Market Info

Forex Major Currencies Outlook (January 9, 2014)

USD

The US dollar gained ground against its major counterparts as the ADP employment report printed stronger than expected gains of 238K versus the estimate at 199K.

USD/CHF Descending Trend Line Break (January 9, 2014)

The downtrend on USD/CHF may soon be over as the pair already closed above the falling trend line on its daily time frame. As you can see though, stochastic has reached the overbought zone, which means that buyers may be getting tired.

Forex Major Currencies Outlook (January 8, 2014)

USD

The US dollar enjoyed a bit of support, thanks to stronger than expected trade balance figures. The deficit shrank from a positively revised 39.3 billion USD to 34.3 billion USD instead of widening to 40.2 billion USD.

Reversal Pattern on EUR/USD (January 8, 2014)

A double top has formed on EUR/USD’s 1-hour time frame and it seems that the pair has confirmed the potential selloff. It has broken below the neckline around the 1.3650 minor psychological level but is waiting for more selling momentum.

Forex Major Currencies Outlook (January 7, 2013)

USD

The US dollar lost some of its shine in yesterday’s trading when the US ISM manufacturing PMI fell short of consensus.

USD/JPY Trend Continuation? (January 7, 2014)

USD/JPY is still on a strong uptrend, as seen from the rising trend line connecting the lows of the price on the 4-hour time frame. At the moment, the pair is testing the trend line around the 104.00 major psychological handle.

Forex Major Currencies Outlook (January 6, 2014)

USD

Liquidity is expected to pick up today as more traders return to their trading desks. Over the weekend, Harvard economist Larry Summers spoke of the need to have fiscal stimulus for the US economy.

GBP/USD: Retracement Setup (January 6, 2014)

GBP/USD has broken past the 1.6500 handle last December but failed to sustain its rallies until the start of this year. This suggests that a huge retracement might be in the cards, as the pair gathers more buying power.

Forex Major Currencies Outlook (December 20, 2013)

USD

The US dollar tried to extend its rallies against its major currency rivals but had trouble doing so because of weaker than expected US economic data.

USD/CHF Trend Play (December 20, 2013)

USD/CHF is still trending lower on its 4-hour time frame, despite the strong bounce seen after the FOMC interest rate statement. The pair has dipped to new yearly lows around the .8850 area and might be ready to test those lows again.