U.S. GDP Release: Trading USD/JPY (April 26, 2013)
The U.S. will print its Q1 2013 GDP reading in today’s U.S. session and the report is slated to show 3.0% economic growth for the quarter, higher than the previous reading of 0.4%.
Category: Daily Forex Reports
GBP/USD: Trading the U.K. GDP Report (April 25, 2013)
On its 1-hour time frame, GBP/USD is testing the falling trend line connecting its recent highs from the second week of April. On top of that, the pair is also stalling around the 1.5300 major psychological level....
USD/JPY Forecast April 25, 2013, Technical Analysis
The USD/JPY pair fell during the session on Wednesday, but as you can see formed another hammer, suggesting that we are going to see further bullish pressure to the upside in this marketplace. It simply appears that...
USD/CAD Forecast April 25, 2013, Technical Analysis
The USD/CAD currency pair fell during the session on Wednesday, but as you can see has remained in a fairly tight range for the last couple of weeks.
GBP/USD Forecast April 25, 2013, Technical Analysis
The GBP/USD pair had a slightly positive session on Wednesday, clinging to the 1.5250 area yet again. However, this market is essentially “dead money” at the moment, as it simply has no drive to break in one...
EUR/USD Forecast April 25, 2013, Technical Analysis
The EUR/USD pair fell during much of the session on Wednesday, but as you can see bounced enough to form a decent looking hammer and close above the 1.30 level.
AUD/USD Forecast April 25, 2013, Technical Analysis
The AUD/USD pair broke higher during the Wednesday session, tripping the buy orders that would’ve been at the top of the hammer from the Tuesday session, and formed a candle the looks very much like a hammer...
USD/JPY Forecast April 24, 2013, Technical Analysis
The USD/JPY fell during the session on Tuesday, but bounced enough to in the positive for the session, forming a nice looking hammer just below the all-important 100 handle.
USD/CAD Forecast April 24, 2013, Technical Analysis
The USD/CAD pair had a slightly positive session for the trading day on Tuesday, but formed a shooting star yet again. This is the second shooting star in a row, which was preceded by two hammers. This...
GBP/USD Forecast April 24, 2013, Technical Analysis
The GBP/USD pair fell during the session again on Tuesday, but found enough support just below the 1.5250 level to bounce and stay within the tight range that we have been in lately.