Today, traders should pay close attention to the release of the U.S. ADP Non-Farm Employment Change report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter...
Market Review – 01/02/2011 20:20 GMT The dollar falls as upbeat global manufacturing ISM data boosts risk appetite The greenback declined against most of its counterparts on Tuesday as the solid global manufacturing ISM data together with...
Instability in Egypt influences the market. Asian and European trading sessions:
Greetings and welcome back. Let’s pull up the USD/JPY hourly chart. As Japan’s economic outlook looks for improved earnings and economic growth, we saw some major whip saws in JPY cross pairs in the past couple of...
Market Review – 31/01/2011 20:04 GMT Euro rises on higher-than-expected eurozone inflation data Euro rose on Monday as higher-than-expected eurozone data fueled speculation that European Central Bank (ECB) may raise its interest rate quicker than the U.S....
Update Time: 31 Jan 2011 06:17GMT WEEKLY AUD/JPY CROSS OUTLOOK – +81.00+ A$’s breach of 81.60 to 81.52 signals the fall fm83.69 top to retrace recent rise fm 71.97 has resumed n further weakness twd 80.95 is...
Recent developments in Egypt are having a significant impact on commodities and the major currencies. Just before the weekend, when protests in Egypt began escalating, crude prices jumped 500 pips to $90.80 a barrel. In addition, safe-haven...
Market Review – 29/01/2011 01:13 GMT The greenback and Swiss franc strengthen on Friday as Egypt turmoil increases safe-haven demand The greenback rose broadly, except versus Japanese yen and Swiss franc on Friday as unrest in Egypt...
4-hour timeframeTechnical data:Head channel of the linear regression: direction –upLow channel of the linear regression: direction – downMoving average (20; smoothed) – downCCI: -86.1244
Yesterday’s most significant economic news was clearly the S&P’s announcement that Japan’s credit ratings will be downgraded from AA- to AA. The Japanese yen saw sharp falls against all the major currencies in response. In addition, disappointing...
