Market Info

NZD/USD Channel Break (December 12, 2013)

NZD/USD has been trading in a downtrend for the past few weeks but it appears that the pair is ready to break out. Earlier today, the RBNZ had its monetary policy statement and decided to keep interest rates unchanged at 2.50%. However, RBNZ Governor Wheeler hinted that they could hike rates soon since inflationary pressures are very strong.

Forex Major Currencies Outlook (December 11, 2013)

USD

The US dollar was a big loser in yesterday’s trading, as risk appetite seemed to benefit most other major currencies. There were no major reports released from the US economy then, as traders took the opportunity to book profits at key support and resistance levels. For today, only medium-tier events are scheduled, which suggests that the dollar might have trouble regaining ground.

GBP/JPY: Bullish Divergence in Play (December 11, 2013)

GBP/JPY might be on its way to resume its climb, now that price has made higher lows while stochastic drew lower lows. The support at the pair’s previous week highs around 169.00 seems to be holding well.

Forex Major Currencies Outlook (December 10, 2013)

USD

The US dollar had a mixed trading day, as it lost ground to the pound and the euro but strengthened against the commodity currencies and the Japanese yen.

EUR/CHF Testing Long-Term Support (December 10, 2013)

EUR/CHF has been selling off very aggressively but the pair might be due for a strong bounce soon, as it is currently testing a long-term bottom around the 1.2200 major psychological level.

Forex Major Currencies Outlook (December 9, 2013)

USD

The US dollar had a topsy-turvy Friday during the NFP release as the actual figure came in better than expected at 203K, beating the consensus at 180K and pushing the jobless rate down to 7.0%.

GBP/USD Resistance Turned Support (December 9, 2013)

GBP/USD has failed to breach the 1.6400 major psychological level last week, as strong US data kept the Greenback afloat. However, UK fundamentals are also very strong, which suggests that GBP/USD might simply need to pull back first before resuming its rally.

Forex Major Currencies Outlook (December 6, 2013)

USD

The dollar got a boost from a stronger than expected GDP reading for Q3 2013, as it was revised up from an initial estimate of 2.8% to 3.6%, higher than the projected 3.0% growth figure. 

AUD/USD Retracement Scenario (December 6, 2013)

AUD/USD has broken down to new lows yet again, dipping below the .9050 minor psychological support thanks to stronger than expected U.S. GDP data. This was enough to revive taper expectations for the FOMC meeting in December, but this could depend on the NFP release today.

Forex Major Currencies Outlook (December 5, 2013)

USD

The US dollar pocketed decent gains against most of its counterparts in yesterday’s trading, as data came in mostly better than expected.