Market Info

GBP/USD: Major Correction (July 9, 2013)

Thanks to the dovish BOE rate statement, GBP/USD suffered a sharp selloff last week.

Forex Major Currencies Outlook (July 8, 2013)

USD

Better than expected jobs data boosted the dollar against its counterparts on Friday, as the NFP figure came in at 195K. 

USD/CAD Rising Channel Setup (July 8, 2013)

The Loonie has been edging lower against the U.S. dollar gradually, as the pair has formed a shallow rising channel on its 1-hour time frame. 

Forex Major Currencies Outlook (July 5, 2013)

USD

The US dollar was one of the strongest performing currencies in yesterday’s trading as it posted huge gains against the pound and euro. 

Revisiting the NZD/USD Range (July 5, 2013)

The NZD/USD range on its 1-hour time frame is still intact, as the pair just made a test of resistance this time around.

Forex Major Currencies Outlook (July 4, 2013)

USD

The US dollar lost to most of its major counterparts in yesterday’s trading, as some traders booked profits ahead of the Fourth of July holiday in the United States. 

AUD/USD Break and Retest Day Trade (July 4, 2013)

AUD/USD has been undergoing heavy selling pressure, but it appears the pair has found support around the .9100 area. It could pull up for a quick retracement before the selloff resumes.

Forex Major Currencies Outlook (July 3, 2013)

USD

The US dollar made a stellar recovery against its major counterparts in yesterday’s trading, pushing EUR/USD below the 1.3000 handle and USD/JPY above the 100.00 mark. 

NZD/USD Scalping Range Setup (July 3, 2013)

NZD/USD has been moving sideways on its 1-hour time frame, as the pair found support around the .7720 level and resistance near .7830. 

Forex Major Currencies Outlook (July 2, 2013)

USD

The dollar was off to a good start for the week, as risk aversion remained in the markets for most of the Asian session.