Market Info

AUD/CAD Major Correction (December 19, 2013)

AUD/CAD seems prime for a large correction on its 1-hour time frame, as the pair has found support around its recent lows around .9450.

Forex Major Currencies Outlook (December 18, 2013)

USD

The US dollar was able to end the day strong even though data from the U.S. economy was mixed. The headline CPI fell short of the expected 0.1% uptick and printed a flat reading but the core CPI printed a better than expected 0.2% increase instead of the projected 0.1% rise.

GBP/USD Short-Term Downtrend (December 18, 2013)

On its 1-hour time frame, GBP/USD is trending lower, after forming a double top reversal pattern on its 4-hour chart earlier this week. The pair has since broken below the neckline around 1.6350, confirming the potential selloff.

Forex Major Currencies Outlook (December 17, 2013)

USD

The US dollar had one of its better days against the pound and the euro, as the low-yielding currency managed to put a lid on its recent losses. Data from the US, however, came in weaker than expected.

AUD/USD to Bounce or Break? (December 17, 2013)

AUD/USD is testing a key support level at the moment, as the .8950 level is in line with the pair’s lows for the year. Stochastic is pointing up, indicating a potential bounce but fundamental factors are hinting at further losses for the Aussie.

Forex Major Currencies Outlook (December 16, 2013)

USD

The Greenback barely reacted to weaker than expected PPI data on Friday, as it managed to hold on to its latest gains to the euro and the pound. Headline PPI showed a 0.1% decline while core PPI came in line with the consensus of a 0.1% increase.

GBP/USD Reversal Signal? (December 16, 2013)

A double top pattern has formed on GBP/USD’s 4-hour time frame, indicating that the pair’s rally might soon be over. The pair seems to be testing the neckline around the 1.6300 major psychological support.

Forex Major Currencies Outlook (December 13, 2013)

USD

It seems that nothing could stop the U.S. dollar from rallying yesterday when the US economy printed a better than expected retail sales report. Headline consumer spending increased by 0.7% while core retail sales showed a 0.4% increase.

NZD/JPY Rising Channel (December 13, 2013)

NZD/JPY has been on a steady uptrend on its 1-hour time frame and might be ready to push higher, given the RBNZ’s hawkish rhetoric in their latest interest rate decision. Although the central bank kept interest rates unchanged, they did hint that they could hike if inflationary pressures remain strong.

Forex Major Currencies Outlook (December 12, 2013)

USD

The US dollar had a mixed performance against its major currency rivals in yesterday’s trading, as it rallied against the Australian dollar and pound but weakened against the yen, franc, and euro. There were no major economic reports released from the US in the latest New York session.