Market Info

Forex Major Currencies Outlook (March 22, 2013)

USD: Neutral

There are no major economic releases from the United States, which suggests that dollar pairs could move to currency-specific events. 

USD/JPY Retracement In the Works? (March 22, 2013)

USD/JPY’s rally seems to be losing steam as the pair can’t seem to make a break above the 97.00 major psychological resistance

Forex Major Currencies Outlook (March 21, 2013)

USD: Neutral

Dollar pairs are stuck in consolidation so far as EUR/USD keeps testing the 1.2950 minor psychological resistance while GBP/USD is still moving sideways around the 1.5100 area. 

USD/CAD: Trading the Canadian Retail Sales Report (March 21, 2013)

The falling trend line on USD/CAD’s 1-hour time frame is holding for now but the pair is consolidating into what appears to be a symmetrical triangle. 

Forex Major Currencies Outlook (March 20, 2013)

USD: Neutral

Most dollar pairs could be in for a lot of tight consolidation during today’s trading sessions as traders sit on their hands prior to the FOMC monetary policy statement. 

EUR/USD: Potential Retracement (March 20, 2013)

After Cypriot officials and the Troika unveiled a bailout proposal to save Cyprus’ troubled banks, the parliament rejected the plan since it involved a one-time tax levy on deposits.

Forex Major Currencies Outlook (March 19, 2013)

USD: Bullish

Weekend gaps on most dollar pairs seem to have been filled at the moment, except for the large one on EUR/USD. 

Pennant on GBP/USD (March 19, 2013)

After its strong rally towards the end of last week, GBP/USD consolidated tightly in a pennant formation during yesterday’s trading. 

Forex Major Currencies Outlook (March 18, 2013)

USD: Bearish

Several weekend gaps were made after the short squeeze took place last week as most major currency pairs opened right where they were prior to the profit-taking on Thursday and Friday. 

EUR/USD Weekend Gap Play

EUR/USD made a huge gap down from the 1.3100 area to below 1.3000 over the weekend.