is generally influenced by “risk appetite” and commodity markets. Aside from that, there exist a dollar bias that further leads the market. The 0.7150 mark looks like offering some kind of support for the NZD/USD currency pair, which appeared to be really strong lately. But the markets are consolidating which means that pullbacks are expected to attempt establishing momentum in order to resume the move to the upside. The longer-term charts imply consolidation between the 0.68 region on the bottom and 0.75 level above, which caused the market to resume further consolidation but the situation is regarded to be larger and longer term. There is a tendency for the market to continue buying on the dips due to inability to reach the top of the consolidation zone after the rebound from the bottom. The Kiwi dollar would likely be slightly oversold, therefore, it is acceptable for some recovery and normality. Upon the breakdown, a significant support at the 0.71 handle should be expected which is previously a significant resistances and accompanied by a large gap since the past few weeks. Most likely, the American currency will continue to lose it strength.

GBP/USD Fundamental Analysis: January 9, 2018 The GBP/USD pair trades around a tight range yesterday considering the fact that consolidation period is already expected in the markets. The US dollar remained unchanged, as it traded initially for the week, the course showed mainly about trade positioning and the price action was monitored by the market participants which limits market’s actions. The British economy is predicted to recover if the Brexit process will flow according to the plan. The economic data issued from the United Kingdom last week was choppy and should be regarded as an indication for negotiators about the importance of Brexit talks to go as planned r else it might bring adverse effect for the UK economy. This was avoided almost be everyone since uncertain UK economy is far from the goal of international leaders. With this, the leaders of Euro and the UK will be responsible for this and should outline some good trade agreement for both sides. On the other hand, the United States are waiting for the incoming data because the figures sent last week was choppy and obscure. The market expects for a three-time rate hike this 2018, however, the new Fed Chair Jerome Powell will take over in February and it remains uncertain about his plans and the way he works. Hence, this could lead to some risks for the dollar and the American economy as well. The Federal Reserve and the upcoming data should coincide in order to drive away this concept, resulting in stability for the dollar which is essential for the world economy. Generally, there are no fundamentals or economic data from the UK or the US for today but the ranging between the levels of 1.35 and 1.36 should resume in order to engage more participants, particularly the day traders.

NZD/USD Technical Analysis: January 8, 2018 The New Zealand dollar was able to break higher upon the opening session on Monday, however, took a reversal throughout the week to move lower and fill the gap. In line with this, a sufficient support was seen and bounced to the upside. The day closed with a slight formation of a hammer pattern, which implies that buyers will return to the market. It is possible that the Kiwi dollar will resume driving near the top of the overall consolidation zone, marked on the chart around 0.75 area. The 0.68 region below is considered highly supportive and basically the “floor” in the NZD/USD pair. It remains to be seen prior shorting this market despite the noticeable breakdown underneath the bottom of the hammer for the week appears to be negative. But 0.70 level seems to be supportive which requires some time before taking long positions. In case that commodity markets would rally in general, the upward trend would likely to continue. However, the current situation is slightly overbought which could possibly be followed by a pullback that should only offer value going forward. This is because the American currency was very weak versus other currencies. The market remains to have plenty of noise but a significant amount of bullish pressure is expected in order to continue moving forward. The highs will be tested again and will eventually break out.

EUR/USD Technical Analysis: January 3, 2018 The Euro against the U.S. dollar climbed higher testing the resistance levels because of the exceedingly strong results of the manufacturing PMI following hints of the ECB meeting to end the quantitative easing in 2018. The European Central Bank has adjusted to the situation but with a steady inflation and progressive growth propelled the euro at a much higher rate. The EUR/USD pair reached close to the September high at 1.2092 but was unsuccessful in breaking this rate. A strong euro has put pressure on the European stocks putting corporations into the lesser advantage against their competitors. The support level is found close to the 10-day Moving Average at 1.1920. The MACD histogram has been positive as it is printed in black with an upward sloping trajectory which could lead to a much higher Forex rate. The RSI indicator also gives an increasing positive momentum although the current rate is at 71. This is much higher than the overbought level of 70, which hints the possibility for a correction.

