Market Info

Forex Major Currencies Outlook (September 25, 2013)

USD 

The US dollar’s rally gained traction yesterday, even though there weren’t exactly a lot of major reports on tap. In fact, US reports actually came in below consensus yesterday, as the Richmond manufacturing index slipped from 14 to 0 instead of improving to 17. 

USD/CHF Downtrend to Hold? (September 25, 2013)

USD/CHF has been trending lower in the past few days but it seems to be having difficulty sustaining its decline past the .9100 major psychological support level. 

Forex Major Currencies Outlook (September 24, 2013)

USD 

The US dollar had a mixed performance yesterday as traders are trying to reestablish their biases on the US economy. 

AUD/USD: Break and Retest Scenario? (September 24, 2013)

AUD/USD seems to be having trouble sustaining its rallies, as a major correction might take place instead. The pair found resistance at .9500 and may pull back to an area of interest before resuming its rally.

Forex Major Currencies Outlook (September 23, 2013)

USD 

Just when it seemed the US dollar was in for another round of losses, FOMC member Bullard gave a testimony and started talking about the possibility of tapering in October. 

USD/CHF Falling Trend Line (September 23, 2013)

USD/CHF is in a solid downtrend these days, as a falling trend line can be formed when connecting the highs of the price. The pair has broken below several key support levels but might be in for a pullback today.

Forex Major Currencies Outlook (September 20, 2013)

USD 

The dollar was sold off sharply after the FOMC statement but it was quick to recover some of its recent losses while holding steady against other major counterparts. 

USD/CAD: Trend Line and Divergence (September 20, 2013)

USD/CAD had a sharp drop followed by a quick retracement yesterday, as the FOMC statement against tapering triggered overall dollar weakness. The pair is currently finding resistance at the 61.8% Fib on the 1-hour time frame.

Forex Major Currencies Outlook (September 19, 2013)

USD 

The dollar suffered heavy selling in yesterday’s NY session, as the Fed decided against tapering asset purchases this month. 

GBP/USD: Bullish Pennant (September 19, 2013)

GBP/USD staged a strong rally yesterday, thanks to the upbeat BOE minutes and the Fed’s decision against tapering. This was enough to push GBP/USD past the upward channels on the 1-hour and 4-hour time frames.