Market Info

EUR/USD: Double Bottom Forming? (July 2, 2013)

EUR/USD has tested the 1.3000 major psychological level a few times already, forming a double bottom pattern on its 1-hour time frame. 

Forex Major Currencies Outlook (July 1, 2013)

USD

The US dollar has a lot of major reports in line for the week, with the ISM manufacturing PMI, ISM non-manufacturing PMI, and NFP report due. 

AUD/USD Intraday Retracement (July 1, 2013)

China just printed its set of PMI figures from HSBC and the government in today’s Asian session, and both reports showed weaker performance in its manufacturing sector.

Forex Major Currencies Outlook (June 28, 2013)

USD

The US dollar dominated the day’s price action once more, as strong economic data boosted the currency against its counterparts. 

GBP/USD Trend Play (June 28, 2013)

GBP/USD is still on a steady downtrend on its 1-hour time frame, as the pair is moving below a falling trend line connecting its recent highs for the month.

Forex Major Currencies Outlook (June 27, 2013)

USD

The US dollar lost ground to some of its major counterparts in yesterday’s trading as the US Q1 2013 final GDP figure suffered a huge downward revision from 2.4% to just 1.8%. 

EUR/USD Short-term Trend Play (June 27, 2013)

There’s a potential short-term retracement on EUR/USD’s 1-hour time frame which could come into play today. 

Forex Major Currencies Outlook (June 26, 2013)

USD

The US dollar had some trouble sustaining its gains recently, despite stronger than expected data from the US. 

GBP/JPY Falling Channel (June 26, 2013)

GBP/JPY is on a short-term downtrend based on its 1-hour time frame. The pair has made lower lows and lower highs, forming a falling channel.

Forex Major Currencies Outlook (June 25, 2013)

USD

The US dollar had to take a breather from its recent rallies, as it ended the day mostly lower against its major counterparts.