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Forex Major Currencies Outlook (March 15, 2013)

USD: Neutral

The U.S. dollar lost a lot of ground to its major currency counterparts during yesterday’s trading as we saw a short squeeze, particularly for GBP/USD and EUR/USD.

EUR/USD: 4-hour Falling Channel Holding? (March 15, 2013)

After yesterday’s short squeeze on EUR/USD, which pushed the pair back above the 1.3000 major psychological support level, many are wondering if the rally of this pair would actually last. 

Forex Major Currencies Outlook (March 14, 2013)

USD: Bullish

The U.S. dollar once again found support from stronger than expected economic data during yesterday’s trading. 

NZD/USD Breaks Below .8200 Level (March 14, 2013)

NZD/USD got sold off strongly after the RBNZ announced its interest rate decision during today’s Asian session. 

Forex Major Currencies Outlook (March 13, 2013)

USD: Bullish

The U.S. is set to release its retail sales report for February at 1:30 pm GMT today. The headline figure could show a 0.5% increase while the core version of the report could also show a 0.5% uptick as well. 

GBP/USD: Break and Retest of 1.5000? (March 13, 2013)

GBP/USD has just broken below the 1.5000 major psychological level in the past week but the pair appears prime for a retest within the day. 

Forex Major Currencies Outlook (March 12, 2013)

USD: Neutral

There are no major reports due from the U.S. or other major economies today so dollar pairs could simply move sideways for the rest of the day. 

GBP/USD Short-term Falling Channel (March 12, 2013)

Cable has been on a downtrend for the past few weeks and has recently made a strong break below the 1.5000 major psychological support level. 

Forex Major Currencies Outlook (March 11, 2013)

USD: Bullish

The U.S. dollar enjoyed a nice strong rally after the NFP figure came in higher than expected. The U.S. economy was able to add 236K jobs in February, higher than the estimated 162K increase. 

EUR/USD in a 150-pip Range (March 11, 2013)

Last Friday’s NFP release, which came in stronger than expected, pushed EUR/USD back to the 1.3000 major psychological level.