GBP/USD Fundamental Analysis: December 28, 2017 The British pound against the U.S. dollar climbs higher in the past 24 hours due to the weakness of the dollar that boosts other currencies against the dollar. This is presumed to persist for short-term with the incoming long weekend as the New Year approaches which would cause a dull trading in the market. Continue reading at https://goo.gl/jwfU5K USD/JPY Technical Analysis: December 28, 2017 It is suggested that the American should resume its rally versus the Japanese yen within a specified time and also in case of the bullish sentiment by stock markets. This usually pushes the markets towards a higher position. The USD/JPY and the S&P 500 had a special correlation which should be kept in mind. Continue reading at https://goo.gl/GGc2V6

GBP/USD Fundamental Analysis: December 27, 2017 It was a holiday in the majority of the places in Europe, including the U.K. that makes it not surprising if the pound persisted to consolidate and traded within a tight range for the most part of trading yesterday. The GBP/USD pair falls within a tight range since there is few major economic news. It will not be surprising to have lesser volatility and liquidity this holiday season. At the same time, there is not much placing of trades and more on profit-taking in the past week, which can be seen mostly in the smaller market such as bitcoin. Although, it was not that obvious for pound despite there is a bigger market that is why grabbing the opportunity of any selling of this pair prior to holidays is relevant. Come the second week of January, both liquidity and volatility will most likely gain momentum. Until then, traders should get ready for choppiness within a range near the end of the year. The market has reopened following a long weekend yet, there is still fewer traders this week since most still wanted to extend their vacation until New Year. Hence, consolidation of the pair within a tight range will persist in the next few days. When it comes to data the Conference board’s Consumer confidence data from the U.S. is anticipated to be released today but this would not bring much volatility in the market. There is no major economic news from the U.K. Thus, there will be low trading and slow movement in the market for the rest of the day.

EUR/USD Fundamental Analysis: December 26, 2017 The euro against the U.S. dollar started with a tight trading week in a facile environment in consideration of the current market situation. Majority of traders are on a vacation this Christmas holiday season and the New Year whereas most of them would not working. This would result to lower volatility and liquidity that would limit the range of trading for this week. There is also not much economic data on the calendar with fewer fundamentals in the next days to come. The steady dollar was supported by the tax reform bill, which was recently passed by the Senate and signed by the U.S. President. This would benefit m0st of the companies with lots of tax benefits which is as much as important to Trump and his team. At the same time, this is foreseen to improve the labor market and boost the economy in the succeeding years. Hence, the dollar gained a short-term boost from the bill which will most likely be in effect for this week. The euro is being traded in a right range with minor consolidation in the past few months. Although, the fundamental new was not enough to successfully break the trading range. It is yet to be discovered where the trend will range and if it is sufficient to sustain the pair within its range until January. For today, there is not much economic news that is anticipated to be released from the eurozone or from the U.S. It is holidays in most part of Europe, which could result to tight trading range and consolidation throughout the day.

AUD/USD Technical Analysis: December 22, 2017 The Aussie dollar traded sideways initially amid Thursday’s trading session, however, it moved higher following a weaker numbers of American GDP. This further caused the greenbacks to decline while providing a slight increase towards the Australian dollar during the day. Nevertheless, the AUD/USD pair trades in a low-volume at the margin during the day and traders are concerned to the approaching holidays in contrast to the currency markets. It can be assumed that a break down under the 0.7625 area will push the market downwards reaching the 0.75 handle. It appears that the AUD will have some difficulty in moving higher to the upside, as a result, sellers manage to conduct a return. Perhaps, the market is easier to short at higher levels, but for now, it is suggested to stay on the sidelines until the volumes return. There are some resistance barriers throughout the way which could make a difficult course to drive upwards. Hence, buying the commodity-linked pair seems to be under pressure. On the other hand, there’s no any shorting opportunity due to rally attempts by the market. The ability to roll over will push the market quickly, but it is impossible to see until after the New Year’s Day. Therefore, the market is expected to be difficult to deal with.

