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Another reason why August markets should not be traded! 1.5420 held the downside and buyers grabbed the reins and drove us higher for 1.5560 overnight highs. There is still divergence evident on the...
Wednesday’s forecast headed in our direction for the most part. About two pairs had a few issues as the US Dollar was a bit hard to read, but things seem to be settling down now. US Dollar has...
BIAS: We should remain looking for losses but not yet directly.Resistance: 0.9355-58 0.9377 0.9389 0.9406Support: 0.9321-32 0.9305 0.9280-85 0.9258-66MAIN ANALYSIS: We did see a move up to 0.9367 and...
It was a much more sluggish day than I had hoped for although in retrospect the directness of the gains we have seen, and even higher again in USD/CHF, was perhaps a sign as the 4-hour Price...
GBP/USD for Thursday, August 15, 2013 The GBP/USD has reversed well to move back above 1.55 again after spending the last few days moving lower from the resistance level at 1.56. It moved back to the...
AUD/USD for Thursday, August 15, 2013 The AUD/USD has reversed strongly over the last couple of days moving back towards and below 0.91 however it has held up well over the last 24 hours receiving...
The euro has just slowed down a little over the last 24 hours and has been content to move very little after having spent the last week drifting lower from the resistance level at 1.34 back towards...
Market Review - 14/08/2013 22:50GMT Euro little changed despite strong GDP in the eurozone and Germany The single currency moved in a tight range on Wednesday despite the fact that eurozone and...
• Today’s announcement of higher-than-expected growth in France, Germany and the EU as a whole during Q2 has bolstered confidence that the long Eurozone recession is coming to an end. Even...
Compared to many other G10 nations, the U.S. producer price report is one of the least interesting pieces of data on today's calendar. Inflationary pressures in the U.S. have been muted for the past...
EUR/USDThe pair finished the session little changed, after the release of better-than-expected GDP reports from Germany and France were offset by a lower EUR/GBP cross, which was driven by the release...
Currently we are at 0.9374 in a nice channel. are looking for a bullish continuation to the R4 .resistance cluster at 0.9406-11. The average daily true range (ATR) for the pair currently is 88 pips.
As mentioned in the previous post, the Yen Index can give us an excellent perspective of market sentiment, given the Yen’s unique position within the forex market as both a currency of safe...
Trading during these summer days can be tricky, not least because of relatively thin volumes and a general lack of participation. Therefore, it can be more useful to take a closer look at some of our...
The USD/JPY, for the past few weeks, is in the downtrend that started at the end of May. On the daily chart, price is forming a triangle, which can be also viewed as a Head and Shoulders formation by...