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For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.2938, after the Euro-zone’s trade surplus narrowed to €12.2 billion in July, lower than market...
Europe is an economic basket case while the US is kind-of sort-of recovering. Why? Several reasons, but the only one that really matters these days is that in 2012 and 2013 the eurozone operated with...
GBPUSD – Can’t Break Above Near Term Resistance For the last several days, the Cable has been unable to break above the 1.6275 near term resistance as you can see in the 1hr chart below....
Talking Points:AUD/USD Technical Strategy: Short at 0.9186 Support:0.8955, 0.8826, 0.8665 Resistance: 0.9085, 0.9185, 0.9245 The Australian Dollar paused for a brief respite after six consecutive...
Talking Points-No clear broad based GBP has emerged in the past two weeks -A ‘Yes’ victory is not priced in, just increased volatility -Sell GBP on a ‘Yes’ victory, sell...
Monday rolled in with a disappointing data report from China (Industrial Production Actual 6.9% vs. forecast of 8.8%), which suggests that the risks to Q3 growth are on the downside. AUDUSD dropped on...
AUD/USD for Tuesday, September 16, 2014The Australian dollar has seen its sharpest fall in over 12 months as it fell strongly every day last week from near 0.94 down to a six month low at 0.90 to...
The British pound has started the week quietly, as GBP/USD trades in the mid-1.62 range in Monday's North American session. The sole event out of the UK is the BoE...
EUR/USD Open 1.2937 High 1.2977 Low 1.2908 Close 1.2938On Monday EUR/USD decreased with almost 70 pips. The European currency depreciated from 1.2977 to 1.2908 yesterday, matching the negative money...
With the ECB shifting to an über-dovish stance, and the possibility of the Fed hiking rates sooner than expected, the US dollar has suddenly become the most favored currency on the...
Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Top 5 Forex Trading Opportunities this Week USD/JPY Rally Stalled by Decline in U.S. Rates GBP: Nothing Matters as Much as...
Yellen Looking For ConsensusLike Ben Bernanke, Janet Yellen appears to be a leader in search of consensus. After artificially holding down interest rates and pumping gobs of money into the financial...
For forex traders in the USD/JPY, whether in the spot market or the futures market, it’s been a question of patience, patience and yet more patience following last year’s meteoric rise...
KEY EVENTS TO WATCH ON TUESDAY AUD: RBA Assist Gov Kent Speaks (00:00 GMT), Monetary Policy Meeting Minutes (01:30 GMT) JPY: BOJ Gov Kuroda Speaks (05:30 GMT) GBP: CPI (08:30 GMT) EUR: German &...
The USDUsing the standard weekly currency chart we followed along for months as the EUR/USD found resistance at the long-term downtrend line as expected, the commodity currencies long ago lost...