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Market Drivers for February 20, 2014 EZ Flash PMI miss estimates with France contraction deteriorating China PMI misses with employment gauge weakening by worst in 5 years Nikkei -2.15% Europe...
Again the USD/JPY traded lower than we expected yesterday. There seems little to hold us up now, and we are looking for a good re-entry point for short positions. If we can trade back towards 10205 we...
USD/JPY Open 102.27 High 102.47 Low 101.65 Close 102.28On Wednesday the USD/JPY increased with 65 pips. The currency couple appreciated from 101.81 to 102.47 yesterday, matching the positive money...
FOMC minutes – few takeawaysThere was not quite as much in the Federal Open Market Committee minutes as the market’s reaction last night would suggest. Yes, there was the mention by a...
The U.S. dollar traded mixed and dropped against most majors subsequent to the release of less than stellar economic reports out of the Empire State which denoted a decline in Manufacturing, and...
EUR/USD The euro consolidates recent gains that peaked at 1.3772, ahead of fresh push towards strong 1.3800/30 resistance zone. Consolidation is for now contained above strong 1.3690 and breakpoint,...
GBP/USD Open 1.6673 High 1.6735 Low 1.6635 Close 1.6677On Wednesday the GBP/USD decreased with 100 pips. The Cable depreciated from 1.6735 to 1.6635 yesterday, in line with the negative money flow...
AUD/USD was bearish yesterday, continuing the decline seen on Tuesday. However bulls managed to put up a considerable fight, preventing bears easy access below 0.90. Prices did manage to dip below...
AUD/USD is once again trying to turn bearish from around 0.9080 area, where we think that wave (v) will complete wave C, final leg of running flat formation from mid-December. Pair fell more than 100...
EUR/USDTrading range: 1.3775 - 1.3675Trend: Strong DownSell at 1.3763 SL 1.3795 TP 1.3686USD/JPYTrading range: 102.15 - 101.40Trend: DownSell at 102.01 SL 102.33 TP 101.49 GBP/USDTrading range: 1.6710...
Market Snapshot: ECONOMY: With China Flash PMI below 50 and a 7 month low it will weigh down on the global economy and set a risk-off sentiment. AUD: The Australian Dollar sold off across the board...
Market CommentaryMost of the FX majors are trading near their historic resistances especially the Euro and the Aussie with 1.3820 ranges and 0.9100 ranges acting as supply zone respectively. The...
GBP/JPY Daily OutlookDaily Pivots: (S1) 169.76; (P) 170.46; (R1) 171.31;As long as 169.11 minor support holds, further rally is still expected in the GBP/JPY for 173.65/174.84 resistance zone....