Market Info

GBP/USD: 1.6150 Support? (October 2, 2013)

GBP/USD was rejected at the 1.6250 minor psychological resistance yesterday, as pound bulls need to gather more energy before pushing this pair higher.

Forex Major Currencies Outlook (October 1, 2013)

USD

The U.S. dollar experienced heavy selling pressure in yesterday’s trading, as the U.S. economy is currently facing a possible government shutdown. 

USD/JPY Channel Breakdown (October 1, 2013)

USD/JPY has been trading inside a rising channel for quite some time but the range broke earlier this week. This suggests that a downtrend might be in the works, possibly after a quick retest of the broken support.

Forex Major Currencies Outlook (September 30, 2013)

USD

The US dollar lost ground on Friday, mostly because of the weak economic data and the prospect of a government shutdown. Lawmakers only have a few hours left to come up with a plan to avoid default, and it appears that Republicans and Democrats still can’t see eye to eye. 

USD/CHF: Retest of .9100? (September 30, 2013)

USD/CHF just broke below the key .9100 handle on Friday’s dollar weakness, but the pair might be due for a quick pullback before heading any lower.

Forex Major Currencies Outlook (September 27, 2013)

USD

The US dollar lost some ground to most of its major counterparts yesterday, as bleak economic data convinced traders that a taper is not likely for this year. 

USD/JPY: Rising Channel Support (September 27, 2013)

USD/JPY has been climbing slowly inside a rising channel on its 4-hour time frame, and is currently testing the bottom.

Forex Major Currencies Outlook (September 26, 2013)

USD

The US dollar let go of its recent gains to the dollar, yen, and euro as data from the US economy wasn’t as strong as expected. 

NZD/USD: Break and Retest Scenario (September 26, 2013)

NZD/USD has retreated from its recent rallies, as bulls are unable to take the pair significantly past the .8400 major psychological resistance.

Forex Major Currencies Outlook (September 25, 2013)

USD 

The US dollar’s rally gained traction yesterday, even though there weren’t exactly a lot of major reports on tap. In fact, US reports actually came in below consensus yesterday, as the Richmond manufacturing index slipped from 14 to 0 instead of improving to 17.