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Dollar Strength Continues into US Open

GBPUSD,H1 The Dollar rallied across-the-board before giving back some of its gains. The USDIndex (DXY) gained over 0.5% in posting a 17-month high of 97.58,...

USD slips on Election Result

EURUSD, H1 The US Congressional Election: Democrats have seized the House, while the GOP retained the House. The Democrats also had success at the state...

BoE Preview: Brexit keeps MPC cautious

GBPUSD, H1 and Daily BoE's Monetary Policy Committee concludes its November meeting today, announcing at midday in London. No changes are widely anticipated for either...

Cable: Fresh 7-month low

GBPUSD, H1 The Sterling has come under pressure, and is presently showing declines on the day versus both the Dollar and the Euro. The Cable,...

PMIs and How to Use Them

Overall, most economic indicators all traders rely on tell us how the market has fared in the past. For example, the CPI index tells...

Commodity and FX Correlation Pairs

Last time I talked about correlations, we examined the basic currency pairs which had either a strong positive or a strong negative correlation. Today,...

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