EUR/USD Fundamental Analysis: December 21, 2017 The euro paired against the U.S. dollar still dominates the market as it positions strongly, although the volatile is starts to lessen come to the end of the week. The volatility would be much more minimize by the end of the week with the year about to end. The U.S. tax reform bill was successfully passed that require Trump to seal it after which is anticipated soon. This is considered as an achievement for Trump as everyone in the team worked hard for this. It would also be beneficial for the large companies and gain more profit which would bring in more jobs in the U.S. Trump has stabilized his position at the top which would now shift his attention to other bills such as the healthcare reform bill. However, the stock market and foreign exchange of the U.S. dollar did not have that much vigor, as the dollar is starting to decline recently compared to its position last week. It has been all over the market which supported the euro instead. The EUR/USD pair was seen to touch on the 1.19 level but moved after into a consolidated yesterday. Trades are being traded just currently below the said level. When it comes to news, the final GDP data from the U.S. is anticipated today but there will be no other economic news to be published from the Eurozone. Hence, the trading range is presumed to tighten especially since the holidays are approaching.

GBP/USD Fundamental Analysis: December 20, 2017 The GBP/USD currency pair was able to move ahead of the American dollar, as the USD lower in price amid smooth approval process of the tax bill. The passage was projected to support the dollar to increase, however, the effect was completely different. The market’s reaction remains uncertain not until the bill is already passed through in one of the US Houses and waiting for the Senate approval. However, there could be some delay due to procedural problems which could possibly place some pressure on the greenbacks that could further lead to uncertainty. As expected, the tax reform bill will be enacted by the Senate on a very tight margin and further requires the President’s signature to seal in the law. The whole scenario would likely be completed within this week, hence, the volatility in the USD should keep going until it happens. The Brexit process does not have much improvement over this week and it is predicted to continue until New Year. Definitely, there will be some strong development in the process since the leaders on both sides clearly stated about the completion of a deal which may take a matter of time prior accomplishing the agreement. This notion seems to provide support for the pound in the past couple of weeks. Ultimately, BOE Governor Mark Carney will have his speech but the impact to the market is predicted to be minimal. The market trend for today would likely be led by the USD and tax bill legislation. It is believed that the greens should gain more strength in the short and medium term in order to maintain the GBPUSD active.

GBP/USD Fundamental Analysis: December 18, 2017 The British pound trades in a strong manner since the day started even despite the lack of fundamental developments. Also, there are not much economic releases on Friday which allow the consolidation and ranging for the price action within that day. At the same time, there are reports about increasing support for the US tax reform bill during the American trading session, it further indicates that the bill is expected to be passed amid the course of the current week. Hence, this enables the US dollar to grow and pushed the GBP/USD pair downwards during Friday’s late session. When the bill is approved, the strength of the greenbacks is expected to resume in the near term, until the year ends. In turn, the Cable pair will continue to be under pressure throughout this period, however, the level of impact remains unclear. On weekend, British Prime Minister Theresa May reiterated her determination to push through the Brexit process and she further stated her willingness to deal with it in the short term concerning the payment that the United Kingdom need to settle along with the possible trade access. These two factors are the most important elements to consider but the UK and the market seem worried about these. The process appears to be a little bit of delay but the encouraging speech delivered by PM May successfully give a slight raise to the sterling earlier this morning. Ultimately, there is no major news from the US or the UK for the rest of the day while some consolidation and ranging are expected much for today. Moreover, volatility might get a slight boost upon the onset of the US session and further updates with regards the tax bill.

