JPY – Risk Appetite Rules For A Day
The JPY traded lower against the USD again on Wednesday and finds itself moving towards the weaker sides of its range against the greenback. This has come on the heels of a political upheaval in Japan in...
Author: bforex.com
Moving Averages
Averages serve one key purpose, to smooth out price action. In so doing, it should give a trader a better feel for how to trade certain markets. We often talk about the major moving averages of 50,...
USD – Tentative Trading Abounds In Market
The first day back from a long holiday proved cautious for the USD and broad markets. Tuesday produced gains for the Greenback versus the Single Currency, but it did lose some ground to the Sterling. Wall Street...
EUR – Debt And Its Implications
The EUR continued to face pressure on Tuesday in a cautious market. With full volume returning to the marketplace as traders from the U.S. and U.K. made their way into offices, the Single Currency has found that...
GBP – Divergence Emerges In Sterling
The Sterling gained strongly on the USD on Tuesday. Manufacturing PMI was released and produced a positive reading of 58.0, slightly above the estimate of 57.8. Today Net Lending to Individuals and Construction PMI data will be...
JPY – Japan’s Prime Minister Resigns
The Japanese Prime Minister stepped down after only nine months in office last night because of political pressure. The JPY did lose some ground to the USD on the heels of the government shake up, but this...
Long Candle Wicks and Consolidation
Every trend goes through a period of consolidation or burn out. The simplest way to identify consolidation is to observe when prices action move sideways instead of directionally up or down.
Trading Time Frames
USDJPY (Daily): The chart below demonstrates the volatility of this pair. It essentially is moving sideways with a large distance between chart highs and lows. Friday’s price actions saw this pair open at the 200 day MA...
Fitch Downgrades Spain
Because of the holidays both in the U.S. and the U.K. today, traders should expect much lower volume than normal. The markets will stand mostly in place with brief moments of sudden volatility if a large speculator...
The Rebound
USDCAD:After taking out the 200 day moving average, a cross not seen in more than 1 year, the CAD held firm at major Support of 1.0850. Preceding that bounce off of 1.0850 was the beginning of a...