Market Info

GBP/USD Medium-Term Rising Channel (April 30, 2013)

GBP/USD is moving closer to testing the top of the rising channel on the 1-hour time frame, although the pair seems to be retracing at the moment. 

Forex Major Currencies Outlook (April 26, 2013)

USD                                   

The U.S. dollar generally lost ground to most of its major counterparts in yesterday’s trading although it was able to limit its losses during the U.S. session. 

U.S. GDP Release: Trading USD/JPY (April 26, 2013)

The U.S. will print its Q1 2013 GDP reading in today’s U.S. session and the report is slated to show 3.0% economic growth for the quarter, higher than the previous reading of 0.4%.

Forex Major Currencies Outlook (April 25, 2013)

USD

The U.S. dollar lost a bit of ground to its major counterparts in yesterday’s trading as the U.S. durable goods orders data missed expectations. 

GBP/USD: Trading the U.K. GDP Report (April 25, 2013)

On its 1-hour time frame, GBP/USD is testing the falling trend line connecting its recent highs from the second week of April. On top of that, the pair is also stalling around the 1.5300 major psychological level.

Forex Major Currencies Outlook (April 24, 2013)

USD              

The U.S. dollar reigned supreme against most of its counterparts, particularly the euro and the Australian dollar, as risk aversion stayed in the markets in yesterday’s trading sessions.

Shallow Retracement or Breakdown on EUR/USD (April 24, 2013)

EUR/USD is currently testing the 1.3000 major psychological area, as the path of least resistance is downwards. 

AUD/USD Long-Term Support at 1.0200 (April 23, 2013)

The recent risk-off market environment has pushed AUD/USD down from the top of the long-term range around 1.0600 towards the bottom. 

Forex Major Currencies Outlook (April 22, 2013)

USD

The U.S. dollar seems to be benefitting from the risk rallies these days as most major economies have been showing signs of a slowdown. 

GBP/USD: Head and Shoulders Pattern (April 22, 2013)

A potential reversal is looming on GBP/USD as the pair formed a complex head and shoulders pattern on the 4-hour time frame.