AUD/USD Technical Analysis: December 13, 2017 The Aussie dollar imposed volatility amid Tuesday’s trading session and reached the higher level at 0.7580. However, it rolled over later that day due to stronger-than-expected results of CPI data in the United States. Meanwhile, the Federal Reserve will have an announcement today which could possibly provide further clarity. Moreover, the Australian dollar had initially rallied during the course yesterday but seems to have a pessimistic mood due to money flow in the US. A break down from that point might push through the 0.75 support mark which is highly supportive. The market is expected to continue its volatility, but there is a tendency for a break down. A breakdown under the 0.75 mark will drive the market lower to 0.7350 zone, which is a previous support. Eventually, a rally from that region would largely depend on the Fed Reserve and its sentiment towards the interest rate hike. A hawkish stance could possibly weaken the AUD and the short term. However, it seems that the Fed would be dovish and will push the market to the upside. Nevertheless, the level above 0.7650 is greatly resistive which could make the upside limited. Hence, the Fed may shock the markets that they will no longer raise rates completely.

EUR/USD Fundamental Analysis: December 6, 2017 The euro major pair declined in the past 24 hours but with unknown reason. The euro has a weak overall trend in the market and there is lesser strength in the dollar. The movement has been movings steadily which was sufficient for the pair to decline lower than yesterday’s trading. It reached the level as low as 1.18 prior to rally as it trades higher than the 1.1820 at the moment. The market seems to be waiting on the sidelines as traders are observing the movement, particularly of the dollar. The rate hike will happen soon that causes last-minute uncertainty whether this will be pushed through this month. Also, concerns regarding the tax reform bill are also being considered if this will passed by the Senate which could take some time and traders have to wait for the next movement. Being the last month of the year, traders should be patient whether this will further develop amid holidays. This adds more pressure to traders to be careful in betting large positions and better to be patient before deciding which way to go. As a result, the dollar is now moving steadily as the euro continues to decline at a slower pace since many currency pairs are attempting to maintain within the borders of the trading range that has been known in the past few months. There is no major news from the eurozone except for the ADP employment report from the U.S. This is prior to the release of the NFP for the week. Pressure will still be present in trading this pair as the market waits for the development of the news.

NZD/USD Technical Analysis: December 4, 2017 The kiwi and the greens traded sideways during the onset of the trading session last Friday, however, met decent support around the 0.6815 region to gradually increase. Nevertheless, the announcement made by General Flynn regarding his willingness to work against the White House has pushed the American dollar downwards in general. As expected, this caused wide-ranging impact throughout the world versus the major currencies, as the New Zealand dollar did not make any difference. But the level above 0.69 is resistive which extends through the 0.70 mark eventually. Upon breaking the 0.70 area, it seems that buying would become interesting and it remains to be seen before obtaining some advantageous type of exhaustive candle. The level below 0.68 has massive support and breaking down that area after a rollover would offer a long-term opportunity to “sell and hold”. As of this writing, the search for an opportunity to sell the market is ongoing, particularly, those that contain a significant amount of pessimism since the public is highly concerned on New Zealand’s Labour party expenses. Meanwhile, fixing and signing of the tax bill by the US Congress could help the American dollar. The previous rally amid the fluid-based situation would probably end as an overreaction. Moving out from the market and allowing the market to cool off could be the most preferred way to trade alternatively.

USD/CAD Technical Analysis: November 29, 2017 The American dollar traded sideways during the trading session on Tuesday, however, moved above the 1.28 handle and slightly broke out on top of that area. Moreover, the market seems to pull back from that level due to the struggle at the recent high. In the past 36 hours was slightly parabolic, which could require a pullback to establish an upward momentum. This market is expected to be greatly influenced by crude oil as the oil industry rolls over a little, and caused the Canadian dollar to drop its value. With this, the market is filled with plenty of volatility which makes it complicated to hover on large positions as expected. Building a position favorable on your side is the most feasible way to advance, while the level below 1.2750 would likely the support based on the previous order flow. Contrarily, a cut through above the 1.2833 handle will generate a renewed high that could possibly offer the right buying opportunity. The area below 1.27 is projected be very supportive, but a breakdown underneath the 1.2675 region would be very negative which could push the market downwards until the 1.25 handle. It is possible for the volatility to remain as an issue, considering that the oil sector was uncertain about its views. The high volatility that surrounds the oil market consistently passes through this market. Generally, the upside seems favorable amid it is characterized by a “risk off” move that is somewhat overdue.

