CADJPY Short Scalps Favored Sub-99.00 on Failed Gap Fill
CADJPY is trading within a well-defined technical formation with the decline now testing interim support. Here are the updated targets & invalidation levels that matter.
Acting on Impulse vs. Sticking to Your Forex Plan
Updated from its original posting on 2008-03-08 Have you ever ditched your forex trading plan? If not, you should read this anyway because you’re most likely lying. If you have,…
GBP/USD Daily technical analysis April 14, 2015
Now it is a small stable economic growth in the UK. Unemployment is on the low level, property prices increase, wages rise quite moderately, but inflation is at around zero,…
Daily Briefing- US futures soft ahead of data
Daily Briefing Currencies EUR/USD: The pair is trading near the support zone (1.0732-1.0711) on a 30 minute time frame. The next resistance is at 1.108 and the support is at…
FOMC Voters 2014 Dove Hawk Scale
The Federal Reserve’s Open Market Committee changes every year and 2014 in particular iss a big year for the Federal Reserve because there are a number of new faces on…
NO QE3: What are the Implications for the Dollar?
The verdict is nearly in; there will be no QE3. The second round of quantitative easing (“QE2”) will expire at the end of this month, and while it will not…
UPDATE 1-Venezuela bonds rise after new forex restrictions – Reuters
UPDATE 1-Venezuela bonds rise after new forex restrictionsReuters(Adds context on measure, details on prices). CARACAS, April 13 (Reuters) - Venezuela's global bonds jumped on Monday after the government passed a…
Failure To Break Below $1.0460 versus Euro Leaves Dollar at Risk
The US Dollar trades near decade-plus highs versus the Euro, but a noteworthy drop in volatility prices makes a further Euro/US Dollar breakdown unlikely in the week ahead.
Forex Trade: GBP/USD Short on a Bounce
Good morning forex friends! Starting off the week with a very simple GBP/USD retracement setup. Will sellers take back control on a bounce to broken support? Before you move on,…
GBPUSD- MACD confirming downward momentum slowing
The GBP/USD is trading in a minor support zone on a 60 minute time frame. The pair has briefly broken its downward trend line but it is trading once again…
USD/JPY March Seasonality
March is the fiscal year end in Japan and there tends to be a significant amount of repatriation of foreign earnings as companies look to window dress their balance sheets.…
Emerging Market Currencies Brace for Correction Due to Market Uncertainty and Summer Slowdown
“It was the spring of hope, it was the winter of despair,” begins Charles Dickens’ The Tale of Two Cities. In 2011, the winter of despair was followed by the…
Japanese Yen May Fall as China Stimulus Bets Fuel Risk Appetite
The Japanese Yen may decline as bets on Chinese stimulus expansion fuel risk appetite, undermining demand for the safety-linked currency.
Squawk: JPY: Abe advisor Hamada out in interview on TV, says…
JPY: Abe advisor Hamada out in interview on TV, says yen is weak with USDJPY at 120 considering purchasing power parity, suggests 105 is more appropriate. A bit of a…
FOREX-Euro tumbles towards $1.05 as dollar comeback continues – Reuters
Money Morning AustraliaFOREX-Euro tumbles towards $1.05 as dollar comeback continuesReuters(Recasts, adds new quote, updates prices). * Euro falls for sixth straight day, worst run in 6 months. * Australian dollar…
Charts to Start the Week as USDOLLAR Hits Fresh Yearly Highs
The symmetrical triangle we've been watching for the past week has achieved initial topside target levels.
EUR/USD- MACD and RSI showing divergence
The EUR/USD pair is trading below its downward trend line on a 30 minute time frame. This confirms that the trend is towards the downside. Moreover, the price is also…
Irrational Exuberance Goes Global
Global equities surged even higher this week, putting leading indices at or near all-time highs. The DAX closed out Friday at a fresh all-time high of 12,374. In Japan, the…