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Currently we are at 0.8639. We are looking for a continuation to the Support area @ 0.8564 with an overall target @ 0.8535. The average daily true range (ATR) for the pair currently is 107 pips.
FOMC expected to make some noise “Old Lady” sets sterling alight BoJ attempting to save face In today’s economic climate Central banks are never too far away from the heart of any...
EUR/USDCurrent level - 1.2544 The bias here is positive, for a short-lived spike to 1.2600 resistance area before drowning through 1.2396, en route to 1.2240 target zone. USD/JPYCurrent level -...
GROWTHACES.COM Trading Positions USD/JPY: long at 115.00, target 118.50, stop-loss 116.40 USD/CHF: long at 0.9560, target 0.9760, stop-loss 0.9530 EUR/CHF: long at 1.2025, target 1.2095, stop-loss...
Market Drivers for November 19, 2014 BoE shows a wide range of views on inflation, cable bounces to 1.5670 BOJ confirms its monetary targets USD/JPY at fresh highs Nikkei -0.32% Europe .19% Oil...
A high level consolidation Tuesday, just below the Monday new recovery high.The Monday push through 117.00 reinforced the rebound from support at 114.89 last week (ahead of a firm foundation at...
The Bank of Japan meeting overnight provided no surprises and none were expected after the previous meeting’s shock move to double down on the existing easing programme. Haruhiko Kuroda’s...
EURUSD The Euro regained positive tone in the near-term picture, following yesterday’s positive close, which occurred above 1.25 handle. Bounce from 1.2442 hourly higher base, peaked at...
Market BriefOn top of the official announcement to delay sales tax hike and to dissolve parliament, the BoJ left its policy unchanged today; the annual monetary growth target was kept steady at 80...
KEY DATA RELEASES TODAY:0930GMT GBP MPC Official Bank Rate Votes exp 2-0-7 v 2-0-7 0930GMT GBP MPC Asset Purchase Facility Votes exp 0-0-9 v 0-0-9 1330GMT USD Housing Starts exp...
CEO Sam Barry runs through a daily technical trading update of the Forex market.Below you may find the video
EUR/USD - European Session The pair is trading around 1.2520, and breaching 1.2555 - 1.2560 and stabilizing above it confirms the ongoing upside move, whereas failing to breach the referred to levels...