EUR/USD Technical Analysis: November 28, 2017 The EUR/USD was reversed following its rally on Monday. It broke higher than the resistance level reached during the Friday session. Profits and losses switched back and forth for the bonds and gilts in the event that there are not much events in the economic calendar which makes the investors cautious on the next step for the U.S. tax plans. All eyes are focusing on Brexit and Political concerns in Germany where it seems that buying on the lows became natural scenarios as the end of the year approaches. The confidence data that came out from Italy remains very low but was rebounded as it became more appealing on Wednesday along with reports including the U.K. credit data and confidence figure from the Eurozone and German preliminary HICP readings for November. The euro major pair broke higher than the resistance line but pulled back soon after which led to a much higher high on Monday. The rate is presumed to test the resistance level close to the September high at 1.2092. There is a possibility for a breakdown in the support level at 1.1830 and the 10-day Moving Average at 1.1811. The MACD also shows positive results amid a good momentum as it prints in black with an inclined sloping trajectory which will most likely results in a higher exchange rate. On the other hand, the RSI was reversed following its climb, indicating an improving positive impetus of the pair.

GBP/USD Fundamental Analysis: November 27, 2017 The British pound is trying to make use of the situation which has been surging in the past few days as the dollar has weakened. This began after the FOMC minutes released a surprising dovish statement that supported the GBP/USD pair and rallies since then. This is yet to be observed if this rally will last. Most of the traders are ambivalent of this uptrend since this happened due to the U.S. Thanksgiving holiday. After the holiday, a correction was observed given that traders are going back following a long weekend and investors are gaining some profits where it makes the minutes not a dovish sentiment. This could result in buying of the dollars which would further induce correction in trading. Other than that, Brexit is in a difficult situation right now and if anything happens, a massive breakthrough is anticipated in the talks in the few weeks to come. There are some investors who assume that the U.K. would choose to cancel the deal if they will not benefit from it. If this is the case, then Britain would be on a losing end for the economy. Hence, the pound would most likely continue its rally with the ongoing matter on Brexit. There is no major news from the U.K. or the U.S anticipated to come out today. Consequently, it is likely to have some consolidation during the first half of the day. There may be some correction for the day when traders go back to the U.S. from their holidays.

EUR/USD Fundamental Analysis: November 23, 2017 The EUR/USD pair anticipated to have fluctuations from the market but turned as the FOMC minutes is anticipated for the incoming long weekend. There is an active trading activity in the market instead of the anticipated fewer ones. The dollar has lost its leverages and was moving slower over the course of the day. The trend only gained a better traction after the release of the FOMC minutes. The EUR/USD pair moves higher than the area of 1.1750 in a subtle manner with dimmed the activity that happens prior to the release of the FOMC minutes. There is not much anticipated from the market since the Fed is presumed to maintain its current stance, most especially that the rate hike in December will most likely push through. The euro moved slightly higher at the beginning of the day and proceed to move up during the course of the day. The FOMC minutes gave a dovish tone which is not surprising. The rate in December has almost already priced in the market although the market is more focused on the possibility of a further rate hike. There are some members who think that the rate hike has not reached the target mark which could lead to another rate hike but it is also unlikely unless the inflation has improved along with the incoming data. Consequently, the dovishness of the dollar resulted in an increase of the pair towards the area of 1.18 which is seen to hover steadily above this as of the moment. Today is the start long weekend in the US on account of Thanksgiving and there will be no economic news anticipated to be released from the U.S. as well as from the Eurozone. Traders should anticipate consolidation in the trend with a bullish tone for the rest of the day.